Stories for 2014

Wednesday, August 27th 2014 - 07:12 UTC
Controversy in Punta Arenas on servicing cruise vessels this coming season

Controversy has erupted in Punta Arenas as to the consequences for the cruise season of the damage suffered by the Mardones jetty after a container vessel crashed into its structure.
Wednesday, August 27th 2014 - 06:51 UTC
Argentina and Chile navies in confidence building exercises in Beagle Channel

Argentina and Chile announced on Monday the launching of the annual naval exercise known as “Viekaren” (confidence in Yamana language) in the extreme south of the continent where the two countries territorial waters meet.
Wednesday, August 27th 2014 - 06:42 UTC
Singer recruits former Secretary of State Albright for its dispute with Argentina

Billionaire Paul Singer, founder and CEO of hedge fund Elliott Management Corporation has picked up some major political muscle to press his case in the long-running debt battle with Argentina, reports the New York Post.
Wednesday, August 27th 2014 - 06:33 UTC
Argentina revokes BONY authorization to operate and act as trustee

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.
Wednesday, August 27th 2014 - 06:24 UTC
Former Colombian president becomes Unasur new secretary general

Former Colombian president Ernesto Samper was confirmed as Unasur Secretary General following a consultation of the group's member countries presidents. The announcement had been delayed because a Union of South American Nations summit to be held in Montevideo this month was suspended.
Wednesday, August 27th 2014 - 06:11 UTC
Some 200 million people remain vulnerable in Latam despite lesser poverty

More than 56 million people have been lifted out of poverty in Latin America and the Caribbean in recent years, according to the United Nations Development Program (UNDP). But despite the progress, it warned that some 200m people, or 37.8% of the population, remained vulnerable.
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.