Stories for July 4th 2012

Wednesday, July 4th 2012 - 23:21 UTC

Argentine economy forecasted to enter recession in second half, but could still end 2012 positive

Land earmarked for construction has dropped significantly

The odds that Argentina's economy will enter a recession in the second half of this year held above 95% for a second consecutive month in the closely followed monthly leading indicator published by Torcuato Di Tella University, UTDT.

Wednesday, July 4th 2012 - 23:00 UTC

Libor rate manipulation: Barclays’ former CEO does not convince PMs and points to Bank of England

“We were desperate” the British government might take over the bank, argues Diamond (Photo: Afp)

British banker Bob Diamond has revealed that one of his big fears during the 2008 global credit crisis was that his bank, Barclays, would be taken over by the British government.

Wednesday, July 4th 2012 - 22:39 UTC

Discovery of the Higgs boson a key to open the mysteries of the universe

Physicist Higgs came up with the idea 48 years ago

Scientists at Europe's CERN research centre have found a new subatomic particle, a basic building block of the universe, which appears to be the boson imagined and named half a century ago by theoretical physicist Peter Higgs.

Wednesday, July 4th 2012 - 22:30 UTC

Mexican election vote recount confirms winner Peña Nieto several points over runner-up

Even when the recount is not over the “golden boy” of Mexican politics

Mexico's election officials on Wednesday recounted votes from more than half the polling booths in Sunday's presidential and congressional elections, responding to claims of fraud and requests for recounts in areas where the race was tight

Wednesday, July 4th 2012 - 22:26 UTC

Spanish court opens fraud case against Banka former executives

Bankia former chairman and ex-IMF managing director Rodrigo Rato

A Spanish court opened a fraud case against former executives of lender Bankia on Wednesday amid mounting public anger against the state-rescued bank.

Wednesday, July 4th 2012 - 22:13 UTC

South Korea announces plans to start whaling for “scientific research”

Whale meat is a popular dish in many Korean coastal areas

South Korea said on Wednesday that it planned to start whaling through a loophole that allows the killing of whales for scientific research, following the lead of Japan's controversial expeditions.

Wednesday, July 4th 2012 - 22:08 UTC

Chile relocates salmon farms along sanitary corridors to avoid spread of diseases

Salmon farming in Chile is a huge industry and among the leading export items

Chilean Under-Secretariat of Fisheries (Subpesca) defined eight macro zones for the salmon industry, which will be located in regions X and XI, extreme south of the country which means companies will have to relocate the farms that are near these sanitary corridors.

Wednesday, July 4th 2012 - 22:01 UTC

Argentine fish and shellfish exports totalled 142.405 tons in five months

Hake and squid remain the main export items, and Spain the main client (Photo: Nuestromar.com)

Argentina exported 142.405 tons of fish and shellfish valued at 423 million dollars in the first five months of 2012, according to official statistics from the National Health Service and Food Quality, Senasa.

Wednesday, July 4th 2012 - 21:32 UTC

Buenos Aires expects 168 cruise calls this season up from 158 in 2011/12

National Geographic Explorer is booked as the first arrival next October

Buenos Aires expects 168 cruise calls in the 2012/13 season, according to Terminales Río de la Plata, up from 158 calls in 2011/12. National Geographic Explorer is booked as the first arrival, on Oct. 21, with Splendour of the Seas to wrap the season on April 15.

Wednesday, July 4th 2012 - 21:23 UTC

Buenos Aires to host South America Seatrade cruise convention next September

Seatrade Chairman Hayman: “South America a massive opportunity for the cruise industry”

The second Seatrade South America Cruise Convention is scheduled to take place at the Quinquela Martin Cruise Terminal, Buenos Aires, Argentina next September 10-11. The event is organised in close partnership with the host port and Inprotur, the Argentine National Institute of Tourism Promotion.

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