The Argentine Foreign Ministry suggested in an official Wednesday release that “the EU and the Union of South American nations (UNASUR) analyze the Malvinas islands conflict and urge both countries (UK and Argentina) to negotiate”.
The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.
Testifying Wednesday before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the Euro zone.'
UK has become a net exporter of lamb, according to new figures published by EBLEX and reported by Meat Trade News Daily. The figures show that in 2011 sheep meat exports from the UK saw an 11% increase on the year, totalling 98.500 tonnes product weight.
The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
A several million pounds EU aid program to help Argentina should be halted until the country stops threatening Britain over the Falkland Islands, said member of the European parliament Nerj Deva.
Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further.
Argentina's top diplomat in Britain was summoned to London's Foreign Office on Wednesday to explain his country's decision to ask 20 leading companies to stop importing British products and supplies.
Almost 60% of Argentina’s school children could not begin the new school year and had to remain at home because of a 48 hours teachers strike following the collapse of salary negotiations.
Argentina currently consumes more than it produces and only with strong growth can it avoid another default situation since liabilities continue to increase, warns economist Diana Mondino.