Stories for 2014

Thursday, September 18th 2014 - 06:25 UTC

Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

Libra, the first of Brazil's pre-salt fields to have been auctioned off, holds reserves estimated at between 8-12 billion barrels of recoverable crude

Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.

Thursday, September 18th 2014 - 06:13 UTC

Brazil's Embraer sells 50 E-175 jets, 70/134 pax segment, to Republic Airways

“We have long and successful relationships established with Republic & United. The new contract further strengthens these bonds” said Embraer CEO Silva

Brazilian aircraft manufacturer Embraer said on Wednesday it has reached an agreement to sell 50 E175 jets to U.S. regional operator Republic Airways Holdings for 2.1 billion dollars.s6u

Thursday, September 18th 2014 - 06:08 UTC

Emma Watson draws hundreds of young fans in Montevideo during the UN goodwill visit

During the conference promoting women at the Uruguayan parliament, sitting next to Vice-president Danilo Astori.

British actress Emma Watson drew hundreds of young fans on Wednesday as she visited Uruguay's Legislative Palace to promote women's participation in politics in her new role as a UN goodwill ambassador.

Thursday, September 18th 2014 - 05:51 UTC

OAS observers for Peru's regional and municipal elections on 5 October

Uruguayan former minister and currently Senator Sergio Abreu will lead the mission to Peru

The Organization of American States (OAS) and Peru´s National Elections Jury (JNE) signed the Agreement on the Electoral Observation Process of the Mission that the OAS will deploy in the country to observe the regional and municipal elections to be held on October 5.

Thursday, September 18th 2014 - 05:46 UTC

US dollar at new record in Argentina; Kicillof blames 'holdouts' and the US embassy

The 'blue' dollar closed trading at 15.10 Pesos, with the gap between the two rates increasing to approximately 80%

The informal rate of the US dollar hit a new historic peek on Wednesday in Argentina, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Economy minister Axel Kicillof blamed the 'holdouts' and the US embassy for the latest surge.

Thursday, September 18th 2014 - 05:30 UTC

Fed evasive about when it will begin to raise interest rates, “considerable time”

Yellen disappointed some when she said there was no “calendar date” for a rate rise. US markets however were reassured and Dow Jones closed at a record high.

The US Federal Reserve has reiterated that it will raise interest rates once a “considerable time” has passed after its stimulus program ends in October. The announcement came at the end of a two-day meeting of the central bank's policy committee in Washington DC.

Thursday, September 18th 2014 - 05:14 UTC

Philip Morris determined to make its legal battle over cigarette labeling with Uruguay, a lesson for other countries

PM believes Uruguay's requirement to cover around 80% of the cigarette packaging with medical warnings and graphic images is violation of a treaty law

Whether you’re a Marlboro man or a Benson & Hedges smoker, if you pick up a pack in the South American nation you will be greeted by an image of decaying teeth, premature babies, horrific hospital scenes or some other terrifying scenario.

Thursday, September 18th 2014 - 05:03 UTC

Falklands oil company is ready to begin drilling at the end of 2015 first quarter

In all, FOGL expects to take part in a five-well drilling program that will target more than 1.3 billion barrels of oil off the Falkland Islands

Falkland Oil and Gas Limited (FOGL) reported this week that it is making progress with its preparations for its next drilling campaign, which is scheduled to start during the first quarter of 2015 off the South Atlantic Falklands Islands.

Thursday, September 18th 2014 - 03:08 UTC

The Scottish referendum

The British pound would start to fall against other currencies, not because Scottish independence, but because the markets hate uncertainly.

By Gwynne Dyer - If the Scots vote “yes” to independence on Sept. 18, as one opinion poll now suggests they will, three things are likely to happen in the following week.

Thursday, September 18th 2014 - 02:55 UTC

NZ About 142,000 people from 180 countries watched streaming footage of the squid examination on the Internet

The squid is a female, and its eight arms are each well over a meter long. Its two tentacles would have been perhaps double that length if not damaged.

It was a calm morning in Antarctica's remote Ross Sea, during the season when the sun never sets, when Capt. John Bennett and his crew hauled up a creature with tentacles like fire hoses and eyes like dinner plates from a mile below the surface. A colossal squid: 350 kilograms, as long as a minibus and one of the sea’s most elusive species.

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