Brazil's state-owned telecom provider Telebras signed a 560m dollar contract to deliver a satellite for secure communications on Thursday, following months of outrage over revelations of US cyber spying. A statement said a joint venture between Telebras and Embraer would deliver the geostationary satellite for strategic communications by late 2016.
Premier Oil expects to raise at least £100 million in a bond offer scheduled to close on 6 December. The FTSE 250 oil and gas company, with interests in the Falkland Islands, the North Sea, and South-East Asia, said its 5% sterling bonds auction has already built a book value of at least £100 million.
Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.
Mercosur must have greater integration, act with an only voice and operate as a block, advised former French president Nicholas Sarkozy at a business conference in Buenos Aires, where he also underlined that without the European Union, France or Germany could have disappeared from the world map
Outraged British members of Parliament from across the political spectrum reacted with disbelief to the explanations provided by the Spanish Government on the UK diplomatic bags incident at the Gibraltar border and called on the British Government to take a tougher stance in response.
Venezuela is evaluating a swap agreement involving gold reserves as a way to fortify dollar supplies in a country which suffers chronic product shortages and inflation close to 55%. Opposition leader Henrique Capriles said last week that the government was negotiating a swap operation with Goldman Sachs involving 1.45 million ounces of gold worth around 1.86 billion dollars.
A truck with fourteen cameras with a 360 degree angle and a range of eight kilometers plus a fourfold increase in police numbers has been displayed along Rio do Janeiro most iconic beaches following an outbreak of 'arrastraos' or dragnets in which tens of teenagers stampede on to beachgoers to steal whatever they can get hold off.
Argentina has threatened oil firms seeking to operate off the Falkland Islands with 15-year jail terms, huge fines and confiscation of assets in a fresh salvo in the dispute with Britain over South Atlantic islands sovereignty. But UK reiterated that Argentine law does not apply to Falklands or British Overseas Territories.
Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.
Argentina has again contracted Russian polar vessel “Vasily Golovnin” for the supply of its Antarctica bases and stations this coming summer season. The 24.4 million dollars package also includes ice-breaker 'Dranitsyn' and two heavy load helicopters Kamov KA32 which will making most the hardest work in the extreme south outposts