Stories for May 16th 2012
Paraguay’s beef exports picking up after two outbreaks of FMD
Paraguay’s meat exports totalled 285 million dollars in the first four months of the year, which makes it the second best four-months for the industry in recent years, said German Ruiz, head of the country’s Rural Association.
Following electoral disaster, Merkel fires federal Environment minister
German Chancellor Angela Merkel fired Norbert Roettgen, the federal Environment minister who led her Christian Democratic Union to its worst-ever result in an election in Germany’s most populous state.
State-controlled YPF wants to keep its ADS listed in the New York exchange
Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.
Indian oil and gas company desists from Falklands’ exploration partnership
After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands
Rousseff empowers Truth commission to look into the past without hatred or vengeance
In a solemn ceremony Brazilian President Dilma Rousseff has sworn in the seven members of a Truth commission created to look into human rights abuses committed during the nation’s long dictatorship.
“I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar
After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.
Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal
Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.
Argentina insists before Red Cross on identifying remains of combatants buried in the Falklands
Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.
Merkollande admit differences but call for unity and growth in the Euro zone
Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.
US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday
The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.
