Stories for 2012
Frozen fuel prices make it difficult for Petrobras to engage in ambitious development program
Brazil's state-led oil company Petrobras is likely to struggle to find the cash to pay the recently announced world's largest corporate investment program. The country needs money to pay hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020.
“An agreement over the Falklands is a matter of time”, says world affairs analyst
Analyst of the Investigation Conflicts Unit at The Hague, Ivan Briscoe said that some kind of agreement involving the Argentine claim of sovereignty of the Falkland/Malvinas Islands is only a matter of time.
Ban Ki-moon good offices on Falklands issue if “both parties are willing to engage”
United Nations Secretary General Ban Ki-moon reiterated his good offices to help resolve the Falklands/Malvinas sovereignty dispute between Argentina and the UK, but also pointed out “as long as the parties are willing to engage”.
European crisis could reduce Latin America’s growth prospects by 40%
An aggravation of the European crisis could reduce growth prospects in Latin America up to 40%, said the Inter American Development bank president Luis Alberto Moreno, particularly because of the influence of European financial institutions in the influx of capital to the region.
UN calls to join ‘Save Food’, an initiative to cut down on food losses and waste
The United Nations Food and Agriculture Organization (FAO) and key partners called on companies and organizations around the world to join in SAVE FOOD, a global initiative designed to cut down on food losses and waste.
Chile’s ENAP recovers oil concession revoked when Argentina seized YPF from Repsol
Chile's state-owned oil and gas company ENAP, Empresa Nacional del Petroleo, recovered the Southern Argentine concession revoked in March by Chubut province, when the dispute over YPF, ENAP said in a statement Friday.
Cameron will personally present Falklands message to Kirchner
By Graham Bound, London - Argentina's President Cristina Fernandez will get her wish on Monday or Tuesday, when she meets Prime Minister David Cameron in the fringes of the G20 meeting in Mexico to talk about the Falkland Islands.
UN Economic commission forecasts 3.7% growth in Latam and Caribbean this year
The latest ECLAC report, “Macroeconomic report on Latin America and the Caribbean, Jun 2012” shows that activity in the first months of this year has been stronger tan in the second half of 2011 despite considerable global uncertainty and volatility.
The report estimates Latam and Caribbean growth for this year at 3.7% compared to 4.3% in 2011.
Chilean Lower House votes unanimously to end “copper law” that finances the military
Chilean Defence Minister Andrés Allamand achieved this week a unanimous vote in the Chamber of Deputies for the proposal to change the funding system for the Armed Forces. The proposal, should it gain approval in the Senate, would put an end to the so-called “copper law,” which has been in effect since 1958.
Chile’s leaves basic rate unchanged at 5%; annual inflation in May, 3.1%
Chile’s central bank kept its benchmark interest rate unchanged at 5% for a fifth consecutive month as inflation in the world’s top copper producer eased and unemployment continued to decline.
