Current Edition

Current Edition
Tuesday, August 26th 2014 - 07:35 UTC

Brazilian consumers’ confidence at its lowest in more than five years

Tombini said that consumer-price increases in Brazil have remained within the official “tolerance range” for 10 straight years.

Brazil's consumer confidence deteriorated sharply in August to its lowest level in more than five years, the think tank FGV said Monday. The consumer confidence index fell to 102.3 from 106.9 in July. The score was the lowest since April 2009, when it was 99.7. In July, the index had risen strongly from April's 103.8.

Tuesday, August 26th 2014 - 07:26 UTC

Falklands: Premier Oil confirms full commitment to Sea Lion project

Various operators in the Falklands, including Premier have secured a rig on a time-share basis for a rolling exploration/appraisal campaign next year (Pic S. Luxton)

Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year’s well on the Chatham prospect confirms that there is no gas cap in the western side of the field.

Tuesday, August 26th 2014 - 07:24 UTC

YPF strikes oil and gas in the Kirchner's province

“This discovery is the result of innovative works, and it once again honors the explorer DNA of YPF”, president Miguel Galuccio said

Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.

Tuesday, August 26th 2014 - 07:18 UTC

Vatican downplays threats on the life of Francis: avoid creating “a climate of terror”

A Roman daily quoting Italian and Israel secret service sources, said that Pope Francis has become a target of the Islamic States

Speaking with Argentina TV stations, Vatican Chief of Ceremonial, Guillermo Karcher played down the threats against Francis saying that “the Pope is not giving substance” to the reports. He explained that the Vatican security measures have not been increased since there has been “no official” threat.

Tuesday, August 26th 2014 - 07:14 UTC

UK embassy apologizes for a cake 'commemorating' torching of White House

British troops in 1814 led by Maj Gen Robert Ross, attacked and burned public buildings including the Capitol, Washington Navy Yard and the White House

The British embassy in Washington has apologized after tweeting a picture of a White House cake surrounded by sparklers, “commemorating” the burning of the building 200 years ago.

Tuesday, August 26th 2014 - 07:10 UTC

Ring of fire hits central Peru and the Napa Valley in California

The epicenter of the quake was about 26 miles northeast of a region called Tambo, which is more than 290 miles from Lima

A magnitude 6.9 earthquake struck central Peru late on Sunday, and no immediate reports have surfaced about significant damage or major injuries. The U.S. Geological Survey originally estimated the earthquake to be a magnitude 7 but has since downgraded it, according to The Weather Channel. The impact was also felt in northern Chile.

Tuesday, August 26th 2014 - 06:53 UTC

Scotland's leader wins the pro independence debate, according to The Guardian

Salmond accused Darling, a former Chancellor of the Exchequer in a Labor government, of being “in bed with the Tories”.

Campaign leaders clashed over Scotland's future in a lively final TV showdown on Monday, with the pro-independence side counting on a knock-out blow to vault a stubborn gap in the polls.

Tuesday, August 26th 2014 - 06:48 UTC

Argentine tax office requests arrest of US company directors for 'fraudulent bankrupcy'

All the data on the 'fraudulent' bankruptcy has been given to the CNV which this week will be presenting them to the US SEC, said Echegaray

Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called “playing a trick and inventing a fraudulent bankruptcy” for the printing plant located in Buenos Aires province.

Tuesday, August 26th 2014 - 06:42 UTC

Soros group and others file lawsuit against BONY over payments in Euros

The plaintiffs in the latest lawsuit which includes Soros, hold more than €1.3 billion in Argentine debt.

A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.

Tuesday, August 26th 2014 - 06:35 UTC

Argentina will appeal WTO ruling against the use of import restrictions

 Deputy minister Emmanuel Alvarez confirmed the dispute with WTO but said that “Argentine customs are not closed, but looked after”.

Argentina will appeal a World Trade Organization ruling against its use of import restrictions, according to a senior Argentine official. On Friday a WTO dispute panel found against Argentina in a 2012 case brought by the United States, the European Union and Japan relating to Buenos Aires licensing rules used to restrict imports.

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