Stories for 2011

Tuesday, November 8th 2011 - 08:13 UTC
YPF announces a billion barrels shale-oil discovery in Argentina

Oil company YPF confirmed Monday the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.
Tuesday, November 8th 2011 - 08:08 UTC
Calls for Peruvian Vice-President to resign on allegations of corruption

Peruvian lawmakers said on Monday that Vice-President Omar Chehade should resign as soon as possible over corruption allegations to put an end to the first political scandal of Ollanta Humala's young presidency.
Tuesday, November 8th 2011 - 08:03 UTC
Emerging nations ready to support the Euro but demand IMF reforms

Major emerging economies are ready to provide financial help to the Euro zone via the International Monetary Fund but in return want commitments to reform the IMF to be implemented, Russian Foreign Minister Sergei Lavrov said Monday.
Tuesday, November 8th 2011 - 07:58 UTC
Rousseff warns about global unemployment; calls for plans to generate jobs

Brazilian President Dilma Rousseff addressing the results of the G20 summit in Cannes, where Brazil was one of the countries represented said that job creation is a way to tackle economic crises.
Tuesday, November 8th 2011 - 07:48 UTC
French ambassador defends Sarkozy’s statements claiming Uruguay is a fiscal haven

The French ambassador in Montevideo, Jean Christophe Potton said that when President Nicholas Sarkozy named Uruguay and ten other countries as ‘fiscal havens’, which could be isolated from the International community, he was speaking in representation of the G20 countries summit in Cannes.
Monday, November 7th 2011 - 05:58 UTC
Rousseff could see another minister out: Labour accused of corruption

Advisers to Brazil’s Labor Minister Carlos Lupi demanded kickbacks from non-government organizations with government contracts, newsmagazine Veja reported Sunday, citing unnamed lawmakers and officials.
Monday, November 7th 2011 - 05:54 UTC
Major oil company sale collapses after Argentina impones forex controls

China’s Cnooc Ltd.'s deal to buy BP Plc's 7.1 billion dollars stake in Argentine crude producer Pan American Energy LLC collapsed, ten days after Argentina's president ordered oil companies to repatriate export revenue.
Monday, November 7th 2011 - 05:49 UTC
Cuba opens in Washington a bar in honour of Ernest Hemingway

The Cuban Interests Section in the US capital has opened an invite-only bar in honour of the US writer Ernest Hemingway, who spent considerable time in Cuba during the 1940s and 1950s.
Monday, November 7th 2011 - 05:45 UTC
The Peronist and Kirchner fad reaches a set of different beer blends

Peronist militancy in Argentina has now reached beer brands with the presentation of different names dear to followers of the country’s main political force: “Evita”, “17 de Octubre”, “Montoneros” and “Doble K”.
Monday, November 7th 2011 - 05:43 UTC
Argentine car exports felt in October the cooling of the Brazilian market

Argentina's car makers, a key pillar of the industrial sector, saw production cool in October from the record levels seen in recent months as demand from neighboring Brazil dropped off.