Stories for December 2012

Monday, December 3rd 2012 - 20:36 UTC
Cable and Wireless Monaco and Islands division sold to Bahrain Telecoms

Cable and Wireless Communications have announced the sale of the majority of its Monaco and Islands division which includes the Falklands. The company has accepted 680m dollars (£420m) from Bahrain Telecommunications Company (Batelco) for the division which operates broadband and telephone lines.
Monday, December 3rd 2012 - 20:20 UTC
Spain’s Repsol files complaint against Argentina over seizure of YPF

Spain's Repsol SA filed on Monday a complaint against Argentina before the International Centre for Settlement of Investment Disputes (ICSID) over its nationalization of energy company YPF SA, according to sources familiar with the dispute.
Monday, December 3rd 2012 - 06:01 UTC
IMF reminds Argentina it must deliver a report on statistics advances by Dec 17

The IMF ratified last week that by December 17 Argentina must reply to Managing Director Christine Lagarde on the latest advances referred to the country’s statistics both on inflation and GDP growth.
Monday, December 3rd 2012 - 05:57 UTC
Brazil farmland prices quadrupled over the past decade outpacing inflation

Prices for farmland in Brazil surged by an average 14% a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo's blue-chip Ibovespa stock index, a new study shows.
Monday, December 3rd 2012 - 05:20 UTC
Mexican new president reaches first agreements with the opposition

Mexican President Enrique Peña Nieto on Sunday signed a pact with the country's leading political parties to increase competition in the telecommunications sector and overhaul the education system.
Monday, December 3rd 2012 - 05:15 UTC
Argentina confirms new round of talks with Iran in January

Argentine Foreign Minister Héctor Timerman confirmed this weekend that there had been new meetings with envoys of the Iranian government over the probe handling the AMIA bombing, and assured that Argentina will present a new action plan in the coming few weeks, most probably in the next meeting scheduled for January.
Monday, December 3rd 2012 - 05:11 UTC
Brazil ‘trapped and isolated’ in Mercosur, should try trade agreements with US, says former president

Former Brazilian president Fernando Henrique Cardoso said it was convenient to consider a trade integration with the Unites States given the very modest advances with Mercosur, where open trade has stalled or is far less than was expected when the original idea and is subjected to protectionist lobbies.
Monday, December 3rd 2012 - 05:02 UTC
Falklands’ mission to learn from the oil experiences of Norway and Shetlands

Senior members from the Falkland Islands government have left for Norway and the Shetland Islands on an experiences-fact-finding mission as the Islands prepare for oil production in the near future.
Monday, December 3rd 2012 - 04:58 UTC
Mercosur summit to discuss incorporation of Bolivia and Ecuador as full members

The Mercosur summit which meets this week, December 6/7 in Brasilia is scheduled to debate the incorporation of Ecuador and Bolivia to the regional block which earlier this year, after waiting since 2006 finally integrated Venezuela as full member.
Monday, December 3rd 2012 - 04:54 UTC
Holdout funds want Argentina to deposit 250m by December 10

Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.