Stories for 2012

Friday, May 11th 2012 - 02:31 UTC
Falklands’ Desire Petroleum stake in oil discoveries worth 900 million dollars

The North Falkland basin explorer Desire Petroleum has revealed the findings of an economic assessment of the group’s stake in the Sea Lion oil discovery, based on a high level development concept and economic review by Senergy from the UK.
Friday, May 11th 2012 - 01:24 UTC
Brazil underlines the “great political convergence” with Argentina in spite of trade differences

Foreign Minister Antonio Patriota praised the “great political convergence” between Argentina and Brazil and assured that any existing problems related to the bilateral trade “do not tarnish this very strong reality.”
Friday, May 11th 2012 - 00:16 UTC
Brazilian navy successfully tests Exocet missile with engine manufactured in the country

The Brazilian navy successfully tested an Exocet MM40 missile totally designed, developed and manufactured in the country by Avibras and with the support from the European group MBDA, partly owned by BAE Systems.
Thursday, May 10th 2012 - 20:26 UTC
China’s trade feeling the pinch of EU recession and US anaemic recovery

China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.
Thursday, May 10th 2012 - 20:18 UTC
Europe at risk of Japanese-style ‘lost decade’ claims Dutch central bank

Europe is at risk of a Japanese-style “Lost Decade” of low economic growth, weak consumer spending, poor company investment and tougher borrowing conditions, the Dutch central bank said on Thursday.
Thursday, May 10th 2012 - 20:08 UTC
Bank of England forgets stimulus and targets inflation in spite or recession

Bank of England policymakers on Thursday decided against pumping more cash into Britain's recession-hit economy, preferring to sit tight after a surprise spike in inflation.
Thursday, May 10th 2012 - 20:03 UTC
Cristina Fernandez looks for new friends: Hollande and Putin

Argentina’s Cristina Fernández spoke to French president- elect François Hollande and newly elected Russian president Vladimir Putin to congratulate them on their wins and agreed to meet them both in the next G20 meeting in Mexico.
Thursday, May 10th 2012 - 19:57 UTC
Industrial sales and employment in Brazil gradually picking up

Brazil's use of installed industrial capacity fell for a second consecutive month in March, despite a continued recovery of industrial sales during the period, Brazil's National Confederation of Industries, CNI, announced.
Thursday, May 10th 2012 - 19:52 UTC
Brazilian strategy to lower value of its currency seems to be working

Investors pulled 1 billion dollars out of Brazil last week as Euro-zone debt fears continue to spook markets and the Brazilian government shows little sign of changing its hefty intervention policies.
Thursday, May 10th 2012 - 19:47 UTC
Colombian group interested in HSBC assets in Peru, Uruguay and Paraguay

Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay