Stories for January 7th 2013

Monday, January 7th 2013 - 17:45 UTC

Argentina accuses PM Cameron of “military threats” regarding the Falklands

Cameron also said he hopes Cristina Fernandez will listen to the Falklands’ March referendum (Photo BBCTv)

The Argentine Foreign Ministry rejected the recent “military threats” coming from British Prime Minister David Cameron in relation to the UK’s “illegal occupation of the Falklands/Malvinas Islands” that began 180 years ago.

Monday, January 7th 2013 - 14:14 UTC

Argentina gains a new ally in its fight against hedge funds: WEF’ Schwab

Klaus Schwab said that new international rules are needed to address speculative funds (hedge funds)

Argentina’s worldwide court battles against the hedge funds which did not accept the restructuring of its defaulted debt and are after the country’s assets, has gained another ally, the president of the World Economic Forum, (WEF) Klaus Schwab.

Monday, January 7th 2013 - 14:09 UTC

Iceland with Norway support awards off shore oil and gas licences

Iceland's Minister of Industries and Innovation Sigfusson pleased with Norway

Iceland has awarded two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island.

Monday, January 7th 2013 - 13:52 UTC

Several Fed members fearing inflation want a cap to the bond-buying program

US unemployment stands at 7.8% and needs to add 90.000 jobs a month to keep up with population growth

A number of senior figures at the Federal Reserve want the US central bank to stop or slow down its bond-buying program “well before the end of 2013”. December minutes of its interest rate-setting Federal Open Market Committee (FOMC) showed that “several” of its twelve members made the call.

Monday, January 7th 2013 - 13:49 UTC

Koreans again in love with US beef following aggressive campaign from industry

“Korean consumers have a very high standard for quality” said Jihae Yang, US Meat Export Federation (USMEF) director in South Korea

Only four years ago 100.000 South Koreans lined the streets of Seoul to protest the return of US beef to Korea. Consumer confidence in US beef was at an all-time low to the extent that media outlets would not even accept paid ads promoting the products for fear of getting pulled into the protest backlash – instead joining the outrage by declaring US beef to be unsafe from BSE (bovine spongiform encephalopathy) or ‘mad cow’.

Monday, January 7th 2013 - 13:33 UTC

NZ farm workers wage increase above rising costs: 37.000 US dollars per annum

At 45.410 NZ dollars (approx 37.000 US dollars), the average farm employee earned 8.567 NZ dollars more than the average personal [mean] annual wage and salary income earner

New Zealand farm workers are doing better than their counterparts in other industries when it comes to wage rises. A Rabobank-Federated Farmers survey has shown farm workers recorded an overall average salary rise of 4.9% in the year to October, 2010.

Monday, January 7th 2013 - 13:03 UTC

Piñera after political consensus to declare state of emergency in Mapuche territory

The Chilean president described the Mapuche attacks as “terrorist violence”

President Sebastián Piñera is considering declaring the state of emergency in the Araucanía region, in southern Chile, where six arson attacks which cost the lives of two people took place since Friday, Interior Minister Andrés Chadwick said.

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