Stories for November 2012

Thursday, November 29th 2012 - 13:02 UTC
Post-Sandy, why urgent preparation is needed for storms of the future

By Lord Julian Hunt and Professor Johnny Chan.(*) - The devastation wrought by super-storm Sandy (253 deaths in the Americas and over 50 billion dollars in economic damage and disruption), is prompting renewed thinking about climate change and national security.
Thursday, November 29th 2012 - 06:50 UTC
Cristina Fernandez described Argentina as the ‘counter model’ of IMF and the world’s masters

President Cristina Fernández de Kirchner ratified on Wednesday that Argentina will continue to pay all its financial obligations and described as “absolutely unfair” the ruling from Judge Thomas Griesa who favoured the hedge funds to the detriment of 93% of bondholders who joined the 2005 and 2010 debt swaps.
Thursday, November 29th 2012 - 06:42 UTC
Argentina increases 44% wellhead natural gas prices to attract investment

Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.
Thursday, November 29th 2012 - 00:31 UTC
Argentina saved from a ‘technical default’; court case continues February 27

A US appeals court on Wednesday granted an emergency stay order that gives Argentina more time to argue against making a 1.33 billion dollars payment to investors who rejected two debt restructurings in the nation's 2002 sovereign debt default.
Wednesday, November 28th 2012 - 23:11 UTC
ARA Libertad can’t be impounded according to IMO, says Ambassador Castro

The International Maritime Organization (IMO) certified that the ARA Libertad frigate is a military vessel, therefore, it can not be impounded, Argentina's ambassador to the UK, Alicia Castro, reported.
Wednesday, November 28th 2012 - 22:20 UTC
Colombia withdraws from UN Justice Court angry at latest ruling on Caribbean islands

Colombia has withdrawn from a treaty that binds it to the UN International Court of Justice in anger at a ruling that shifts some of its resource-rich waters to Nicaragua, President Juan Manuel Santos announced on Wednesday.
Wednesday, November 28th 2012 - 21:50 UTC
Chile and Mexico among the best performing members of OECD in next two years

Chile and Mexico will manage to a great extent to avoid the negative prospects from OECD members in the next two years. The half year report from the Organization for Economic Cooperation and Development anticipates a serious weakening of activity in the Euro zone, the US and Japan, but the two OECD Latinamerican members as well as emerging power Brazil will have a contrasting performance.
Wednesday, November 28th 2012 - 21:14 UTC
Burdened by domestic problems Brazil’s Rousseff will be absent from Unasur summit

Brazilian president Dilma Rousseff has cancelled her attendance to the Union of South American Nations, Unasur summit in Peru on Friday because of “agenda problems” and previous “domestic engagements”, according to the Planalto press secretary office. Vice-president Michel Temer will be attending in her name.
Wednesday, November 28th 2012 - 20:28 UTC
Argentina faces 65bn dollars in claims; plans to abandon international litigations court

Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.
Wednesday, November 28th 2012 - 19:02 UTC
Dengue keeps advancing in Latam despite efforts to contain the disease

Dengue continues to claim lives in Latin America with over 400 deaths and nearly 161.000 infection cases according to this year’s reports from the different countries.