Stories for June 2012

Wednesday, June 6th 2012 - 04:37 UTC
Queen touched deeply by so many people celebrating together her Diamond Jubilee

The Queen has called her Diamond Jubilee “a humbling experience”, saying she had been “touched deeply” by seeing so many people celebrating together. In a message to the British nation, she thanked all those who organised the events.
Wednesday, June 6th 2012 - 04:28 UTC
YPF unveils plan to invest 35bn dollars in five years with he help from partners

Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.
Wednesday, June 6th 2012 - 02:05 UTC
UK at OAS assembly in Bolivia ratifies the Falklands’ people self determination

The UK ratified on Tuesday the Falkland Islands people’s self determination following a resolution from the OAS general assembly taking place in Bolivia calling on the two sides (Argentina and UK) to resume dialogue on the sovereignty of the Islands which are claimed by Argentina.
Tuesday, June 5th 2012 - 23:59 UTC
Brazil/Argentina Mercosur differences can be overcome with ‘greater production integration’

Trade differences between Mercosur leading partners Brazil and Argentina will be overcome with negotiations and promoting productive integration, coincided business people, diplomats and academics from both countries at a seminar in Rio do Janeiro.
Tuesday, June 5th 2012 - 23:53 UTC
Brazil re-assessing its 3bn dollars potash project in Argentina due to ‘political risk’

Brazil’s Vale Doce, the world's second-largest miner, expects to overcome obstacles that prompted management to re-assess a 3 billion dollars potash project in the Argentine province of Mendoza, the company's head of fertilizers, Roger Downey, said.
Tuesday, June 5th 2012 - 23:47 UTC
Santander bank chief praised Brazil as “the place to be to make business”

Emilio Botin president of Santander, Spain’s largest bank and one of the leading EU financial institutions said that Brazil is the top priority for the group since it is the source of 30% of its global earnings and anticipated the opening of more branches in merit to the country’s economic stability and social progress.
Tuesday, June 5th 2012 - 23:34 UTC
Uruguay lost competitiveness for sixth month running in April with main trade partners

External competitiveness of Uruguayan goods dropped for the sixth month running in April because locally produced goods’ prices in US dollars dropped less than those of its main trade partners according to figures released by the Central bank.
Tuesday, June 5th 2012 - 23:27 UTC
Paraguayan president and former bishop admits fathering a second child

Paraguayan President Fernando Lugo admitted on Tuesday fathering a second child when he was a Roman Catholic bishop, in an apparent effort to limit damage from the latest paternity scandal to emerge during his four-year-old presidency.
Tuesday, June 5th 2012 - 23:22 UTC
G7 members agree to work together to deal with Spain’s financing problems

The Group of Seven finance chiefs agreed in a teleconference call to work together to deal with the problems hitting Spain and Greece, Japanese Finance Minister Jun Azumi said on Tuesday.
Tuesday, June 5th 2012 - 20:03 UTC
Uruguay’s inflation kept climbing in May reaching an annualized 8.06%

Uruguay’s inflation climbed in May to an annualized 8.06% the highest so far this year, according to the Statistics Office release on Tuesday. In May consumer prices were up 0.39% over April accumulating 3.82% in the first five months of the year, which makes the annual target of 4% to 6% hard to achieve.