Stories for April 2010

Saturday, April 10th 2010 - 04:49 UTC
US stocks DJ at 11.000 for the first time since September 2008

United States stocks rose Friday sending the Dow Jones Industrial Average briefly above 11,000 for the first time since September 2008, as growth in wholesale inventories added to signs the economy is strengthening.
Saturday, April 10th 2010 - 04:44 UTC
Argentina announces debt-swap and invites US corporations to invest

Argentine president Cristina Fernandez de Kirchner, CFK, speaking before the United States Chamber of Commerce confirmed that the debt-swap is to be launched between Wednesday and Thursday of next week and strongly praised Argentina’s conditions “for making business and investing”.
Saturday, April 10th 2010 - 04:42 UTC
Egypt lift restrictions on the import of Paraguayan beef

Paraguay’s Ministry of Foreign Affairs confirmed Friday Egypt had lifted the ban on Paraguayan beef exports which was imposed last December.
Saturday, April 10th 2010 - 04:40 UTC
Default “not an issue” for Greece, says ECB’s Trichet, but are markets convinced

Greek bonds and banking stocks took a massive hit on Thursday, driving the debt-stricken Euro zone member's borrowing costs to the highest level since Greece adopted the Euro currency.
Saturday, April 10th 2010 - 03:05 UTC
First lesbian marriage in Argentina: both are 67 and couple for 30 years

Two women that were exiled during the last Argentine military dictatorship (1976/1983) got married Friday in Buenos Aires, the first wedding among lesbians in the country, reported the Lesbian, Gay, Bisexual and Transgender Federation of Argentina, or FALGBT.
Friday, April 9th 2010 - 03:01 UTC
Piñera and Cristina committed to boost bilateral relations and integration

Chile and Argentina pledged Thursday to deepen bilateral relations with visiting president Sebastian Piñera saying that “the best of our relationship is yet to come” and Cristina Fernandez de Kirchner anticipating that “ideological differences” won’t be an impediment to keep advancing in cooperation and joint projects.
Friday, April 9th 2010 - 02:57 UTC
Argentina to drill two wells next to Falklands’ waters in last quarter

Several oil companies operating in Argentina have teamed up to begin hydrocarbons explorations close to Falklands’ waters. The companies have programmed to spend 140 million US dollars in two exploratory wells for which they have contracted a special drilling vessel, according to reports in the Buenos Aires press.
Friday, April 9th 2010 - 02:51 UTC
China enthusiastic about reaching agreement over Argentine soybean oil

Chinese Deputy Foreign Minister, Li Jinzhang, assured that China is “highly enthusiastic” about reaching an agreement to unlock the trade soybean oil conflict between Argentina and the Asian giant, according to Chinese media.
Friday, April 9th 2010 - 02:49 UTC
Gibraltar and Foreign Office disagree on waters’ “sovereignty” or “control”

Britain and Gibraltar will use different legal arguments in challenging the European Commission’s decision to twice approve a Spanish nature site with British Gibraltar waters. While Gibraltar is focusing on British sovereignty of the waters, Britain itself has centred its case on the issue of control, reports the Gibraltar Chronicle.
Friday, April 9th 2010 - 00:52 UTC
The Uruguayan 2003 controlled default model, a way out for Greece?

The Uruguayan default model of 2003, under the auspices of the IMF, is a possible way out for the Greek situation according to Professor Reinhart (*), a world authority in sovereign defaults. The idea surfaced in an interview with the Telegraph.co.uk, Ambrose Evans-Pritchard who has covered world politics and economics for 25 years, based in Europe, the US, and Latin America.