Stories for November 29th 2012
The presence this week of Brazilian president Dilma Rousseff next to Cristina Fernandez at Argentina’s Industrial Union, UIA annual conference was considered a major integration success and highlights the growing interaction of the two leading Mercosur partners.
The International Tribunal for the Law of the Sea announced that the decision on the case involving the Argentine Navy frigate ARA Libertad retained in Ghana will be made public next 15 December. On Thursday both sides made their case in a several hours hearing at the seat of the tribunal in Hamburg.
The shells of marine snails – known as pteropods – living in the seas around Antarctica are being dissolved by ocean acidification according to a new study published this week in the journal Nature Geoscience. These tiny animals are a valuable food source for fish and birds and play an important role in the oceanic carbon cycle.
The Organization of American States, OAS, is sending a top electoral observation official to Paraguay to sponsor national political dialogue and make preparations for the OAS mission that will be following the electoral process leading to elections.
Antarctica Day was inaugurated in 2010 to celebrate the 1st December 1959 signature of the Antarctic Treaty, which was adopted “with the interests of science and the progress of all mankind.”
Brazil's central bank kept its key interest rate unchanged at 7.25% on Wednesday, ending a series of cuts since last year, as the world's sixth largest economy tries to contain inflation.
By Lord Julian Hunt and Professor Johnny Chan.(*) - The devastation wrought by super-storm Sandy (253 deaths in the Americas and over 50 billion dollars in economic damage and disruption), is prompting renewed thinking about climate change and national security.
President Cristina Fernández de Kirchner ratified on Wednesday that Argentina will continue to pay all its financial obligations and described as “absolutely unfair” the ruling from Judge Thomas Griesa who favoured the hedge funds to the detriment of 93% of bondholders who joined the 2005 and 2010 debt swaps.
Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.
A US appeals court on Wednesday granted an emergency stay order that gives Argentina more time to argue against making a 1.33 billion dollars payment to investors who rejected two debt restructurings in the nation's 2002 sovereign debt default.