Stories for August 2011

Monday, August 22nd 2011 - 20:59 UTC
Chavez supporters shave their heads in solidarity with the Venezuelan leader

Supporters of Venezuelan President Hugo Chavez shaved their heads in solidarity with their leader's struggle against cancer. Barbers shaved off the hair of several men and at least one woman while the crowd swayed to a religious song on Sunday as hundreds prayed and sang at a televised event.
Monday, August 22nd 2011 - 20:48 UTC
Argentina’s Falklands claim will not significantly impact oil commerciality, says UK leading bank

The commerciality of the Falkland Islands Rockhopper Exploration’s Sea Lion oilfield development shouldn’t be significantly impacted by logistical problems arising from Argentina’s claim over the sovereignty of the Islands, according to analysts at the Royal Bank of Scotland.
Monday, August 22nd 2011 - 20:32 UTC
Rockhopper spuds new assessment well in Falklands’ Sea Lion Main Complex

Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.
Monday, August 22nd 2011 - 07:57 UTC
Signs of disarray in the Brazilian ruling coalition as president attacks corruption

Brazilian President Dilma Rousseff reached out to political allies to stem a growing rebellion within her coalition after the resignation of a fourth minister threatened to further tense already strained relations.
Monday, August 22nd 2011 - 07:53 UTC
Falklands’ government readies for a decision on a new deep sea port

After a year without any obvious movement on the idea of a new deep sea port for the Falkland Islands it seems that the idea is alive and well and being pursued, quietly in the background. The estimates for such a project vary up to £ 50, £ 60 million.
Monday, August 22nd 2011 - 07:49 UTC
Argentina and Chile jointly promoting tourism to attract more Aussies

Argentina and Chile are jointly promoting their countries in a round of events in Australia with the purpose of drawing more Aussie tourists. The promotion coincides with the recent announcement of Australia’s flag carrier Qantas direct flights to Santiago de Chile.
Monday, August 22nd 2011 - 07:32 UTC
In spite of global crisis, leading Spanish bank optimistic about Latam outlook

In spite of world turbulences the Latin America economy will expand 4.8% in 2011 and 4% in 2012 and 2013 boosted by the high price for commodities and strong domestic demand, according to the Spanish bank BBVA, on its “Latinamerica report”.
Monday, August 22nd 2011 - 07:28 UTC
Argentina expected to approve the use of Bayer GM soy-seeds

Mercosur full member Argentina this week is expected to approve the use of genetically-modified soy seeds made by German company Bayer as part of its push to increase farm production, a top Argentine official said on the weekend.
Monday, August 22nd 2011 - 07:22 UTC
Chavez health and ‘arbitrary laws’ make S&P downgrade Venezuela’s rating

US ratings agency Standard & Poor's downgraded Venezuela's foreign and local currency sovereign ratings by one notch Friday, citing the country's political risk as a credit weakness.
Monday, August 22nd 2011 - 07:19 UTC
Biden tells China US power not waning and anticipates a bumpy 2012

US Vice President Joe Biden rejected views that US power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies. He also anticipated 2012 was a ‘transition year” both for the US and China