Stories for May 16th 2011

Monday, May 16th 2011 - 20:33 UTC
IMF chief denied bail remains in custody in New York

IMF Dominique Straus-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Monday, May 16th 2011 - 17:51 UTC
Argentine court rules prescription of abuses and tortures against Malvinas conscripts

The cases of abuse, ill treatment, torture and alleged homicides committed against Argentines conscripts by their officers, some of them still on active service, during the 1982 Malvinas war were declared prescribed.
Monday, May 16th 2011 - 16:04 UTC
Plastic made HMS Ramsey mine-hunter heads for the Middle East

A Royal Navy warship that was made from plastic rather than metal to avoid triggering mines was due to set sail to the Gulf from its base at Faslane. HMS Ramsey was made from glass-reinforced plastic so can get near mines where other Navy ships cannot.
Monday, May 16th 2011 - 15:51 UTC
Brazil justifies import licences for the auto sector, and insists they are not targeted on Argentina

Brazilian Development, Industry and Foreign Trade minister Fernando Pimentel justified trade barriers imposed last week on the import of cars, a measure which was strongly criticized by the Argentine government.
Monday, May 16th 2011 - 06:38 UTC
Major setback for President Mujica and for the Uruguayan ruling coalition

The administration of Uruguayan president Jose Mujica suffered a major setback over the weekend and could experience a further showdown on Thursday when members of the ruling coalition vote in Parliament the annulment of an Amnesty or Crimes expiration law which impedes the investigation of human rights violations committed during the country’s military dictatorship (1973/1985).
Monday, May 16th 2011 - 05:02 UTC
Beijing promises more trade and investments but Argentina must respect Chinese exports

China Trade Minister Chen Deming promised to further increase bilateral trade with Argentina which last year reached 13.5 billion US dollars but also asked for reciprocity regarding China’s exports.
Monday, May 16th 2011 - 03:24 UTC
Sarkozy: no support for EU/Mercosur trade deal that cuts farmers’ income

French president Nicholas Sarkozy stressed over the weekend he would not accept an European Union-Mercosur trade agreement that could mean a loss of income for European farmers.
Monday, May 16th 2011 - 03:20 UTC
“Kirchner and Moyano have been partners since day one” blasts Buenos Aires mayor

The mayor of Buenos Aires City Mauricio Macri blasted Argentine President Cristina Fernández de Kirchner and assured that despite her recent criticism towards CGT Labour Confederation leader Hugo Moyano “the Government and him have been partners since day one”.
Monday, May 16th 2011 - 03:14 UTC
Brazil, India current account deficits leads to ‘inevitable’ crisis warns China

China will be able to avoid a financial crisis that is due to hit other developing countries over the next five to 10 years a central bank adviser was quoted as saying on Saturday.
Monday, May 16th 2011 - 03:07 UTC
US inflation slowed down during April to 0.4% from 0.5% in March

Inflation in the United States slowed in April, mainly due to smaller price rises in fuel and food. Consumer prices rose 0.4% in April, having risen 0.5% in March, according to figures from the Labour Department.