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Venezuela: Chavez Says Government Will Not Comply with World Bank Ruling

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Venezuela’s President Hugo Chavez has said that his Government will not comply with any decision from the World Bank in relation to its seizure of Exxon Mobil assets in 2007. Exxon Mobil, which last week was awarded $747m in compensation from the International Chamber of Commerce, said it would also be presenting the case to the World Bank next month.

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Argentina: Government May Impose Fuel Discounts – Report

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Buenos Aires daily El Cronista has claimed that Argentina’s Government is prepared to force companies to sell fuel for a substantial discount if shortages occur. The newspaper, which did not say how it obtained the information, said that marketers could be forced to sell premium fuel for the same price as lower-quality fuel, representing an 18% discount. 

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Mexico: 7-Eleven Adopts Oracle Retail Platform

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7-Eleven Mexico has decided to adopt the Oracle Retail Merchandising platform across its growing network of 1,400 sites nationwide. Oracle Retail Merchandising will create a platform for 7-Eleven Mexico incorporating its retail application suite to allow better leveraging of its operational data, with a particular focus on inventory monitoring and replenishment.

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