Stories for June 2nd 2011

Thursday, June 2nd 2011 - 09:44 UTC
Mexico’s oil company sues US firms for trading stolen gas condensates

Petroleos Mexicanos; Pemex, sued 11 US firms over claims they helped Mexican drug cartels smuggle and re-sell more than 300 million USD in natural gas liquids stolen from Mexico’s northern oilfields into the U.S.
Thursday, June 2nd 2011 - 09:36 UTC
Argentina’s second biggest soybean producer expands in Brazil; plans shares sale

Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.
Thursday, June 2nd 2011 - 09:29 UTC
New York sues Federal government on natural gas drilling in Delaware river basin

$Attorney General Eric Schneiderman says ‘fracking’ system could contaminate New Yorkers water source$

New York's attorney general is suing the federal government to compel a full environmental review of proposed regulations for natural gas drilling in the Delaware River Basin.
Thursday, June 2nd 2011 - 09:02 UTC
CFK invites Italian businesses to invest in Argentina; announces “new phase in relations”

Argentine president Cristina Fernandez de Kirchner invited Italian business-people to invest in Argentina underlining the close links between the two countries and the fact her visit was the re-launching of normal relations after a decade.
Thursday, June 2nd 2011 - 08:57 UTC
Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.
Thursday, June 2nd 2011 - 08:52 UTC
US dollar looses 1.85% against the Uruguayan Peso in May; 7.44% in five months

The US dollar continues to slide in the Uruguayan foreign exchange market having lost 1.85% in May vis-à-vis the Uruguayan peso, completing the steepest monthly drop so far in 2011.
Thursday, June 2nd 2011 - 08:46 UTC
Soaring imports push Uruguay’s trade deficit in the first quarter

Uruguay’s trade balance registered a deficit of 790 million US dollars in the first quarter of the year, according to the latest data from the central bank. Exports totalled 1.681 billion USD, up 30.5% over the previous year while imports totalled 2.470 billion USD, up 49.5%.
Thursday, June 2nd 2011 - 08:41 UTC
Argentina passes tough money-laundering bill to avoid “gray list”

Argentina's Senate on Wednesday passed a bill called for by President Cristina Fernandez, CFK, to toughen financial controls and meet global standards on fighting money-laundering.
Thursday, June 2nd 2011 - 08:36 UTC
Argentina bans smoking in public places; forbids advertising of tobacco companies

The Argentine Lower House passed a law that bans smoking in public spaces and forbids advertising, promoting and sponsoring tobacco companies and forces manufacturers to include warnings on the back of all cigarette packs detailing the harmful effects of smoking on health.
Thursday, June 2nd 2011 - 04:38 UTC
Argentina expected to return to international credit markets at the end of 2011

Barclays Capital expects the administration of President Cristina Fernandez might issue bonds on international credit markets towards the end of this year in a bid to prop up Argentina's fast-growing economy.