Investments

• 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.

• 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.