Investments

Wednesday, January 18th 2017 - 04:26 UTC
Trump barking at the wrong tree: Automation revolution is taking the jobs, not evil foreigners

By Gwynne Dyer

The main message of 2016 was that we are entering a period of economic and political upheaval comparable to the Industrial Revolution of 1780-1850, and nothing expressed that message more clearly than Donald Trump's appointment of Andrew Puzder as Secretary of Labour. Even though it's clear that neither man understands the message.
Tuesday, January 17th 2017 - 09:29 UTC
Falklands under no pressure from the UK: “final decision on flights will be ours, and ours alone”

The Falkland Islands Government is under no pressure from the UK government to agree to something that we feel is not in our best interests, and ”the final decision on (additional) flights will be ours, and ours alone”. The statement belongs to the elected Legislative Assembly of the Falkland Islands' chair of the month, Barry Elsby.
Tuesday, January 10th 2017 - 17:34 UTC
Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.
Tuesday, January 10th 2017 - 09:20 UTC
UK trade-hopeful following talks with top Republican congress leaders

Britain will be in the “front seat” to negotiate a new trade deal with the incoming Trump administration, a top Republican in the US Senate has said. A US-UK trade deal would be a priority, Senate Foreign Relations Committee chairman Bob Corker said after meeting Foreign Secretary Boris Johnson.
Saturday, January 7th 2017 - 08:57 UTC
Falklands Chamber of Commerce demands improved telecommunications

The Falkland Islands Chamber of Commerce ended 2016 by reiterating that the provision of modern telecommunications was absolutely crucial for the development of Falklands “business community, economy and society as a whole.”
Monday, January 2nd 2017 - 12:21 UTC
China pledges to boost investment in tourism and promises “toilet revolution”

China said it will boost investment in tourism, with plans to develop rustbelt regions and upgrade public toilets high on its to-do list as it looks to lift the sector's contribution to economic growth.
Thursday, December 29th 2016 - 06:07 UTC
ANCAP company in Argentina seeks bankruptcy reorganization proceedings

Uruguayan oil company ANCAP announced Wednesday through a press release that one of its companies, Carboclor S.A., based in Argentina, had turned to the courts to start the reorganization proceedings, known in Argentinian law as “Concurso Preventivo,” which is very similar to the United States' “Chapter Eleven” bankruptcy mechanism.
Tuesday, December 27th 2016 - 09:17 UTC
Petrobras plans to claim part of Odebrecht's payments deal in US and Switzerland

Brazilian oil company Petrobras plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras has said it was the victim of the vast bid-rigging and kickbacks scheme that Odebrecht admitted to helping run.
Tuesday, December 27th 2016 - 09:03 UTC
Deutsche Bank and Credit Suisse reach payment deals with US authorities on sub-prime scams

Germany's Deutsche Bank announced it has agreed a US$7.2bn payment to US authorities over an investigation into mortgage-backed securities. The sum, which needs final approval, is far lower than the US$14bn the US had asked the bank to pay in September. The looming fine had caused concerns that a failure of the bank could pose a risk to the global financial system.
Monday, December 26th 2016 - 14:33 UTC
Falklands government secures environmental planning contract with Aedis

The Falkland Islands Government have secured the services of Tees Valley based building control firm Aedis. The contract will see Aedis delivering a raft of professional consultancy services based upon their building control expertise. This includes providing a remote plan checking service to help the Falkland Islands Environmental Planning Department ensure all new building work complies with the necessary building regulations.