MercoPress. South Atlantic News Agency
Stories for December 6th 2010
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Monday, December 6th 2010 - 07:32 UTC
Falkland Islands: Desire drilling update
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, today provides the following update on the latest logging results from the 14/15-2 Rachel North well which, following additional wireline data, will be plugged and abandoned with oil shows .
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Monday, December 6th 2010 - 05:38 UTC
Wikileaks messages generate rift at Mar del Plata’s summit on education and democracy
The commitment to end illiteracy in the next five years and the overwhelming approval of a democratic clause in support of institutional democracy was the outstanding consensus of the Ibero-American leaders’ summit held in Mar del Plata hosted by President Cristina Fernandez de Kirchner.
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Monday, December 6th 2010 - 05:35 UTC
Lula da Silva praised the Argentina/Brazil strategic alliance Kirchner helped forge
Brazilian president Lula da Silva praised the late Argentine president Nestor Kirchner saying he was the leader who helped Argentines recover their self-esteem and marked a historic change in relations between Brazil and Argentina.
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Monday, December 6th 2010 - 05:23 UTC
EU governments’ support for financial sector 4.5 tr Euros; UK top of the list
European Union states have underwritten their financial sectors with 4.5 trillion Euros of aid since the banking crisis hit. Top of the league is the UK, which pledged 850.3bn Euros of support between October 2008 and October 2010.
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Monday, December 6th 2010 - 05:17 UTC
Federal Reserve names banks that appealed to its emergency loans
The US Federal Reserve has named the companies that used its emergency loan facilities during the financial crisis and revealed how much they borrowed. Details of more than 21,000 transactions aimed at stabilising financial markets have been posted on the Fed's website.
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Monday, December 6th 2010 - 05:15 UTC
Germany reaffirms commitment to Euro as markets test EU monetary union
German Finance minister Wolfgang Schaeuble said financial markets are currently testing whether the Euro zone will survive but he insisted the 16-nation monetary union won't break up. However he also warned about the risk of the emergence of an anti-Euro party.
