Latin America

Friday, March 11th 2016 - 20:47 UTC
Odebrecht's involvement in Petrobras corruption scandal costing the conglomerate dearly

The Odebrecht group of companies, whose top officials have been sentenced to prison for involvement in the corruption scheme of Brazil's largest company Petrobras, has come under strong pressure from its creditors to use the crown jewel, the petrochemical company Braskem as collateral to avoid filing for bankruptcy.
Friday, March 11th 2016 - 05:22 UTC
Purge in YPF; financial expert chosen as successor of Galuccio

Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.
Friday, March 11th 2016 - 05:18 UTC
Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.
Thursday, March 10th 2016 - 21:28 UTC
Catches of Peruvian giant squid are showing a slow recovery: shift of oceans winds

Catches of Peruvian giant squid (Dosidicus gigas) are showing a slow recovery, something that has long been awaited not only by local fishermen and industrialists, but also by the largest processors in Europe and Asia.
Thursday, March 10th 2016 - 06:26 UTC
Falklands' sovereignty issues has been solved, says MLA Phyllis Rendell

The member of the Falklands/Malvinas legislative assembly Phyllis Rendell on a private visit to Paraguay openly stated that the South Atlantic archipelago claimed by Argentina is a British Overseas Territory and underlined that the sovereignty issue was settled with a war between the two sides over thirty years ago.
Tuesday, March 8th 2016 - 07:30 UTC
Malcorra in Bolivia holds talks on energy, drug trafficking, science development and South Atlantic Islands

Issues related to energy, drug trafficking and border controls, science and technology development, plus support for the South Atlantic Islands and adjoining maritime spaces claim, were among the main issues addressed by Argentina's foreign minister Susana Malcorra during her visit to Bolivia where she met president Evo Morales and her peer David Choquehuanca Cespedes.
Monday, March 7th 2016 - 04:34 UTC
Panama wants to be Home Port for cruises, but companies are 'asking too much'

Panama is holding tough negotiations with cruise lines hoping they will return to the country, using local facilities as Home Port, but government authorities admit that the demands from the companies are too high.
Saturday, March 5th 2016 - 08:59 UTC
Malcorra sides with Lula da Silva, “hard to believe” what he's going through

Argentine foreign minister Susana Malcorra sided with former president Lula da Silva arguing that it is hard to believe that a leader with such a record is under a criminal investigation, and underlined that all the economic and political scenario of Brazil has a great impact in Argentina.
Thursday, March 3rd 2016 - 05:11 UTC
EU top official expected in Argentina to bolster Mercosur/EU trade negotiations

Argentine president Mauricio Macri is scheduled to receive in a week's time the European Union head of foreign affairs, Federica Mogherini who is expected to announce that all is ready to begin, next April, formal negotiations for the long-delayed trade and cooperation agreement between Mercosur and the EU.
Monday, February 29th 2016 - 09:16 UTC
Esso to intensify oil exploration in Guyana's Maritime Zone

Oil exploration efforts have intensified following the discovery of commercial quantities of oil in Guyana’s Maritime Zone. Esso Exploration and Production Guyana Ltd. (EEPGL) has commenced a meteorological and oceanographic survey in the Stabroek Block, scheduled to be completed during May 2018.