Stories for December 28th 2006
Shell declares field off shore Santos, commercially viable
Royal Dutch Shell PLC announced Thursday it declared the Brazilian offshore BS-4 field in the Santos basin off the Rio do Janeiro coast, commercially viable.
Seven women in Ecuador's incoming cabinet
Ecuadorian President-elect Rafael Correa appointed this week seven women to his Cabinet, including the country's first female Defence minister, saying he wanted to promote gender equality.
Argentine banks must return 2001/02 frozen deposits
Five years later and in a long-awaited ruling, the Argentine Supreme Court ordered local banks to reimburse in full their customers savings that were frozen during the economic crisis of 2001/02, when Argentina also defaulted on its foreign debt.
Euro becomes the world's favourite currency
The US dollar bill's standing as the world's favourite form of cash is being pushed aside by the five-year-old euro with the value of Euro notes in circulation totaling 614 billion compared to the equivalent 588 billion Euros in greenbacks.
ENAP investment plan 2007/11 totals 4.5 billion
Chile's government oil corporation ENAP announced this week investments totaling 4.5 billion US dollars in the coming four years, 2007/2011, emphasizing exploration and production and the construction of refineries.
Chile expects 640.000 foreign tourists in high season
Tourist activity in Chile expanded 11.5% during 2006 and is forecasted to grow an additional 14% this coming summer season (January, February) according to the National Tourism Office, Senatur.
Brazilian furious travelers storm airport runways
In the midst of persistent chaos in airports Brazilian President Lula da Silva accused airlines of overbooking flights during Christmas while in one incident in Sao Paulo furious travellers stormed a runway to prevent a commercial jet from taking off.
