Investments

Sunday, February 26th 2017 - 11:21 UTC
YPF and Shell reach deal to develop oil and gas assets in Vaca Muerta shale field

Argentina's state-run oil company YPF said it reached a preliminary deal with Royal Dutch Shell Plc to develop oil and gas assets in the Vaca Muerta shale field, involving a US$300 million investment from Shell.
Saturday, February 25th 2017 - 10:52 UTC
Futuristic €450 million yacht freed from arrest in Gibraltar; heads for Cartagena

The futuristic €450 million yacht at the centre of a €15.3m legal wrangle has been freed from admiralty arrest and sailed from Gibraltar early Wednesday morning. Sailing Yacht A weighed anchor at around 8.30am and sailed from the Bay of Gibraltar in rough seas bound for the Mediterranean, reports the Gibraltar Chronicle.
Thursday, February 16th 2017 - 12:40 UTC
US producer prices in January record highest gain in four years

U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products, but a strong dollar continued to keep underlying inflation at the factory gate tame.
Thursday, February 16th 2017 - 10:59 UTC
Brexit Minister admits some parliamentary “ping pong”, but March timetable stands

British ministers are braced for a parliamentary battle and are prepared for the Article 50 legislation to be rewritten by the House of Lords, David Davis has indicated. The Brexit Secretary said he expected some parliamentary “ping pong”, with the Bill being sent back and forth between the Commons and the Lords, suggesting he expected peers to defeat the Government and make changes to the tightly-worded legislation.
Wednesday, February 15th 2017 - 08:53 UTC
Falklands' totally financed longliner, CFL Hunter, launched in Galicia

A state of the art longliner, the Falklands “CFL Hunter” was baptized and launched at the Nodosa de Marín shipyard in Pontevedra, in a ceremony that included representatives from Consolidated Fisheries, Falklands lawmakers plus members of the Galicia government and the yard.
Tuesday, February 14th 2017 - 12:17 UTC
Petrobras credit rating raised to BB-: improved governance “compares well with those of its peers”

Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
Tuesday, February 14th 2017 - 09:37 UTC
Uruguay's hope of pulp mill announcement still far away, despite presidential visit to Finland

Talks between Uruguay's government and Finnish pulp and paper maker UPM on a new pulp plant project in the Latin American country are proceeding, Uruguay's president Tabare Vazquez said on Monday.
Sunday, February 12th 2017 - 21:14 UTC
Falklands' government portfolio investments total over £ 160 million

Two managers from Newton Investment Management gave a presentation to the Falkland Islands elected government Standing Finance Committee (SFC) and members of the public on Wednesday on the Government’s investment portfolio.
Wednesday, February 8th 2017 - 10:17 UTC
Falklands' oil exploration: Rockhopper announces investments in Sea Lion

Rockhopper Exploration plc has provided its latest operational and corporate update which includes the North Falkland Basin Sea Lion project and has announced that the technical engineering is approaching conclusion and a settlement on the Eirik Raude rig dispute has been reached.
Monday, February 6th 2017 - 22:08 UTC
Uruguayan president and business delegation begin tour of Germany, Finland and Russia

Uruguayan president Tabare Vazquez, six cabinet ministers and a numerous business delegation begin on Monday a two weeks official tour of Germany, Finland and Russia to increase political and trade links, particularly in the “new international scenario” and hopefully advancing in locking the long delayed accord between the European Union and Mercosur.