Stories for June 2010

Thursday, June 24th 2010 - 04:00 UTC
Strong austerity measures anticipate Spain will slip back into recession

The Spanish economy will slip back into recession in the second half of the year, a foundation supported by the country’s savings banks said in a publication released Wednesday.
Thursday, June 24th 2010 - 02:27 UTC
Soros warns that Germany’s policies threaten the Euro and European Union

Germany's budget savings policy risks destroying the European project and a collapse of the Euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview.
Thursday, June 24th 2010 - 02:24 UTC
Lack of compromise questions credibility of International Whaling Commission

Attempts to agree a compromise between whaling nations and their opponents at the International Whaling Commission's (IWC) annual meeting in Morocco have failed. After two days of private discussions, delegates reported they had been unable to reach agreement on major issues.
Thursday, June 24th 2010 - 02:08 UTC
Mercosur “too small” for Brazil, claims Sao Paulo federation of industries

One of Brazil’s most influential lobbies, the Sao Paulo Federation of Industries, FIESP, claims that Mercosur is an economic space “too small” given the development and “growing international presence of Brazil”.
Wednesday, June 23rd 2010 - 04:50 UTC
Timerman at the UN to deal with the Malvinas “anachronistic colonial issue”

Argentina’s newly appointed Foreign Affairs minister Hector Timerman confirmed Tuesday he will be present next Thursday/Friday at the United Nations when the Decolonization Committee addresses the “anachronistic colonial issue of the Malvinas Islands”
Wednesday, June 23rd 2010 - 04:45 UTC
Top colours for Uruguayan president Mujica in his first 100 days

Uruguayan president Jose Pepe Mujica is riding high on public opinion approval in his first 100 days in office. According to the latest data from several pollsters, Mujica has an approval rating of 74%, which is 13 and 16 percentage points more than his two immediate predecessors Tabare Vazquez and Jorge Batlle.
Wednesday, June 23rd 2010 - 04:36 UTC
Argentine UN ambassador confident US will eventually play a part in Falklands’ dispute

Argentine ambassador before United Nations Jorge Agüello said it “is only a matter of time” before the country recovers Falklands/Malvinas sovereignty and anticipated that Washington would play a “dialogue-facilitating” role with the UK in the long standing dispute.
Wednesday, June 23rd 2010 - 04:17 UTC
Argentine congress to vote bill discriminating companies working in the Falklands

Argentina’s Lower House issued on Tuesday a majority opinion, without dissent, on the bill that contemplates sanctions for companies that operate in Argentina and that wish to participate or are involved in oil activities in the Falklands/Malvinas Islands area under British administration.
Wednesday, June 23rd 2010 - 04:09 UTC
UK, France and Germany slap coordinated levy on banks

Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced -The levy is part of a joint move between the UK, France and Germany.
Wednesday, June 23rd 2010 - 03:55 UTC
Argentina’s debt-swap acceptance expected to reach 70%

The latest available information on the Argentine debt-swap reported a higher acceptance rate than was anticipated by market analysts reaching 68.3%, which is above the self imposed 60% floor by Argentine authorities. The news was released by Buenos Aires financial daily Ambito Financiero.