Stories for 2012

Friday, August 3rd 2012 - 07:10 UTC
Bolivia seizes silver and indium mine operated by Canadian firm

Confirming the growing trend in several South American countries, Bolivia expropriated a silver and indium mine operated by a local unit of Canadian firm South American Silver, a move criticized by Ottawa and likely to scare off foreign investors.
Friday, August 3rd 2012 - 07:01 UTC
Petrobras and BP discover oil in deep-water at the northeast basin off Ceara

Brazil’s government controlled oil and gas corporation Petrobras and Britain’s BP announced the discovery of oil in a deep-water offshore well in a new area for exploration off Brazil's northeast coast, according to a securities filing on Thursday.
Friday, August 3rd 2012 - 00:11 UTC
Trial of the century takes off in Brazil; at stake Lula da Silva’s legacy

Seven years after a corruption scandal rattled the government of former President Lula da Silva, Brazil's Supreme Court began on Thursday a landmark trial that could mar the wildly popular leader's legacy.
Thursday, August 2nd 2012 - 22:57 UTC
Argentina’s noose on Falklands: Buenos Aires province bans UK flagged vessels

In what is seen as another step of Argentina’s noose-tightening of the Falkland Islands’ economy and development, the Buenos Aires Province Senate passed a law on Thursday banning British flagged vessels from calling at Argentina’s largest province ports.
Thursday, August 2nd 2012 - 07:38 UTC
Paraguay urges OAS to take a position on the country’s situation

Paraguay urged the Organization of American States, OAS, on Wednesday to say whether it will be taking measures or not against the country following the removal of Fernando Lugo from the presidency, a political incident that has reverberated in the whole continent.
Thursday, August 2nd 2012 - 07:31 UTC
YPF after Chinese cooperation for development of Vaca Muerta shale deposits

Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.
Thursday, August 2nd 2012 - 07:26 UTC
Argentina admits slower economy; blames global crisis, drought and Brazil’s low growth

Argentina acknowledged the slowing down of the economy as the result of the global crisis, prolonged drought and a lesser growth rate from Brazil, according to a report from the Central Bank released this week.
Thursday, August 2nd 2012 - 07:20 UTC
IMF praise for Brazil’s financial system but warns of home-grown risks

Thanks to sound policies and built-in cushions, Brazil’s financial system weathered the global crisis that began in 2008 remarkably well, but now policymakers need to monitor for signs of home-grown financial trouble, the IMF said in its later report.
Thursday, August 2nd 2012 - 07:08 UTC
Chilean opposition remains divided ahead of October municipal elections

Chilean opposition registered its candidates at the Electoral Service for the coming municipal elections in October but was unable to reach an overall agreement to face the ruling conservative parties.
Thursday, August 2nd 2012 - 07:04 UTC
Massive capital outflow in Spain: €163 billion left in five months

Capital outflows from Spain more than quadrupled in May to €41.3 billion compared with May 2011, according to figures released on Tuesday by the Spanish central bank. In the first five months of 2012, a total of €163 billion left the country, the figures indicate. During the same period a year earlier, Spain recorded a net inflow of €14.6 billion.