Stories for August 2014

Wednesday, August 27th 2014 - 06:07 UTC
As confidence vanishes, US dollar in Argentina breaks new record: 14.20 Pesos

Despite appeals to national unity from president Cristina Fernandez, the US dollar, Argentina's best test for confidence, climbed 22 cents to a new record in the informal market at the end of Tuesday's trading: 14.20 Pesos.
Wednesday, August 27th 2014 - 02:51 UTC
Chile ready to act as a 'bridge' between Mercosur and the Pacific Alliance

Chile is ready to act as a 'bridge' between Mercosur and the Alliance of the Pacific so that Latin American can have a greater presence in the world state, said Chilean Deputy foreign minister Edgardo Riveros during a conference in Sao Paulo at the Lula da Silva think-tank.
Tuesday, August 26th 2014 - 07:35 UTC
Brazilian consumers’ confidence at its lowest in more than five years

Brazil's consumer confidence deteriorated sharply in August to its lowest level in more than five years, the think tank FGV said Monday. The consumer confidence index fell to 102.3 from 106.9 in July. The score was the lowest since April 2009, when it was 99.7. In July, the index had risen strongly from April's 103.8.
Tuesday, August 26th 2014 - 07:26 UTC
Falklands: Premier Oil confirms full commitment to Sea Lion project

Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year’s well on the Chatham prospect confirms that there is no gas cap in the western side of the field.
Tuesday, August 26th 2014 - 07:24 UTC
YPF strikes oil and gas in the Kirchner's province

Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.
Tuesday, August 26th 2014 - 07:18 UTC
Vatican downplays threats on the life of Francis: avoid creating “a climate of terror”

Speaking with Argentina TV stations, Vatican Chief of Ceremonial, Guillermo Karcher played down the threats against Francis saying that “the Pope is not giving substance” to the reports. He explained that the Vatican security measures have not been increased since there has been “no official” threat.
Tuesday, August 26th 2014 - 07:14 UTC
UK embassy apologizes for a cake 'commemorating' torching of White House

The British embassy in Washington has apologized after tweeting a picture of a White House cake surrounded by sparklers, “commemorating” the burning of the building 200 years ago.
Tuesday, August 26th 2014 - 07:10 UTC
Ring of fire hits central Peru and the Napa Valley in California

A magnitude 6.9 earthquake struck central Peru late on Sunday, and no immediate reports have surfaced about significant damage or major injuries. The U.S. Geological Survey originally estimated the earthquake to be a magnitude 7 but has since downgraded it, according to The Weather Channel. The impact was also felt in northern Chile.
Tuesday, August 26th 2014 - 06:53 UTC
Scotland's leader wins the pro independence debate, according to The Guardian

Campaign leaders clashed over Scotland's future in a lively final TV showdown on Monday, with the pro-independence side counting on a knock-out blow to vault a stubborn gap in the polls.
Tuesday, August 26th 2014 - 06:48 UTC
Argentine tax office requests arrest of US company directors for 'fraudulent bankrupcy'

Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called “playing a trick and inventing a fraudulent bankruptcy” for the printing plant located in Buenos Aires province.