Investments

• Friday, March 11th 2016 - 05:38 UTC

  ECB cuts rate to 0% and announces new stimulus, but market reactions are mixed

  

  European stock markets have fallen and the Euro has soared following the economic stimulus measures announced by the European Central Bank on Thursday. After initially rising following the broader than expected package, Frankfurt closed down 2.3%, Paris ended 1.7% lower and the FTSE 100 slid 1.8%.

• Friday, March 11th 2016 - 05:29 UTC

  Brexit would be “a disaster for UK science” warn 150 fellows from Royal Society

  

  Stephen Hawking has called for Britain to stay in the EU, saying that a Brexit would be a “disaster for UK science”. A letter to the Times newspaper signed by more than 150 fellows of the Royal Society argues that leaving the EU would devastate research.

• Friday, March 11th 2016 - 05:22 UTC

  Purge in YPF; financial expert chosen as successor of Galuccio

  

  Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.

• Friday, March 11th 2016 - 05:18 UTC

  Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

  

  Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.

• Monday, March 7th 2016 - 05:12 UTC

  Argentina's YPF planning to cut capital expenditure by at least 20/25%

  

  Argentina's state-controlled energy company YPF will cut capital expenditure by at least 20-25% this year to mitigate the impact of the global oil price rout — leading to growing concerns among union leaders, who claim up to 2,000 workers would be laid off because of the company’s decision.

• Monday, March 7th 2016 - 04:34 UTC

  Panama wants to be Home Port for cruises, but companies are 'asking too much'

  

  Panama is holding tough negotiations with cruise lines hoping they will return to the country, using local facilities as Home Port, but government authorities admit that the demands from the companies are too high.

• Monday, March 7th 2016 - 04:26 UTC

  Montevideo/Falklands/Malvinas air link is “viable”, says ex Uruguayan president

  

  Uruguay's former president Luis Lacalle Herrera said that an air bridge between Montevideo and the Falklands/Malvinas Islands is 'viable' and was optimistic about such an opportunity in the near future.

• Friday, February 26th 2016 - 11:02 UTC

  Brazil's Vale reports record losses; puts prime assets on sale to lower debt

  

  Brazilian miner Vale SA put its prime assets on the block on Thursday after taking the biggest loss in decades, but analysts said the target to make $10 billion in 18 months was unrealistic and expressed concern a fire sale could destroy equity value.

• Friday, February 26th 2016 - 10:19 UTC

  Total starts production at Argentine Tierra del Fuego offshore gas field

  

  French oil company Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 million cubic meters of gas per day (70,000 barrels of oil equivalent per day (boe/d)).

• Wednesday, February 24th 2016 - 07:43 UTC

  Argentina's YPF submits copy of contract with Chevron but warns about 'confidential information'

  

  Argentina's oil and gas company YPF submitted a copy of the contract signed with Chevron back in 2013 for joint works at the Loma Campana field in the province of Neuquén. Still, Argentina’s state-run energy giant demanded “confidential information” not to be revealed.