Stories for February 14th 2012
Rating agency Moody's announced on Tuesday it had downgraded six European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis, and warned it may cut the triple-A ratings of France, Britain and Austria.
Argentina’s head of the ruling Victory Front’s bloc in the Lower House Deputy Julián Domínguez labelled those who lashed out against Deputies and Senators for doubling their salaries as “hypocrites”.
The Argentine government confirmed on Tuesday through a letter sent by Foreign Minister Héctor Timerman to the United Nations (UN) General Assembly President, Nassir Abdulaziz Al-Nasser, that Argentina had accepted the mediation offer in order to find a pacific solution with the United Kingdom over the sovereignty of the Malvinas Islands.
Dozens were arrested and injured in downtown Buenos Aires when groups of former Argentine soldiers that fought during the Malvinas war clashed violently with the police demanding to be recognized as full veterans.
Argentine President Cristina Fenandez again full of stamina criticized farmers, business people and workers’ unions, and at the same time called on all sides involved to live in the real Argentina, “not fantasy land, because Argentina is not Disneyland”.
The US State Department said on Monday that if Cuba wants to participate in the coming Summit of the Americas to be hosted by Colombia, it must first fully integrate to the Organization of American States and guarantee the basic liberties of its citizens.
President Barack Obama called on Monday for aggressive spending to boost growth and for higher taxes on the rich, laying out an election-year vision for the US in a budget that was criticized sharply by Republicans for failing to curb the deficit.
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 15 Spain-based financial firms downgraded by Standard & Poor's after the credit-ratings company reduced the nation's grade last month.
China's exports fell in January the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy. Exports dipped 0.5% from a year earlier hurt by sluggish demand and factories being shut during the Lunar New Year.
Vodafone Group, the world's largest mobile operator by revenue, is considering a bid for Britain's Cable & Wireless Worldwide, whose fixed-line network could boost bandwidth for its Internet-hungry customers.