Investments

• Monday, September 25th 2017 - 05:39 UTC

  Moody's downgrades UK credit rating on concerns about public finances and Brexit

  

  UK's credit rating has been cut over concerns about the country's public finances and fears Brexit could damage the country's economic growth. Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.

• Thursday, September 21st 2017 - 07:57 UTC

  Secretary of State for Scotland on a three/day visit to Argentina

  

  The Secretary of State for Scotland, David Mundell, will start an official visit to Argentina during which he will hold meetings with national authorities, private sector representatives, and members of the civil society. The purpose of his trip to South America, which started on Tuesday with a visit to Paraguay, is to promote Scottish business interests and build cultural and educational links.

• Wednesday, September 20th 2017 - 18:32 UTC

  Argentina 2018 budget bill forecasts growth of 3.5% and 15.7% inflation

  

  Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) as previously announced.

• Wednesday, September 20th 2017 - 08:12 UTC

  Offshore oil exploration takes off in Argentina at the Malvinas Basin

  

  Searcher Seismic has made its entry into Argentina with four new multi-client projects. Beginning in phases, the first phase comprises of an offshore basin analysis report providing a regional framework to understand the offshore basins of Argentina, assisting industry’s exploration efforts.

• Wednesday, September 20th 2017 - 01:40 UTC

  Odebrecht sells stake of massive subway project in Buenos Aires

  

  Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.

• Monday, September 18th 2017 - 08:03 UTC

  Falklands' flock reaches 490.113; West Falkland produces more wool per sheep than in the East

  

  By Sharon Jaffray - The Falkland Islands flock reached 490.113 sheep of which 281.671 in East Falkland and 177.506 in the West plus 30.936 in the outer islands, according to the latest Farming Statistics 2016/2017, in accordance with the Agricultural Returns Ordinance. Likewise the number of cattle was 3.433.

• Monday, September 18th 2017 - 07:07 UTC

  Argentina receives in Vigo state of the art fisheries scientific research vessel

  

  Argentina baptized and received on Saturday in Vigo, Spain a state of the art scientific fisheries research vessel which will be incorporated to Mar del Plata based INIDEP's (National Institute of Research and Fisheries Development) fleet of vessels involved in promoting a sustainable fishing industry.

• Friday, September 15th 2017 - 07:32 UTC

  Chilean company will build new cellulose plant in the south of the country

  

  Chilean forestry company Arauco, a subsidiary of industrial conglomerate Empresas Copec SA, will invest US$185 million to build a new cellulose and textile pulp plant in the nation’s south, the company said on Thursday.

• Thursday, September 14th 2017 - 18:53 UTC

  Irish beef farmers warn that an EU/Mercosur deal is a “completely unacceptable”

  

  Pushing the European Union Mercosur deal is a “completely unacceptable”, according to Meat Industry Ireland’s (MII) director Cormac Healy. In a statement, Healy said that any progression and completion of the Mercosur trade deal will have negative effects on the EU beef market.

• Thursday, September 14th 2017 - 06:53 UTC

  BP and Bridas Corporation form Argentina's largest private integrated energy company

  

  British Petroleum has agreed with Argentina's Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy and the refiner and marketer Axion Energy in a cash-free transaction. The new company, Pan American Energy Group, will be the largest privately-owned integrated energy company operating in Argentina.