MercoPress. South Atlantic News Agency
Stories for February 23rd 2011
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Wednesday, February 23rd 2011 - 06:50 UTC
US Supreme Court rejects Argentine appeal to unfreeze assets held in trust
The US Supreme Court on Tuesday rejected Argentina's appeal in its long-running legal effort to unfreeze some assets held in trust since 2007, following on its roughly 100 billion US dollars debt default five years earlier.
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Wednesday, February 23rd 2011 - 06:45 UTC
Fourth quarter unemployment in Argentina down to 7.3%, says Indec
Argentina's unemployment rate fell to 7.3% in the fourth quarter of 2010, according to a Tuesday release from the country’s national statistics institute, Indec. Argentine President Cristina Fernandez de Kirchner had announced the number informally in a speech last week.
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Wednesday, February 23rd 2011 - 06:33 UTC
Brazil’s top private banker denies any risk of a credit bubble in the country
The president of Brazil’s private bank Itau brushed aside risks of a credit bubble in the country and underlined that sustained economic growth will be rewarded by an expansion of between 15% and 20% in its credit portfolios in 2011.
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Wednesday, February 23rd 2011 - 06:32 UTC
Biotech crops keep advancing and currently cover over a billion hectares
The amount of land devoted to genetically engineered crops grew 10% last year, and 7% in the year before, as farmers in major grain and soy exporting countries such as Brazil and Argentina continued to adopt the new seeds.
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Wednesday, February 23rd 2011 - 06:24 UTC
Ireland flatly opposes beef quotas in current EU/Mercosur trade talks
Beef quotas being sought by the Mercosur countries as part of the ongoing negotiations with the EU were “simply not acceptable”, said Ireland’s Minister for Agriculture, Brendan Smith.
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Wednesday, February 23rd 2011 - 06:14 UTC
Refurbished HMS York scheduled to arrive in the Falklands mid March
The Royal Navy HMS York based in Portsmouth is on her way to the South Atlantic to conduct maritime security patrols. The refurbished Type 42 destroyer will spend the majority of the five-month deployment patrolling the British South Atlantic islands including the Falklands and South Georgia.
