Stories for 2010

Tuesday, September 14th 2010 - 03:57 UTC
S&P raises Argentina’s long term credit rating based on an improving economy

Standard & Poor's raised on Monday its long-term foreign currency credit rating on Argentina by one notch, to B from B-minus, citing declining debt levels and an improving economy in 2010.
Tuesday, September 14th 2010 - 03:55 UTC
OPEC born in Baghdad in 1960 with five members, changed the energy world

The Organization of Petroleum Exporting Countries turns 50 years old Tuesday having survived a tumultuous history of wars, embargoes and in-fighting. The world’s oldest and largest energy producer group is now enjoying prices close to the 75 USD a barrel level that its largest member Saudi Arabia considers “ideal.”
Tuesday, September 14th 2010 - 03:50 UTC
IMF warns no financial crisis is over with a “wasteland of unemployment”

The global recession has created a “wasteland of unemployment” that is likely to leave scars on society for years to come, unless action is taken to address the jobs crisis, IMF Managing Director Dominique Strauss-Kahn warned.
Tuesday, September 14th 2010 - 03:48 UTC
Dictators’ illicit funds in Swiss banks will be returned to pillaged countries

A new law on returning illicit dictator funds that are deposited in Swiss banks has been approved by the Swiss parliament.
Tuesday, September 14th 2010 - 03:43 UTC
Paraguayan president health condition causes unrest among lawmakers

Paraguayan president Fernando Lugo undergoing treatment for a lymphatic cancer is limiting activities to “administrative affairs” while a growing number of opposition lawmakers are seriously considering requesting his resignation or a larger share of responsibilities with his Vice-President Federico Franco.
Tuesday, September 14th 2010 - 03:08 UTC
Wide ranging trade deal brings Taiwan closer to China

A historic trade deal between China and Taiwan took effect Sunday signalling improvement in relations between the two countries after they were split by a civil war over 60 years ago.
Tuesday, September 14th 2010 - 02:57 UTC
Uruguay feels Mercosur is a diplomatic club, still too distant from the people

Mercosur is currently a “Foreign Affairs ministries club” which has failed in getting people involved in the integration idea and process, said Uruguayan Foreign Secretary Luis Almagro during a press conference Monday at Government House.
Tuesday, September 14th 2010 - 00:46 UTC
Cuba with unions support announces elimination of 500.000 jobs to boost economy

The Cuban government will cut more than 500,000 state jobs by March as part of a plan to reduce inefficiencies, the country’s largest union said in a statement. The reductions are part of President Raúl Castro’s goal of eliminating 1 million state jobs by 2015, according to the statement.
Monday, September 13th 2010 - 22:17 UTC
EU Trade commissioner in Brazil to advance trade talks with Mercosur

European Union Trade Commissioner Karel De Gucht is expected in Brazil to advance trade talks with Mercosur. Brazil currently holds the Mercosur rotating chair. The top EU official will visit Argentina later in the week.
Monday, September 13th 2010 - 22:06 UTC
Argos confirms Falklands’ waters exploratory oil drilling for second half of 2011

In the first six months of 2010 Falkland Islands based Argos Resources has made significant progress in developing its PL001 Licence in the North Falkland Basin, to anticipate it will begin an exploratory hydrocarbons drilling campaign in the second half of 2011.