Stories for December 3rd 2012

Monday, December 3rd 2012 - 23:08 UTC

Argentina rejects complaint, accuses UK of illegal appropriation of Malvinas resources

Gangs of thugs destroyed the offices of a maritime agent linked to the cruise industry  (Pic AP)

Argentina energetically rejected the UK complaint about alleged intimidation of vessels linked to Falklands/Malvinas activities as well as the awarding of squid licences in waters close to the South Atlantic archipelago.

Monday, December 3rd 2012 - 22:23 UTC

Peru makes its case before the International Court; Chile: no surprises

‘‘A flagrant lack of any maritime delimitation’’ between the two countries alleged the Peruvian delegate at the Court in The Hague

Peru asked the International Court of Justice Monday to set a maritime border with Chile in a case that could greatly expand the amount of rich seas under Peruvian control off the two Pacific neighbours’ coasts.

Monday, December 3rd 2012 - 21:17 UTC

Argentine ambassador summoned over ‘intimidation’ to cruise lines calling in Falklands

FCO disappointed that it was necessary to formally summon ambassador Castro

Britain summoned Argentina's ambassador to London on Monday after masked men ransacked the offices of a shipping company in Buenos Aires, a move the Foreign Office alleged was aimed at deterring ships from visiting the disputed Falkland Islands.

Monday, December 3rd 2012 - 20:49 UTC

Uruguay budget deficit trebles in twelve months and soars to 3% of GDP

The power generation bill and the pensions’ scheme are a heavy burden for the Uruguayan treasury

Uruguay’s budget deficit soared to 3% of GDP in the twelve months to the end of October, the highest since November 2003, (3.1%) when the country was recovering from the financial crisis which spilt over from Argentina. The deficit also exposes Uruguay’s precarious power generating situation.

Monday, December 3rd 2012 - 20:36 UTC

Cable and Wireless Monaco and Islands division sold to Bahrain Telecoms

C&W earth station at Stanley, Falklands

Cable and Wireless Communications have announced the sale of the majority of its Monaco and Islands division which includes the Falklands. The company has accepted 680m dollars (£420m) from Bahrain Telecommunications Company (Batelco) for the division which operates broadband and telephone lines.

Monday, December 3rd 2012 - 20:20 UTC

Spain’s Repsol files complaint against Argentina over seizure of YPF

CEO Brufau was honoured by the industry as 2012 “Chief Executive Officer”

Spain's Repsol SA filed on Monday a complaint against Argentina before the International Centre for Settlement of Investment Disputes (ICSID) over its nationalization of energy company YPF SA, according to sources familiar with the dispute.

Monday, December 3rd 2012 - 06:01 UTC

IMF reminds Argentina it must deliver a report on statistics advances by Dec 17

Christine Lagarde will be visiting Colombia and Chile in the second week of December

The IMF ratified last week that by December 17 Argentina must reply to Managing Director Christine Lagarde on the latest advances referred to the country’s statistics both on inflation and GDP growth.

Monday, December 3rd 2012 - 05:57 UTC

Brazil farmland prices quadrupled over the past decade outpacing inflation

The country is set to become the world largest soy bean producer ahead of the US

Prices for farmland in Brazil surged by an average 14% a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo's blue-chip Ibovespa stock index, a new study shows.

Monday, December 3rd 2012 - 05:20 UTC

Mexican new president reaches first agreements with the opposition

Peña Nieto addressing the nation on his taking office speech

Mexican President Enrique Peña Nieto on Sunday signed a pact with the country's leading political parties to increase competition in the telecommunications sector and overhaul the education system.

Monday, December 3rd 2012 - 05:15 UTC

Argentina confirms new round of talks with Iran in January

Timerman and Parrilli announcing there will be a previous meeting with the Jewish community

Argentine Foreign Minister Héctor Timerman confirmed this weekend that there had been new meetings with envoys of the Iranian government over the probe handling the AMIA bombing, and assured that Argentina will present a new action plan in the coming few weeks, most probably in the next meeting scheduled for January.

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