Stories for March 2012

Monday, March 26th 2012 - 09:40 UTC
US supports competition but confident its nominee will lead the World Bank

Jim Yong Kim, the US nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, US Treasury Secretary Timothy Geithner said in an interview.
Monday, March 26th 2012 - 09:36 UTC
Peruvian president joins the controversy on the turning back of HMS Montrose

Peruvian president Ollanta Humala supported Foreign Affairs minister Rafael Roncagliolo following the impasse with the British embassy in Lima that strongly criticized the last minute cancelling of the protocol visit of HMS Montrose to El Callao.
Monday, March 26th 2012 - 09:23 UTC
Relief for Dublin? Ireland on the verge of becoming significant producer of oil

The euphoria around a small-to-medium oil discovery off the southwest coast of Ireland may be overblown but the country could yet become a significant producer if it can replicate the drilling success in much deeper waters to the west
Monday, March 26th 2012 - 09:18 UTC
BP given permission to drill controversial deep-water well west of Shetland

Oil giant BP has been given consent to drill a controversial deep-water well west of Shetland. The North Uist well is about 125km to the north west of the islands, at a depth of nearly 1,300m. The UK government's Department of Energy and Climate Change (DECC) said it had thoroughly examined BP's environmental impact and emergency response plans.
Monday, March 26th 2012 - 09:13 UTC
Cameron and his “Deepsea Challenger” reach the deepest place in the ocean: 11km

Hollywood director James Cameron has plunged nearly 11km down to the deepest place in the ocean, the Mariana Trench in the western Pacific. He made the descent alone in a prototype submarine called “Deepsea Challenger”, taking around two hours to reach the bottom.
Monday, March 26th 2012 - 09:04 UTC
PM Cameron caught in Conservative party fund raising scandal

Prime Minister David Cameron pledged to investigate why a senior Conservative party fundraiser offered exclusive access to him in return for donations of 396,700 dollars a year.
Monday, March 26th 2012 - 08:59 UTC
Printing money does not lead to inflation, argues Argentine central bank president

The president of Argentina’s Central Bank (BCRA), Mercedes Marcó del Pont, stressed the importance of the recently approved bank’s charter reform and denied that printing currency leads to the creation of an inflationary state “since inflation is rooted in other causes”.
Monday, March 26th 2012 - 08:41 UTC
Benedict in Mexico condemns drug trafficking, corruption and ‘futile acts of revenge’

Pope Benedict at a huge outdoor Mass on Sunday condemned drug trafficking and corruption in Mexico, urging people to put aside violence and revenge in the country where a murderous war between cartels has led to tens of thousands of deaths.
Monday, March 26th 2012 - 08:30 UTC
Argentina to raise oil export price to 63 dollars per barrel from the current 42

Argentina’s Energy Secretary Daniel Cameron will propose that oil prices for export be raised to 63 dollars per barrel from the current 42 dollars, the Argentine newspaper La Nacion reported Sunday on its website.
Monday, March 26th 2012 - 08:25 UTC
A majority of Brazilian (54%) joined the ranks of middle class in eight years

The number of Brazilians categorized as middle class has risen rapidly in recent years, climbing from 34% of the population in 2004 to 54% in 2011, according to a study released by consumer finance firm Cetelem BGN and the Ipsos research institute.