Stories for June 2009

Thursday, June 11th 2009 - 06:21 UTC
Low inventories push crude to 71 USD, highest in seven months

Crude prices continued to surge on Wednesday, rallying on the news that US inventories fell more than expected and Chevron confirmed a fire at its Nigerian oil facility. Light, sweet crude for July delivery jumped 1.32 dollars, 1.9%, to settle at 71.33 dollars a barrel on the New York Mercantile Exchange, the highest close in seven months.
Thursday, June 11th 2009 - 03:20 UTC
Argentine opposition calls for close trade, education, culture ties with Falklands

Argentina should insist in developing the natural interdependency between the Malvinas Islands and the rest of Argentine territory, promoting sea and air links to help develop trade, educational and cultural ties with Islanders, according to Hipolito Solari Irigoyen, a political figure from the opposition Radical party and international jurist.
Wednesday, June 10th 2009 - 13:29 UTC
Falklands set for ‘peaceful’ relationship with new FCO Overseas Territory official?

The Falkland Islands may be set to have a more peaceful relationship with the new Parliamentary Under Secretary of State for the Overseas Territories, than with the last.
Wednesday, June 10th 2009 - 13:21 UTC
Flight 447: Airlines rush to change Airbus speed sensors

As Brazilian divers continue to recover bodies and remains of Air France Flight 447 wreckage, airlines worldwide are scrambling to replace plane speed sensors on a number of Airbus jets in the aftermath of the accident.
Wednesday, June 10th 2009 - 08:00 UTC
Over 70 Argentine officers face trial for torturing conscripts in Malvinas

An Argentine federal judge considers the abuses allegedly suffered, --in over eighty cases-- by Malvinas war veterans during the 1982 Malvinas war as “crimes against humanity” and therefore “imprescriptible”, according to reports in the Buenos Aires press.
Wednesday, June 10th 2009 - 07:55 UTC
Argentina will consume Uruguayan beef for bicentenary celebration

Argentina will celebrate its bicentenary consuming Uruguayan beef forecasted the president of the powerful farmers’ association Argentine Rural Society, Hugo Biolcati. Production won’t be enough to cover Argentina’s demand next year, “either we bring per capita consumption down from 70 kilos to 50 kilos, or we import beef and it won’t be cheap”.
Wednesday, June 10th 2009 - 07:46 UTC
Peruvian minister resigns over killings in clashes with Indians

Carmen Vildoso, Peru's Minister of Woman's Affairs and Social Development, submitted her resignation from the cabinet late Monday on discrepancies over how the government managed the unrest of indigenous peoples in northern Peru that left at least sixty dead and dozens wounded.
Wednesday, June 10th 2009 - 07:34 UTC
US banks ready to repay bail-out money, but fears of further credit crunch

Ten of the largest US banks will be able to repay 68 billion US dollars in government bail-out money, the US Treasury says, a sign the financial crisis is easing. President Barack Obama welcomed the move but said it was not a sign that “our financial troubles were over”.
Wednesday, June 10th 2009 - 02:49 UTC
Brazil in recession, but mild recovery expected at end of 2009

Brazil's economy is showing clear signs of economic recovery though it requires additional fiscal and monetary stimulus to ensure growth this year, said on Tuesday Finance Minister Guido Mantega reacting to the latest data which showed the country had fallen into technical recession.
Wednesday, June 10th 2009 - 02:39 UTC
Argentina declares Darwin memorial “national historic place”

The Argentine cemetery in Darwin, Falkland Islands, has been declared by the Argentine government a “national historic place”. The bill with the initiative was approved by Congress on May 13 and promulgated June 4th, according to the Tuesday publication in the official gazette.