Stories for December 19th 2012

Wednesday, December 19th 2012 - 23:17 UTC

Argentine government appeals to Supreme Court on the Media Law case

Minister Julio Alak: “the State wants to have a definitive ruling on all matters”

Argentine Justice Minister Julio Alak announced the government presented the “per saltum” recourse before the Supreme Court as it seeks to put an end to the case over the constitutionality of the Media Law’s divestment article.

Wednesday, December 19th 2012 - 23:10 UTC

ARA Libertad is in the high seas; great reception in Mar del Plata on 9 January

The tall ship with all its sails displayed and a huge Argentine flag left Ghana on Wednesday

The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.

Wednesday, December 19th 2012 - 20:45 UTC

Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

Moshiri and Galuccio when a recent visit to Buenos Aires to consider the deal

US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.

Wednesday, December 19th 2012 - 20:37 UTC

Falklands owned new wind farm to supply Mount Pleasant Complex

FIG Chief Executive and Commander British Forces and sign the MOU at Government House

The Falkland Islands Government Chief Executive, Keith Padgett, Commander British Forces, Brigadier Bill Aldridge and Paul Wilson from the Defence Infrastructure Organisation have signed a Memorandum Of Understanding (MOU) for the construction of a new wind farm at Mare Harbour.

Wednesday, December 19th 2012 - 20:25 UTC

UBS fined in US, UK and Switzerland for manipulating the Libor rate

Chairman Weber said “authorities have recognized UBS for the thoroughness of our investigation and our exceptional co-operation”

Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer.

Wednesday, December 19th 2012 - 20:12 UTC

US court tells Sea Shepherd to stay away from Japan’s whaling fleet in Southern Ocean

Founder Paul Watson is on a Sea Shepherd vessel preparing to pursue the Japanese fleet

US court has ordered conservation group Sea Shepherd to stay at least 500 yards away from Japan's whaling fleet in the Southern Ocean. The US Court of Appeals for the Ninth Circuit banned the group from “physically attacking any vessel engaged by the plaintiffs”.

Wednesday, December 19th 2012 - 19:48 UTC

Major operation dismantles Euro and dollar counterfeit banknote printing in Peru

Allegedly the US dollars were circulated in South American countries

A combined operation involving police forces from Peru, Spain, US Secret Service and Europol dismantled on Wednesday a counterfeit banknote print shop in Lima and arrested one suspect.

Wednesday, December 19th 2012 - 19:43 UTC

President Obama re-election feat makes him TIME Person of the Year

The first Democrat, since FDR to win two consecutive terms with over 50% of the vote

US President Barack Obama was named TIME Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges.

Wednesday, December 19th 2012 - 19:34 UTC

State of the art dairy farm in Uruguay with 8.000 milking cows and self generating power

Bulgheroni the Argentine tycoon that is investing heavily in Uruguay

A state of the art dairy farm with 8.000 milking cows that will export powder milk, create 300 qualified jobs and generate its own energy from the animals’ dung is scheduled to open its first phase next April in Durazno, Uruguay.

Wednesday, December 19th 2012 - 06:50 UTC

Brazil wants closer links with Mexico; Rousseff plans to travel next March

Peña Nieto and Rousseff when they met in Brasilia last September

Brazilian president Dilma Rousseff is planning to visit Mexico in early 2013 taking advantage of the good chemistry with the new leader Enrique Peña Nieto, and with the purpose of re-launching the deteriorated relations between the two main economies of Latinamerica.

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