Investments

Tuesday, April 16th 2013 - 05:55 UTC
‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja

One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.
Tuesday, April 16th 2013 - 03:32 UTC
Investors dumping precious metals: gold fall the biggest since 1980

Gold futures plunged more than 9% on Monday, marking the biggest one-day percentage fall in 30 years and extending losses over the past two sessions to more than 13%, as the precious metal pushed deeper into bear market territory. The June contract for gold settled at 1,361.10 dollars an ounce on the Comex division of the New York Mercantile Exchange, 140.30 or 9.3% lower than the previous session's close.
Monday, April 15th 2013 - 06:39 UTC
Capriles won’t accept presidential result until “every vote is recounted, one by one”

Denouncing election irregularities, Venezuelan opposition candidate Henrique Capriles Radonski demanded a recount and said early Monday that he will not recognize the country's presidential results ”until every vote is counted”. His comments came less than an hour after officials said the man former Venezuelan President Hugo Chavez handpicked to be his successor had won the country's presidential vote.
Saturday, April 13th 2013 - 05:39 UTC
A view from the Falklands on Margaret Thatcher's legacy

By Mike Summers (*)

The reports on the reaction in the United Kingdom to the death of Baroness Thatcher have shown a clear contrast between those who approved of her policies and those that did not. This is understandable and is no doubt true of any prime minister. However, here in the Falkland Islands there is very little difference of opinion. Margaret Thatcher is held in high regard and with deep affection by Islanders, for she is someone to whom we owe much.
Saturday, April 13th 2013 - 05:36 UTC
Brazil determined to lower inflation; Central bank could raise Selic rate at next meeting

Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated. Central bank chief Alexandre Tombini and Finance Minister Guido Mantega said at separate events the government will not hesitate in taking measures to combat high inflation.
Saturday, April 13th 2013 - 05:29 UTC
President Rousseff pledges to double Brazilian per capita income by 2022

Brazilian President Dilma Rousseff said on Friday that the government intends to double per capita income by 2022, when Brazil celebrates 200 years of independence from Portugal.
Thursday, April 11th 2013 - 07:22 UTC
Chilean court suspends construction of world’s biggest gold mine in the Andes

A Chilean court has suspended construction of what would be one of the world's biggest gold mines on Wednesday, accepting a complaint filed by indigenous groups on environmental grounds.
Thursday, April 11th 2013 - 00:35 UTC
Falklands’ oil company completes 3D seismic program and is planning next drilling campaign

Borders & Southern announced this week it has completed the 3D seismic program in the South Falkland Basin offshore the Falkland Islands. The group acquired 1,025 sq km of full fold seismic data collected by the ‘Ramform Challenger’, which will be processed by Petroleum Geo-Services.
Wednesday, April 10th 2013 - 07:33 UTC
Petrobras calls for clear rules to foster investment in shale production development

Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.
Monday, April 8th 2013 - 04:47 UTC
Russia’s Gazprom after Bolivian natural gas; takes 20% stake in Total fields

Russia’s Gazprom will buy a 20% stake in Total SA’s gas fields in Bolivia. Total will retain 60% ownership in the fields, while a unit of Argentina’s Techint Group holds 20”, announced Bolivia’s Energy minister Juan Jose Sosa.