Stories for 2012

Tuesday, November 20th 2012 - 19:05 UTC
Falklands claims UN Decolonization chair is not acting with impartiality

The Falkland Islands government complained on Tuesday that the Chairman of the UN Decolonization Committee, Ambassador Diego Morejón Pazmiño is not acting with the impartiality that his role demands and revealed a letter, which remains unanswered, inviting the ambassador to visit the Falklands matching his informative trip to Argentina on the sovereignty of the Islands dispute.
Tuesday, November 20th 2012 - 06:33 UTC
Major national strike in Argentina with pickets to implement the measure

Argentina’s three main organized labour groupings, and in opposition to Argentine president Cristina Fernandez, have called for a national strike on Tuesday which counts with the support of several tens of camp and city organizations plus hundreds of pickets in the main cities ‘to ensure there is no activity’.
Tuesday, November 20th 2012 - 01:40 UTC
Uruguay admits inflation is “decisively much higher” than expected

Inflation is a priority and is “decisively much higher than what authorities and public opinion would like” admitted Mario Bergara, Uruguay’s Central bank president during the opening on Monday of a two-day annual economic conference.
Tuesday, November 20th 2012 - 01:36 UTC
Repsol presses charges against Chevron for making business with nationalized YPF

Spanish oil company Repsol has pressed charges against Chevron over “disloyal competition”, after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.
Tuesday, November 20th 2012 - 00:51 UTC
Peruvian ambassador expected to return to Paraguay in near future

Another gap is anticipated in the diplomatic isolation ring imposed on Paraguay by Unasur and Mercosur, when as happened with Chile and Colombia, the Peruvian ambassador also returns to his post in Asuncion after several months of consultations in Lima.
Tuesday, November 20th 2012 - 00:46 UTC
Repsol wants fair compensation from Argentina; will appeal to all legal resources

Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.
Tuesday, November 20th 2012 - 00:02 UTC
Argentina “will not enter in default” and will honour all re-scheduled bonds

“The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.
Monday, November 19th 2012 - 23:40 UTC
Colombia forces to continue military operations despite FARC unilateral cease fire

Colombian Minister of Defence Juan Carlos Pinzón said that security forces will continue with military operations in the country despite the unilateral two-month cease fire declared by the guerrilla group FARC, which becomes effective Monday 24:00 hours.
Monday, November 19th 2012 - 12:22 UTC
Latin America pledges support for Spain but warns austerity only deepens the crisis

Latin America pledged investment opportunities for recession-hit Spanish and Portuguese companies but warned its former colonial masters drastic cost cutting would only deepen their misery.
Monday, November 19th 2012 - 11:50 UTC
EU on collision course over long-term trillion Euro budget

European Union looks set for a new round of clashes this week as an extraordinary summit called to agree a long-term trillion-Euro budget heads for an ugly showdown, possibly even failure.