Stories for March 2011

Thursday, March 31st 2011 - 23:57 UTC

Jimmy Carter calls for the end of US embargo and democracy in Cuba

The former US president had a long chat with Fidel Castro

Former US president Jimmy Carter - on a visit to Cuba - has criticized US policy towards the island. Carter said the decades-long US trade embargo and travel ban damaged the Cuban people and hindered rather than helped reform.
He also urged the Cuban government to move towards democracy and allow complete freedom of speech.

Thursday, March 31st 2011 - 14:22 UTC

Falkland Islands will remain on summer time throughout 2011

Better contacts with the UK and Europe during the working day

Falkland Islands will remain on ‘summer time’ throughout the whole of 2011 on a trial basis announced the local government.

Thursday, March 31st 2011 - 14:11 UTC

Uruguay’s wholesale prices soared 10.82% in the first quarter of 2011

Livestock prices had the main incidence on the index

Uruguay’s wholesale prices soared in March for the third month running reaching 4.42%, the highest since 2010, reports the country’s Statistics Institute, INE.

Thursday, March 31st 2011 - 14:06 UTC

Foreign direct investment in Uruguay recovers in 2010: up 28% from 2009

Companies are reinvesting profits given the good prospects for the economy

Foreign direct investment in Uruguay reached 1.6 billion US dollars in 2010, up 28% from 2009, according to the fourth quarter Balance of Payments report released this week by the country’s Central bank.

Thursday, March 31st 2011 - 14:00 UTC

Chavez warns: if capitalism returns to Venezuela, it’s the end of oil cooperation

The Venezuelan president addressing the students

President Hugo Chavez confirmed he would run for re-election in 2012 and made a strong call for regional unity warning that “if capitalism returns to Venezuela” it would mark the end of oil cooperation.

Thursday, March 31st 2011 - 08:02 UTC

Falkland Oil and Gas Limited Press Release

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.

Thursday, March 31st 2011 - 07:38 UTC

Chavez blasts alliance bombing Libya; signs agreements with Uruguay

The Uruguayan president and his Venezuelan peer during a press conference in Government House

Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.

Thursday, March 31st 2011 - 07:35 UTC

“Unlikely there will be a Mercosur/EU trade deal” in 2011 says Irish minister

Agriculture Minister Simon Coveney: powerful countries such as France are more opposed than Ireland

Ireland believes it looks increasingly unlikely that there will be a Mercosur-European Union trade deal before the end of the year. Mercosur and the EU resumed trade talks in May 2010 with the objective of reaching a deal by the end of 2011.

Thursday, March 31st 2011 - 04:04 UTC

President Cristina Kirchner promises ‘to go for more’ as her popularity is on the rise

The image of the Argentine president has a 65% support

Argentine President Cristina Fernández de Kirchner said at a political rally that she’s not the leader of a government but the head of a political project with an agenda and a vision of Argentina, and anticipated she’s “going for more”.

Thursday, March 31st 2011 - 02:17 UTC

GeoPark joins Korea’s LG to expand oil exploration in Latin America and Asia

Latin American oil and gas company GeoPark Holdings which operates in Argentina and Chile, will sell a 10% stake in GeoPark Chile Ltd for 70 million US dollars to a unit of Korea's LG Corp. The transaction is expected to close in the second quarter of 2011, GeoPark said.

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