Stories for June 2011

Saturday, June 11th 2011 - 09:55 UTC
China’s imports soared 28.4% in May with strong demand for oil

China posted a smaller-than-expected trade surplus in May of 13.1 billion US dollars because of soaring imports and weaker global demand growth. Sales to the US and the European Union slumped to their weakest since late 2009, excluding Lunar New Year holidays, underlining the view that the world economy is stumbling.
Saturday, June 11th 2011 - 09:48 UTC
EU challenges and opportunities with Mercosur and Latin America

By Antonio Tajani - The challenges and opportunities in Latin America are dear to my heart. This is the first time in many years that a European Commissioner for industry heads to the region. And it is not by chance that I strongly wished to go, as this was a priority set in my new mandate.
Saturday, June 11th 2011 - 09:38 UTC
Flights from Buenos Aires and Montevideo airports gradually begin to normalize

As the volcanic ash cloud begun dissipating airlines operating from the airports of Buenos Aires, Montevideo, and the south of Brazil resumed some flights Friday afternoon but it will take several days to be back to normal as companies reprogram backlogs.
Friday, June 10th 2011 - 16:33 UTC
Falklands rations seats on the UK airbridge forced by the volcanic ash

The impact of the volcanic ash is straining the Falkland Islands air links with the United Kingdom forcing the rationing of seats for northbound passengers because of the repeated cancelling of the airbridge with Brize Norton.
Friday, June 10th 2011 - 15:32 UTC
Petrobras double-strike: major discovery in US Gulf of Mexico and in Brazil

Lucky week for Brazil’s Petrobras that announced major oil and gas discoveries in the US Gulf of Mexico and off the coast of Spirito Santo in Brazil.
Friday, June 10th 2011 - 15:17 UTC
Uruguay completes 2D offshore geophysical surveying for September’s oil round

In anticipation of Uruguay Oil Round II, scheduled for next September, Singapore based Reflect Geophysical Pte Ltd announced the completion of the survey for the acquisition of geophysical data in the Uruguayan offshore, through the seismic vessel R/V Reflect Aries.
Friday, June 10th 2011 - 05:55 UTC
The South Cone and Falklands remain under the volcanic ash cloud

Uruguay, most of Argentina, the south of Chile and even the Falkland Islands is the South Atlantic are suffering the consequences of the volcanic ash cloud that remains hovering over the region forcing airlines to cancel flights until further notice.
Friday, June 10th 2011 - 05:17 UTC
Chile is China’s “gateway to Latin America” and its unique ally in the region

China Vice-President Xi Jinping arrived in Chile Thursday to forge closer ties with the nation that has branded itself as China's “gateway to Latin America”.
Friday, June 10th 2011 - 05:10 UTC
China and Uruguay sign 17 cooperation accords and 530m USD trade package

Visiting Chinese Vice-President Xi Jinping signed Wednesday in Uruguay 17 cooperation agreements and trade contracts for the purchase of 530 million US dollars in Uruguayan goods before leaving for Chile the third leg of his tour of Latin America.
Friday, June 10th 2011 - 03:56 UTC
Record exports in April helped to lower US trade deficit by 6.7%

Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.