Stories for June 2012

Monday, June 4th 2012 - 20:56 UTC
Argentina declares Falklands’ oil activities “illegal and clandestine” and anticipates criminal and civil actions

Argentina declared on Monday the oil exploration by UK-listed companies in Falkland Islands waters “illegal” and their activities “clandestine”. Argentina has long claimed the Falklands/Malvinas as part of its territory.
Monday, June 4th 2012 - 07:29 UTC
Argentine government wants to regulate the black market for US dollars

Senator and former cabinet chief Aníbal Fernández said on Sunday that the Argentine government is planning, from the open of the black market on Monday, to put pressure on money exchange traders in order for the ‘blue’ dollar rate to not go over 5.10 Argentine Pesos.
Monday, June 4th 2012 - 07:09 UTC
Top artists concert for Diamond Jubilee and 4.000 beacons through out the world

Queen' Elizabeth II Diamond Jubilee will be marked with a star-studded concert in front of Buckingham Palace later on Monday. Sir Paul McCartney, Stevie Wonder and Sir Elton John are among the artists, and Madness will perform on the roof.
Monday, June 4th 2012 - 06:37 UTC
Falklands’ Liberation Day with religious service, parade and act of remembrance

To mark the 30th Anniversary of the Liberation of the Falkland Islands on 14th June 1982, a Service of Thanksgiving will be held in Christ Church Cathedral commencing at 10:00. Members of the public are asked to be seated by 09:45, according to a release from Gilbert House.
Monday, June 4th 2012 - 06:31 UTC
Argentine will issue bills with the likeness of the iconic Evita Peron

Argentina is planning to issue bills bearing the likeness of Evita Duarte to mark the sixtieth anniversary on July 26th of the death of the wife of three times president Juan Domingo Peron, according to the Buenos Aires media.
Monday, June 4th 2012 - 06:27 UTC
UAE flag carrier unveiled plans to fly to Brazil in January 2013

Etihad Airways, United Arab Emirates flag carrier has unveiled plans to fly to Brazil, the airline’s first South American destination. The daily Sao Paulo flights, which are expected to start in June 2013, will be the first direct air link between Abu Dhabi and any South American country.
Monday, June 4th 2012 - 06:22 UTC
Major GM soy legal feud between Monsanto and five million Brazilian farmers

Illegally smuggled into Brazil 14 years ago, transgenic soy has proved a boon to domestic farmers and now accounts for 85 percent of total production. But five million Brazilian farmers are now locked in a legal feud with US biotech giant Monsanto, the GM soy seed manufacturer, and are refusing to pay crop royalties.
Monday, June 4th 2012 - 04:13 UTC
Fitch: Chile, Peru best prepared for downturn of global economy; Argentina and Venezuela most vulnerable

Chile and Peru are best positioned in Latin America to withstand a downturn in the global economy and a drop in commodity prices, while Argentina and Venezuela are the most vulnerable to any turmoil, according to a senior official from Fitch Ratings.
Monday, June 4th 2012 - 03:49 UTC
Merkel signals to the opposition she is ready to accept measures to boost growth

Chancellor Angela Merkel praised higher German wage deals and signalled flexibility on a financial transaction tax, in a sign she is open to new measures to boost growth in Europe.
Monday, June 4th 2012 - 03:40 UTC
Berlin conditions Euro area bonds to an EU fiscal authority to control budgets

When former European Central Bank Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.