Stories for June 2012
Spain expected this weekend to ask help from the Euro zone to bail out its banks
Spain is expected to ask the Euro zone for help with recapitalising its banks this weekend, sources in Brussels and Berlin said on Friday, becoming the fourth country to seek assistance since Europe's debt crisis began.
Argentine industrial activity falls 3% in April, but up 1.1% in first four months
Industrial activity in Argentina dropped 3% in April compared to the same month a year ago, with the first four months closing with 1.1% growth, although with a declining tendency according to the latest data from the Argentine Industrial Union, UIA.
Hollande could manage a narrow manageable majority in Sunday’s election
The latest opinion polls released ahead of France's parliamentary election on Sunday suggest President Francois Hollande will win a narrow but workable majority that depends on Green allies and hard leftists.
Chile’s May inflation on target but government fears external risks
Chile's consumer price index remained unchanged in May, the government statistics agency INE said on Friday, slowing its pace from April as lower food and transport prices offset higher electricity costs. Prices rose 0.1% in April, the INE said last month.
FAO food price index fell by 4% in May on prospects of good cereal production
United Nation’s Food and Agriculture Organization (FAO) said global food prices dropped sharply in May due to generally favourable supplies, growing global economic uncertainties and a strengthening of the US dollar.
Argentina rapidly becoming too expensive for foreign tourists
Argentina is rapidly becoming an expensive country for tourists and evidence of this is the declining number of tourists arriving in the country in the first months of the year while the number of Argentine travelling overseas is soaring, according to Mario Lielman, chair of the Buenos Aires Tourism and Travel Agencies Association.
Beverage industry blasts New York for limiting sale of oversized sugary drinks
New York City's top health official shot back at critics who have blasted the city's plan to limit the sale of oversized sugary drinks such as soda, calling beverage industry opposition ridiculous.
Environmentalists propose a whales’ sanctuary ring along the American continent
Environment organizations meeting in Panama will demand the creation of a whales’ sanctuary in the south Atlantic and south Pacific, at the coming meeting of the International Whaling Commission.
Fitch downgrades Repsol rating to BBB- on fears of YPF seizure impact
Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances.
Guernsey Bailiff, guest of the Falklands during Liberation commemoration
The Island of Guernsey's Bailiff is to visit the Falkland Islands to commemorate the 30th anniversary of the end of the conflict and the Islands' liberation.
