Stories for May 30th 2012
Spanish company Repsol has said it is pulling out of Cuba after failing in a recent attempt to find oil off the island. Chairman Antonio Brufau told journalists and investors that Repsol won't do another well in Cuba.
Argentine President Cristina Fernández praised the appointment of British citizen Guy Rider as the head of the International Labour Organization because for the first time in history, the president of the International Labour Organization, ILO is a worker.
The Gibraltar Government reacted to the outcome of the meeting between the British and Spanish foreign ministers on Tuesday in London saying that it is pleased that “it is recognised and accepted by all parties that only Gibraltar has the jurisdictional competence to deal with the issues that arise in respect of the on-going breaches of the Nature Protection Act in British Gibraltar Territorial Waters.”
Mitt Romney clinched the US Republican presidential nomination on Tuesday with a resounding victory in Texas and now faces a five-month sprint to convince voters to trust him over Democratic President Barack Obama in the November 6 election.
OAS secretary general Jose Miguel Insulza believes US Secretary of State Hillary Clinton will miss the Organization of American States General Assembly because of “agenda problems” and not over discrepancies on the issues to the addressed.
Spain and the UK will join forces against attacks on their companies in Latin America, Spanish Foreign Minister José Manuel García-Margallo said, following a meeting on Tuesday in London with his counterpart William Hague.
Escalation in the long-running dispute between Britain and Spain over ownership of Gibraltar shows disturbing Falklands-style tendencies. The warning comes from one of the Rock's MEPs after a stand-off between Gibraltar and Spanish police patrol boats over fishing rights.
British natural gas firm BG Group Plc said on Tuesday it had signed a definitive binding agreement to sell its entire 60.1% stake in Comgas to Brazilian energy company Cosan S.A. for 3.4 billion Brazilian Reais, which is about $1.7 billion at current exchange rates.
Brazilian sugar and ethanol producer Cosan and the country's largest rice producer, Camil Alimentos, reached an agreement to merge their food divisions, Cosan said in a statement this week.
Brazilian petrochemical conglomerate Ultrapar Paticipacoes SA announced it had purchased Uruguay’s American Chemical for 79 million dollars. Ultrapar is also linked to businesses in fuels and liquids storage, according to a Brazilian securities filing on Monday.