Stories for May 26th 2010
Falklands hopes for stable relationship with Argentina
THE Falkland Islands Government still hopes for a stable relationship with Argentina stated Falklands Governor Alan Huckle in his Government budget address today. He told assembled Members of Legislative Assembly, “It remains the hope of both the British and Falkland Islands Governments to have a stable, co-operative relationship with the people and Government of Argentina.”
Government plans taxing overseas assets of residents in Uruguay
Uruguay is planning to tax deposits and other assets held overseas by residents in the country. The bill which has been drafted and promises to be controversial is expected to be sent for legislative consideration in coming days announced Economy minister Fernando Lorenzo.
IMF chief warns Brazilian economy runs risk of ‘overheating’
The Brazilian economy can grow as much as 7% this year, raising the risk of overheating, said on Tuesday International Monetary Fund Managing Director Dominique Strauss- Kahn, who described Brazil as “a success story”.
Argentina, full of confidence at home and abroad, including the Malvinas Islands
Argentina formally appealed to the British government to discuss sovereignty over the Falklands/Malvinas Islands in a column signed by Foreign Affairs minister Jorge Taiana, published Tuesday in The Guardian in coincidence with the commemoration of Argentina’s bicentenary.
Chilean investments abroad rise sharply in first quarter of the year
In the first quarter of 2010 Chilean businesses invested 1.7 billion US dollars abroad, seven times more than in the same period in 2009, according to the Santiago Chamber of Commerce (CCS).
Buenos Aires re-inaugurates an impressive re-furbished Teatro Colon
Buenos Aires iconic Colón Theatre, probably the world’s most impressive opera house known for its acoustics, shone once again Monday evening with a gala that launched its re-opening after a three-year restoration process, as the milestone of Argentina’s Bicentenary celebrations.
Financial regulation should be coordinated internationally, says IMF
The world avoided a great economic depression and will recover thanks to close cooperation from the international community, said IMF chief Dominique Strauss-Kahn.
Falkland Islands joins International Association of Prosecutors
The Falkland Islands Government legal department has been granted organisational membership of the International Association of Prosecutors (IAP). Membership is considered a recognition that rule of the law and independence of prosecution in that country complies with internationally accepted standards.
US Judge seizes 2.43 billion USD Argentine government deposits in New York
New York Federal Judge Thomas Griesa seized 2.43 billion US dollars that Argentina’s government owned Banco Nación had deposited in the city in response to a claim presented by a group of Argentine bondholders that did not make it into the debt-swap.
Italy joins the Euro-support club; announces budget cuts of 24 billion Euros
Italy joined Tuesday the group of European countries that have decided to trim government spending in an effort to convince investors that Euro nations are capable of fiscal balance and defending the single currency.
