Stories for February 2013

Friday, February 8th 2013 - 05:13 UTC
Economic activity in Chile expanded 4.7% in December and 5.5% in the twelve months

Economic activity in Chile grew 4.7% in December from the year earlier on gains in the service and retail industries, and ended the twelve months of 2012 with an expansion of 5.5% over the previous year according to Central bank data.
Friday, February 8th 2013 - 05:04 UTC
Iran/Argentina agreement to Congress but Jewish community reject contents demand a new one

Argentine President Cristina Fernández announced she would send to Congress the recent agreement reached between Argentina and Iran in order to investigate the AMIA bombing in 1994, and assured that “the Argentine Justice will not be obstructed.”
Friday, February 8th 2013 - 04:49 UTC
Timerman in London: a scam conference that almost worked

By Peter Pepper - Private conferences have long been used by pressure groups to get something they want onto the public agenda. The so-called Argentine-British Conferences were like this. They were an Argentine idea, and the so-called 'British' delegations were largely controlled by, and packed with, Falklands’ opponents in Britain. They achieved the nickname the Argentine Biased Conferences or the Anti-British Conferences. But they failed in their objective and faded away.
Friday, February 8th 2013 - 04:28 UTC
Uruguayan lawmakers confirm they will travel to Falklands for the referendum

At least two Uruguayan lawmakers have confirmed to the British embassy in Montevideo that they will be travelling to the Falkland Islands next March for the referendum on the Islands political status and future. The trips are financed by the embassy and according to parliament sources in Montevideo the list could become longer.The news was published in a Montevideo weekly.
Friday, February 8th 2013 - 00:30 UTC
Air France returns to Uruguay as of next April with five flights a week

Uruguay seems to be recovering its air connectivity after a rough year that saw the closing down of its flag air carrier Pluna, and the announcement by Spanish airline Iberia that it will cease flights between Montevideo and Madrid as of next April. Iberia is the only European airline currently calling in Uruguay.
Friday, February 8th 2013 - 00:19 UTC
Uruguay Malvinas Forum will celebrate anniversary blasting March referendum

This Friday the Malvinas Forum, chapter Uruguay will be celebrating its first anniversary and is expected to announce a statement strongly rejecting the coming referendum in the Falklands on the Islands political status which is scheduled for March 10/11. The meeting will be held in Maldonado where it was originally launched.
Thursday, February 7th 2013 - 21:53 UTC
Aubrey McClendon and the Destruction of the Natural Gas Market

Aubrey McClendon is gone – or at least he's on his way out from Chesapeake energy (CHK). But the destruction of the natural gas market, where he was the ringleader in the shale gas land grab and cratering well price, is his real legacy, and not likely to be recovered from anytime soon. While Aubrey will now go into a very wealthy retirement, he leaves behind a decimated market and a long road to making natural gas a true transition fuel to energy independence and a renewable future.
Thursday, February 7th 2013 - 21:44 UTC
Argentina says Falklands’ issue “smells too much like petroleum

Foreign Minister Héctor Timerman said on Thursday that the British government’s position on the Falklands/Malvinas Islands issue “smells too much like petroleum”, revealing that UK’s biggest interest in keeping the invaded archipelago is due to the potential oil findings.
Thursday, February 7th 2013 - 19:32 UTC
Bank of England next governor favours “flexible inflation targeting”

Bank of England has chosen not to inject any more money into the economy, leaving its quantitative easing (QE) programme at £375bn. The Bank also left interest rates unchanged at 0.5%.
Thursday, February 7th 2013 - 19:22 UTC
ECB leaves rates unchanged, but appreciation of the Euro turns into controversy

European Central Bank President Mario Draghi admitted on Thursday policy makers are concerned that the Euro strength will hamper their efforts to pull the economy out of recession and although the exchange rate is not a policy target, he confirmed “it is important for growth and price stability”.