Stories for May 25th 2010

Tuesday, May 25th 2010 - 10:26 UTC
Argentina’s Soy King praises Uruguay and its farming revolution

Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.
Tuesday, May 25th 2010 - 06:22 UTC
Brazil closer to control the whole industrial cycle of uranium processing

Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.
Tuesday, May 25th 2010 - 06:17 UTC
Fears of Europe’s debt crisis on global recovery hits Brazil’s Real

Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.
Tuesday, May 25th 2010 - 06:15 UTC
US declares “fishery emergency” in the Gulf of Mexico because of BP oil spill

United States Commerce Secretary Gary Locke on Monday declared a fishery disaster in the Gulf of Mexico because of the economic impact of the Deepwater Horizon oil spill on fisheries in the region.
Tuesday, May 25th 2010 - 06:09 UTC
Korea, China and Japan agree on closer investment and trade partnership

Top trade officials from Korea, China and Japan agreed Sunday to forge a three-way investment treaty this year as part of efforts to spur economic partnership among the three nations, announced the Korean Ministry of Foreign Affairs and Trade.
Tuesday, May 25th 2010 - 06:01 UTC
On inaugurating second term Insulza calls for a “genuinely multilateral OAS”

The Secretary General of the Organization of American States (OAS), José Miguel Insulza, said upon taking office for his second term at a special session of the Permanent Council that “those who seek to show an inactive OAS must face the reality of an always present OAS, and those who accuse the OAS of complicity or partiality end up giving examples of the OAS at a different time, for lack of evidence of any instance of partiality during this period”.
Tuesday, May 25th 2010 - 05:59 UTC
Argentina rejects UK complaints, demands Falklands’ sovereignty talks

Argentina rejected Monday Britain’s complaints about maritime controls in the South Atlantic and again condemned the “unilateral and illegitimate acts” of the UK regarding hydrocarbons exploitation in the continental shelf of the Malvinas/Falklands, South Georgia and South Sandwich Islands.
Tuesday, May 25th 2010 - 00:57 UTC
IMF bluntly tells Spain austerity and reform measures are not enough

The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.
Tuesday, May 25th 2010 - 00:52 UTC
Beckham on goodwill visit to UK and US troops in Afghanistan

English football star David Beckham this week visited Camp Bastion, the main British base in Afghanistan for a goodwill visit to meet British and US Armed Forces.
Tuesday, May 25th 2010 - 00:43 UTC
UK outlines start of massive cuts to “wasteful spending across the public sector”

Less than a fortnight after the Conservative-Liberal Democrat coalition took power in Britain, Chancellor of the Exchequer George Osborne outlined plans to cut £ 6.2 billion pounds (8.92 billion USD) from government spending to help reduce the budget deficit.