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OGX, the crude oil arm of the group EBX owned by billionaire Eike Batista, is experiencing a decline in oil production at the Campos Bay. Now, the forecast is that OGX will produce 5,000 barrels a day - a third of the first prediction. As a result, the company's papers had a fall of 41 percent, an equivalent to nearly US$ 5 billion. The losses, according to ranking, made the billionaire lose his post at the eighth richest man in the world to below twenties.

US suspends benefits to Argentinian exports US to buy wind energy from Mexico Codelco reports US$ 7 billion in profits Uruguay grew by 5.7% in 2011 América Móvil was the most profitable telecommunications company in 2011 LAN, TAM report US$ 24 million spending due to fusion OGX to deliver first shipping of crude