Stories for June 25th 2009

Friday, June 26th 2009 - 04:47 UTC

Three pollsters have virtually confirmed the winners of next Sunday’s primary presidential elections

June’s “picture” show’s the most probable scenario for the presidential election is a run off in November.

Three pollsters have virtually confirmed the winners of next Sunday’s primary presidential elections in Uruguay. The ruling coalition’s presidential hopeful Jose Mujica and Pedro Bordaberry from the small Partido Colorado have ample margins over their runner ups and can be anticipated to win by a landslide.

Friday, June 26th 2009 - 03:28 UTC

Fearful Argentines taking their dollar savings to Uruguay for shelter

The solidity of the Uruguayan banking system is confirmed by Argentines mistrust of their financial policies.

Safe deposit boxes in Uruguay are overflowing with US dollars from fearful Argentines concerned about the situation in their country and the results of Sunday’s mid term elections, according to banking sources in Montevideo.

Thursday, June 25th 2009 - 17:30 UTC

Uruguay’s ruling coalition appeals for unity and “ideal presidential ticket”

Mujica and Astori have yet to reach an agreement on the ruling coalition’s ticket.

The Uruguayan ruling coalition held Tuesday night a last joint rally before Sunday’s presidential nomination primary evoking the past and calling for unity behind the winning ticket. However one of the three hopefuls said that an agreement on program “contents” will have to be reached first.

Thursday, June 25th 2009 - 17:27 UTC

Argentina’s industrial production falls for fifth month running

Private analysts and economists coincide Argentina is in recession

Argentine industrial production fell 1.7% in May from a year earlier and was down 0.2% on the month, according to the latest release from the country’s Statistics Institute. This is the fifth month running that industrial production has been contracting.

Thursday, June 25th 2009 - 17:18 UTC

Wind farm energy for Chile’s giant state owned copper company

The aeolic park will have 125 turbines, 80 meters tall.

Chilean state-owned copper company CODELCO Norte presented this week plans for a 700 million US dollars wind farm to the National Environmental Commission (CONAMA).

Thursday, June 25th 2009 - 17:16 UTC

Brazilian pre-salt reserves extraction costs in the range of 40 USD per barrel

According to Petrobras officials Brazil should be extracting 5.7 million bpd by 2020

Brazilian government managed Petrobras said this week that production from the massive oil fields deep below the ocean floor off Brazil’s Atlantic coast was viable at 40 US dollars for a barrel for benchmark Brent crude.

Thursday, June 25th 2009 - 17:12 UTC

Argentina/ Chile react differently to Brazil’s travel warning on flu

President Bachelet said she was in complete disagreement with Brazil’s recommendation.

Argentina and Chile reacted differently to this week’s advice from the Brazilian government against travelling to A/H1N1 virus flu-stricken Argentina and Chile by people older than 60 and younger than 2 as well as those with weakened immune systems.

Thursday, June 25th 2009 - 17:10 UTC

Former Falklands Chief Executive becomes a clergyman

Michael Blanch when he was posted to the Falklands

A former Chief Executive of the Falkland Islands government is to become a clergyman in the Yorkshire Dales. Michael Blanch is to serve as curate at Askrigg united with Stallingbusk, according to press reports from North Yorkshire.

Thursday, June 25th 2009 - 17:00 UTC

UK cocaine capital of Europe; one in 100 Londoners “problem drug user”

Cost of cocaine in the UK has increased by 50% since 2007, says UN report

The United Kingdom is the cocaine capital of Europe, the United Nations has said. The UN Office on Drugs and Crime said the UK was Europe's largest cocaine market - with more than one million regular users.

Thursday, June 25th 2009 - 10:06 UTC

Canadian oil company begins exploration drilling in Patagonia’s San Jorge basin

The area still has producing wells which were started in the sixties

Canada’s Crown Point Ventures Ltd announced that in early to mid July it expects to be commencing the drilling of a three well exploration drilling program at El Valle in the San Jorge basin of Argentine Patagonia.

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