Saturday, January 9th 2010 - 13:27 UTC

Swiss regulators “violated” the law by handing bank information to the US

UBS last February agreed to pay 780 million US dollars to settle tax dispute

Swiss financial regulator FINMA violated the law by authorising UBS to hand over details of 300 clients to US authorities, a Swiss court has ruled.

Saturday, January 9th 2010 - 08:29 UTC

Anti-whaling activists call for criminal investigation into sinking of protest boat

The remains of the Ady Gil powerboat which sank in the Southern Ocean after having its bow sliced off by a Japanese whaler  (Photo EFE)

Anti-whaling activists have asked the Dutch public prosecutor to launch a criminal investigation into a clash between protesters and Japanese whalers in Antarctic waters which led to the sinking of a protest boat.

Saturday, January 9th 2010 - 08:11 UTC

Clash for Argentina’s Central bank reserves turns into political turmoil

Martin Redrado is challenging the Kirchner couple’s “bulldozer” policies

Martin Redrado was “restored” Friday to his post as President of the Argentine Central Bank following an injunction from Federal Judge María José Sarmiento. Redrado had been removed Thursday by President Cristina Fernández de Kirchner through an emergency decree for having resisted releasing 6.6 billion US dollars from the bank’s reserves

Saturday, January 9th 2010 - 08:08 UTC

Surprise rise in US unemployment during December

The construction sector bore the brunt of job losses

US employers unexpectedly cut 85,000 jobs in December, but the unemployment rate held steady at 10%, official figures have shown. The number of job losses was surprising, particularly after November's figures had been revised.

Friday, January 8th 2010 - 13:03 UTC

PM Brown reaffirms Falklands’ sovereignty and support for oil development

PM Brown: I met twice with President Cristina Kirchner in 2009

Prime Minister Gordon Brown in his New Year message reaffirmed UK sovereignty over the Falkland Islands and “the principle of self determination that underlies it”, emphasizing there will be “no negotiations (with Argentina) on the Islands sovereignty unless and until such a time as the Islanders wish”.

Friday, January 8th 2010 - 08:11 UTC

Mrs. Kirchner gets her way and will pay debts with Central bank reserves

Martin Redrado lost the institutional battle

Argentine President Cristina Fernandez de Kirchner and her cabinet signed Thursday a disputed decree removing Central Bank President Martin Redrado from office amid a fight over the use of bank reserves to pay debt due this year.

Friday, January 8th 2010 - 06:44 UTC

New Japan Finance minister wants weaker Yen to help recover economy

Finance minister Naoto Kan said an appropriate level would be 95 Yen to the US dollar

Japan's newly appointed finance minister Naoto Kan has called for a weaker yen in order to aid the recovery of the Japanese economy. Speaking the day after his appointment, Mr Kan said it would be “nice” to see the currency weaken.

Friday, January 8th 2010 - 06:22 UTC

Waters dispute with Spain, Gibraltar’s main challenge in 2009

Chief Minister also underlined Minister Morations visit, the first Spanish Foreign Minister ever to visit Gibraltar

Gibraltar Chief Minister Peter Caruana said this week that the biggest challenge of all in 2009 was that over the sovereignty of Gibraltar’s waters represented by Spain’s designation of areas of these as an EU environmental protection zone, and the EU Commission inclusion of it in the official EU list.

Friday, January 8th 2010 - 06:12 UTC

President Lula da Silva “will decide” on contract for huge fighter jet order

Swedish Gripen at the heart of a controversy but French Rafale sounds the favourite

Brazilian Foreign Minister Celso Amorim said Thursday that the government -- not the Air Force -- will determine which contractor to pick for a 4.4 billion US dollars fighter jet order, and that President Lula da Silva has not yet made his decision.

Thursday, January 7th 2010 - 17:32 UTC

Spain optimistic about an EU/Mercosur trade agreement this year

Foreign Affairs minister Miguel Angel Moratinos

Spain’s Foreign Affairs minister Miguel Angel Moratinos is confident that the European Union will reach a trade understanding or road map with Mercosur during the first half of this year, since Spain holds the EU rotating presidency.


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