Stories for May 9th 2012

Wednesday, May 9th 2012 - 21:09 UTC
Spanish government has abandoned the Trilateral Forum, claims Gibraltar

The Gibraltar Government issued a statement on Tuesday saying it took note of comments made by Foreign Minister Jose Manuel Garcia-Margallo indicating the Spanish government is abandoning the Trilateral Forum which involved three-side talks: Spain, UK and Gibraltar.
Wednesday, May 9th 2012 - 20:56 UTC
Mercosur “going through its worst moment in history” claims Uruguay

Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.
Wednesday, May 9th 2012 - 19:14 UTC
India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk

India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.
Wednesday, May 9th 2012 - 18:32 UTC
The Queen addresses Parliament setting out government policy

Queen Elizabeth II gave her “Queen's Speech” to Britain's parliament Wednesday, setting out government policy for the coming year as the ruling coalition sought to fight back after a dismal month.
Wednesday, May 9th 2012 - 18:18 UTC
Spain to unveil on Friday plan to clean up exposed banks to the property crash

Spanish shares have fallen and the interest rate on the country's benchmark 10-year bond has risen amid fresh worries over the banking sector. The Ibex market fell by 3% and bond yields rose above 6%, a level seen as unsustainable.
Wednesday, May 9th 2012 - 17:59 UTC
Goldman Sachs raises price target for Falklands’ Rockhopper Exploration

Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.
Wednesday, May 9th 2012 - 17:51 UTC
Argentina says UK/Latam relations could falter if Falklands issue remains unsolved

British relations in South America could falter if the UK Government refuses to hold talks on the Falkland Islands sovereignty with Argentina, the country’s ambassador to London said this week.
Wednesday, May 9th 2012 - 08:24 UTC
CFK says nationalization is not rooted in ideology or populism, but disastrous private management

Argentine President Cristina Fernández vindicated on Tuesday the nationalization of public services and said that all decisions made “are not rooted in ideology or populist decisions. It’s the disaster caused by the concessionary companies that forces us to intervene”.
Wednesday, May 9th 2012 - 08:21 UTC
Argentine Vice President, in Washington, invited US oil companies to invest in YPF

Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol.
Wednesday, May 9th 2012 - 08:15 UTC
Brazil ready to boost trade with Argentina but demands “compromise” on lowering barriers

The potential to treble imports from Argentina in a few years was underlined by Brazilian manufacturers but there must be a “compromise of reciprocity” to lower trade barriers since currently “we known they are higher on the Argentine side”.