Stories for 2011

Wednesday, August 31st 2011 - 19:45 UTC
Panama has an estimated 900 million barrels of oil in two basins, confirm surveys

Some 900 million barrels of oil have been detected at two basins in eastern Panama, representing a potential contribution to the country’s coffers of 15 billion dollars over 20 years, the National Energy Secretariat announced.
Wednesday, August 31st 2011 - 19:40 UTC
Venezuela economy expands 2.5% in 2Q, down from 4.8% in first quarter

Venezuela’s second quarter (2Q) Gross Domestic Product (GDP) was 2.5%, below the expectations of the Government and below the first quarter GDP’s 4.8% rate, probably indicating that the Government’s effort to prop the economy via fiscal spending is losing steam.
Wednesday, August 31st 2011 - 19:37 UTC
Colombia Defence minister resigns; deep reshuffle in forces anticipated

Colombia's Defence Minister Rodrigo Rivera resigned Wednesday amid growing criticism of the security forces and increasing attacks by the narco-terrorist rebel groups in the country. Last week it was also revealed that the number of ‘disappeared’ in Colombia is almost 62.000.
Wednesday, August 31st 2011 - 19:24 UTC
Britons and French most pessimistic about economic prospects shows Ipsos Mori world survey

Britons are among the most pessimistic in the world about their country’s economic prospects, it was revealed this week. Just 9% of respondents in the Ipsos MORI survey expect an improvement in their economy in six months’ time, a figure only beaten by the French with 3%.
Wednesday, August 31st 2011 - 09:03 UTC
Humala becomes Wall Street ‘darling boy’, and S&P raises Peru’s foreign debt rating

Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.
Wednesday, August 31st 2011 - 09:00 UTC
Dissenting Fed member pledges unity but makes different reading of data available

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota signalled he would not attempt to annul the Fed’s commitment to keep interest rates near zero through mid-2013.
Wednesday, August 31st 2011 - 08:57 UTC
Final voting results from August 14 Primary confirm CFK landslide

Argentine Interior Minister Florencio Randazzo announced Tuesday the final voting results of the primary elections that took place last August 14th, with President Cristina Fernández de Kirchner leading the presidential race by a 50.24% of the votes.
Wednesday, August 31st 2011 - 08:56 UTC
Cuban Ladies in White claim they are victims of (government sponsored) violent acts

Leaders of the dissident group Ladies in White asked the Catholic Church on Tuesday to intervene before the Cuban government to end what they described as violent acts against them and other human rights activists.
Wednesday, August 31st 2011 - 08:51 UTC
World’s largest beef producer relocates operations to save on taxes

The world's largest beef producer, Brazil's JBS, will shift its meat packing operations to other locations where it operates in the country, to reap tax savings, the company said on Tuesday.
Wednesday, August 31st 2011 - 08:48 UTC
Kenya Airways purchases 10 Embraer 190 with an option for another 16

Kenya’s Airways (KQ), the east African country national carrier announced it has signed a contract for acquisition of 10 Embraer 190 jets in a deal that includes the purchase rights for 16 jets from the company.