Stories for May 11th 2012

Friday, May 11th 2012 - 23:46 UTC
President Mujica is welcome at the White House whenever he wishes, says US ambassador

United States ambassador Julissa Reynoso said Uruguayan president Jose Mujica is welcome to the White House whenever he wishes, and revealed that Uruguay is in the short list of countries that soon could be exempted from requiring a visa to travel to the US.
Friday, May 11th 2012 - 23:42 UTC
Falklands’ students spend time in Punta Arenas as part of an exchange program

Students from the Falkland Islands Community School (FICS) have returned from a two week exchange visit to Punta Arenas in Chile, reports the latest edition from the Penguin News.
Friday, May 11th 2012 - 21:43 UTC
Hague describes Chile as one of UK’s “greatest friends in the region”

UK Foreign Secretary William Hague praised Chile during a meeting in London with his peer Alfredo Moreno to discuss a range of issues on which the two countries can work together.
Friday, May 11th 2012 - 21:15 UTC
IAE warns Argentina YPF seizure could scare away international oil companies

Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.
Friday, May 11th 2012 - 21:10 UTC
Spain in another clean-up of its financial system hoping to restore confidence

Spain told its banks on Friday to set aside another 30 billion Euros to cover potential losses on real estate and ordered an independent audit of their debts, an effort to restore confidence in a sector that is at the heart of the country's financial crisis.
Friday, May 11th 2012 - 21:01 UTC
“Malvinas usurpation” affects all South American nations, argues Argentina

Defence Minister Arturo Puricelli once again claimed Argentine sovereignty over the Falklands/Malvinas Islands at the Unasur headquarters in Ecuador and warned that “the usurpation of the Islands affects all of the South American nations” plus insisting on the military/civilian ration in the Islands.
Friday, May 11th 2012 - 15:38 UTC
Indian leading oil company in talks to buy 25% stake in Falklands’ exploration block

The overseas arm of Indian state-owned Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd is in talks to buy 25% stake in an exploration block off Falkland Islands in the South Atlantic, reports The Economic Times from New Delhi.
Friday, May 11th 2012 - 15:20 UTC
Borders & Southern begins drilling its second well to the south of the Falklands

Falkland Islands exploration company Borders & Southern (AIM: BOR) announced the spudding of its second well, 61/25-1, on 11 May 2012. The well is located 170 km south of the Falkland Islands.
Friday, May 11th 2012 - 13:10 UTC
Irish experience advice on how to rid banks of toxic real estate assets

Spain’s plan to rid banks of toxic real estate assets is reviving the politically heated debate over how creditors and taxpayers should share the vast losses still being incurred by the Euro zone debt crisis. Nowhere is the issue in sharper relief than in Ireland.
Friday, May 11th 2012 - 13:06 UTC
BRIC members, Indonesia, Philippines and Chile lead in air travel growth

Asia leads the world’s growth in air travel and holds seven out of the ten busiest inter-city routes. In addition to the BRIC markets, Indonesia, the Philippines, and Chile showed an impressive growth, according to analysis by the market intelligence solution Amadeus Total Demand.