The Argentine navy is not going through one of its great moments, not only because of the impounded flagship ARA Libertad in Ghana and the ARA Espora stranded in South Africa waiting for spares. The rest of the fleet is suffering the consequences of years of lack of maintenance and training with corvettes, destroyers and even submarines involved in mechanical and conducting incidents.
Crude production from the Bakken and Three Forks formations in North Dakota could rise by another 50-100% in the next three years, and not start to decline until 2020 or even 2025, according to official projections from the North Dakota Oil and Gas Division.
Brazil's unemployment rate fell in October, suggesting the country’s robust labour market will continue to support domestic demand through an incipient economic recovery.
A Brazilian congressional committee has asked the Attorney General’s Office to prosecute on conspiracy charges two editors from the opposition magazine Veja because of their links with the chief of illegal gambling in the country, Carlinhos Cachoeira.
China will ban executives from state-owned banks and financial companies from spending extravagantly on cars and houses, according to the state news agency Xinhua. The 12 regulations, issued jointly by the Ministry of Finance, the Ministry of Supervision and the National Audit Office, come after Communist Party chief Xi Jinping warned that the party risks major unrest and the collapse of its rule if corruption is allowed to run wild in China.
The head of the Sao Paulo state police who held the post for seven years quit Wednesday amid a surge of deadly violence in Brazil’s largest city and the industrial and financial hub of the country.
Argentina suffered a stinging blow late Wednesday when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.
Bolivia was formally invited to join Mercosur as a full member for which negotiations can begin in the coming summit December 7 in Brasilia. The invitation was made official by Mercosur High Commissioner Ivan Ramalho during a visit to La Paz where the met with Foreign minister David Choquehuanca and Economy and Planning ministers Luis Arce and Viviana Caro.
The Law of the Sea Tribunal in Hamburg confirmed the oral hearings’ date for 29 and 30 November referred to the Argentine vessel ARA Libertad impounded and retained in Ghana since 2 October, with a previous day of consultations with both litigants on 28 November.
Another Argentine province, Formosa announced that it would be repaying in Pesos its dollar-denominated bonds (FORM3) issued under local law, at an exchange rate of 4.81 Pesos per dollar.