Stories for June 2010

Tuesday, June 8th 2010 - 11:26 UTC
Pound falls as Fitch warns of UK's ‘formidable’ debt challenge

The pound fell in late morning deals after credit ratings agency Fitch warned the debt challenge facing the UK government was 'formidable', and that cuts would have to be deeper and quicker than former chancellor Alistair Darling had planned.
Tuesday, June 8th 2010 - 05:47 UTC
Germany and UK deciding drastic budget cuts; fears in the rest of Europe

German Chancellor Angela Merkel is holding a special, two-day cabinet meeting to come up with a savings plan for the country's budget. Berlin wants to rein in its deficit to meet European Union rules, as a sovereign-debt crisis has hit markets and the Euro in the past few months.
Tuesday, June 8th 2010 - 05:45 UTC
PM Cameron reiterates full support for Falklands’ freedom and self determination

British Prime Minister David Cameron reiterated the support of his government for the freedom and self determination of the Falkland Islands, in a letter addressed to members of the Islands’ Legislative Assembly which was made public on Monday.
Tuesday, June 8th 2010 - 05:42 UTC
World Ocean Day 2010: opportunities and challenges

The United Nations Organization (UN) celebrates on Tuesday 8 June World Ocean Day under the theme: 'Our oceans: opportunities and challenges'. The UN General Assembly instituted this celebration from 2009, by its resolution 63/111, issued 5 December, 2008.
Tuesday, June 8th 2010 - 05:39 UTC
Argentina imposes strict rules on foreign-exchange trading

Argentina tightened foreign-exchange rules Monday in a step it says is aimed at limiting money laundering and tax evasion, but which most observers say it is geared to restrict the flow of dollars.
Tuesday, June 8th 2010 - 05:35 UTC
Argentina’s head of fisheries flatly denies “uncontrolled hake catches”

Argentina’s head of the Fisheries and Aquaculture Under Secretariat Norberto Yauhar openly denied the alleged collapse of hake (Merluccius hubbsi) fishery in the South Atlantic and claims of absence of control measures and management to ensure its sustainability.
Tuesday, June 8th 2010 - 04:05 UTC
Uruguayan announces more “active role” in exchange market to boost exports

The Uruguayan government plans a more active role in the foreign exchange market with the purpose of boosting exports competitiveness that have been suffering from the sliding depreciation of the US dollar.
Tuesday, June 8th 2010 - 03:56 UTC
OAS agreed Monday to create high level group to decide on Honduras

The Organization of American States, OAS, agreed Monday to create a high level group to assess conditions for the re-entry of suspended Honduras, announced Peruvian Foreign Affairs minister Jose Antonio García Belaúnde
Tuesday, June 8th 2010 - 03:53 UTC
Petrobras controls spill at offshore rig while transferring oil to ship

Brazil’s government managed oil and gas corporation Petrobras announced Monday it had controlled an oil leak at an offshore platform in the Campos Basin, 160 kilometers from Rio do Janeiro.
Tuesday, June 8th 2010 - 01:17 UTC
Growing number of Argentines optimistic about the economy in 2011

An increasing number of Argentines have growing expectations about their country’s economy well into 2011 when presidential elections are scheduled to take place, according to a public opinion poll published this weekend in the Buenos Aires press.