Leaders of British Overseas Territories, including Falkland Islands Member of Legislative Assembly Jan Cheek met with the British Prime Minister at Number 10 Downing Street on Wednesday afternoon.
Falklands Oil & Gas (FOGL) announced Thursday it had abandoned its Scotia exploration well in the south basin after disappointing results, thus completing its 2012 two-well drilling (Loligo and Scotia) program in the Falkland Islands.
Paraguay must continue suspended from Mercosur following the group’s presidential summit on Friday, anticipated the head of the Latin American desk from the Brazilian Foreign ministry, Antonio Jose Ferreira Simoes.
Economics and finance experts said Latin American must address structural reforms as part of the essential process to consolidate as an economic power and look after the Asian market.
The presence of President Hugo Chavez at Friday’s Mercosur summit is “uncertain” reported the official Brazilian news agency on Wednesday adding that the organizers are waiting for a confirmation of his trip to Brasilia.
Oscar Niemeyer, a towering patriarch of modern architecture who shaped the look of modern Brazil and whose inventive, curved designs left their mark on cities worldwide, died late Wednesday. He was 104.
Spain’s Repsol has sued Chevron Corp. in New York seeking to prevent the US oil giant from developing energy assets in Argentina. The federal lawsuit filed Tuesday follows other legal claims that the Spanish oil company has filed in Madrid and Washington, demanding more than 10 billion dollars in compensation for the majority stake in the YPF oil company that Argentina's government took over in April.
Argentina has filed complaints with the World Trade Organization against the United States over limits on beef and lemon shipments, and against the European Union and Spain for curbs on bio-diesel, Foreign Minister Hector Timerman announced.
President Jose Mujica admitted on Tuesday before the country’s Exporters Union lobby that Uruguay has competitiveness problems and it is ‘not an easy challenge’ but nevertheless 2012 will again be a record year for overseas sales.
The Argentine Government’s acts of intimidation towards cruise companies which have planned to visit the Falkland Islands continues to impact on the Islands tourism industry with a further two ships cancelling their February visits on Wednesday.