Investments

• Thursday, September 22nd 2016 - 17:00 UTC

  St Helena airport “too dangerous to use” opens prospect of £285m compensation claim

  

  Britain faces the prospect of compensation claims over a disastrous overseas aid project to build an airport on the remote island of St Helena, according to reports in the UK media. The £285million flop became a symbol of Britain’s aid waste this year after experts warned it might never open because of severe problems with wind conditions on the British Overseas Territory in the South Atlantic Ocean.

• Wednesday, September 21st 2016 - 21:53 UTC

  Divided Fed leaves interest rates unchanged; strong hints of a December increase

  

  The United States Federal Reserve pushed back plans to raise interest rates on Wednesday, a widely expected move following a series of mixed economic reports and varied signals from Fed officials. After its two-day policy meeting, the Federal Open Market Committee voted to hold the federal funds rate between 0.25% and 0.50%, citing progress in economic and labor market growth and an improving risk outlook.

• Tuesday, September 20th 2016 - 12:54 UTC

  General Electric pledges US$ 10bn in Argentina over the next decade

  

  U.S. industrial conglomerate General Electric will invest US$10 billion in Argentina over the next decade, vice chairman John Rice said on Monday, the latest foreign company to announce new plans since President Mauricio Macri took office.

• Monday, September 19th 2016 - 07:11 UTC

  Punta Arenas port increased docking space should be ready early 2017

  

  Works on the extension of the Prat dock in the port of Punta Arenas picked up this last week and should be ready for the beginning of next year, including two dolphins and six jackets, which should enable all cruise passengers to land directly.

• Sunday, September 18th 2016 - 06:52 UTC

  Argentina/UK statement on Falklands and dialogue ”promising”, but Congress decides

  

  The recent Argentina/UK joint cooperation statement, with a chapter on the Falklands/Malvinas Islands, is “promising”, however much rests to be defined and agreed, and additional air links should be carried out by Argentina's flag carrier, according to Rosana Bertone, governor of the extreme south province of Tierra del Fuego, Antarctica and South Atlantic Islands.

• Saturday, September 17th 2016 - 23:17 UTC

  US Justice Department demands US$14bn from Deutsche Bank for 2008 mortgages scam

  

  The US Department of Justice is asking Deutsche Bank to pay US$14bn to settle an investigation into mortgage-backed securities, the bank has said. However Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.”

• Thursday, September 15th 2016 - 10:34 UTC

  Falklands' Sea Lion oil project break-even price reduced to US$ 45 a barrel

  

  Falkland Islands oil explorer Rockhopper Exploration Plc has confirmed cost cuts at its Sea Lion project, which will reduce the scheme´s break-even price to US$ 45 a barrel. Capital investment at Sea Lion to reach first oil is now estimated at US$ 1.5bn.

• Thursday, September 15th 2016 - 10:30 UTC

  Bayer and Monsanto confirm merger in a $66bnm mega-deal; activists ready to protest

  

  Seed and chemical giants Bayer and Monsanto said on Wednesday that they will merge to become one of the world’s biggest agriculture giants, a 66 billion-dollar mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.

• Thursday, September 15th 2016 - 10:23 UTC

  “After 15 years we are open for business” in Argentina announces US Ex-Im bank

  

  The United States Export-Import Bank said it would begin offering financing in Argentina for the first time since the country's economic meltdown in 2001 and 2002. In previous decades the bank provided low-rate loans to support local investment, including the construction of one of the main highways leading into this city.

• Thursday, September 15th 2016 - 10:18 UTC

  Siemens pledges to invest US$ 5.6bn in energy and infrastructure in Argentina

  

  German industrial conglomerate Siemens AG signed a letter of intent on Wednesday to participate in up to US$5.6 billion of energy, transportation and infrastructure projects in Argentina, Chief Executive Joe Kaeser said.