Stories for May 26th 2010

Wednesday, May 26th 2010 - 19:50 UTC
Falklands hopes for stable relationship with Argentina

THE Falkland Islands Government still hopes for a stable relationship with Argentina stated Falklands Governor Alan Huckle in his Government budget address today. He told assembled Members of Legislative Assembly, “It remains the hope of both the British and Falkland Islands Governments to have a stable, co-operative relationship with the people and Government of Argentina.”
Wednesday, May 26th 2010 - 06:30 UTC
Government plans taxing overseas assets of residents in Uruguay

Uruguay is planning to tax deposits and other assets held overseas by residents in the country. The bill which has been drafted and promises to be controversial is expected to be sent for legislative consideration in coming days announced Economy minister Fernando Lorenzo.
Wednesday, May 26th 2010 - 06:25 UTC
IMF chief warns Brazilian economy runs risk of ‘overheating’

The Brazilian economy can grow as much as 7% this year, raising the risk of overheating, said on Tuesday International Monetary Fund Managing Director Dominique Strauss- Kahn, who described Brazil as “a success story”.
Wednesday, May 26th 2010 - 06:21 UTC
Argentina, full of confidence at home and abroad, including the Malvinas Islands

Argentina formally appealed to the British government to discuss sovereignty over the Falklands/Malvinas Islands in a column signed by Foreign Affairs minister Jorge Taiana, published Tuesday in The Guardian in coincidence with the commemoration of Argentina’s bicentenary.
Wednesday, May 26th 2010 - 06:13 UTC
Chilean investments abroad rise sharply in first quarter of the year

In the first quarter of 2010 Chilean businesses invested 1.7 billion US dollars abroad, seven times more than in the same period in 2009, according to the Santiago Chamber of Commerce (CCS).
Wednesday, May 26th 2010 - 06:09 UTC
Buenos Aires re-inaugurates an impressive re-furbished Teatro Colon

Buenos Aires iconic Colón Theatre, probably the world’s most impressive opera house known for its acoustics, shone once again Monday evening with a gala that launched its re-opening after a three-year restoration process, as the milestone of Argentina’s Bicentenary celebrations.
Wednesday, May 26th 2010 - 05:56 UTC
Financial regulation should be coordinated internationally, says IMF

The world avoided a great economic depression and will recover thanks to close cooperation from the international community, said IMF chief Dominique Strauss-Kahn.
Wednesday, May 26th 2010 - 05:50 UTC
Falkland Islands joins International Association of Prosecutors

The Falkland Islands Government legal department has been granted organisational membership of the International Association of Prosecutors (IAP). Membership is considered a recognition that rule of the law and independence of prosecution in that country complies with internationally accepted standards.
Wednesday, May 26th 2010 - 05:48 UTC
US Judge seizes 2.43 billion USD Argentine government deposits in New York

New York Federal Judge Thomas Griesa seized 2.43 billion US dollars that Argentina’s government owned Banco Nación had deposited in the city in response to a claim presented by a group of Argentine bondholders that did not make it into the debt-swap.
Wednesday, May 26th 2010 - 04:09 UTC
Italy joins the Euro-support club; announces budget cuts of 24 billion Euros

Italy joined Tuesday the group of European countries that have decided to trim government spending in an effort to convince investors that Euro nations are capable of fiscal balance and defending the single currency.