Stories for September 2012

Wednesday, September 26th 2012 - 01:38 UTC
Merkel says Germany is ‘not an island’; warns about Euro zone competitiveness

Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.
Wednesday, September 26th 2012 - 01:08 UTC
Protestors clash with riot police as Spain discusses 2013 budget and more austerity

Protesters clashed with police in Spain's capital as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday.
Wednesday, September 26th 2012 - 01:05 UTC
Brazil says orthodox fiscal policies worsened the recession in developed countries

Brazilian President Dilma Rousseff who opened the UN round of General Assembly speeches, called on countries to boost international efforts to tackle the global economic crisis, stressing that a balance must be found to stimulate growth while at the same time controlling public spending without resorting to extreme austerity measures.
Wednesday, September 26th 2012 - 00:45 UTC
Argentina hits back at Lagarde: “this is not a football match and we are a sovereign nation”

Argentina's President Cristina Fernandez hit back at the IMF on Tuesday for warning her country about bad stats data, saying her nation is sovereign and would not be subjected to threats of any kind.
Wednesday, September 26th 2012 - 00:31 UTC
Gibraltar Chief Minister Picardo thanks UK Liberal-Democrats support

Gibraltar Chief Minister Fabian Picardo told delegates at the Liberal Democrat party conference in Brighton on Sunday night that Gibraltar was grateful for the support it had received over the years from UK politicians.
Wednesday, September 26th 2012 - 00:07 UTC
China’s first aircraft carrier enters into service, “a cause for patriotic passion”

China's first aircraft carrier has entered into service, the defence ministry announced. The 300 meters Liaoning - named after the province where it was refitted - is a refurbished Soviet ship purchased from Ukraine (ex Varyag).
Tuesday, September 25th 2012 - 23:56 UTC
FOGL spuds the second well of its exploration program to the east of Falklands

Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.
Tuesday, September 25th 2012 - 23:17 UTC
Ambassador Argüello praises “best US/Argentina trade relationship in 200 years”

Argentine ambassador in the United States Jorge Argüello assured that Argentina and the US “are having the best trade relationship in almost 200 years of bilateral relations” and said that “they’ve never had a trade volume similar to the one reached this year, which left a 13 billion dollar surplus.”
Tuesday, September 25th 2012 - 23:12 UTC
Lavagna tells Kirchnerites to stop clapping and give true picture of the Argentine economy

Argentine former Economy Minister Roberto Lavagna considered the “economic model” led by President Cristina Fernandez administration is entering “a clear downfall” and slammed Kirchnerite politicians, unionists and businessmen “for, out of fear, clapping at political rallies instead of saying what they really believe about the economy”.
Tuesday, September 25th 2012 - 15:01 UTC
Human Rights Court tells Peru to annul ruling favouring ex-president Fujimori

Inter-American Court of Human Rights told Peru on Monday to annul a ruling by its Supreme Court that could have paved the way for an early release of jailed former President Alberto Fujimori.