Stories for November 2013

Wednesday, November 27th 2013 - 07:10 UTC
“Capitalists speculate and steal, as we do” admits in a passionate slip Maduro

No end to Venezuelan president Nicolas Maduro oral bloopers. In campaign for the municipal elections of 8 December and in the midst of an economic war on big business of which it accuses of promoting inflation and destabilizing his government, a self confession or “sincericide” (a blend of sincerity and suicide) became the delight of social networks ant twitters.
Wednesday, November 27th 2013 - 07:07 UTC
Premier Oil with operations in the Falklands launches bond to diversify its debt away from banks

FTSE 250-listed energy explorer Premier Oil with strong interests in the Falkland Islands oil industry, launched this week a new bond, as it looks to diversify its debt away from banks.
Wednesday, November 27th 2013 - 07:00 UTC
Cristina Fernandez meets top delegation of German chemistry and oil corporation

Argentine president Cristina Fernandez definitively abandoned strict mourning on Tuesday wearing a white blouse and black trousers in her first interview with foreign business people since her return to the job after 45 days of medical leave because of cranium surgery and cardio-vascular exams.
Wednesday, November 27th 2013 - 06:49 UTC
Petrobras shares plummet on fears that fuel price increases will be further delayed

Brazilian state-run oil firm Petrobras fell to its lowest level in more than a year on Tuesday, pushing the country's stock market to a near three-month low on concerns the government may delay a new pricing policy that could stem losses in the firm's refining division.
Wednesday, November 27th 2013 - 06:43 UTC
Sound fiscal policy is new target of Brazilian economy: subsidies to be lessened

Brazilian Finance Minister Guido Mantega said on Tuesday the government will remove some subsidies and delay tax breaks to keep the country's fiscal policy sound. Likewise the state development bank, BNDES, will stop funding lines for regional government next year.
Wednesday, November 27th 2013 - 06:35 UTC
YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.
Tuesday, November 26th 2013 - 20:55 UTC
Chile turns left again

By R Viswanathan (*) The Leftist coalition candidate Michelle Bachelet won 47% of the votes in the presidential elections held on 17 November while her rightist rival Evelyn Matthei got just 25% votes.
Tuesday, November 26th 2013 - 20:41 UTC
UK and EU have not been firm enough with Spain, claims former Royal Navy chief

Current events in Gibraltar and the continued incursions by Spanish vessels in the Rock's territorial waters were addressed in a strong piece in the Daily Telegraph by the former head of the Royal Navy, Lord Admiral West. This follows calls from British MPs last week for pressure to be brought on Spain within the context of NATO.
Tuesday, November 26th 2013 - 20:34 UTC
Spain prepared to take UK to the EU Court of Justice over Gibraltar waters

Spain’s Minister for Agriculture, Food and the Environment, Miguel Arias Cañete, said Spain would take the UK to the European Court of Justice if the European Commission failed to take action over reclamation works in Gibraltar waters.
Tuesday, November 26th 2013 - 20:27 UTC
EU/US/UK ambassadors openly support Paraguayan prosecutors investigating corruption and abuse in Congress

The United States, European Union and UK ambassadors in Asuncion openly expressed their support for Paraguay prosecutors that have been threatened by members of Congress because they insist in investigating lawmakers that are allegedly involved in corruption cases.