Stories for February 2013

Wednesday, February 6th 2013 - 05:54 UTC
Argentina eases pressure on potash project timetable but denies fiscal incentive

Argentine authorities backed away from a recent ultimatum for Brazilian mining giant Vale to submit a new timeline for its 6 billion dollars Rio Colorado potash mine, giving the company more time to find a solution for the imperiled project.
Wednesday, February 6th 2013 - 05:50 UTC
Brazil and Israeli companies join to develop unmanned aircraft for border control

Brazilian defence contractor Avibras will join plane maker Embraer SA and the local unit of Israeli Defence Company Elbit Systems in developing unmanned aircraft in Brazil, the companies said on Tuesday.
Wednesday, February 6th 2013 - 05:38 UTC
Very poor year for Argentine pears and apples exports last year; 2013 prospects improving

Brazil's high fruit demand didn't prevent the general collapse of Argentine export of pears and apples. The exchange rate lag was a determining factor in this trading debacle, but better prospects are expected for 2013.
Wednesday, February 6th 2013 - 05:33 UTC
US fund sues YPF and underwriters for a misleading and untrue 2011 prospect

Argentina’s oil and gas corporation YPF, seized by the government last year, was sued by an investor who accused the company of making false statements prior to its March 2011 public offering.
Wednesday, February 6th 2013 - 05:19 UTC
MPs call on Timerman “to listen to the people who live in the Falklands”

After a first day of mixed results, Argentine Foreign Minister Hector Timerman Malvinas lobbying in London is looking ahead to a more friendly, less combative two-day scenario at the Argentine embassy with the ‘Pro-dialogue’ group where he plans to promote Argentina’s Malvinas sovereignty claims that reject point blank any dialogue or the right to self determination for the people of the Falklands.
Tuesday, February 5th 2013 - 20:51 UTC
Colombia reaches sustained production of over a million barrels of oil per day

Colombia announced that it produced an average of 1.01 million barrels of oil per day in January, marking the first time that average crude output for a month surpassed the one million-barrel mark that the government had set as a target for the country's oil industry.
Tuesday, February 5th 2013 - 19:33 UTC
Timerman meets Falklands’ lawmaker but dismisses any form of dialogue

Argentine Foreign Minister Hector Timerman dismissed another attempt by Falkland Islands representatives to engage in dialogue and refused to accept a letter addressed to him and a newly published booklet on the Falklands History.
Tuesday, February 5th 2013 - 19:17 UTC
Osborne says with reform bill “no UK government would ever again bail-out an entire bank”

British Chancellor George Osborne has announced the Banking Reform Bill that will not only see savers’ deposits safeguarded but also enforce rules to make it easier for consumers to switch bank accounts.
Tuesday, February 5th 2013 - 17:39 UTC
“Falklands will be under Argentine control within 20 years”, Timerman tells UK media

The Falklands Islands will be under Argentine control within 20 years, Minister Hector Timerman said in an interview with The Guardian and The Independent in London insisting that not one single country in the world supports the UK governing the Falklands.
Tuesday, February 5th 2013 - 17:13 UTC
Petrobras still going strong but 2012 low profits and high debt pound on prospects

Brazil’s government managed oil and gas corporation Petrobras posted a net benefit of 21.182 billion Reais (approx 10.6bn dollars) in 2012, which is 36% below 2011, reported the company in a filing, but in the fourth quarter profits totalled 7.747bn Reais (approx 3.9bn dollars) 53% higher than in the same period in 2011.