Stories for 2012

Friday, June 8th 2012 - 20:21 UTC
China lowers key rates and gives banks more flexibility to help boost growth

China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%.
Friday, June 8th 2012 - 20:11 UTC
EU gets tough on border controls to address large-scale immigration

European Union governments would be able to suspend passport-free travel in parts of Europe for as long as two years under regulations proposed on Thursday to address concerns over large-scale immigration.
Friday, June 8th 2012 - 20:05 UTC
Chile plans to drill eight wells looking for oil and gas in Magallanes region

Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.
Friday, June 8th 2012 - 19:42 UTC
Browne turns down Timerman invitation to discuss Falklands next week in Buenos Aires

UK Foreign Office Minister Jeremy Browne turned down on Friday an invitation sent by Argentine Foreign Minister Héctor Timerman to visit Argentina. Timerman had hoped to meet with the UK government official in Buenos Aires when Browne makes his trip to the Falkland Islands next week.
Friday, June 8th 2012 - 02:59 UTC
Argentine striking farmers take to the roads; government rejects negotiations

The Argentine Government warned that it has “no plans” to change the farming sector's agenda, therefore will not meet with members of the Liaison Board amid a national strike that began on Wednesday to protest against the property tax hikes in the Buenos Aires province.
Friday, June 8th 2012 - 02:54 UTC
Germany ready to bail out Spain; sovereign rating down to BBB negative outlook

German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the Euro zone as Spain's credit rating was cut by three notches amid expectations it may soon seek EU help for banks beset by bad debts.
Friday, June 8th 2012 - 02:08 UTC
Alliance of the Pacific emerges as a potent challenge for Mercosur and Brazil

The leading countries of Latin America’s Pacific Rim with the exception of Ecuador and a few Central American countries, agreed to conform the Alliance of the Pacific an ambitious integration project which has good relations with Washington and is targeted to accompany the growing influence of the Asia-Pacific basin.
Friday, June 8th 2012 - 01:35 UTC
China interested in a trade agreement with Mercosur reveals Uruguay

China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.
Friday, June 8th 2012 - 01:19 UTC
Uruguay hopes China will build and finance a deep-sea port on the Atlantic

Uruguay’s long standing dream of building a deep-water port in the east of the country could become a reality in coming days when China’s Prime Minister Wen Jiabao visits the country, according to the government financed newspaper La Republica.
Thursday, June 7th 2012 - 22:27 UTC
Fiji anticipates support for the C24 resolution on Falklands/Malvinas

Fiji will continue to be part of the consensus in support of the UN Decolonization Committee resolution regarding the Falklands/Malvinas dispute, anticipated the Pacific islands Foreign Affairs minister following a meeting with the non-resident Argentine Ambassador to Fiji, H.E. Pedro Villagra Delgado.