Investments

• Monday, November 20th 2017 - 09:02 UTC

  Macri on the right track but economy needs growth and investment

  

  Following on his congressional midterm election win, president Mauricio Macri sealed a fiscal agreement with governors of nearly all Argentine provinces in a sign of his growing clout in upcoming negotiations to close the budget deficit, reform labor legislation and open up the economy. However there are some warnings and indicators to keep watch off, according to an orthodox economist.

• Friday, November 17th 2017 - 08:03 UTC

  Petrobras counts on pre-salt production to compete with a boom in US shale output

  

  Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.

• Thursday, November 16th 2017 - 19:09 UTC

  Petrobras shares plunge after disappointing third quarter earnings

  

  Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%

• Thursday, November 16th 2017 - 15:15 UTC

  Falklands announces new Legislative Assembly and portfolios assigned

  

  The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.

• Thursday, November 16th 2017 - 09:30 UTC

  Argentina en route to becoming region's leading producer and exporter of “white petroleum” lithium

  

  Argentina is disputing with Chile South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars and its rechargeable batteries allowing them to retain energy far longer, and as a consequence its price has soared more than 30% to a record US$ 12.000 a ton this year.

• Thursday, November 16th 2017 - 09:18 UTC

  A woman deputy CEO of BATELCO, with telecoms interests in Falklands

  

  Bahrain's leading telecom services operator Batelco Group has appointment Muna Al Hashemi as its new deputy chief executive officer. Having joined Batelco as a trainee graduate in 1994, Al Hashemi held several key roles in Batelco’s various divisions before being appointed as CEO of Batelco Bahrain in August 2015, said a statement from Batelco.

• Thursday, November 16th 2017 - 09:08 UTC

  Russia gives Venezuela a hand and restructures US$ 3.15bn debt over a 10-year period

  

  Russia and Venezuela signed a debt restructuring deal on Wednesday allowing Caracas to make “minimal” payments to Moscow in the next six years to help it meet obligations to other creditors, the Russian Finance Ministry said. Under the deal, Venezuela will pay Russia back a total of US$ 3.15 billion over a 10-year period, the ministry said.

• Thursday, November 16th 2017 - 08:39 UTC

  China and Chile agree to upgrade trade accord to take advantage of new technologies

  

  China and Chile have agreed to upgrade their free trade agreement (FTA), a move that will boost both economies, a former official of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said.

• Wednesday, November 15th 2017 - 11:45 UTC

  US cements position as the world's largest oil and gas producer

  

  International energy markets are set for “major upheaval” as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast.

• Monday, November 13th 2017 - 23:58 UTC

  Private construction and infrastructure boosting Argentina's steel industry

  

  Argentina's Acindar steelmaker is currently working at 70% of its installed capacity, which is 1.7 million metric tons of crude steel and 1.4 million mt of finished steel. In 2016, Acindar produced 962,000 mt of steel products. Expectation for 2017 is that it will reach 1.1 million mt, resuming good levels for the company.