Stories for July 2012
Chile’s copper industry wants to develop shale gas to help lower energy prices
Shale gas may be the solution to one of the most serious problems the Chilean mining industry is facing because of the very high energy prices due to limited supply.
Argentina has three annual inflation estimates: 9.9%; 23.96% and 30%
Argentina's government reported Friday that consumer prices rose by 0.7% in June. The estimate, published by national statistics agency, Indec, indicates that in the first half of 2012 inflation reached 5.1% and 9.9% in the last twelve months.
Brazil ready to launch an eight storey “love hotel” for pets
Following in the footsteps of United States, Brazil is all set to open a “love hotel” for pets. The country is home to a 32-million-strong canine population the world's second largest after America.
More than 500 penguins found dead of beaches of south Brazil
More than 500 penguins have been found dead on beaches of Brazil's southern Rio Grande do Sul state, authorities said Friday.
Chavez becomes an issue of the US presidential campaign
President Hugo Chavez denied on Friday that Venezuela was a threat to anyone, after US presidential hopeful Mitt Romney criticized Barack Obama for playing down the risk posed by the socialist leader.
Argentine province reviewing BP operating licence in main oil field
Argentina’s Chubut province is reviewing the operating license of BP Plc main oil field in the country and may revoke it, the provincial oil minister said. The review started after operations were interrupted last month for over three weeks during a workers’ protest, Minister Ezequiel Cufre said in an interview in Buenos Aires.
Top Brazilian entrepreneurs tie-up to develop mining opportunities in Latam and Africa
Brazil's top investment bank Banco BTG Pactual announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to 520 million dollars in Latin America and Africa.
Brazil’s 2012/13 soybean crop in place to dispute the US supremacy
Next season, 2012/13 Brazilian soybean growers could be in place to jump from the world's No. 2 producer and dispute the US first place. Brazil's 2012-13 soybean production is expected to rise 25% from this season’s drought-punished, to 83.1 million tons.
Rousseff pledges to prop the economy but with no EU-style austerity measures
Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Former PM Berlusconi will return as candidate in next year’s general election
Former Italian Prime Minister Silvio Berlusconi will return to frontline politics as the centre-right candidate in next year's general election, a senior official in his PDL party was quoted this week.
