Stories for April 2010

Thursday, April 15th 2010 - 17:14 UTC
Petrobras completes global presence by acquiring stake in Australian block

Brazilian government managed energy giant Petrobras announced it acquired a 50% stake in an exploration block in Australia with significant natural gas potential. Petrobras acquired the stake from MEO Australia for 39 million USD.
Thursday, April 15th 2010 - 17:11 UTC
Venezuela plans to invest 120 billion USD in developing Orinoco heavy crude

Venezuelan Energy and Oil Minister Rafael Ramirez said some 120 billion USD will be invested over the next seven years in the Orinoco Belt, which the U.S. Geological Survey says is the largest petroleum accumulation it has ever evaluated.
Thursday, April 15th 2010 - 17:08 UTC
Paraguay retains Taiwan diplomatic links and opens trade office with Beijing

Mercosur member Paraguay is reconsidering the terms of its relation with Taiwan, “retaining diplomatic links” but at the same time establishing “formal economic relations with Beijing”, said the country’s Foreign Affairs minister Héctor Lacognata.
Thursday, April 15th 2010 - 17:07 UTC
Spain’s high unemployment a threat for financial system, warns top banker

Spain’s high unemployment is the biggest threat facing the country’s banks, the governor of the Spanish central bank said this week. With the jobless rate approaching 19%, Miguel Angel Fernandez Ordoñez said Spanish politicians need to approve labour reform “soon and with the broadest possible consensus”.
Thursday, April 15th 2010 - 16:01 UTC
Uruguay's Ministry of Tourism warmly welcomes the UruguayNow project

www.UruguayNow.com is the first constantly updated internet travel guide in English dedicated solely to Uruguay. It launched at the country's Ministry of Tourism on 13 April.
Thursday, April 15th 2010 - 05:53 UTC
Argentina to resume nuclear program in cooperation with Russia

Russian President Dimitri Medvedev met with President Cristina Fernández de Kirchner to commemorate 125 years of bilateral relations between Argentina and Russia and to sign several cooperation agreements in different fields including helping Argentina to develop its nuclear program.
Thursday, April 15th 2010 - 05:50 UTC
China’s Sinopec expected to invest in Brazilian offshore oil blocks

China's Sinopec will buy stakes in two Brazilian offshore blocks from state-run Petrobras, local media reported Wednesday, as part of a cooperation agreement to be signed during a visit by China's president to Brazil.
Thursday, April 15th 2010 - 05:45 UTC
Kirchner victory as Senate ratifies nomination of Central Bank governor

The Argentine Senate finally approved the nomination of economist Mercedes Marcó del Pont as president of the Central Bank, post for which she was named by President Cristina Fernandez de Kirchner last February.
Thursday, April 15th 2010 - 05:39 UTC
BRIC leaders arrive in Brazil for two-day summit in anticipation of G20

Leaders from the world's four biggest emerging economies --Brazil, Russia, India and China, arrived in Brasilia Wednesday for a two-day summit. It's the second summit of the so-called BRIC countries.
Thursday, April 15th 2010 - 05:30 UTC
Russian sponsored sturgeon farm in Argentina to produce black caviar

Argentina plans to open a Russian-sponsored sturgeon farm to produce black caviar within the next two weeks, according to a press statement released this week by the Argentine province La Rioja.