Investments

Saturday, February 6th 2016 - 07:37 UTC
US unemployment drops to 4.9% in January, but hiring is slowing down

The latest report from the United States Labor Department for January showed job gains slowed more than expected as the boost to hiring from unseasonably mild weather faded last month. However unemployment dropped to 4.9% of the workforce, the lowest in almost eight years.
Saturday, February 6th 2016 - 07:00 UTC
Argentina close to a full agreement with holdouts: US$ 6.5bn offer to end the litigation

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end an exhausting 14-year legal battle, “the sovereign debt trial of the century”, that transformed the country into a financial markets pariah. Two out of six leading bondholders have already accepted the offer, the U.S. court-appointed mediator said, hailing the proposal by Argentina's new, business-friendly government as an “historic breakthrough”.
Friday, February 5th 2016 - 08:04 UTC
Falklands: Contractual dispute with rig company raises speculation over drilling program

The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.
Friday, February 5th 2016 - 07:54 UTC
Swiss Syngenta accepts takeover proposal by China Chemical: US$ 43bn cash

Government-owned agrochemical firm China National Chemical announced this week an all-cash proposal to buy Swiss rival Syngenta for $43 billion in a deal expected to improve China's food production.
Thursday, February 4th 2016 - 08:17 UTC
Magallanes region in south Chile could hold a treasure of unconventional tight gas

The U.S. Geological Survey estimates that the Glauconitica zone of Chile's southernmost Magallanes region holds nearly 8.3 trillion cubic feet of technically recoverable, unconventional tight gas, or nearly double Chile's production of that fossil fuel over the past 70 years.
Wednesday, February 3rd 2016 - 05:52 UTC
Norway's Statoil confirms interest in Uruguay's offshore potential, acquires 15% of exploration block

Norway's Statoil giant announced on Tuesday an agreement with French Total to acquire a 15% working interest in an offshore exploration block in Uruguay's continental shelf. The announcement comes only weeks before Total is preparing to drill its first exploratory well in Uruguayan waters.
Friday, January 29th 2016 - 04:11 UTC
Canadian company interested in Uruguay's main (broke) fish industry complex

A Canadian corporation, Cooke Aquaculture is apparently interested in taking over Uruguay's main fish industry company, FRIPUR, which is under administration and liquidation and ended all operations almost six months ago.
Friday, January 22nd 2016 - 04:45 UTC
Macri/Cameron coincide on new relationship; Falklands left for further on

Argentine President Mauricio Macri met on Thursday with British Prime Minister David Cameron in Davos as both leaders attend the World Economic Forum in Switzerland. The atmosphere of the meeting was described as 'very positive' and several steps of a new relationship were announced, while the Falklands/Malvinas issue was left for further on.
Friday, January 22nd 2016 - 04:33 UTC
UK position on Falklands remains as expressed by 2013 referendum, Cameron tells Macri

The United Kingdom government has released a statement pointing out the “three areas” British Prime Minister David Cameron and President Mauricio Macri “covered” during their Davos meeting on Thursday.
Tuesday, January 19th 2016 - 08:06 UTC
Falklands oil explorers Rockhopper Exploration and FOGL completed merger

Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday.