Investments

Friday, August 24th 2012 - 01:19 UTC
Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.
Friday, August 24th 2012 - 01:12 UTC
First half of 2012; “very significant development period” for Falkland Oil and Gas

The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.
Thursday, August 23rd 2012 - 20:39 UTC
Company confirms abundant gas condensate in south Falklands and prepares new drilling program

Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.
Thursday, August 23rd 2012 - 05:59 UTC
Investors wanting safe parking for their money buy 0% German bonds

Germany got bids for 6.24 billion Euros of two-year notes at an auction Wednesday exceeding its 5 billion-Euro maximum sales target, according to a statement from the Bundesbank.
Thursday, August 23rd 2012 - 00:58 UTC
Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.
Tuesday, August 21st 2012 - 22:49 UTC
Argentina hits back at US and will complain in WTO trade barriers on meats and lemons

The Argentine Foreign Ministry on Tuesday hit back at the United States amid various trade barrier complaints and allegations of illegality saying that it would report the country for violating the World Trade Organization’s (WTO) rules for stopping imports of Argentine meat and citrus fruits to the US.
Tuesday, August 21st 2012 - 22:08 UTC
Peru to punish “negationism”, denying a past of killings and destruction by terrorist gangs

The Peruvian government announced that it will be sending Congress a bill that punishes the negation of the terrorist violence suffered by the country during the last decades of the last century. The bill against “negationism” is in ‘support of democracy and a unified front against terrorism’ which is still active in some parts of the country in alliance with the drug lords.
Tuesday, August 21st 2012 - 22:01 UTC
Brazil with the lowest performance in the first half of 2012 among BRIC countries

Russian GDP growth in percentage terms surpassed Brazil in the first half of the year and even if the market still prefers Brazil’s diverse economy over Russia, the South American country is now dead last in terms of economic growth in the big four emerging markets, BRIC.
Tuesday, August 21st 2012 - 19:07 UTC
US and Japan file complaints at WTO against Argentine import licensing rules

The United States and Japan launched on Tuesday complaints against Argentina at the World Trade Organization (WTO), alleging that its import licensing rules discriminate against foreign goods. The two complaints follow similar litigation brought by the European Union in May.
Tuesday, August 21st 2012 - 04:27 UTC
Brazil’s federal staff several months strike extends to the highways police

The Brazilian highways patrol police in several states joined the national strike of federal workers that are protesting for higher salaries and better working conditions. The strike of the National Federation of Highway Police (Fenapre) was decided unanimously over the weekend effective Monday.