Stories for 2012

Wednesday, June 27th 2012 - 18:43 UTC
“A parliamentary system would not work in Argentina”, says chief Justice

The head of Argentina’s Supreme Court Ricardo Lorenzetti played down the possibility of a parliamentary system in the country because it would represent an “upturn of 180 degrees”, besides there is no clear initiative to reform the constitution.
Wednesday, June 27th 2012 - 17:30 UTC
Queen Elizabeth shakes hands with former IRA commander McGuinness

Britain's Queen Elizabeth shook the hand of former Irish Republican Army (IRA) commander Martin McGuinness for the first time on Wednesday, drawing a line under a conflict that cost the lives of thousands of soldiers and civilians, including that of her cousin.
Wednesday, June 27th 2012 - 17:19 UTC
Uruguay’s fiscal performance exposed to “political limitations”, says S&P report

Risk rating agency Standard & Poor’s praised Uruguay’s fiscal moderation in the last eight years since the budget’s fiscal deficit has been below 2% of GDP but criticized the “political limitations” which impede the achievement of a better performance.
Wednesday, June 27th 2012 - 17:15 UTC
Paraguay accuses Brazil, Argentina and Uruguay of a new “Triple Alliance”

The new Paraguayan government claimed before the Organization of American States, OAS, that Brazil, Argentina and Uruguay are again involved in a “Triple Alliance” to have the country ousted from the inter-American organization as is happening with Mercosur and Unasur.
Wednesday, June 27th 2012 - 16:04 UTC
Falkland Oil & Gas confirms Italian/French partner for drilling in South Atlantic

London AIM listed Falkland Oil & Gas (FOGL) said Italian utility Edison International Spa was its new partner, bringing in a large, non-British company to help it look for hydrocarbons in the Falkland Islands.
Wednesday, June 27th 2012 - 08:51 UTC
Italian treasury to the rescue of the world’s oldest bank, Monte dei Pachi

Italy offered up to 2 billion Euros on Tuesday to plug a capital gap in the bank Monte dei Paschi di Siena, the second time in three years the cash-strapped state has had to bail out the world's oldest bank.
Wednesday, June 27th 2012 - 08:48 UTC
Venezuela on the campaign trail: “President Chavez, only second to God”

Political ads exalting Venezuela's populist President Hugo Chávez as second only to God have offended opponents and added further controversy to an already spicy presidential election campaign.
Wednesday, June 27th 2012 - 08:38 UTC
Petrobras Argentina second oil and gas strike in Patagonia’s Santa Cruz

Petrobras Argentina, the local unit of Brazil's state-owned energy firm, said on Monday it had found new oil and natural gas resources in its Estancia Agua Fresca concession in the Patagonian province of Santa Cruz
Wednesday, June 27th 2012 - 08:32 UTC
Mexico preparing WTO case against Argentina over suspension of auto trade accord

Mexico is prepared to take legal actions against Argentina after the government of President Cristina Fernandez announced its decision “to suspend” an automobile trade agreement.
Wednesday, June 27th 2012 - 08:25 UTC
Argentina reiterates it will honour bonds maturing in August and December

Argentina will pay back 5.716 billion dollars in bonds maturing next August and December, several of them tied to GDP evolution, confirmed president Cristina Fernandez.