Premier Oil, with strong involvement in the development of the Falkland Islands' oil and gas industry is among the winners in the first round of Mexico’s oil and gas privatization. The two licences secured by the London listed oil firm’s consortium were the only assets successfully auctioned by the Mexican authorities.
The International Monetary Fund (IMF) slightly improved its outlook on Argentina’s economy saying the country will grow 0.1% in 2015 and will remain stagnant in 2016. Nevertheless, IMF warned the country is going through a “very delicate” situation and insisted that the improved outlook doesn’t change its views regarding Argentina.
Bolivian president Evo Morales defended his claim of sea for Bolivia and Malvinas for Argentina, during the last of his two-day very militant visit to Argentina before flying late Thursday to Brazil for the Mercosur summit.
The presidents of Argentina and Bolivia have unveiled a statue of Bolivian war of independence heroine Juana Azurduy. The 25-ton, 16-meter-high statue replaces a controversial statue of Christopher Columbus that was taken down in 2013 after ninety years.
In what is described as a major blow to genetic modification of crops, a variety of wheat developed in the UK to repel pests has failed in field trials. The variety engineered to produce an odor that repels aphids, failed in the field test after it was successfully tested in the lab, proving a wide gap between lab and commercial application of the process.
Chief Minister Fabian Picardo explained in detail Gibraltar’s views on self-determination during a ‘cordial’ meeting with Ecuadorian diplomat Xavier Lasso Mendoza, the Chairman of the United Nations Decolonization Committee of 24, in New York on Tuesday, reports the Gibraltar Chronicle.
For the first time in the cruise industry, an American female will take the helm of a mega-ton cruise ship. At 37 years of age, San Francisco native Kate McCue will command Celebrity Summit, a 91,000-ton, 965-foot ship in the Celebrity Cruises fleet, sailing between the eastern United States and Bermuda. As Captain, she will be responsible for the navigation of the ship and the onboard experience of its 2,158 guests and 952 crew members.
Gibraltar Chief Minister Fabian Picardo is in New York for a meeting with the Chairman of the UN’s Decolonization Committee of 24, ambassador Xavier Lasso Mendoza. The meeting arose from the Chief Minister’s intervention before the C24 last month, during which the Ecuadorian diplomat confirmed he had met with a Spanish government minister to discuss Gibraltar, according or a report from the Gibraltar Chronicle.
Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as harsh, but said it was the only way for Greece to remain in the Euro.
Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.