Falkland Oil & Gas Ltd and associate BHP Billiton have been granted by the Falkland Islands government an extension of Phase I of their northern Falkland licences and should be drilling one exploration well before 15 December 2011, according to a release from the FOGL. BHPB Petroleum (Falklands) is part of the larger Anglo-Australian BHP Billiton resources conglomerate.
Families of 29 of the 33 workers trapped in a collapsed Chilean mine Thursday filed suit against their employer, seeking 29 million dollars in damages, an adviser to the families said.
Ecuadorean President Rafael Correa said he is the target of a coup attempt after police and soldiers protesting wage cuts assaulted him Thursday during a demonstration in the capital Quito. The mutinous forces also cut air traffic at the capital’s main airport.
Integrated Peruvian, Chilean and Colombian stock-exchange operations are set to begin November 22 announced the president of Peru's stock exchange Roberto Hoyle who said that the integration would attract investors and increase competitiveness .The integration will be an important step to increasing attractiveness and competitiveness, as well as greater capital flows, said Hoyle.
Chilean exporters associations of farmers and manufacturers announced they will be requesting government intervention in the foreign exchange market because the “cheap” dollar is threatening their competitiveness edge and profits.
Credit rating agencies need tighter supervision because their activities have a strong impact on funding costs for debt issuers and can affect financial stability, the International Monetary Fund said.
The Food and Agriculture Organization, FAO, forecasts that beef will become an extremely luxury good world wide by 2050 because of soaring production costs.
Soaring carbon emissions from a meat-hungry developing world could be cut back substantially by improving animal breeds and feed, according to a study. Demand for livestock products is predicted to double by 2050 as a result of growing populations, urbanisation and better income in the developing world, leading to rise in emissions from the industry.
United States astronomers have found a new, potentially habitable Earth-sized planet. It is one of two new planets discovered around the star Gliese 581, some 20 light years away, report the Carnegie Institution and the Santa Cruz, University of California.
FIFA the international federation of associate football will implement as of next October first a new computerized system of players’ transfers geared to establish a greater control and help combat money laundering and corruption.