Stories for December 14th 2011
Credit ratings remain reluctant to award Uruguay ‘investment grade’
Credit rating agencies believe that in spite of the successful management of its sovereign debt Uruguay still has some issues to improve before investment grade is awarded. Moody’s has promised to visit Uruguay at the beginning of next year to assess those conditions.
In summer take your ties off and help save power, says Chilean government
As has happened in other countries, Chilean Energy minister Rodrigo Alvarez has officially launched the campaign, “in summer, no ties” to help save with the use of air conditioners mainly in government offices.
China questions safety of Brazil’s dry bulk carriers, the world’s largest
China should be in no rush to allow Brazil’s new Valemax ships, the world's largest dry bulk carriers, into its ports, as they have not been thoroughly tested and any oil leak from one could be catastrophic, an influential Chinese industry group warned on Tuesday.
Mexican president criticizes the US on its financial misbalances
President Felipe Calderon criticized its powerful neighbour, United States during a speech in which he outlined the G20 agenda for the next twelve months, including the summit, which is under the presidency of Mexico.
Korea invites China and Japan to help reduce illegal fishing in the Yellow Sea
South Korea will try to reach an agreement with Japan and China to help reduce illegal fishing in its waters following the death of a South Korean Coast Guard this week during a fight with Chinese fishermen who were caught red-handed operating in the Yellow Sea.
“The Protester” named Time magazine’s Person of the Year
From the Arab Spring to the Occupy Wall Street movement, “The Protester” was named Time magazine's 2011 Person of the Year. Time defines the Person of the Year as someone who, for better or for worse, influences the events of the year.
October marks UK highest unemployment level in 17 years
The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.
OPEC agrees 30m bpd supply target; Saudis want oil below 100 dollars per barrel
OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.
Chavez seeking re-election announces pension hikes and cash bonus for children
Venezuelan President Hugo Chavez has launched new social programs including hikes in pensions and a 100 dollars a month cash payment for needy children as he prepares for his re-election bid next year.
Duke of Kent to visit Falklands to mark Queen Elizabeth II diamond jubilee
Britain's royal family will tour the globe next year to celebrate Queen Elizabeth II diamond jubilee marking 60 years on the throne, Buckingham Palace announced on Wednesday.
