Stories for January 2008
Oil discovery to double Argentine Patagonia production
Argentina's Patagonian hydrocarbons rich province of Chubut announced this week the discovery of new oil deposits that will help double the province's production, anticipated Governor Mario Das Neves.
Less hake volume and lower squid prices hit Argentine exports
Argentina fisheries exports dropped in volume and value in 2007 according to the latest release from the country's Nacional Food Safety and Quality Service (SENASA). Exports totaled 505.794 tons of fish and shellfish valued 1,027 billion US dollars which is 13% and 14% below 2006.
South Georgia icefish fishery seeks certification
A South Georgia fishery has become the 50th fishery currently undergoing public full assessment under the Marine Stewardship Council (MSC) standard for sustainable and well-managed fisheries.
Peru became in 2007 Chile's main foreign investment attraction
Chile's foreign direct investment in 2007 reached its highest level in the past 10 years, according to the Santiago Chamber of Commerce (CCS). Of 4.689 billion US dollars in Chilean capital invested outside Chile, 26%, or 1.236 billion dollars, ended up in Peru.
Chavez claims US and Colombia planning war provocation
Venezuelan President Hugo Chavez claimed that United States and Colombia were plotting an incident that would spark a war with Venezuela. The charges, supported by alleged troop movements in the border area caused fear among the civilian population of the neighboring countries.
IMF suggests more regulation to address financial imbalances
International Monetary Fund Director General Dominique Strauss-Kahn called for a serious “response” to the risk of a United States recession and encouraged fiscal stimulus programs in some countries warning that monetary policy “is not enough”. He also supported more multilateral regulation.
Falkland Islands: Weekly Penguin News update
Headlines: Bad weather = £184k loss; An end to Tamar's delay?; Dockyard project moves on; Dorada's future unclear; Mini Sports this weekend.
Petrobras discovers second offshore huge gas reservoir
Brazil's government managed oil company Petrobras announced this week the discovery of a huge second natural gas field 290 kilometeres off the coast of Rio do Janeiro and 40 kilometeres north of the Tupi field which is thought to be one of the largest discovered in the past twenty years.
Uribe with 80% popularity fights for US Congress support
Colombian president Alvaro Uribe has an 80% support, the highest since taking office back in 2002, according to the latest public opinion polls released this week. The previous poll in November showed Uribe with a 74% support and 14% negative response.
Global unemployment set to increase this year syas ILO
Economic turbulence largely due to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in 2008, the International Labour Office (ILO) said Thursday in its annual Global Employment Trends report (GET).
