Investments

• Friday, April 11th 2014 - 04:22 UTC

  Bank of England leaves interest rates unchanged as UK recovery picks up

  

  UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.

• Tuesday, April 8th 2014 - 22:05 UTC

  Falklands fiscal regime and stability remain attractive for oil and gas industry

  

  With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.

• Tuesday, April 8th 2014 - 18:17 UTC

  Airport chaos anticipated for Brazil's World Cup as terminals remain unfinished

  

  As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.

• Tuesday, April 8th 2014 - 00:21 UTC

  Rolls-Royce marine facility in Rio to support Brazil's oil industry

  

  Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.

• Friday, April 4th 2014 - 07:53 UTC

  Latam leaders discuss improving education and skills to help diversity economy

  

  Political, business and academic leaders gathered for the ninth annual World Economic Forum in Latin America in Panama set out strategies for the region to move beyond dependence on commodity exports and face the challenges of a rapidly changing global economy.

• Friday, April 4th 2014 - 04:35 UTC

  Uruguayan government feels it can tame inflation based on March's index

  

  Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

• Thursday, April 3rd 2014 - 07:25 UTC

  Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

  

  Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.

• Saturday, March 29th 2014 - 06:25 UTC

  Falklands receives US oil company temporary dock facility for exploration operations

  

  Houston based oil company Noble Energy expects to inject 4 million dollars into Falklands businesses with the construction of the temporary dock facility which arrived in the Islands this week, Senior Vice President Susan Cunningham told those attending a presentation in Stanley on Monday evening.

• Friday, March 28th 2014 - 08:01 UTC

  Cuba ready to implement an ambitious foreign investment with generous tax breaks

  

  Cuba's government has released further information on a proposed foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract capital into the communist economy.

• Saturday, March 22nd 2014 - 12:42 UTC

  Falklands' operational campaign to be informed by US oil industry leader

  

  The highest paid woman on a list of 500 Houston oil executives (2009) will be in the Falkland Islands next week with Noble Energy. She is scheduled to hold meetings with the local business community and members of the public for an operational update on Noble's Falklands' campaign.