Petrobras declared the commencement of production from the Cidade de Saquarema floating production, storage and offloading (FPSO) vessel at the Lula oil field on Jul 8. The offshore oil field is situated in the pre-salt Santos Basin and most importantly, the Cidade de Saquarema unit is the tenth FPSO that is working in the pre-salt region of Brazil.
Brazil's lower house of Congress elected an ally of interim President Michel Temer as its new speaker late on Wednesday, marking a victory for a government racing to approve unpopular economic reforms. Rodrigo Maia of the right-leaning Democrats party, known as DEM, won the second round ballot by a wide margin in a hotly contested election.
Brazil's suspended president Dilma Rousseff could still wriggle out of a looming impeachment vote, her ally and predecessor Lula da Silva said. Speaking with Radio Jornal, Brazil's most prominent leftist leader said Rousseff's case is not hopeless, despite months of mounting pressure on her to be removed from office.
Argentines held 232.5 billion dollars overseas in 2015, almost 10bn dollars over the previous year, according to the latest report from the country's official Indec stats office. The report, International Investment position is a financial balance account of Argentina with the rest of the world and records the market value of Argentine residents external assets and liabilities.
Mercosur asks Venezuela for 'democratic and human rights gestures' before transferring the group's chair
Mercosur members are requesting from Venezuela concrete gestures in favor of democracy and human rights if they are to consider the transfer of the group's pro tempore chair from Uruguay to Caracas, pointed out Paraguayan foreign minister Eladio Loizaga a day after the group was unable to reach a consensus on the issue that has become particularly controversial when not frustrating.
The number of vessel calls dropped 6.4% and passengers landed 4.1%, during the last 2015/2016 cruise season compared to 2041/2015, according to the final report from Uruguay's Tourism ministry. The number of passenger and crew landed in Montevideo and Punta del Este reached 319.000 having spent an estimate 11.1 million dollars.
By New York Times Editorial Board
This summer, Venezuela was poised to assume the rotating presidency of Mercosur, a trade bloc that includes Brazil, Argentina, Paraguay and Uruguay. But at the urging of Paraguay, Mercosur heads of state are considering blocking Venezuela, at least temporarily, citing the erosion of democracy there.
Mercosur four founding members meeting in Montevideo have been unable to reach a consensus on whether to transfer, for the next six months, the group's pro tempore presidency to Venezuela and decided on a new round of talks next Thursday. Uruguay insists in complying with the charter and calendar, but Paraguay and Brazil question the current government of Venezuela's credentials for the job, and Argentina has an ambiguous position.
Malvinas veterans received a huge ovation and applause when they marched in Buenos Aires closing the main parade that concluded two days of festivities and speeches across Argentina to celebrate the bicentennial of the country's declaration of independence on 9 July 1816.
The port of Buenos Aires is planning a new terminal for the cruise industry with the purpose or recovering lost business estimated at 50% compared to the peak reached in the 2012/2013 season. Likewise for this coming season there will be a drastic reduction in landing and provision costs for cruise companies operating from Buenos Aires.