The mayor of 2016 Olympic host city Rio de Janeiro insisted authorities had the finances to avoid disruption to the summer Games despite Brazil’s recession. Latin America's largest economy is suffering from a deep recession and soaring inflation -- a contrast to the boom times of 2009, when Rio won the right to host the Olympics.
Foreign Minister Susana Malcorra said that the meeting between President Mauricio Macri and his Uruguayan counterpart Tabare Vazquez last Thursday symbolized a “return to normality” for bilateral relations between the two neighbours.
Rockhopper Exploration and Falkland Oil and Gas Ltd have confirmed a significant oil discovery at the Isobel/Elaine project to the north of the Falkland Islands. According to a release from the companies the new 14/20-2 well was a ‘re-drill’ of the prior Isobel Deep well which had to be abandoned prematurely due to operational issues despite encountering oil.
Brazil state-run hydrocarbons giant Petrobras will reportedly present a five-year investment plan next month with a target lower than the US$19 billion plan announced last year. Despite two budget cuts last year, Petrobras' plans for the 2016 to 2020 period will include a further drop, with the cuts expected to come from onshore and shallow-water areas, according to a report in the Brazilian daily Estado de S Paulo.
Falkland Oil and Gas PLC late Tuesday took a step closer to completing the proposed all-share merger with fellow AIM-listed Rockhopper Exploration PLC after its shareholders voted in favour of the deal.
Spanish vertically integrated seafood company Iberica de Congelados (Iberconsa) will invest up to €27 million in its Argentine and Namibian operations, the company's CEO announced. Following its private equity Portobello Capital majority stake acquisition in Iberconsa, the seafood company will carry out a “strong investment plan” to boost Argentina shrimp output and to enhance Namibia's plant capabilities in value-added production.
Emotional Obama calls on citizens to support gun control and defeat the rifle lobby: Republicans furious
An emotional President Barack Obama – at times teary, at others impassioned and angry – urged ordinary Americans on Tuesday to rise up and defeat the well-organized gun lobby in a struggle to cut the carnage of 30,000 killed by gunfire annually in the United States. He accused the gun lobby of holding Congress hostage but called for voters to fight back to so “they cannot hold America hostage.”
The world's first seafloor massive sulfide mining project contract has been signed between Nautilus Minerals Inc, a mining company with headquarters in Canada and Tongling Nonferrous metals group, a state owned Chinese company.
Chilean state oil company ENAP announced the signing of an agreement with Japan's Mitsui & Co. for the development of two power generation projects with combined installed capacity of nearly 1,300 MW.
The Spanish manager of equity Portobello Capital has bought a majority stake in Iberconsa (Iberica de Congelados), the third company in the sector in Spain and the first one to capture and produce frozen hake on board.