Stories for June 2012
Bank of England stand-by on optimism over a solution to the Euro debt crisis
The Bank of England has resisted injecting further emergency liquidity to the UK economy as optimism over finding a solution to the Euro zone debt crisis grew.
Earl and Countess of Wessex visit Gibraltar to celebrate Queen’s Diamond Jubilee
The Earl and Countess of Wessex – Prince Edward and Sophie - are visiting Gibraltar from Monday to Wednesday of next week as part of Her Majesty the Queen’s Diamond Jubilee celebrations.
Artefacts from controversial 1804 wreck stored in Gibraltar returned to Spain
Archaeological artefacts recovered from a controversial wreck and stored in a warehouse in Gibraltar were handed to Spanish authorities this week. The items were recovered by Odyssey Marine Exploration in 2007 from the wreck of “Nuestra Señora de las Mercedes”, a Spanish galleon that sank off Portugal in 1804.
Pinochet remains a strongly divisive figure in Chilean public opinion
Chilean Executive spokesperson Andrés Chadwick asserted the government’s impartiality toward Sunday’s screening of “Pinochet,” a documentary on Chile’s former dictator, amid calls from human rights organizations and local and national politicians for President Sebastian Piñera to intervene.
China lowers key rates and gives banks more flexibility to help boost growth
China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%.
EU gets tough on border controls to address large-scale immigration
European Union governments would be able to suspend passport-free travel in parts of Europe for as long as two years under regulations proposed on Thursday to address concerns over large-scale immigration.
Chile plans to drill eight wells looking for oil and gas in Magallanes region
Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.
Browne turns down Timerman invitation to discuss Falklands next week in Buenos Aires
UK Foreign Office Minister Jeremy Browne turned down on Friday an invitation sent by Argentine Foreign Minister Héctor Timerman to visit Argentina. Timerman had hoped to meet with the UK government official in Buenos Aires when Browne makes his trip to the Falkland Islands next week.
Argentine striking farmers take to the roads; government rejects negotiations
The Argentine Government warned that it has “no plans” to change the farming sector's agenda, therefore will not meet with members of the Liaison Board amid a national strike that began on Wednesday to protest against the property tax hikes in the Buenos Aires province.
Germany ready to bail out Spain; sovereign rating down to BBB negative outlook
German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the Euro zone as Spain's credit rating was cut by three notches amid expectations it may soon seek EU help for banks beset by bad debts.
