Brazilian state-run oil company Petrobras's Argentine unit Petrobras Energía SA plans to invest more than two billion dollars over the next five years in Argentina and start this year exploring oil on Argentina's territorial sea, Petrobras Energía new Director General Carlos Fontes said.
Headlines: Royal visit; Vet hopeful of reindeer recovery; Holberg en route to Monte; This week's cruise visitors.
The value of cellulose rose to 735 US dollars per ton this week, according to industry indicators, the highest price for cellulose since February 16th, 1996
The Chinese economy expanded 10.5% in 2006, the fourth year running it has been growing at double digit pace revealed on Friday Ma Kai head of the powerful Development and Reform Committee, NDRC.
With the purpose of ensuring in 2007 an inflation of one digit, the Argentine government announced subsidies for items making up the basic food basket to be partially financed with additional taxing on soybean exports.
Argentina's Central Bank said yesterday that bills that have been stamped the legend Oust Botnia amid a dispute between Argentina and Uruguay over a Uruguayan pulp mill †and that in hundreds of cases have been retained by cashiers as false †are fully valid and cannot be rejected by anyone or retained by banks.
Argentina in the first 11 months of last year exported 550,000 tonnes of fresh and processed sea and river fish and seafood for 1.15 billion dollars, more than in the 12 months of 2005, when it sold abroad 445,000 tonnes for 799 million dollars, the SENASA phytosanitary watchdog said in a report yesterday.
Chile receives its fair share of high-profile visitors, from heads of state, to world famous rock musicians to Hollywood movie stars. Rarely, though, does the country play host to true royalty, much less to a key member of Great Britain's House of Windsor.
An expected dampening of the world economy in 2007 after three years of healthy growth has the weakening US housing market primarily to blame, a UN economic report released yesterday said.
The Argentine stock market is expected to continue growing this year but not to match the 35 percent rise that placed it among the world's ten top performers last year, among other reasons,
because that increase was mainly based on a 110-percent rise in steel company Tenaris, something that is unlikely to be duplicated, brokers told MercoPress