Stories for December 15th 2012

Saturday, December 15th 2012 - 21:06 UTC

Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007

Cristina Fernandez passed legislation allowing the central bank to pay sovereign debts with central bank reserves

Argentina made payments of over 3.5 billion dollars on Friday in GDP-linked bonds which refer to the 2005 and 2010 rescheduling agreed with creditors who originally held 2001/02 defaulted sovereign bonds. At the same bank the Central bank revealed that international reserves have fallen to its lowest since 2007.

Saturday, December 15th 2012 - 21:04 UTC

GeoPark drills new successful oil well in Colombia

James F. Park, CEO of GeoPark

GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.

Saturday, December 15th 2012 - 20:59 UTC

Petrobras selling its assets in Argentina; YPF one of the interested companies

CEO Maria das Gracas Foster said Petrobras will concentrate in developing ultra-deepwater fields off Brazil

Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.

Saturday, December 15th 2012 - 20:56 UTC

Peru and Chile sign next week ‘free of mines’ designated areas along their border

Roncaglio and Moreno signed the demining accord counting with the help from Norway

Next week Chile and Peru will have concluded sweeping their border of anti personnel and anti tank mines, announced Claudio de la Puente, head of the Latin American Desk at the Peruvian Foreign ministry.

Saturday, December 15th 2012 - 16:57 UTC

Law of the Sea court orders ‘immediate’ release of ARA Libertad

Law of the Sea president Judge Shunji Yanai of Japan reads the ruling

The UN International Tribunal for the Law of the Sea ordered on Saturday the release of ARA Libertad, the Argentine naval training ship which has been detained in Ghana since October at the request of holders of defaulted Argentine state bonds.

Saturday, December 15th 2012 - 09:20 UTC

Highly invasive, voracious and dangerous African snail found in Paraguay

Achatina fulica was probably introduced from Brazil, suspect Paraguayan officials

The giant East African snail, (Achatina fúlica), listed among the world’s top 100 invasive species, extremely voracious and which can transmit deadly diseases to humans has been found in empty lots in the Paraguayan city of Ciudad del Este, next to Brazil.

Saturday, December 15th 2012 - 06:37 UTC

Tearful Obama addresses the nation: calls for “meaningful action against these tragedies”

Obama ordered that US flags be flown at half-staff on public grounds through Tuesday.

A tearful President Barak Obama said US leaders must ”take meaningful action'' regardless of politics in response to the mass shooting at a Connecticut elementary school.

Saturday, December 15th 2012 - 06:33 UTC

Argentina’s official November inflation 0.9%; half the 1.81% congressional index

The discredited Indec stats again exposed

Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.

Saturday, December 15th 2012 - 06:31 UTC

Mexico ready to drop WTO complaint after reaching auto accord with Argentina

Ministers Ildefonso Guajardo and Debora Giorgi (L) exchange compliments

Mexico said it would drop a complaint over import curbs against Argentina before the World Trade Organization after the two countries signed a more limited automobile trade pact.

Saturday, December 15th 2012 - 06:29 UTC

“Doctors of the World” claims there are 16.000 living in the streets of Buenos Aires

The NGO gives support to over 2.000 homeless

There are over 16.000 homeless living in the streets of Buenos Aires with great difficulties to access public health services according to the ‘Health in the streets’ report from ‘Doctors of the world’ and which was released Friday in the Argentine capital.


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