Stories for December 29th 2012

Saturday, December 29th 2012 - 15:34 UTC

The spirit and roots of the Falklands in “Our Islands, Our History”

The Falkland Islands flag and crest

The Falkland Islands Government announced the completion of the booklet “Our Islands, Our History”. The booklet provides a succinct and accessible summary of the key aspects of the history of the Falkland Islands, and of the people whose determination and character have forged them to a democratic, prosperous and dynamic community.

Saturday, December 29th 2012 - 06:44 UTC

Venezuela praises Mercosur partners but completely ignores Paraguay

Minister Villegas said then agreements were subscribed with Brazil, Argentina and Uruguay

Venezuela gave another step in its integration process as full member of Mercosur underlining recent achievements with its partners Argentina, Brazil and Uruguay but completely ignored Paraguay, the fourth full member currently suspended from the block.

Saturday, December 29th 2012 - 06:41 UTC

Thatcher feared Spain might go for Gibraltar after Falklands was taken by Argentina

The PM remained nervous and asked for further reassurance on 7 April 1982 that all necessary precautions were being taken

Three days after Argentina’s ruling military junta seized the Falkland Islands in the South Atlantic (April 1982), the Prime Minister Margaret Thatcher called for an “urgent assessment” of Britain’s ability to defend Gibraltar, prompted in part by the “jubilant reaction” to the invasion in the Spanish press.

Saturday, December 29th 2012 - 06:30 UTC

YPF signs shale gas exploration deals with Pan American Energy and Bridas

CEO Galuccio ends the year with several significant oil and gas development agreements

Argentina’s nationalized oil and gas company YPF announced on Friday that Pan American Energy, PAE, would be investing 3.4bn dollars in gas production in the next five years while Bridas, belonging to the Bulgheroni brothers said it plans to invest 1.5bn dollars in the development of the non conventional shale deposits in Vaca Muerta.

Saturday, December 29th 2012 - 06:26 UTC

Spain lifts ban on Argentine bio-diesel; annual exports total 1.1bn dollars

Argentina is the world’s leading exporter of bio-diesel

Spain has taken a step back with import restrictions on Argentina’s bio-diesel applied in a reprisal move after Argentine president Cristina Fernandez decided to seize control of energy company YPF, subsidiary of Spanish Repsol, earlier this year.

Saturday, December 29th 2012 - 06:21 UTC

Brazil names a candidate for the WTO Director General post

Roberto Azevedo is currently Brazil’s envoy at WTO

Brazil on Friday named its World Trade Organization envoy Roberto Azevedo to succeed Pascal Lamy as head of the Geneva-based trade oversight body. Brazil's ambassador to the WTO since 2008, Azevedo has been tackling the country's cotton subsidy dispute with the United States.

Saturday, December 29th 2012 - 06:19 UTC

Brazil central bank injects more liquidity by lowering reserve requirements

The central bank has been very active in measures to prop the economy

Brazil's central bank announced it would cut reserve requirements on demand deposits under specific conditions to free up around 15 billion Reais (7.3 billion dollars) for lending in a move aimed at boosting investment in the stagnating economy.

Saturday, December 29th 2012 - 04:12 UTC

Brazilian president Dilma Rousseff health ‘within normal levels’

Ms Rousseff good health condition means she could very well bid for re-election in 2014. In 2009 she survived lymphoma cancer.

Brazilian President Dilma Rousseff, who survived lymphoma cancer in 2009, was pronounced healthy by doctors after a routine exam. Rousseff's health was “within normal levels,” according to a statement released by her office following the check-up at the Sirio-Libanes Hospital in Sao Paulo, one of South America's leading cancer treatment centers.

Saturday, December 29th 2012 - 04:07 UTC

Uruguay raises basic rate to 9.25%: “inflation the key risk of the economy”

Despite IMF recommendations Central bank president Bergara insists with higher interest rates

Uruguay’s Central bank raised its benchmark interest rate on Friday for the second time this year as policy makers struggle to bring inflation into the government’s target range. The IMF and local economists have warned about the need to “tackle inflation”, particularly since the budget’s fiscal deficit has soared in just twelve months from 0.4% of GDP to over 3% of GDP.


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