Current Edition

Current Edition
Wednesday, August 27th 2014 - 06:33 UTC

Argentina revokes BONY authorization to operate and act as trustee

Resolution 437/2014 signed by central bank President Fabrega and Superintendent Belmonte, is based on BoNY’s “non-fulfillment of the contract”

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.

Wednesday, August 27th 2014 - 06:24 UTC

Former Colombian president becomes Unasur new secretary general

Samper said he was committed to bolstering democracy, reducing social inequality, support for science and technology and increasing security.

Former Colombian president Ernesto Samper was confirmed as Unasur Secretary General following a consultation of the group's member countries presidents. The announcement had been delayed because a Union of South American Nations summit to be held in Montevideo this month was suspended.

Wednesday, August 27th 2014 - 06:11 UTC

Some 200 million people remain vulnerable in Latam despite lesser poverty

“The pace of social and economic progress is slower now than it has been in the past decade” according to Ms Jessica Faieta

More than 56 million people have been lifted out of poverty in Latin America and the Caribbean in recent years, according to the United Nations Development Program (UNDP). But despite the progress, it warned that some 200m people, or 37.8% of the population, remained vulnerable.

Wednesday, August 27th 2014 - 06:07 UTC

As confidence vanishes, US dollar in Argentina breaks new record: 14.20 Pesos

Minister Kicillof and orthodox banker Fabrega have different approach to economic policy

Despite appeals to national unity from president Cristina Fernandez, the US dollar, Argentina's best test for confidence, climbed 22 cents to a new record in the informal market at the end of Tuesday's trading: 14.20 Pesos.

Wednesday, August 27th 2014 - 02:51 UTC

Chile ready to act as a 'bridge' between Mercosur and the Pacific Alliance

Latin American integration means having “a converging vision so we can be stronger” at global level, said Riveros

Chile is ready to act as a 'bridge' between Mercosur and the Alliance of the Pacific so that Latin American can have a greater presence in the world state, said Chilean Deputy foreign minister Edgardo Riveros during a conference in Sao Paulo at the Lula da Silva think-tank.

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.

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