Stories for October 26th 2011
Good reception for Uruguay’s offshore hydrocarbons seismic data
Uruguay’s oil and gas refining corporation, Ancap, reported it has sold seismic data on the country’s continental shelf hydrocarbons potential for the value of 20 million dollars which more than covers the costs involved in the several surveying operations.
Argentina floods the market with dollars to control money speculation
The Argentine Central Bank (BCRA) issued a special decree so that all export revenues generated by both mining and energy sectors remain in Argentina to be negotiated at the local foreign exchange market.
Strong support for Merkel ahead of the Euro bail out summit
Germany's Bundestag lower house of parliament approved on Wednesday a motion to strengthen the Euro zone rescue fund via leveraging, providing Chancellor Angela Merkel with the mandate she needs to negotiate at a key Euro summit in Brussels.
WTO warns protectionism is gaining ground “as a political reaction” to economic difficulties
Economic pressures are tempting G20 governments to resort to protectionism in a misguided bid to shield their domestic markets from problems that are unrelated to trade, the World Trade Organization said in a biannual report Wednesday.
Can the Falkland Islands achieve economic diversification borne from adversity?
The launch this month by the Falkland Islands Development Corporation (FIDC) of the Import Substitution Programme under the slogan, “Use Spades, Not Ships” bears striking parallels to the Grow More Food campaign established in war-time Britain during the Second World War. A campaign known better by its slogan – “Dig for Victory”.
Top bankers praise Latam’s performance but beware effects of Euro crisis
Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe poses a threat, according to the region’s banks federation, FELEBAN.
Fitch ratifies Brazil’s credit rating and medium term growth prospects
Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the Latin America’s largest economy would remain stable.
HMS Montrose expected to arrive in the Falklands mid November
Royal Navy frigate HMS Montrose has set sail for a six-and-a-half month deployment to the Falkland Islands and other South Atlantic Islands to maintain a continuous presence protecting British interests.
Argentine lawmakers present Falklands’ motion before the Parliamentary Union
Argentine lawmakers participating of the Inter Parliamentary Union, IPU, in Switzerland presented a motion referred to the Falklands/Malvinas, calling for a ban on the exploitation of natural resources in those countries that have been invaded by military forces.
Leiv Eirksson oil rig leaves for the Falklands from Greenland next month
When the Leiv Eriksson, a rig built to hunt for oil beneath 10,000 feet of water in the world’s roughest seas, finishes drilling a well off Greenland’s west coast next month, it will sail for its next job -- a prospect 9,000 miles away, south of the Falkland Islands.
