Noble Energy the US oil company involved in hydrocarbons exploration in the Falkland Islands has already purchased a temporary dock facility, is looking for a rig to start exploratory drilling in early 2015 and next month begins additional 3D seismic surveying.
Argentine President Cristina Fernandez candidate for the 27 October mid term election in the crucial Buenos Aires province is trailing by eight points his main rival, Sergio Massa who is leading with 41.2% of vote intention according to the latest public opinion poll released by Poliarquía, one of the country’s most respected pollsters.
Brazil's economic debate is heating up after three former central bankers this week criticized the economic policies of President Dilma Rousseff, saying she is making Latin America's biggest economy less efficient and more sluggish.
The United Nations General Assembly elected this week Chad, Chile, Lithuania, Nigeria and Saudi Arabia to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2014. The five countries obtained the required two-thirds majority of those Member States present and voting in the 193-member Assembly.
In an anticipation of what is waiting for whoever wins next month’s presidential election in Chile, thousands of students again took to the streets to demand education reform as they have been doing for several years now.
Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.
Saudi Arabia, in a display of anger at the failure of the international community to end the war in Syria and act on other Middle East issues, said it would not take up its seat on the United Nations Security Council.
Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.
Milan court ruled that former Prime Minister Silvio Berlusconi should be barred from holding public office for two years following a conviction for tax fraud. But, since Berlusconi is a senator, the court's decision will have no immediate effect and his expulsion from the Senate will depend on a separate vote in the upper house of parliament, expected to take place next month.
A fire in Santos ravaged Copersucar's sugar terminal in Brazil, paralyzing operations of the world's biggest sugar trader and putting 10 million tons of export capacity offline for six months or more.