Investments

Thursday, August 29th 2013 - 23:54 UTC
Falklands’ Noble Energy exploring for oil in disputed Caribbean waters supported by Nicaragua

On 17 July, Nicaragua announced that US-based Noble Energy would invest 30 million dollars in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration.
Thursday, August 29th 2013 - 03:39 UTC
Neuquen legislature approves YPF/Chevron deal to exploit Vaca Muerta shale reserves

The Argentine Patagonian province of Neuquén legislature approved by a comfortable majority the agreement struck between YPF and Chevron to exploit the Vaca Muerta shale gas reserves, after a day disrupted by fierce protests outside the provincial parliament.
Wednesday, August 28th 2013 - 21:56 UTC
Brazil raises benchmark interest to 9% hoping to rein in inflation

Brazil raised on Wednesday its Selic benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation. The central bank's monetary policy committee, the Copom, voted unanimously for a third straight half percentage point rate rise.
Wednesday, August 28th 2013 - 14:24 UTC
EU Home Affairs Commissioner heads mission to examine Spanish controls at Gibraltar border

Cecilia Malmstrom, European Commissioner for Home Affairs, will be heading the mission tasked with examining border controls imposed on Gibraltar by Spain while a second mission will address the ‘customs dimension’ issue, the European Commission has confirmed. British authorities will be involved in the EC probe of the Gibraltar frontier as will Spanish officials but no date for the visit has been set though it is expected within a few weeks.
Wednesday, August 28th 2013 - 14:22 UTC
UK reaffirms support for Gibraltar; Picardo meets with PM Cameron and Hague

British Prime Minister David Cameron office has highlighted the significance of Chief Minister Fabian Picardo’s visit to No 10 Downing Street as an indication of the relationship and support of UK for Gibraltar.
Wednesday, August 28th 2013 - 14:13 UTC
Falklands’ lawmaker invites Brazilian companies to join Islands oil industry development

The sovereignty issue should be left aside and talks should concentrate on the business opportunities offered by the oil industry in the Falkland Islands, said lawmaker Dick Sawle during an interview with AP in Brazil where he is on a week long visit of business and political contacts.
Wednesday, August 28th 2013 - 01:22 UTC
Mujica and Cristina Fernandez seal peace at a de-sulphuring plant inauguration

Uruguay and Argentina presidents Jose Mujica and Cristina Fernandez seem to have ironed out differences, at least in public and in the pictures, during the inauguration of a gasoline and diesel de-sulphuring plant in Montevideo, which was financed with Venezuelan funds and Argentine technology.
Friday, August 23rd 2013 - 23:22 UTC
Falklands reviewing tax returns from oil industry but confident ‘an acceptable outcome can be reached’

The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.
Friday, August 23rd 2013 - 23:18 UTC
Falklands’ lawmaker begins round of contacts in Brazil’s main cities

Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
Friday, August 23rd 2013 - 23:15 UTC
“Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.