Stories for November 17th 2012

Saturday, November 17th 2012 - 23:29 UTC

Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

Judge Griesa, Cristina Fernandez and Paul Singer involved in what will be a ‘lead case’

Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

Saturday, November 17th 2012 - 23:19 UTC

UK tells Spain any solution to fishing dispute must include Gibraltar government

The Foreign Office denied any ‘bilateral talks’ as stated by Minister Garcia-Margallo

UK has dismissed a comment by Spain’s Foreign Minister suggesting that Britain and Spain were poised to reach a bilateral solution to the fishing dispute. Jose Manuel Garcia-Margallo said Spain was open to dialogue and that he and his British counterpart, William Hague, “talk a lot” about many issues, including Gibraltar

Saturday, November 17th 2012 - 23:09 UTC

IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”

Christine Lagarde cuts short Asian visit to face European leaders

An agreement among Greece's international creditors on reducing its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

Saturday, November 17th 2012 - 23:02 UTC

US reshpaing foreign policy based on ‘power of economics’ and jobs diplomacy’

“Our global leadership depends on our economic strength” said Hillary Clinton

US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade, Secretary of State Hillary Clinton said on Saturday.

Saturday, November 17th 2012 - 22:53 UTC

Mercosur condemns “disproportionate use of force” in Gaza; calls for immediate cease fire

The Mercosur text was released by Brazil which holds the rotating chair

Mercosur condemned the “disproportionate use of force” in Gaza and called on Israel and Palestinians for an immediate cease fire of the conflict that has already left al least forty people killed, mostly civilians.

Saturday, November 17th 2012 - 06:30 UTC

Spain and Portugal call for Latam business opportunities and investment

The family picture with King Juan Carlos and Queen Sofia in Cadiz

Spain and Portugal sought help from their former Latin American colonies to rescue them from economic crisis through a new wave of trade and investment across the Atlantic Ocean.

Saturday, November 17th 2012 - 06:12 UTC

Planning for when the 2016 airport, St Helena after closer links with Faklands

St Helena airport building is cleared for take-off (Pics by St. Helena Online)

A top official from St Helena will be visiting the Falkland Islands next month to explore ways that the governments of the two British Overseas Territories can collaborate and looking ahead to when the mid Atlantic volcanic island will have an international airport.

Saturday, November 17th 2012 - 06:04 UTC

After dreadful year, great expectations in Argentina with 2012/13 soybean crop

Farmers are forecasted to plant 19.4 million hectares of soybeans this season

Argentine farmers will increase soy planting by almost 4% following a year of bad global crop weather. In the first soybean area estimate of the 2012/13 season, the Argentine Agriculture Ministry said 19.4 million hectares will be sown in the weeks ahead compared to 18.7 million hectares in 2011/12.

Saturday, November 17th 2012 - 05:59 UTC

ARA Libertad case to be discussed by Argentina and Ghana November 29/30

Judge Shunji Yanai president of the Law of the Sea tribunal

Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.

Saturday, November 17th 2012 - 05:53 UTC

“Technical issues” delaying Argentine Navy vessel departure from South Africa

The 1.400 tons ARA Espora in Simons Town with “65% of repairs completed”

The Argentine Navy said that repair works in the corvette ARA Espora, which has been stranded in South Africa for over five weeks “are 65% completed” and denied there were any debts pending with the German company that is responsible for the maintenance of the MEKO class corvettes as was reported earlier in the Buenos Aires press.

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