Stories for June 19th 2012

Tuesday, June 19th 2012 - 06:35 UTC

Cameron promises red carpet for ‘over-taxed’ rich French citizens

Hollande in campaign promised a 75% tax on any annual income beyond 1 million Euros

British Prime Minister David Cameron cheekily declared that Britain would open its door wide to France's rich if they flee abroad from steep tax hikes proposed by the new French government.

Tuesday, June 19th 2012 - 06:31 UTC

EU announces at G20 ‘Tobin tax’, opposed by US. UK and Sweden

EC President, ”we want the financial transaction tax to become a reality in Europe, and if possible at global level”

The European Union will “soon” move forward with a financial transaction tax (FTT), European Commission President Jose Manuel Barroso said Monday, as he also spoke in favour of Euro-bonds.

Tuesday, June 19th 2012 - 06:23 UTC

Uruguay economy expands 1.9% in the first quarter but uncertainties persist

A new pulp mill under construction helped the sector expand 12.9% in the first three months

Uruguay’s economic growth quickened in the first quarter, spurred by increased transport and communications. GDP expanded 4.2% from a year earlier and grew 1.9% from the fourth quarter of 2011, the central bank said on its website.

Tuesday, June 19th 2012 - 06:16 UTC

Largest emerging-market nations will make additional contribution to IMF

Brazil’s Finance minister Guido Mantega made the announcement in Mexico at the G20

The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.

Tuesday, June 19th 2012 - 05:59 UTC

Jewish centre asks for arrest of Iranian terrorist-suspects if they attend Rio+20

President  Mahmoud Ahmadinejad will be visiting Bolivia, Brazil and Venezuela

The Simon Wiesenthal Centre has requested the Brazilian government “to arrest and extradite” any Iranian officials with pending arrest warrants from Interpol because of their links with a terrorist attack in Argentina, if they arrive in Brazil for the Rio+20 conference as members of the official delegation from Teheran.

Tuesday, June 19th 2012 - 05:57 UTC

Canadian company buys gold-silver mines in Santa Cruz, Argentine Patagonia

CEO Peter Marrone has a strong history of negotiations in Latin America

Canada’s Yamana Gold Inc. plans to buy Extorre Gold Mines Ltd. in a cash-and-stock deal valued at 403.6 million dollars, the companies announced Monday.

Tuesday, June 19th 2012 - 01:30 UTC

PM Cameron accuses Argentina of colonialism and protectionism ahead of G20

The message to Argentina is very clear, listen to what the people of the Falkland Islands want, said Cameron

British Prime Minister David Cameron has fired a broadside at Argentina ahead of the opening of the G20 summit in Mexico, accusing the country of colonialism over the Falklands and protectionism in world trade.

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