Stories for April 7th 2010

Wednesday, April 7th 2010 - 23:57 UTC
US federal judge rules in favour of Argentine sovereign bonds “holdouts”

A United States federal judge ruled in favour of seizing 105 million US dollars from the Argentine Central Bank deposits in New York in order to pay the debt the country holds with two investment funds.
Wednesday, April 7th 2010 - 23:40 UTC
Bernanke warns US economy still faces ailing housing and employment

United States Federal Reserve Chairman Ben Bernanke cautioned the US economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market.
Wednesday, April 7th 2010 - 23:37 UTC
Chagos archipielago MPS, doubles protected area of world’s oceans

British Foreign Secretary David Miliband announced last week the creation of a Marine Protected Area (MPA) in the British Indian Ocean Territory (BIOT). The move doubles the total officially protected area of the world's oceans.
Wednesday, April 7th 2010 - 23:29 UTC
Chavez hikes basic food prices, including milk, 30% on average

Venezuela raised this week government-set price caps on milk and dairy products as much as 30% in an attempt to boost benefits for producers and head off shortages of basic goods.
Wednesday, April 7th 2010 - 22:50 UTC
First cholera case in twelve years diagnosed in Chile

The Chilean Antofagasta regional hospital diagnosed an 18-month old infant girl with cholera on Monday. Dr. Antonio Cárdenas, Chief of Paediatrics, told a local paper in Antofagasta that the infant had a virus called Vibrio Cholera.
Wednesday, April 7th 2010 - 22:44 UTC
Venezuela and Argentina have riskiest sovereign credit, says default-swap monitor

Venezuela is catalogued to be the world's riskiest sovereign credit, followed by Argentina, in the table of countries whose debt is the costliest to insure, credit default swap monitor CDS DataVision said this week.
Wednesday, April 7th 2010 - 22:34 UTC
Vatican State Secretary visits Chile in support of quake victims

The secretary of Vatican State Cardinal Tarcisio Bertone arrived in Chile this week for an extended visit which includes a meeting with President Sebastian Piñera.
Wednesday, April 7th 2010 - 22:29 UTC
Milk prices soar 21%, highest in two years pushed by Australasian squeeze

Fonterra, the world's biggest dairy exporter, has said that a seasonal squeeze on Australasian milk supplies is behind a 21% jump in prices to their highest in nearly two years.
Wednesday, April 7th 2010 - 22:19 UTC
Cash-strapped Cuba cuts US food imports drastically

United States agricultural exports to Cuba declined by more than 180 million USD in 2009, down from a record 715 million USD in exports set in 2008, according to a Texas AgriLife Extension Service economist.
Wednesday, April 7th 2010 - 21:12 UTC
Uribe said WEF in Cartagena confirms success of “democratic security” policy

The significant and numerous attendances to the World Economic Forum, Latin American chapter, taking place in Cartagena, Colombia, shows that “the Democratic Security policy has gained back confidence in Colombia” said Colombian President Álvaro Uribe during a radio interview.