Politics

Tuesday, September 17th 2013 - 20:49 UTC
Brazil completes construction of largest oil offshore platform and can pump 180.000 bpd

A shipyard has completed the construction of the P-55, Brazil's largest offshore oil platform, which will have the capacity to produce 180,000 barrels per day (bpd) of crude, it was announced by officials.
Tuesday, September 17th 2013 - 07:10 UTC
Argentina ratifies interest in Mercosur, but Brazil wants negotiations now

The government of President Cristina Fernandez told the business community on Monday that Argentina has an interest in a ‘balanced’ negotiation between Mercosur and the European Union to reach a political, association and trade agreement. However the timetable approach of Argentina does not seem to fit with the rest of Mercosur, mainly Brazil.
Tuesday, September 17th 2013 - 07:02 UTC
Gibraltar drafting legislation to allow fishing under strictly controlled conditions

The Gibraltar Government has taken another legislative step toward allowing fishing with certain types of nets in British Gibraltar territorial waters under limited, strictly-controlled conditions, reports the Gibraltar Chronicle.
Tuesday, September 17th 2013 - 06:59 UTC
Tax incentives in Argentina top bolster the domestic software industry

Argentina is creating new tax incentives to bolster a domestic software industry that is expected to generate sales of 3.75 billion dollars this year, including 900 million in exports. The incentives take effect this week and are to remain in place through the end of 2019.
Tuesday, September 17th 2013 - 06:50 UTC
Obama sets the field for the coming clash with Republicans on the US debt ceiling

US President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the US debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.
Tuesday, September 17th 2013 - 06:45 UTC
Falklands receives visit of lawmakers from Panama’s National Assembly

A group of Panama National Assembly members has arrived in the Falkland Islands for a week long visit. The party is headed by Foreign Affairs Commission president Dalia Bernal and includes Yaniel Abrego, president of the Education Commission, lawmaker Renaul Dominguez and Jorge Gantes legal advisor of the Foreign Affaris Committee.
Tuesday, September 17th 2013 - 06:40 UTC
FAO praises Argentina’s law on rural land as an example for Latam countries

The Food and Agriculture Organization of the United Nations (FAO) praised Argentina’s Law on Rural Lands (Ley de Tierras Rurales), stating that the measure could serve as an example for the region. FAO has invited Argentine representatives to expound their experience with the law at a workshop to be staged next week in the Colombian capital of Bogotá.
Monday, September 16th 2013 - 01:29 UTC
Leading Spanish bank ready to lend 10bn dollars for infrastructure in Brazil

Following a meeting with President Dilma Rousseff, Banco Santander Chairman Emilio Botin said that the Spanish bank has 10 billion dollars available to finance infrastructure projects in Brazil. He also anticipated that loan book growth at Banco Santander Brasil SA would be up about 10% in 2013.
Monday, September 16th 2013 - 01:26 UTC
Colombia/Nicaragua maritime dispute reignites, despite International Court ruling

President Juan Manuel Santos presented before Colombia’s constitutional court a demand against the Pact of Bogotá arguing that a recent ruling from the International Court of Justice on a maritime dispute with Nicaragua does not comply with the Colombian constitution.
Monday, September 16th 2013 - 01:25 UTC
Argentine official inflation 0.8% and 6.6% in eight months despite price agreements

Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.