Stories for October 2007
Latest News feedFalklands’ licensed oil company collects 3D seismic data
Borders & Southern Petroleum PLC announced this week it has started the acquisition of 3D seismic data across its South Falkland Basin acreage and that it expects to complete the data collection in the first quarter of 2008.
Argentina: record corn crop; mixed views on soybeans
Argentina’s 2007/08 corn crop could surpass last season’s record output by more than 10% but analysts had mixed views on soybeans’ potential due to concerns about yields. The country produced 21.8 million tons of corn last season and a record 47.6 million tons of soybeans.
Chile drops in most globalized countries ranking
Chile fell nine spots in the 2007 Globalization Index, compiled by Foreign Policy magazine and the management consulting firm AT Kearney. Additionally, Chile is no longer the most globalized Latin American country, as Panama and Costa Rica jumped to higher spots on the list
Russia cautious about UK’s off Antarctic seabed claims
Russia is decisively opposed to any splitting of Antarctica based on unilateral territorial claims, although was cautious about UK’s seabed claims in that region, announced a release from the Russian Foreign Ministry.
Falklands Protection Vessel HMS Clyde Open Day Saturday 10
The Royal Navy’s first Offshore Patrol Vessel and Falkland Islands Protection Vessel HMS Clyde will hold an Open Day at Stanley’s FIPASS on Saturday 10 November 2007 between 13:00 – 16:00 hrs, announced Gilbert House.
Populist general joins Paraguay’s presidential election
Populist former Paraguayan Army General Lino Oviedo was cleared on Tuesday by the country’s Supreme Court of a mutiny conviction clearing the way for him to compete in April’s presidential election.
US subprime crisis hits Chilean wood molding industry
The subprime lending crisis in the United States recently forced Chile’s Celulosa Arauco (CELCO), the forestry arm of the Angelini group, to close the La Araucana sawmill located in Los Álamos in Arauco province. The decision left 130 people unemployed.
Fed cuts interest rate to 4.5% but admits risks to inflation
The United States Federal Reserve by a clear majority voted on Wednesday to cut US interest rates 25 basis points from 4.75% to 4.5%. The widely expected decision was taken to help revive the country’s faltering housing and credit markets.
25th Anniversary Veterans Pilgrimage to Falklands
The coming week SAMA (South Atlantic Medal Association) 82 and Combat Stress 25th Anniversary Pilgrimage will be flying to the Falkland Islands with around 250 veterans and next of kin or family members of some of those lost in the 1982 South Atlantic conflict.
Falklands’ fishing companies associate to ‘work together’
Fifteen fishing companies on Tuesday night became members of the Falkland Islands Fishing Company Association (FIFCA) at their inaugural Annual General Meeting.
