Stories for December 18th 2012

Tuesday, December 18th 2012 - 23:36 UTC

EU Fisheries committee pledges sustainability by 2015 and an end to discards

Discards, unwanted species or size, account for almost a quarter of total EU catches (Photo: Greenpeace)

Tuesday’s vote by the European Parliament’s Fisheries Committee to amend CFP reforms have been greeted with enthusiasm by a number of environmental NGOs including ClientEarth, Greenpeace, WWF, the Pew Foundation and OCEAN 2012.

Tuesday, December 18th 2012 - 22:37 UTC

Organized labour challenges Cristina Fernandez with a demonstration on Wednesday

 Micheli and Moyano making the announcement

Argentina’ so organized CGT Labour Confederation boss Hugo Moyano, and CTA umbrella union leader Pablo Micheli confirmed on Tuesday a downtown march against the government of President Cristina Fernandez on Wednesday.

Tuesday, December 18th 2012 - 22:33 UTC

Ghanaian government confirms the release of ARA Libertad

Foreign minister Muhammad Mumuni explained the government would send a plea to the judiciary

The Ghanaian government confirmed on Tuesday it would comply with the UN Law of the Sea court decision to release the Argentine navy flagship ARA Libertad, impounded in Tema since October 2, over a debt dispute between a US hedge fund and the Argentine government.

Tuesday, December 18th 2012 - 22:18 UTC

UK names southern part of British Antarctic Territory “Queen Elizabeth Land”

William Hague and HM Queen Elizabeth arrive at the Foreign Office

The Foreign Secretary announced on Tuesday that the southern part of British Antarctic Territory has been named Queen Elizabeth Land.

Tuesday, December 18th 2012 - 06:00 UTC

Argentine government begins process to dismember Clarin media group

Early morning Cristina Fernandez administration official visited Clarin to inform them the process of auctioning licences had started (Photo: Telam)

Argentina's government Monday began the process of auctioning off media licenses and related assets held by the media conglomerate Grupo Clarin SA. The move, which government officials say should take about 100 business days to complete, comes after a lower court judge ruled Friday that a three-year-old media law requiring Clarin to be dismantled is constitutional.

Tuesday, December 18th 2012 - 05:34 UTC

Santander keeps growing: absorbs Banesto and Banif and will close 700 branches

“This is a good transaction for everyone” said Santander chairman Emilio Botin

Banking giant Santander said on Monday that it will absorb two of its Spanish offshoots, closing 700 branches in the latest stage of Spain's great banking shake-up. The biggest bank in the Euro zone by market value, said it could save 520 million Euros a year by absorbing the offshoots, Banesto and Banif.

Tuesday, December 18th 2012 - 04:01 UTC

Argentina says Belgian highest court rules against seizure of diplomatic accounts

Financier from NML Capital tried to seize embassy funds in Brussels

The Belgian Supreme Court threw out an attempt by hedge funds to seize Argentina’s diplomatic accounts in that country, according to a release on Monday from the Argentine Foreign ministry.

Tuesday, December 18th 2012 - 03:56 UTC

IMF board to consider Argentina’s stats case at the end of January

Lagarde sent a report on Argentina’s case to the IMF board

The board of directors of the International Monetary Fund will again meet at the end of January to debate Argentina’s improvement in the quality of its official economic index, IMF spokesman announced on Monday.

Tuesday, December 18th 2012 - 03:44 UTC

Argentina replaces ambassador Argüello by an economist and trade expert

Cecilia Nahón, close friend of Kicillof and next ambassador in Washington

The Argentine Foreign Ministry announced on Monday that President Cristina Fernández has decided to appoint Cecilia Nahón as Argentine ambassador to the United States, replacing Jorge Arguello in Washington DC.

Tuesday, December 18th 2012 - 03:39 UTC

IMF adopts a more flexible position regarding global capital flows management

Lipton: “this work clarifies the trade-offs between policy options for dealing with the risks related to capital flows”

The International Monetary Fund has developed a comprehensive, flexible, and balanced view on the management of global capital flows to help give countries clear and consistent policy advice.

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