Stories for July 19th 2012

Thursday, July 19th 2012 - 07:34 UTC

World Bank warns that Euro debt crisis will have an impact on most regions

Jim Yong Kim: what happens in Europe affects the fisherman in Senegal and the software programmer in India

World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the Euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

Thursday, July 19th 2012 - 07:25 UTC

Argentine province suspends mining project from Canadian company Osisko

Famatina mayor Bordagaray, “a historic ruling”

A court from the Argentine province of La Rioja ruled in favour of suspending the mining project led by Canadian company Osisko in Famatina until the Glaciers Law is applied in the area.

Thursday, July 19th 2012 - 07:12 UTC

Vatican bank fails test on preventing financial crime

The IOR fell short on seven out of 16 key areas and given a negative grade

The Vatican bank or Institute for Works of Religion, IOR, needs more reform in order to show it is effective at preventing financial crime, a report by a European banking watchdog has said.

Thursday, July 19th 2012 - 07:07 UTC

EU/Mercosur trade talks suspended until after Paraguayan elections of April 2013

MEP Luis Yañez-Barnuevo said it’s up to the Paraguayans to decide

The removal of Fernando Lugo as president of Paraguay interrupted European Union/Mercosur discussions, which could resume following the April 2013 presidential elections said on Wednesday the European Parliament mission visiting Asunción.

Thursday, July 19th 2012 - 07:01 UTC

Monsanto plant in Cordoba will produce corn seed for 3.5 million hectares

Vaquero, Monsanto Vice-president for Latinamerica: Cordoba will become the second corn belt of Argentina

US agrochemical giant Monsanto will direct most of a 365 million dollars investment in Argentina to a corn seed factory in the central city of Cordoba, the local government there has announced.

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