Stories for November 29th 2012

Thursday, November 29th 2012 - 22:23 UTC

Brazil calls on Argentina to integrate and consolidate world’s fifth largest economy

Dilma: “together we will be stronger”

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.

Thursday, November 29th 2012 - 20:47 UTC

Law of the Sea tribunal will decide Argentina/Ghana case on December 15

Ms Ruiz Cerutti accuse Ghana of violating international law but Ebenezer Appreku insisted the case was a civil dispute

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.

Thursday, November 29th 2012 - 18:28 UTC

Ocean acidification taking toll of Antarctica marine snails, shows BAS research

Corrosive ocean waters are causing the shells of some marine creatures to dissolve.<br />
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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.

Thursday, November 29th 2012 - 18:09 UTC

OAS sends top envoy to Paraguay to prepare for April elections

Former Costa Rica president and 1987 Nobel Peace Oscar Arias

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.

Thursday, November 29th 2012 - 15:24 UTC

Saturday December first, Antarctica Day recalls signature of the 1959 Treaty

Antarctic Treaty flags of nations

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.”

Thursday, November 29th 2012 - 14:00 UTC

Brazil ends cuts and keeps key interest rate unchanged at 7.25%

Central bank president Tombini, low rates for a prolonged period of time

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.

Thursday, November 29th 2012 - 13:02 UTC

Post-Sandy, why urgent preparation is needed for storms of the future

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.

Thursday, November 29th 2012 - 06:50 UTC

Cristina Fernandez described Argentina as the ‘counter model’ of IMF and the world’s masters

The president pledged Argentina will continue to pay its financial obligations (Photo: DyN)

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.

Thursday, November 29th 2012 - 06:42 UTC

Argentina increases 44% wellhead natural gas prices to attract investment

The country desperately needs foreign investors to develop the Vaca Muerta shale site

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.

Thursday, November 29th 2012 - 00:31 UTC

Argentina saved from a ‘technical default’; court case continues February 27

Minister Lorenzino had anticipated Argentina was prepared to reopen the defaulted-bond payment

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.


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