Stories for June 22nd 2012

Friday, June 22nd 2012 - 23:30 UTC
UN Rio+20 summit to redefine sustainable development for mega-cities

By Lord Julian Hunt - One of the most striking changes at Rio+20, compared to the original 1992 Earth Summit, is the extensive discussion of population issues.
Friday, June 22nd 2012 - 22:41 UTC
Hot air about the Falkland Islands reaches the UN

By John J. Metzler (*) At the time of the 1982 invasion, Argentina was run by a military junta who unwisely played the nationalism card and seized the islands 300 miles off the coast of South America.
Friday, June 22nd 2012 - 21:59 UTC
“Institutional coup” removes Paraguayan president Lugo from office

Paraguayan president Fernando Lugo was removed from office on Friday at 18:30 hours following an impeachment vote in the Senate where the motion was supported by 39 votes, four against and two absent.
Friday, June 22nd 2012 - 08:40 UTC
Argentina experiences tighter trade surplus and slower industrial growth in May

Argentina’s trade surplus was 1.5 billion dollars in May, compared to 1.71bn a year earlier according to the official stats office Indec, while industrial production in the same month continued to languish, according to the medium estimate of more than 50 banks, economic research firms and universities surveyed by the Central Bank.
Friday, June 22nd 2012 - 08:37 UTC
Euro area has reached a “critical stage” for the viability of the monetary union, warns the IMF

The Euro area crisis has reached a “critical stage” and member nations must make a “strong commitment” to the shared currency to stop the plunge in investor confidence, the IMF said in a report that recommends issuing common debt as one solution.
Friday, June 22nd 2012 - 08:31 UTC
Premier Wen Jibao will address China-Latam relations at a conference in ECLAC

Premier of China, Wen Jiabao, will visit the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, on Tuesday 26 June to deliver a lecture.
Friday, June 22nd 2012 - 08:27 UTC
Canadian company still interested in recapitalization of Uruguay’s national airline

Chorus Aviation Inc. says it is working with the Uruguayan government on the recapitalization of the country’s flag carrier Pluna, just days after the Canadian company said it won't invest more money to bail out the airline.
Friday, June 22nd 2012 - 08:13 UTC
Brazilian government studying fuel price increase to support Petrobras

Officials from Brazil's state-run oil company, Petrobras and the government on Thursday confirmed they are studying a fuel price increase to help offset the costs of fuel sector investments.
Friday, June 22nd 2012 - 08:03 UTC
Brazilian iron ore exports drop 19% in value, first time since 2002

Brazilian exports of iron ore from January through May were down 19% in value from the same period last year, according to a report from Sao Paulo based newspaper Folha on Thursday.
Friday, June 22nd 2012 - 07:58 UTC
Brazil’s Bovespa monopoly on the line as government considers boosting competition

Brazil’s stock exchange Bovespa is facing a loss in market share estimated at as much as 30% by HSBC Holdings Plc and Banco Itau BBA SA as the nation considers boosting competition among trading platforms.