Investments

Investments
Friday, April 1st 2016 - 06:07 UTC

Total/Exxon/Mobil drilling offshore Uruguay a record-deep well; first since 1976

The well was spud at the “Raya/1” prospect in Block 14 by the Maersk/Venturer drilling ship

A consortium led by France's Total and U.S.-based super major ExxonMobil Corp started this week drilling for oil off Uruguay, Industry, Energy and Mining Minister Carolina Cosse announced. Uruguay is totally reliant on imports for its oil and has for decades tried to discover possible hydrocarbons resources both in the continent and offshore.

Friday, April 1st 2016 - 01:30 UTC

Falklands bid farewell to Sea King Helicopters

The local community came to meet and greet the new AAR SAR Helicopters and crew who will replace the RAF Sea King Helicopters.

The Falkland Islands community bid farewell to two Search & Rescue (SAR) helicopters today after over three decades of service. Both the two RAF Sea King helicopters were brought to the capital Stanley today for the local community to say goodbye, as well as meet the crew who man the aircraft. The new AAR helicopter, which will replace the existing RAF SAR service, was also present at the farewell today.

Friday, March 25th 2016 - 05:26 UTC

Unemployment in Brazil reaches 9.5%, the highest level since 2012

The number of people out of work by the end of January rose to 9.6 million — up 6% from the previous three-month period.

Unemployment in Latin America's largest country is at its highest level since 2012, the Brazilian government said on Thursday. Brazil's IBGE statistics bureau said that the jobless rate in the three months through January was 9.5%, compared to the 6.8% in the same period one year ago.

Friday, March 25th 2016 - 05:20 UTC

US government supports Argentine appeal to lift injunctions in its debt dispute

The announcement was made on Thursday, as Barack Obama ends a two-day visit to Argentina during which he expressed his firm support to Macri's administration

In another display of support for the Argentine administration of president Mauricio Macri, the government of the United States affirmed it has “significant foreign policy interests” in finding a “rapid” resolution to the long-standing dispute between Argentina and bondholders.

Thursday, March 24th 2016 - 02:03 UTC

Brazilian Supreme Court emerges with a decisive role in the institutional crisis

“The goal of the falsity is clear: to prevent the carrying out of an arrest order,” against Lula that is under consideration by a lower court, wrote Gilmar Mendes

The Brazilian government's efforts to have former president Lula da Silva into the cabinet of president Dilma Rousseff will have to wait until next 30 March when the Supreme Court is scheduled to hold its next full meeting. The political upheaval and simultaneous legal back-and forth has reached such a pitch that it inspired a bleakly funny website, lulaeministro.com, or “Is Lula a minister?” The site shows only the former president’s face and the words, “At this moment, No.” (Or yes, depending).

Wednesday, March 23rd 2016 - 21:26 UTC

Macri anticipates “mature, constructive relations with the US” and pledges to strengthen Mercosur

“You are at home,” Macri told Obama and underlined his “very important leadership” in terms of a “green agenda”

Argentine president Mauricio Macri at the beginning of the press conference Wednesday midday in Casa Rosada (Government House), highlighted the visit of Barack Obama's to Argentina and said “a stage of mature, intelligent and constructive relations is beginning.”

Wednesday, March 23rd 2016 - 19:19 UTC

Doing business between Uruguay and United Kingdom

Ignacio de Paula, British Consul Katharine Felton, Gabriela Castro-Fontoura, Director of Sunny Sky Solutions and GBUA member, Florencia Malo

The Association of Graduates of British Universities (GBUA) together with the Association of Young Entrepreneurs (AJE Uruguay), organized a panel in which young Uruguayan entrepreneurs spoke about their experiences of doing business with the UK.

Wednesday, March 23rd 2016 - 05:48 UTC

Panel of experts will name the new UK polar research vessel

The state-of-the-art £200m vessel will be launched in 2019 to replace Royal Research Ships (RRS) Ernest Shackleton and James Clark Ross.

The name of a new British polar research vessel will be chosen by a panel of experts, even if the public overwhelmingly votes to call it Boaty McBoatface. Lord West, ex-First Sea Lord, said he was rather proud “silly names” had been suggested but hoped none were chosen.

Wednesday, March 23rd 2016 - 04:07 UTC

Falklands/Malvinas not included in Obama/Macri agenda, says Malcorra

Obama and family will be spending two days in Argentina, in Buenos Aires and in Bariloche. Macri will hold meetings in both cities

Argentine president Mauricio Macri will not bring up the issue of the Falkland/Malvinas Islands during his meetings with visiting president Barack Obama, much less request his mediation in the dispute, according to foreign minister Susana Malcorra.

Wednesday, March 23rd 2016 - 02:14 UTC

Obama magic: from Cuba next to Castro, calls for an end to US embargo and for free and democratic elections

”Sí se puede” Obama told the Cuban people promising a new beginning and recalled his 2008 slogan, “Yes we can.”

Crowning a remarkable visit to Cuba, United States President Barack Obama on Tuesday declared an end to the “last remnant of the Cold War in the Americas” and openly urged the Cuban people to pursue a more democratic future for their nation 90 miles from Miami. He also sent a strong message to his critics back in the US.

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