Investments

• Monday, October 24th 2016 - 17:43 UTC

  Billions pour in to buy Argentine bonds, “sign of growing investor confidence”

  

  Argentina’s international currency reserves rose above the landmark US$40 billion for the first time in three and a half years last Friday, as a huge inflow of dollars from government-issued debt and some exports over the last few days caused some dramatic increases this week. The milestone, according to Central Bank chief Federico Sturzenegger, was “a sign of growing investor confidence in the country.”

• Saturday, October 22nd 2016 - 10:31 UTC

  Uruguay expects a no-growth cruise season; Buenos Aires port rates discourage companies

  

  Uruguay is expecting some 150 cruise calls this coming season 2016/17 which begins next month and represents some 300.000 visitors, according to Tourism minister Liliam Kechichian who nevertheless admitted that growth prospects are somehow behind schedule because of the high costs of reaching and operating in the port of Buenos Aires.

• Friday, October 21st 2016 - 02:56 UTC

  Brazilian central bank lowers basic rate 0.25 points on more optimistic recovery data

  

  Brazil's central bank cut its key interest rate for the first time in more than three years on Wednesday as a new center-right government's reforms fuel hopes of a recovery in Latin America's largest economy. The bank lowered the benchmark Selic rate by 0.25 points, to 14%, still one of the world's highest, and cited a dip in inflation and forecasts that a long recession -- Brazil's worst in a century -- is nearing its end.

• Wednesday, October 19th 2016 - 20:48 UTC

  Falkland Islands and Punta Arenas interested in increasing links and cooperation

  

  A delegation from the UK embassy in Chile and a member from the Falklands Legislative Assembly met in Punta Arenas with the Magallanes region finance minister Christian Garcia to increase science and education cooperation links and promote people and economic exchanges. Many Chileans mainly from Punta Arenas have jobs in the Falklands.

• Friday, October 14th 2016 - 09:37 UTC

  Falkland Island farmers tour Australia for improved sheep genetics

  

  Three Falkland Islands farmers and the general manager of Falklands Landholdings Corporation recently travelled to Australia as part of the ongoing search for improvements to lamb survival rates in the Falklands. Touring farms in both Queensland and New South Wales, the group spent three weeks inspecting Australian studs in search of better fat and muscle values in young rams.

• Friday, October 14th 2016 - 05:48 UTC

  Falklands considers air link with Brazil including a monthly stopover in Argentina

  

  “Is a monthly stopover in Argentina too high a price to pay for a direct weekly flight to Sao Paulo, the biggest flight hub in South America,” is the question we all have to ask ourselves, said lawmaker MLA Mike Summers this week as he set out the situation and options available to progress and develop the Falkland Islands’ economy.

• Monday, October 10th 2016 - 18:57 UTC

  Airline industry agrees to significantly reduce jetliners carbon emissions

  

  The airline industry agreed on a framework for reducing its carbon footprint at a UN meeting in Montreal, the first commercial sector on its own to tackle climate change. Six years of negotiations culminated in what International Civil Aviation Organization president Azharuddin Abdul Rahman called a “historic” deal at the ICAO's plenary session to cap carbon-dioxide emissions by 2035 at 2020 levels.

• Friday, September 30th 2016 - 07:54 UTC

  Falklands would claim 9% oil royalty per barrel plus 26% profit corporation tax

  

  The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week.

• Saturday, September 24th 2016 - 07:46 UTC

  Latam modifies ownership structure before the entrance of Qatar airlines

  

  The Amaro family from Brazil, one of the main controllers of LATAM Airlines, sold a 6.47% stake in the regional carrier on Friday on the Santiago stock exchange for some US$296 million, as part of a strategy to modify the company's ownership structure.

• Thursday, September 22nd 2016 - 22:08 UTC

  BIS warns Chinese banking sector stress gauge three times above danger level

  

  Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.