Stories for February 2010

Friday, February 12th 2010 - 04:41 UTC
Argentina will take the Falklands’ oil drilling case to United Nations

Argentina will be taking the case of oil exploration in Falkland Islands waters by private companies licensed by the Islands government to the United Nations, but not to the International Court of The Hague as had been suggested since the London/Buenos Aires dispute resumed a few weeks ago.
Friday, February 12th 2010 - 04:38 UTC
Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.
Friday, February 12th 2010 - 04:29 UTC
Uruguayan president elect captivates audience of Argentine businesspeople

Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.
Friday, February 12th 2010 - 04:24 UTC
Spanish economy contracts 0.1% in last quarter and 3.6% in 2009

The Spanish economy shrank by 0.1% in the last three months of 2009, making it the last major economy still in recession. INE, the national statistics agency, also said the country's GDP had contracted by 3.1% compared with the same period a year before.
Friday, February 12th 2010 - 04:11 UTC
Portugal keeps to the Euro and is contrary to a bail-out policy

Portugal, another of the “sick” countries of the EU (and member of PIGS: Portugal, Ireland, Greece, Spain), said it will not abandon the Euro.
Friday, February 12th 2010 - 04:08 UTC
Brazilian police arrest Brasilia’s governor on bribery charges

Brazilian police arrested on Thursday a key opposition party district governor on bribery charges, potentially hurting the right wing's chances in the general election this year.
Friday, February 12th 2010 - 04:03 UTC
Hopeful news for US employment: jobless benefits applications down

The number of US workers filing new applications for jobless benefits tumbled last week, a government report showed Thursday, reversing a recent spike that had raised concerns about renewed labour market weakness.
Friday, February 12th 2010 - 03:56 UTC
Abundant rainfall anticipates a record soy bean crop for Argentina

Plentiful rains are anticipating excellent summer crops in Argentina both for maize and soy beans according to the Buenos Aires Cereals Stock market and the US Department of Agriculture, USDA, estimates.
Thursday, February 11th 2010 - 19:16 UTC
Barclays’, Argentina’s debt swap operator accused of oil interests in Falklands

Two Argentine solicitors announced they will be pressing criminal charges against the Ministry of Economy for having contracted Britain’s Barclays’ bank for a major sovereign defaulted bonds swap and this financial institution is “a shareholder of Desire Petroleum, the oil company which is poised to begin exploration operations this month in Malvinas waters”.
Thursday, February 11th 2010 - 18:20 UTC
France and Germany committed to assist Greece with debt problems

European Union leaders meeting in Brussels agreed on Thursday to assist Greece with its debt problems, though EU President Herman Van Rompuy offered no details as to what that will entail.