Stories for May 2010

Thursday, May 6th 2010 - 19:34 UTC
France Warns EC on Possible Resumption of Negotiations with Mercosur

After the European Commission proposed the resumption of negotiations with Mercosur, France released a warning message to the European Commission and assured that—if the talks are reactivated—both French and European agriculture would be in danger of a potential damage.
Thursday, May 6th 2010 - 19:32 UTC
Spain Excludes Honduran President from Summit on Pressure from UNASUR

Only days after several UNASUR (Union of South American Nations) representatives said they would not attend the Sixth Latin America, the Caribbean and the European Union Summit if Honduran President Porfirio Lobo was invited, the Spanish Government has decided to exclude him from the meeting, according to sources in the Brazilian Government.
Thursday, May 6th 2010 - 19:23 UTC
Strong Argentine Reaction to Falklands’ Rockhopper Oil Discovery Announcement

The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.”
Thursday, May 6th 2010 - 13:45 UTC
Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.

In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”
Thursday, May 6th 2010 - 12:08 UTC
Falklands: Sea Lion Exploration Well - 14/10-2 Oil Dicovery

Rockhopper Exploration (LON:RKH), the North Falkland Islands Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin.
Thursday, May 6th 2010 - 05:35 UTC
Brazil Announces Financial Institution to Promote and Finance Exports

Brazil on Wednesday announced long-awaited measures to boost exports at a time when the trade surplus in Latin America's largest economy is shrinking rapidly on a yearly basis. The government will create a lender, named EXIM Brasil, to help finance exports.
Thursday, May 6th 2010 - 05:34 UTC
China’s Main Oil Corporation Closes 3.1 Billion Deal with Argentina’s Bridas

China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.
Thursday, May 6th 2010 - 05:23 UTC
Gay Marriage Bill Approved in Argentine Lower House: Good Chances in the Senate

Argentina's lower house passed on early Wednesday after twelve hours of debate a gay marriage bill that will now be considered by the Senate. If approved, Argentina will be among a handful in the world that allows homosexual couples to marry.
Thursday, May 6th 2010 - 03:03 UTC
Several UNASUR Members Could Skip Madrid Summit because of Honduras

Several UNASUR member countries plan to skip the upcoming Latin America, the Caribbean and the European Union Summit (EU-LAC) in Madrid if Honduran President Porfirio Lobo is invited, Ecuadorian President Rafael Correa said in Buenos Aires.
Thursday, May 6th 2010 - 03:00 UTC
Bad Signal: Spanish Government and Opposition Remain on Collision Course

The Spanish government and opposition made on Wednesday an attempt to join forces against the country's economic crisis amid international concern that Spain could be heading for a Greek-style meltdown.