Investments

Friday, February 6th 2015 - 23:02 UTC
Qatar Airways takes 10% of IAG, owner of British Airways and Iberia

Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a member of the Oneworld Alliance.
Thursday, February 5th 2015 - 11:10 UTC
Cristina Fernandez hails 'strategic partnership' with China; blasts Argentine industry for mistrusting agreements

President Cristina Fernandez expressed her satisfaction for the over 1,000 businessmen that attended the Argentinean-Chinese forum she presided in Beijing and praised the 'strategic partnership' with China. The president also rejected criticism voiced by the Argentine Industrial Union (UIA) against her trip to China and the bilateral deals reached.
Tuesday, February 3rd 2015 - 00:10 UTC
Falklands' oil drilling program confirmed; rig from Western Africa on its way

Falkland Oil and Gas Ltd has confirmed that the Eirik Raude rig has commenced mobilization from West Africa to the Falkland Islands for the 2015 drilling program, which will be operated by Premier Oil and Noble Energy.
Sunday, February 1st 2015 - 21:52 UTC
First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing

The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now that China has deposited the first 287.7 million dollars tranche of funding for the massive 4.71 billion project, Argentine President Cristina Fernández announced before leaving for a state visit to China.
Saturday, January 31st 2015 - 10:44 UTC
Moody's downgrades Petrobras credit rating because of corruption scandal

Moody's Investors Service has downgraded the credit rating of Brazil's state-owned oil company Petrobras because of the widening kickback-corruption scandal affecting the country's largest corporation.The credit rating agency announced its decision late Thursday in a statement posted on its website.
Saturday, January 31st 2015 - 09:30 UTC
Despite fourth quarter blip US economy fundamentals remain robust with strong tailwind

US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. GDP expanded at a 2.6% annual pace after the third quarter's spectacular 5%, the Commerce Department said in its first fourth-quarter GDP snapshot.
Thursday, January 22nd 2015 - 11:36 UTC
Oil price collapse hurting some more than others

U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.
Wednesday, January 21st 2015 - 08:03 UTC
Obama pledged 'middle-class economics' but faces a Republican congress

US President Barack Obama has declared an end to the financial crisis and pledged economic policies to benefit all Americans, in his annual State of the Union address to Congress. In a speech devised to appeal to working families, Mr Obama outlined his strategy for “middle-class economics”.
Friday, January 16th 2015 - 05:23 UTC
YPF increased output during 2014; refinery strike threatens supply of fuel

YPF's oil and natural gas production rose in 2014 for the second year running, Argentina's state-run energy company said on Thursday. Oil production rose 8.7% last year, while gas output was up 12.5%, YPF said, although the company did not publish annual output volume.
Thursday, January 15th 2015 - 08:13 UTC
Five ways to play the oil price plunge

The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on.The most obvious victim of the slide in Brent and WTI prices over the last 6 months has been the major oil producers. Holders of these equities have seen price slides up to 33%.