Stories for June 11th 2009

Thursday, June 11th 2009 - 11:16 UTC
Argentina reaffirms rights on “Malvinas Sovereignty Day”

Argentina condemned on Wednesday the United Kingdom’s negative to resume sovereignty negotiations over the disputed Falklands/Malvinas Islands, South Atlantic islands (South Georgia and Sandwich) and adjacent maritime spaces. June 10th, according to the Argentine calendar is Malvinas Sovereignty Day
Thursday, June 11th 2009 - 11:12 UTC
Nuclear submarine joins the search for Flight 447 black boxes

The search for victims and debris from Air France Flight 447 that plunged into the Atlantic Ocean last week now stretches from Brazil to the coast of Africa, as a French nuclear submarine began Wednesday hunting for the flight recorders.
Thursday, June 11th 2009 - 11:10 UTC
Brazil confirms purchase of 10 billion US dollars in IMF bonds

Brazil will buy 10 billion US dollars of bonds issued by the International Monetary Fund to help the multilateral lender provide financing to countries hurt by the financial crisis, announced Finance Minister Guido Mantega.
Thursday, June 11th 2009 - 10:12 UTC
Spain warns about “delisting” and “colonialism by consent” at C24

The Spanish Government made a short but sharp intervention at the start of United Nations C24 session stating Spain's “firm wish to renew conversations with the United Kingdom within the framework of the Brussels process”.
Thursday, June 11th 2009 - 10:10 UTC
Spain promises to boost stalled EU/Mercosur negotiations

The financial crisis should be the springboard for a “leap forward” in negotiations for the association agreement between the European Union and Mercosur, said Spain’s Secretary of State for Ibero-America currently on a tour of Mercosur country members.
Thursday, June 11th 2009 - 10:05 UTC
Thomas Cook “completely ring-fenced” against bankruptcy

Germany's Arcandor, which owns 52% of Thomas Cook, filed for bankruptcy protection after the German government rejected a request for loan guarantees.
Thursday, June 11th 2009 - 10:01 UTC
Shell settles lawsuit in Nigeria to help “reconciliation process”

Royal Dutch Shell has agreed to settle a lawsuit accusing the firm of complicity in the executions of human rights activists in Nigeria for 15.5 million US dollars, revealed families of those killed. The settlement agreement came this week as the more than decade-long dispute was due to go to trial in a district court in New York.
Thursday, June 11th 2009 - 09:05 UTC
Latinamerica forecasted to contact 1.7% with mild recovery at end of 2009

Latinamerica will experience this year a 1.7% contraction (negative growth), the first time since 2002, basically because of a severe fall in global trade and remittances according to the United Nations Economic Commission for Latinamerica and the Caribbean, CEPAL.