Investments

• Thursday, August 22nd 2013 - 00:37 UTC

  China’s CNOOC and Dow in line to sign agreements to develop Argentina’s shale deposits

  

  YPF, the energy company in which Argentina holds a majority stake said its next shale oil and gas partnership will be with a group including China’s Cnooc. A deal is expected to be signed sometime next month.

• Thursday, August 22nd 2013 - 00:35 UTC

  Rio do Janeiro mayor questions Brasilia’s 2016 Olympic Games policy

  

  The mayor of Rio de Janeiro has said it is a shame his city will be hosting the Olympic Games in 2016 because Brazil lacks a sports policy. Eduardo Paes said that his city should not pay for high performance athletes.

• Thursday, August 22nd 2013 - 00:33 UTC

  Fed members agree to slow bond purchases but divided over when to start

  

  The US Federal Reserve members appear to agree on slowing bond purchases by the end of this year if the US economy continues to improve, but remains divided over the exact timing of the move. That's the message from the minutes of the Fed's July 30-31 meeting released Wednesday.

• Wednesday, August 21st 2013 - 18:50 UTC

  Chile/Argentina row: Lan Chile evicted from Buenos Aires metropolitan terminal

  

  Chilean president Sebastián Piñera has instructed Foreign minister Alfredo Moreno to immediately contact Argentine authorities following the decision by the government of President Cristina Fernandez ordering Lan Chile to move out from the metropolitan airport of Aeroparque in Buenos Aires.

• Wednesday, August 21st 2013 - 18:39 UTC

  Sharp decline of oil and gas from off-shore UK is ‘worrying’ says annual report

  

  The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders. Trade body Oil and Gas UK says there is record investment this year of £13.5bn, but its annual report on the industry's economic impact highlights the sharp fall in output of 19% during 2011 and 14% in 2012.

• Wednesday, August 21st 2013 - 18:36 UTC

  Controversy with FIFA over hotel prices for the 2014 World Cup

  

  The Brazilian government has expressed concern that some hotels listed on FIFA website for the 2014 World Cup plan significant price increases during the tournament. Brazil’s tourism board, Embratur, is said to have notified the justice ministry after its research showed that rates will be up to 500% more expensive during the World Cup in some hotels offered by the MATCH Services agency on FIFA website.

• Wednesday, August 21st 2013 - 18:26 UTC

  Al-Jazeera despite ‘aggressive hostility’ launches TV news-channel in United States

  

  Al Jazeera is launching a new TV news channel in the United States. The network will be available in almost 48 million US households, offering 14 hours of news each day. Al Jazeera replaces Current TV, the cable television network founded by former US Vice President Al Gore, which the Qatar-owned broadcaster acquired in January 2013 for around 500m dollars.

• Friday, August 16th 2013 - 18:00 UTC

  Canadian bank abandons Uruguay following raid on its office on request from Argentine judge

  

  The Royal Bank of Canada, RBC, is abandoning Uruguay following a raid in its offices at Zonamerica ordered by a Uruguayan magistrate on request from Argentina during which computers, documents on clients and even cell phones from staff were seized by the intervening party which included on-watching Argentine treasury police.

• Friday, August 16th 2013 - 17:46 UTC

  Ecuador ‘forced’ to drill for oil in pristine Amazon rainforest; ‘rich countries have failed us’

  

  Ecuador has abandoned a conservation plan that would have paid the country not to drill for oil in previously untouched parts of Yasuni National Park in the Amazon rainforest. President Rafael Correa said rich nations had failed to back the initiative, leaving Ecuador with no choice but go ahead with drilling.

• Friday, August 16th 2013 - 03:22 UTC

  Brazilean congress clears the way for sale of giant Libra offshore oil prospect

  

  The Brazilian congress rejected an amendment to an oil-royalty bill that threatened to derail the world's largest-ever sale of rights to develop offshore oil resources scheduled for October 21. The amendment had sought to set the Brazilian government's minimum share of “profit oil” from the sale of the giant Libra offshore prospect and other fields in Brazil's most productive oil area at 60%.