Stories for June 2012

Wednesday, June 20th 2012 - 06:30 UTC
Countries boost IMF emergency funding to 456 billion dollars

Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.
Wednesday, June 20th 2012 - 06:24 UTC
UK inflation drops to 2.8% in May pushed by lower fuel and food prices

UK rate of inflation fell last month to a two-and-a-half year low owing to slowing fuel and food prices. The Consumer Prices Index (CPI) measure fell to 2.8% in May from 3% in April, the Office for National Statistics (ONS) said.
Wednesday, June 20th 2012 - 06:19 UTC
Brazilian bank purchases 3.6% stake in nationalized YPF

Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.
Wednesday, June 20th 2012 - 06:08 UTC
Iranian president meets with Bolivia’s Morales reinforce cooperation deals

Iran's President Mahmoud Ahmadinejad stopped in Bolivia Tuesday en route to the Rio+20 summit in Brazil, to court support from another Latin American nation which has tense ties with the United States.
Wednesday, June 20th 2012 - 00:48 UTC
UK and Overseas Territories sign agreement on conservation of sharks

Endangered sharks will be given greater protection following Monday’s signing of an international agreement on the conservation of sharks, according to an announcement made by UK Fisheries Minister Richard Benyon.
Wednesday, June 20th 2012 - 00:35 UTC
Uruguay meat exports so far this year total 195.459 tons and 766 million dollars

Uruguay meat exports so far this year (June 9) represented 766 million dollars which is slightly higher that the same period last year when the sum was 722 million dollars; likewise tonnage was 195.459 compared to 184.749 tons in 2011.
Tuesday, June 19th 2012 - 23:56 UTC
Argentina invites Russia’s Gazprom to consider investing in YPF operations

The technical teams of Argentine nationalized hydrocarbon companies YPF and Russia’s Gazprom will begin to do joint work in the area, said Foreign Minister Héctor Timerman
Tuesday, June 19th 2012 - 23:44 UTC
Coca Cola confronts NY Mayor Bloomberg: denies responsibility for US obesity epidemics

Coca-Cola CEO Muhtar Kent insists his company is not responsible for the rise in US obesity despite New York Mayor Michael Bloomberg's recent moves to limit the consumption of sugary drinks.
Tuesday, June 19th 2012 - 23:36 UTC
Peña Nieto comfortably ahead for July 1 Mexican presidential election

Mexico's presidential front-runner Enrique Peña Nieto has maintained a wide lead over his rivals with less than two weeks remaining until the July 1 election, an opinion poll showed this week.
Tuesday, June 19th 2012 - 23:23 UTC
Slim downplays meaning of YPF shares deal: “it was the exercise of a financial guarantee”

Carlos Slim Domit, son of tycoon Carlos Slim who recently acquired 8.4% of the shares of YPF oil company, confirmed on Monday that their arrival “was not a share purchase but the exercise of a financial guarantee,” which they have been working on in the last four years.