The Chairman at Petrobras, Murilo Ferreira, has taken a leave of absence from his position till November 30. It is speculated that he wants to give his entire attention towards his role as Vale SA’s CEO.
Consumer prices in the United States fell in August as petrol prices dropped and a strong dollar curbed the cost of goods, the US Department of Labor has said. The Consumer Price Index (CPI) slipped 0.1% last month, the first decline since January. But in the 12 months to August, the CPI rose 0.2% after a similar gain in July.
The government of Mozambique is expected to officially declare the country free of landmines shortly after the British mine clearance charity The HALO Trust confirmed it had destroyed the last mine on its last known minefield.
Secret United States indictments obtained by the media have implicated top Bolivian officials in drug trafficking, reigniting the highly charged debate over whether Bolivia is a victim of US political persecution or whether it is becoming a corrupt narco-state.
Chile's government petroleum company, ENAP, announced that based on the production success of its Arenal block in the extreme south of the country, it has reached a natural gas supply agreement with Methanex, the Canadian methanol plant next to Punta Arenas which is one of the region's leading industries.
The Administrative Court of the Argentine northern province of Tucuman has ordered fresh elections for governor, annulling the polls which took place on August 23, in which a close ally of Cristina Fernandez and former Healthcare minister, Juan Manzur allegedly won by a considerable margin.
Labour leader Jeremy Corbyn has told the BBC that he will not campaign for Britain to leave the European Union. Mr. Corbyn said that while policy was developing he could not foresee a situation where Labor would campaign for a Brexit under his leadership. He has come under growing pressure from Labour MPs to clarify his position.
US Republican presidential hopeful Jeb Bush has picked the UK's former Prime Minister, Margaret Thatcher, as his choice for the face of the $10 bill. The former Florida governor made the surprise suggestion during a televised debate for the top Republicans vying for the presidential nomination.
Brazil's state-controlled Petrobras produced a record 2.69mn b/d of oil equivalent (boe/d) in August, 3.1% increase over July and almost 1% higher than the previous 2.67mn boe/d record set in December 2014, the company said on Wednesday.
President Evo Morales confirmed the discovery of new natural gas reserves at two adjacent fields in southern Bolivia that are managed by a consortium led by Spanish oil major Repsol. The Margarita and Huacaya fields are located in the Caipipendi block, in which Repsol and Britain's BG Group each has a 37.5% stake and Anglo-Argentine oil company Pan American Energy holds a 25% interest.