Uruguayan president Jose Mujica and his Argentine peer Cristina Fernandez de Kirchner will meet in Buenos Aires the day after the International Court of Justice rules on the pulp mill dispute which has soured bilateral relations between the neighbouring countries since 2006.
The Inter-American Development Bank, IDB, announced Friday its intention to increase its financing for renewable energy and climate-related projects to 3 billion US dollars a year by 2012.
Increased external financing requirements to cover reconstruction costs triggered by the earthquake and tsunami of February 27 will shift Chile’s external position from capital exporter in 2009 (largely the result of its dynamic private pension system) to capital importer this year and next, according to the Institute of International Finance, IIF.
Foreign capital inflow to Latinamerica should increase by 21% this year over 2009 particularly because of Brazil and Mexico anticipates the Institute of International Finance, the world’s largest bankers’ association.
Exxon-Mobil has completed an extended-reach well offshore southern California, which it claims is the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig.
Millions of passengers have been stranded in Europe as air traffic controllers cancelled 16.000 flights Friday after a huge ash cloud spread from an Icelandic volcano covering much of the northern continent.
Goldman Sachs, the Wall Street powerhouse, has been accused of defrauding investors by United States’ financial regulator. The Securities and Exchange Commission (SEC) alleges that Goldman failed to disclose conflicts of interest.
Rockhopper Exploration (AIM: RKH) has spudded its 100% owned Sea Lion 14/10-B exploration well in the Licence PL032 in the North Falkland Basin. Once drilling is complete, Sea Lion’s results will be eagerly anticipated among investors following the prospective Falkland oil and gas play.
Nick Clegg, a rank outsider to become Britain's next prime minister, upstaged the two main candidates in an unprecedented televised debate on Thursday, according to snap polls of viewers.
FISHING companies are celebrating the best loligo season for ten years, with catches over the past seven weeks exceeding 28,000 tonnes.