Stories for January 21st 2013
Plans for temporary oil industry port in the Falklands to develop Sea Lion field
A temporary port for the oil industry to the east of the Falkland Islands capital is under consideration, but will be removed once a deep water modern permanent sea terminal is constructed in Port William, according to local officials.
Argentine state workers union challenges official inflation stats with own index
The insistence of the Argentine government with its official inflation stats, questioned by the IMF and other sectors of the country, will also be challenged by the powerful state workers union, ATE, which will publish a report on prices in Argentina and the basic needs of an average family.
Cristina Fernandez ends her visit to Vietnam, “an icon for her generation”
Argentine president Cristina Fernandez ended on Sunday in Hanoi her visit to Vietnam the last leg of a week-long business and political trip that took her to the United Arab Emirates, Indonesia and finally the land which she emphasized represented an icon for her generation.
Argentina’s wheat crop down to 10 million tons; 2011/12 planted area 25% less
Argentina will produce 10.1 million tons of wheat this season, the agricultural ministry said, citing extreme weather as the reason for cutting back its previous estimate of 10.5 million tons. With almost all of the harvest already collected, Argentina is looking at a thin wheat harvest, compared with the 14.1 million tons collected in the 2011/12 crop year.
Transcripts show Federal Reserve underestimated looming 2007 crisis
The US Federal Reserve may have underestimated the looming 2007 global financial crisis released transcripts from its meetings that year have shown. The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets.
