Stories for 2012

Friday, June 1st 2012 - 02:16 UTC
Italy hugely exposed to the Euro-debt turmoil and to Spanish contagion

Italy is hugely exposed to the risk of contagion from the debt turmoil in the euro zone, said Prime Minister Mario Monti, suggesting the European Central Bank take action to help cool borrowing costs.
Friday, June 1st 2012 - 01:33 UTC
Repsol regains 6% warranty-stake in YPF and now owns 12.43% of the company

Spain energy Group Repsol regained rights on a 6% warranty-stake in the Argentine oil and gas giant YPF after the Petersen Group, which used to own 25.46% of the company, lost it as the result of not having met payments for the loan through which they initially enter the business without paying a single cent.
Friday, June 1st 2012 - 01:24 UTC
Argentine top lawmaker admits having his savings in dollars “and I won’t sell them”

A top Argentine lawmaker came on stage (and lost his temper) when he had to explain why his savings are in dollars after the government of President Cristina Fernandez, including him personally, launched not only strong restriction policies on dollar purchases, but told the population to forget about dollars and start thinking in pesos.
Thursday, May 31st 2012 - 18:33 UTC
Indian school boy solves 350-year old mathematical problem set out by Newton

An Indian school boy from Calcutta and currently in Germany, Shouryya Ray, has shocked everyone by solving a 350-year-old mathematical problem which was set by one of the greatest scientists and mathematicians, Sir Isaac Newton.
Thursday, May 31st 2012 - 15:59 UTC
“Self determination, only way that leads to a peaceful, permanent solution of Falklands’ dispute”

Self-determination is the only solution that will lead to a permanent, peaceful solution to the Falklands’ sovereignty dispute with Argentina said Falkland Islands lawmaker Roger Edwards addressing a regional seminar of the UN Decolonization Committee in Ecuador.
Thursday, May 31st 2012 - 06:11 UTC
Insulza hopeful OAS assembly will reach a consensus on the Malvinas issue

OAS Secretary General Jose Miguel Insulza said he expects a consensus is reached on the Falklands/Malvinas issue next week when the Organization of American States general assembly, following the lack of agreement at the last Summit of the Americas in Colombia.
Thursday, May 31st 2012 - 06:07 UTC
Natural resources rich Brazil plans to increase defence spending to 2% of GDP

Defence Minister Celso Amorim said on Wednesday Brazil’s growing need to protect its borders, the Amazon rainforest, and massive offshore oil discoveries would lead it to gradually increase defence spending by a quarter to reach roughly 2% of the country’s GDP.
Thursday, May 31st 2012 - 06:01 UTC
Confirmed: Cristina Fernandez will attend C24 meeting on Falklands next June 14

President Cristina Fernandez will be attending next June 14 the UN Decolonization meeting in New York where she is expected to make a strong case for Argentina’s claim over the disputed Falklands/Malvinas Islands.
Thursday, May 31st 2012 - 05:52 UTC
Labour Organization warns “Euro zone extreme policies could produce extreme reactions”

Extreme policies to tackle the crisis in the Euro zone could produce extreme reactions, the outgoing Director-General of the International Labour Organization (ILO), Juan Somavia, told the delegates to the 101st International Labour Conference (ilo.org/ilc) that opened in Geneva on Wednesday 30 May.
Thursday, May 31st 2012 - 05:46 UTC
Brazil cuts interest rate for the seventh time to a record low of 8.50%

Brazil's central bank cut interest rates on Wednesday for the seventh straight time to a record low 8.50%, moving into uncharted territory in a bid to shield a fragile recovery from a gloomy global outlook.