Stories for May 2012

Wednesday, May 23rd 2012 - 06:56 UTC
The US dollar stronger than the Euro in Argentina’s parallel market

For the second day running the Argentine Peso weakened against the US dollar climbing half a cent from Monday and closing at 4.43 and 4.48 on the local foreign exchange market.
Wednesday, May 23rd 2012 - 06:28 UTC
Ambassador Castro embroiled in controversy over Falklands and “possible constitutional reform”

Argentine ambassador in UK Alicia Castro rejects having mentioned during a conference in London the “possibility of a constitutional reform” to incorporate the results in the event of a sovereignty negotiation over the disputed Falklands/Malvinas Islands.
Wednesday, May 23rd 2012 - 03:59 UTC
Buenos Aires police de-activate bomb attack on former Colombian president Uribe

Former Colombian president Alvaro Uribe will carry on with his activities in Argentina as planned, despite the fact a bomb was found in a Buenos Aires theatre where he is expected to give a conference, according to sources close to the event organization
Wednesday, May 23rd 2012 - 03:56 UTC
Spain, on the edge of a financial cliff, cancels all development aid to Latin America

The Spanish government announced this week it was cancelling all development aid to Latin American countries as a direct consequence of the financial strains the EU member is suffering, which is the worst in decades with record unemployment of 24%.
Wednesday, May 23rd 2012 - 01:53 UTC
Chile not interested in joining G20 at the expense of Argentina’s membership

Chile is not interested in joining the G-20 of leading advanced and emerging economies if that means sacking Argentina, said President Sebastián Piñera administration’s spokesperson, Andres Chadwick.
Wednesday, May 23rd 2012 - 01:48 UTC
Dominican president doctors succession: his top aide and the First Lady

The election of Danilo Medina as president of the Dominican Republic signals a continuation of the policies that many experts say have helped the country grow during the past eight years.
Wednesday, May 23rd 2012 - 01:44 UTC
Fitch downgrades Japan’s credit rating fearful of political stalemate and snowballing debt

Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.
Wednesday, May 23rd 2012 - 01:41 UTC
Peru says dolphins died of natural causes; environmental groups unconvinced

Nearly 900 dolphins that washed up along Peru's northern coast since the start of the year died of natural causes, a top official said Tuesday, citing a government report.
Wednesday, May 23rd 2012 - 01:24 UTC
UN says half of global fisheries are exhausted and a further third depleted

Marking the International Day for Biological Diversity, Secretary General Ban Ki-moon highlighted on Tuesday the fragile state of the world’s oceans, urging greater protection for marine biodiversity.
Wednesday, May 23rd 2012 - 01:22 UTC
Spain anticipated the economy will continue to slump in the second quarter

Spain said it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter.