Stories for February 28th 2013

Thursday, February 28th 2013 - 23:59 UTC

Brazilian market suffers the impact of iron-ore producer Vale record loss in fourth quarter

CEO Murilo Ferreira is cleaning up the balance sheet

Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.

Thursday, February 28th 2013 - 23:55 UTC

US Air Force contracts 20 Brazilian Super Tucano fighters for Afghanistan

The propeller driven AT-29 Super Tucano will be built jointly with a US company

The US Air Force has chosen Brazil’s Embraer for a 427 million dollars contract to supply light attack planes to Afghan forces, the company said Thursday, despite competition from an American bid.

Thursday, February 28th 2013 - 18:48 UTC

Mastermind of 1963 “Great Train Robbery” dies in London

The eleven men gang stormed the Glasgow-London night train and made off with 26.4 million dollars of our time

The mastermind behind Britain's “Great Train Robbery”, a 1963 heist that turned its perpetrators into celebrities, has died aged 81, local media reported on Thursday. Bruce Reynolds died in his sleep at his home in London after a period of ill health, reports from news media which included the BBC said, citing comments from Reynolds's son, Nick.

Thursday, February 28th 2013 - 18:44 UTC

Major coup and power consolidation for Mexico’s new administration

Elba Esther Gordillo who had a penchant for plastic surgery and shopping sprees, ruled undisputed Mexico’s strongest union

The head of Mexico's teachers' union and one of the country's most powerful women has been charged with embezzling up to 200 million dollars to fund a lavish lifestyle of shopping sprees and plastic surgery, officials said. The action is seen as a major coup for the three-month old administration of Enrique President Peña Nieto.

Thursday, February 28th 2013 - 18:27 UTC

Jewish organization pledges to take Argentina/Iran accord to the Supreme Court

AMIA president Guillermo Borger strongly criticized the accord approved by the Argentine congress

Argentina’s AMIA Jewish Community Centre President, Guillermo Borger, harshly criticized the approval of the Argentina-Iran accord, which occurred Thursday early morning after nearly 20 hours of debate, and warned that the institution analyzes resorting to court to stop it.

Thursday, February 28th 2013 - 14:13 UTC

Falklands’ situation attracts attention from China involved in Far East Asia islands dispute

Lisa Watson: “surprised at the concept that two superpowers might learn lessons from our little community”

Interest in the Falkland Islands’ dispute with Argentina, assimilated to the current Senkakus/Diayous islands situation in Asia apparently has not been limited to the quotes made by Prime Minister Shinzo Abe before the Japanese Parliament but also in another minor experience precisely in the Falklands and involving the Editor of the Penguin News, the local weekly newspaper of the Islands.

Thursday, February 28th 2013 - 14:06 UTC

Japan appeals to Thatcher Falklands’ resolve quotes in islands dispute with China

PM Abe: Senkakus islands are an inviolable part of Japanese territory and no dispute exists, but door to dialogue with China “is always open”.

Japan's prime minister on Thursday quoted comments by former British premier Margaret Thatcher about the Falklands War with Argentina as he spoke about Tokyo's acrimonious islands’ dispute with China.

Thursday, February 28th 2013 - 06:13 UTC

Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders

Defence lawyer Blackman said Argentina would not “voluntarily obey” an order to pay holdout bondholders in full.

Argentina's defence urged a US appeals court on Wednesday to come up with a “workable” solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.

Thursday, February 28th 2013 - 06:07 UTC

President Rousseff pledges to cut “Brazil cost” and keeping inflation in check

“Our country has to change in the direction of greater competitiveness” said Rousseff

President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check. The leader anticipated that 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks from holding the economy back.

Thursday, February 28th 2013 - 06:04 UTC

Ninety consecutive months of two-digit inflation in Argentina

Economist Carlos Melconian has been assessing prices as a consultant for 15 years

Two-digit inflation in Argentina has reached 90 consecutive months, according to economist Carlos Melconian who added that since 2001 the prices’ increase in the country has averaged 500%.

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