Stories for January 2012

Friday, January 13th 2012 - 21:13 UTC
Several groups interested in taking over bankrupt American Airlines

US Airways Group, Delta Airlines and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp, the bankrupt parent of American Airlines according to US financial media reports.
Friday, January 13th 2012 - 21:02 UTC
Trade of illegal pesticides booming in Europe under control of organized crime

The trade of illegal and counterfeit pesticides is proliferating in Europe reports Europol. The exceptional ‘low risk – high profit’ margin, combined with the lack of harmonisation in legislation and implementation, make this a fast growing area of organised crime.
Friday, January 13th 2012 - 20:15 UTC
Non-official Argentine inflation hits 1.9% in December and 22.81% in 2011

Argentine opposition lawmakers presented December’s consumer inflation index based in the analysis of nine private agencies, which showed a 1.9% increase over the previous month and totalling 22.81% for the twelve months of 2011, roughly double the official index.
Friday, January 13th 2012 - 19:51 UTC
Obama asks Congress for a 1.2 trillion dollars increase in US debt limit

US President Barack Obama formally notified Congress that he plans a 1.2 trillion dollars increase in the US debt limit, setting the stage for Republicans to level election-year charges that deficits are out of control.
Friday, January 13th 2012 - 19:21 UTC
Oil company ensures funds for a Falkland Islands’ two-well drilling round

UK-based Falkland Oil and Gas (FOGL) announced on Friday it has raised £48.5m (74.3m dollars) through a placing of new ordinary shares to fund drilling of exploration wells in Falkland Islands while it continues active discussions with potential partners for a farm-out.
Friday, January 13th 2012 - 14:48 UTC
Falklands plans to export 30.000 lambs this season from upgraded abattoir

The Falkland Islands Meat Company (FIMCo) may export up to 30,000 lambs in the coming season compared to 26,000 last year in an abattoir successfully upgraded by local companies, reports the Penguin News in this week’s edition.
Thursday, January 12th 2012 - 21:52 UTC
FAO Food prices index in spite of mild drop, reached highest average in 2011

Food prices fell in December 2011 with the FAO Food Price Index dropping 2.4%, or five points from November, FAO said on Thursday. At its new level of 211 points, the Index was 11.3% (27 points) below its peak in February 2011.
Thursday, January 12th 2012 - 21:48 UTC
ICANN opens registry for new generic top-level domains; application fee 185.000 dollars

Internet Corporation for Assigned Names and Numbers (ICANN) has begun accepting applications for new generic top-level domains (gTLDs). Currently, there are 22 top-level domain endings, such as .com, .info and .org.
Thursday, January 12th 2012 - 21:31 UTC
Argentina and IMF moving closer, admit holding regular bilateral contact

Speaking at a press conference from Washington DC on Thursday, IMF acting director of External Relations Gerry Rice said the organization’s directors “will meet in late January or early February to analyze the progress made in Argentina’s statistics”.
Thursday, January 12th 2012 - 21:28 UTC
ECB says flood of ‘cheap money’ helping the Euro zone banking system

The European Central Bank's flood of cheap three-year money is helping the Euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilisation, president Mario Dragui said on Thursday.