Stories for July 26th 2012
Spain’s Repsol SA said on Thursday its second-quarter net profit (excluding the recently-nationalized Argentine unit YPF) declined 45% on the year, as higher production in Libya and elsewhere couldn't offset the effect of declining oil and gas prices on the value of inventories.
United Nations Office of the High Commissioner for Human Rights (OHCHR) said on Thursday that Venezuela's pullout of the Inter-American Court of Human Rights, Inter-American Commission on Human Rights (IACHR Court) would be devastating for the international organization. Spokesperson Rupert Colville said the move will be not good for Venezuela either.
President Jose Mujica said Uruguay was going through an ‘exceptional’ period vis-à-vis the world crisis but also warned that exceptionality has limits and is not forever.
Uruguay must adopt an attitude of “serene alert” given the “uncertainty and uncommon volatility” prevailing in the world said central bank president Mario Bergara, underlining the country has reduced “vulnerabilities” considerably.
Russian veterinary services have ordered the termination of 33.000 hogs following an outbreak of Africa swine pest, in the region of Tyer, in the neighbouring province of the capital Moscow.
European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the Euro zone from collapse, including acting to lower unreasonably high government borrowing costs.
The UN's food agency FAO and the OIE (Animal health organization) called on countries on to comply with a 2011 global moratorium and destroy potentially dangerous “rinderpest” virus samples or put them into safe storage.
Venezuelan President met on Wednesday with a committee from the Brazilian government to discuss mechanisms to speed the full integration of the country to the regional block. Brazil currently holds the Mercosur rotating chair.
Sea Shepherd leader Paul Watson has skipped bail and fled from Germany, with his supporters claiming they fear he would have been extradited to Japan over Antarctic whaling protests.
Argentine union leaders said that the conflict inside the CGT umbrella organization is “purely political” and claimed that President Cristina Fernandez is after a “divided and passive” organized labour movement.