Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.
Chile’s long-term effort to wean itself away from copper dependency appears to have taken a turn for the worse: economist Hernan Frigolett reported that the booming demand for copper has led to extremely high prices (over US$4 per pound), meaning that copper accounted for 55% of the nation’s exports in the second quarter of 2010.
Brazil is drafting a media bill that is geared to stimulate the participation of common citizens in the communications industry and preventing market rules from governing such a sensitive area, announced Social Communications minister Franklin Martins.
The Cuban government admitted it will have to amend several laws and decrees before implementing a plan of updating the Socialist economic model, the official Granma daily reported this week. This includes eliminating the double currency system.
Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
Type 42 Destroyer HMS Manchester has become the first Royal Navy ship to make an official visit to Cuba since the country's 1959 revolution. The ship landed at the Sierra Maestra pier in Havana on Monday for the beginning of a five-day visit.
The Argentine government admitted that a confidential communication channel with the US on financial operations was interrupted mid 2009 following Washington’s suspicions that data sent to Buenos Aires was used for political purposes.
“The global crisis is not over, nothing has been solved, only patches to avoid the worst effects of a great depression”, according to Carlos Slim, the Mexican tycoon considered by Forbes the wealthiest man on earth, currently in Buenos Aires for a round of conferences.
German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.
A new species of squid has been discovered by scientists during a research cruise in the southern Indian Ocean. The 70cm-long specimen is a large member of the chiroteuthid family.