Evelyn Matthei of the right-wing Independent Democratic Union (UDI) and Michelle Bachelet of the left-leaning Socialist Party (PS) partook in their opening head-to-head presidential debate, as for the first campaign in Latin American history two women compete against each other in a presidential election second round.
Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.
The Argentine unit of Brazilian state-controlled oil giant Petrobras said on Monday that it discovered unconventional petroleum in Argentina’s Vaca Muerta formation. The well is part of the Rincon de Aranda concession in Neuquen province, operated by Petrobras Argentina in a 55%/45% partnership with French oil major Total.
Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on Prospects for 2014 and economic challenges for the next government.
Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.
A safety engineer at the World Cup stadium where a giant crane collapse killed two workers allegedly warned his supervisor of possible problems with the operation, only to have his concerns brushed aside, a labor union leader charged on Thursday, as sniping over the accident heated up.
Mining giant Vale has agreed to pay the Brazilian treasury 9.6 billion dollars to settle a decade-long dispute over back taxes, after the country’s tax authority offered to reduce the corporation's original 14.1bn debt.
Brazil's state-owned telecom provider Telebras signed a 560m dollar contract to deliver a satellite for secure communications on Thursday, following months of outrage over revelations of US cyber spying. A statement said a joint venture between Telebras and Embraer would deliver the geostationary satellite for strategic communications by late 2016.
Premier Oil expects to raise at least £100 million in a bond offer scheduled to close on 6 December. The FTSE 250 oil and gas company, with interests in the Falkland Islands, the North Sea, and South-East Asia, said its 5% sterling bonds auction has already built a book value of at least £100 million.
Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.