Argentina's Patagonian hydrocarbons rich province of Chubut announced this week the discovery of new oil deposits that will help double the province's production, anticipated Governor Mario Das Neves.
Argentina fisheries exports dropped in volume and value in 2007 according to the latest release from the country's Nacional Food Safety and Quality Service (SENASA). Exports totaled 505.794 tons of fish and shellfish valued 1,027 billion US dollars which is 13% and 14% below 2006.
A South Georgia fishery has become the 50th fishery currently undergoing public full assessment under the Marine Stewardship Council (MSC) standard for sustainable and well-managed fisheries.
Chile's foreign direct investment in 2007 reached its highest level in the past 10 years, according to the Santiago Chamber of Commerce (CCS). Of 4.689 billion US dollars in Chilean capital invested outside Chile, 26%, or 1.236 billion dollars, ended up in Peru.
Venezuelan President Hugo Chavez claimed that United States and Colombia were plotting an incident that would spark a war with Venezuela. The charges, supported by alleged troop movements in the border area caused fear among the civilian population of the neighboring countries.
International Monetary Fund Director General Dominique Strauss-Kahn called for a serious response to the risk of a United States recession and encouraged fiscal stimulus programs in some countries warning that monetary policy is not enough. He also supported more multilateral regulation.
Headlines: Bad weather = £184k loss; An end to Tamar's delay?; Dockyard project moves on; Dorada's future unclear; Mini Sports this weekend.
Brazil's government managed oil company Petrobras announced this week the discovery of a huge second natural gas field 290 kilometeres off the coast of Rio do Janeiro and 40 kilometeres north of the Tupi field which is thought to be one of the largest discovered in the past twenty years.
Colombian president Alvaro Uribe has an 80% support, the highest since taking office back in 2002, according to the latest public opinion polls released this week. The previous poll in November showed Uribe with a 74% support and 14% negative response.
Economic turbulence largely due to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in 2008, the International Labour Office (ILO) said Thursday in its annual Global Employment Trends report (GET).