Stories for 2012

Saturday, November 10th 2012 - 05:01 UTC
Republican Party needs a “bigger tent” to adapt to changing demographics

Former US Secretary of State Condoleezza Rice said the Republican Party must adapt rapidly changing demographics in the United States to remain politically relevant.
Saturday, November 10th 2012 - 04:46 UTC
Major group plans cash-tender offer for low cost airline Barcelona-based Vueling

International Airlines Group has reaffirmed that it would keep Vueling as a stand-alone entity within the group if it completes its plan to acquire the outstanding shares in the Barcelona-based low-cost carrier.
Saturday, November 10th 2012 - 04:40 UTC
Iberia survival plan: slash quarter of jobs, cut 15% network and downsize fleet

Loss-making Iberia on Friday announced plans to axe 4.500 jobs to save Spain's biggest airline from collapse and warned more cuts could follow against the backdrop of economic crisis in the Euro zone country.
Saturday, November 10th 2012 - 02:35 UTC
China forecasted to become world’s largest economy, ahead of the US in 2016

China is projected to overtake the US to become the world's largest economy as early as 2016, according to a report by the Organization for Economic Co-operation and Development (OECD) released on Friday.
Saturday, November 10th 2012 - 02:20 UTC
Argentine armed sailors prevent Ghana port officials from moving ARA Libertad

Armed sailors on board the detained Argentine ARA Libertad frigate in Ghana threatened to open fire on Ports and Harbours Authority (GPHA) officials, if they attempted to move the ship from berth 11 to berth six, at the Tema Port, according to reports of “The Chronicle” local newspaper.
Friday, November 9th 2012 - 06:41 UTC
Chilean ambassador return to Paraguay ‘when electoral process begins’

Chilean Foreign minister Alfredo Moreno said on Thursday it had not been decided when Chile’s ambassador to Paraguay, Christian Maquieira would be returning to Asuncion and pointed out that the diplomat continues “in consultations” with Santiago, following the removal of former president Fernando Lugo.
Friday, November 9th 2012 - 06:34 UTC
Judge Griesa summons new hearing on case of hedge funds holding Argentine bonds

US Judge Thomas Griesa summoned a new hearing at New York Court over the case of investment funds against Argentina. The judge agreed with both parts a hearing on Friday to define the following steps after the US Appeals Court ruling issued on October 26.
Friday, November 9th 2012 - 06:30 UTC
Draghi confirms economic activity in Euro is “expected to remains weak”

The European Central Bank (ECB) has held the benchmark Euro zone interest rate at the record low of 0.75%, as had been expected. The rate has been at this level for four months, after July's cut from 1%.
Friday, November 9th 2012 - 06:27 UTC
FAO October Price Index: cereals and oils down; increases in dairy and sugar

The FAO Food Price Index fell 1% in October 2012, and for the first ten months of the year food prices were on average 8% lower than in the same period in 2011. The Index dipped two points to 213 points from September's revised level of 215 points. The decline was largely due to lower international prices of cereals and oils and fats, which more than offset increases in dairy and sugar prices.
Friday, November 9th 2012 - 06:23 UTC
Chile’s ENAP and BG clash over supply of LNG from Egyptian fields

Chilean government owned oil and gas company, ENAP, described as ‘unacceptable’ British Gas announcement to GNL Chile that its will not comply with provision contracts next year.