Stories for July 2014

Monday, July 14th 2014 - 06:07 UTC
US consolidating as world's biggest oil and natural gas producer

$Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking$

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.
Monday, July 14th 2014 - 05:49 UTC
Russia interested in Argentina's shale deposits, says Cristina Fernandez

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Monday, July 14th 2014 - 05:39 UTC
Falklands: Putin calls on UK to sit and talk with Argentina to resolve the dispute

Russia's president Vladimir Putin has got involved in the Falkland Islands row, urging Britain it must sit down with Argentina for fresh talks to resolve the dispute, as indicated by the United Nations.
Monday, July 14th 2014 - 05:24 UTC
Russia offers to build (and finance) two new nuclear power plants in Argentina

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
Monday, July 14th 2014 - 05:19 UTC
With the party over and the Cup in Germany, Brazil's focus returns to domestic problems

Brazil was humiliated when its national team was run over 7-1 at the hands of Germany in the World Cup semifinals and later 3-0 against Holland, but the authorities breathed sighs of relief as the tournament came to a close on Sunday with Germany’s victory over Argentina, amid muted street protests and a display of Brazil’s ability to successfully organize sporting mega-events.
Monday, July 14th 2014 - 05:07 UTC
Brazilians join Germans in celebrating the World Cup and Argentina's defeat

Brazilians bitter about their team's disastrous World Cup celebrated Argentina's defeat to Germany in the final Sunday by dancing and launching fireworks, relieved that their arch-rivals failed to triumph on their soil.
Monday, July 14th 2014 - 04:58 UTC
“Show the world you are better than Messi”, Löw told Götze

“Show the world you are better than Messi and you can decide the World Cup”, German coach Joachim Löw told Mario Götze before sending him to the field, and effectively scoring the only goal of the match that gave Germany its fourth Cup.
Saturday, July 12th 2014 - 11:45 UTC
New state of the art bulk terminal in port of Montevideo in support of Nueva Palmira

The Greek ship-owning Laskaridis family is investing in a new 100m dollars state-of-the-art grain and wood pellet terminal in Montevideo, Uruguay, adding to the already considerable Greek shipping presence in the country, reports London's Trade Winds.
Saturday, July 12th 2014 - 11:21 UTC
Holdouts claim the Argentine government refuses to negotiate with hedge funds

The holdout hedge fund Elliott Management Corp representative emerged on Friday from five hours of meetings in New York with a court-appointed mediator, claiming the Argentine government still refuses to have negotiation years after its historic default.
Saturday, July 12th 2014 - 11:00 UTC
Pollack's hope is that dialogue between holdouts and Argentina will continue

Argentine officials and holdout investors met separately with the New York court-appointed mediator or 'Special Master' for five hours on Friday, presenting their cases in hopes of resolving a litigation on defaulted bonds that has dragged on for years.