Investments

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.
Saturday, November 11th 2017 - 08:55 UTC
YPF will relocate investment from natural gas to crude oil, because of changes in subsidies policy

Argentina's state-run oil company YPF is “disappointed” by cuts to the government's natural gas production subsidies and will re-allocate investment toward crude oil production.
Friday, November 10th 2017 - 17:59 UTC
Trump doesn't blame China for its trade surpluses: “they work for the benefit of their citizens”

President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US.