The Chilean Navy rescued 61-year-old Australian skipper Shane Freeman after his yacht Mushka was knocked down and dismasted 300 nautical miles west of Chile. The Australian was on his way to the Sunday Times Golden Globe race’s start line in the UK in his Tradewind 35 class yacht when the incident happened on 18 February 2017.
Rising output from Brazil’s sub-salt offshore oil fields is allowing Petrobras to export record volumes of oil and import less light crude for its refineries, a senior executive said. Cláudio Mastella, executive manager for refining and natural gas logistics, said the move is helping to reduce Petrobras’ operational and logistical costs because lighter oil is easier and cheaper to refine into products like gasoline and diesel.
Argentina will get rid of a 35% tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies.
Tension mounted as vote counting in Ecuador's presidential election dragged into a third day on Tuesday, with supporters and opponents of outgoing President Rafael Correa trading heated accusations. With the last ballots trickling in from Sunday's election, ruling party candidate Lenin Moreno had a little over 39% of the votes and an almost 11-point lead over conservative Guillermo Lasso, a former banker who finished second.