Stories for May 2013

Wednesday, May 15th 2013 - 07:46 UTC
Cristina Fernandez pledges she will not propose any constitutional reform

Argentine President Cristina Fernández defended her controversial judiciary reform and announced that deep reforms require “amendments to the Constitution”. However, she emphasized she would not push any initiative in that sense.
Wednesday, May 15th 2013 - 07:38 UTC
Allegations of a network of corruption money involves former president Kirchner

Argentine and Uruguayan magistrates and prosecutors are investigating an alleged network of corruption money, and probably money laundering involving former president Nestor Kirchner and close political and business cronies some of which continue in key positions or proximity to current head of state Cristina Fernandez.
Wednesday, May 15th 2013 - 07:32 UTC
Argentina April inflation 23.67% in 12 months; partial prices-freeze to continue until October election

Argentina’s inflation in April was 1.52% and 23.67% in the last twelve months according to the so called Congress index which is calculated by private agencies and was released on Tuesday.
Wednesday, May 15th 2013 - 07:29 UTC
Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.
Wednesday, May 15th 2013 - 07:24 UTC
Uruguay awards French company contract for 1.2bn dollars re-gasification plant

Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.
Wednesday, May 15th 2013 - 07:21 UTC
Chinese Vice-president asks Venezuelan government for efficiency in joint-projects

Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.
Wednesday, May 15th 2013 - 06:56 UTC
Falklands imposes heavy fine on Taiwanese jigger for ignoring licence conditions

The Falkland Islands Magistrates court last week imposed a heavy fine on a Taiwanese company and the master of the vessel Hua Sheng 626 after admitting to a number of fishing offences, according to a report by Stacy Bragger’s from FIRS.
Wednesday, May 15th 2013 - 06:50 UTC
BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.
Tuesday, May 14th 2013 - 23:13 UTC
Venezuela net importer of gasoline in 2012 because of Amuay refinery fire

Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.
Tuesday, May 14th 2013 - 23:04 UTC
Record FDI year confirms Latam as commodities supplier but with little technology input

Latin America and the Caribbean received last year a record 173.361 billion dollars in foreign direct investment (FDI) (6.7% more than in 2011), despite an international context characterized by shrinking FDI flows worldwide, according to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).