Investments

• Friday, December 20th 2013 - 05:49 UTC

  Argentina threatens to nationalize power companies because of the blackouts

  

  Argentina on Thursday threatened to nationalize utility companies Edenor and Edesur after power outages left large areas of the capital Buenos Aires and surrounding suburbs in the dark, just ahead of the austral summer. “If they are not willing to give people the service they deserve, we will be willing to take over that service,” said cabinet chief Jorge Capitanich.

• Thursday, December 19th 2013 - 06:06 UTC

  Brazil surprises and hands Sweden Gripens the contract for 36 new fighters

  

  Sweden's Saab AB prevailed over U.S. giant Boeing and French manufacturer Dassault Aviation in a competition to supply the Brazilian air force with 36 aircraft to replace its aging Mirage 2000s, Brazil said Wednesday.

• Wednesday, December 18th 2013 - 17:49 UTC

  Falklands' budget challenge: how to distinguish recurrent funding from oil windfall income

  

  The Falkland Islands Executive Council, (EXCO), considers essential more public scrutiny to budget affairs discussions so that individuals can better understand what monies are available for ongoing funding and which are windfall incomes from oil related matters.

• Wednesday, December 18th 2013 - 16:46 UTC

  Falklands to cash 146m dollars from tax on farm-out deal in oil industry

  

  An agreement has been reached between the Falkland Islands government and Rockhopper Exploration regarding tax arising from the Sea Lion farm-out to Premier Oil, an operation involving a billion US dollars, and which according to the settlement generated a credit of 146m dollars for the Islands Treasury.

• Tuesday, December 17th 2013 - 02:28 UTC

  Uruguayan economy on track to 4.1% growth this year and in 2014

  

  The Uruguayan economy contracted 0.7% in the third quarter compared to the previous quarter, although it jumped 3.3% over the same period a year ago, according to the latest release from the Central bank in Montevideo. During the second quarter, the expansion had reached 2.4%, and 1.5% previous to that.

• Saturday, December 14th 2013 - 07:03 UTC

  Falkland Islands progress in renewable energy surprises Chilean experts.

  

  Three experts in the use of renewable energy who were visiting the Falkland Islands this week as the guests of the Falkland Islands Government declared themselves surprised by extent of the efforts made in the Islands to reduce dependence on fossil fuels.

• Thursday, December 12th 2013 - 22:24 UTC

  Falklands oil industry teams up with Scotland's oil service business sector

  

  A successful and well attended conference took place at the Aberdeen Exhibition and Conference Centre on the 4th December 2013 to open up business links between the Falkland Islands and Scotland’s oil service business sector. This event was the second of the two planned events from the project known as FalkLink.

• Wednesday, December 11th 2013 - 00:06 UTC

  Beijing virtually 'takes over' the Caribbean island of Dominica

  

  Dominica and China have signed a new 300 million dollars cooperation agreement that includes the construction of a hotel, construction of an international airport and building a new hospital. The sum involved is equivalent to a third of the small Caribbean island GDP, which could mean Beijing virtually is 'purchasing' the small territory.

• Wednesday, December 11th 2013 - 00:04 UTC

  Colombia finds new reserves; targets 1.3m bbl production by 2020

  

  Colombian state-owned oil company Ecopetrol and Canada's Talisman Energy Inc said on Monday they had discovered an estimated 1.3 billion barrels of oil in southeastern Colombia and that about a tenth of it was likely to be recoverable. The announcement was the second in a week for Ecopetrol and an important addition to the diminishing reserves the country has been urgently trying to boost. The Andean nation also expects to eventually exploit shale oil and gas.

• Tuesday, December 10th 2013 - 22:49 UTC

  IMF extends Argentina a new deadline for CPI and GDP statistics

  

  Directors of the International Monetary Fund (IMF) announced on Monday that they will give Argentine authorities an extended deadline in order to improve upon disputed national statistics, giving the nation until March 2014 to make the necessary changes.