Stories for May 2013

Thursday, May 9th 2013 - 05:05 UTC
Argentine official pledges to look into ‘blue’ dollar market and admits problems in real estate sector

Argentina Deputy Economy minister Axel Kicillof pledged “to look into” the growing parallel market for the US dollar because it is harming many innocent people who have nothing to do with speculation and claimed that ‘certain economists’ and media are encouraging speculation with the greenback.
Thursday, May 9th 2013 - 04:56 UTC
Argentina: Dollar kept climbing on Wednesday and reached 10.45 Pesos

Despite the tax amnesty bill and investment options pledged by the government of President Cristina Fernandez, the dollar kept climbing in Argentina. After breaking the key psychological barrier of 10 Pesos to the dollar on Tuesday, the “blue” dollar which trades on the parallel market climbed again on Wednesday another 37 cents to reach 10.45 Argentine Pesos.
Thursday, May 9th 2013 - 00:13 UTC
Falkland Island's self-determination: Queen out of touch with reality, says Argentina

“The Queen is not aware that we are in the XXIst century and she follows the colonialist tradition of the United Kingdom”, claimed Argentine Senator Daniel Filmus, the first reaction to the Queen’s strong message in support of the Falkland Islands and Gibraltar right to determine their political futures.
Wednesday, May 8th 2013 - 23:33 UTC
London honours HMS Edinburgh, the last of the Type 42 destroyers

Royal Navy Veteran destroyer HMS Edinburgh and giant helicopter carrier HMS Illustrious brought London to a halt on Wednesday as they glided down the River Thames. HMS Edinburgh is the last of the Type 42 destroyers and is on her first stop on a round-Britain farewell tour which ends nearly 30 years of service.
Wednesday, May 8th 2013 - 21:52 UTC
IATTO expects Antarctic tourism to grow 3% next 2013/14 season

A new five-year Strategic Plan, an expanded Membership and committee structure, and a new yacht dockside observer program were among the items adopted at the 24th Annual Meeting of the International Association of Antarctica Tour Operators (IAATO), held April 22-24 in Punta Arenas, Chile.
Wednesday, May 8th 2013 - 19:48 UTC
Reassurance for Falklands and Gibraltar

By Harold Briley from London - The Falkland Islands and Gibraltar have been reassured by the British Government that it will protect their right to choose their own way of government. The pledge was contained in the Government’s programmer and new laws for the forthcoming session of Parliament, outlined in the traditional Queen’s Speech to both Houses of Parliament.
Wednesday, May 8th 2013 - 16:57 UTC
Brazilian inflation during April just managed to keep to the government’s target

Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.
Wednesday, May 8th 2013 - 16:28 UTC
Falklands/Gibraltar: Queen reaffirms protection and self determination of British Overseas Territories

Britain reaffirmed on Wednesday that it will ensure and protect the right to the Falkland Islanders and Gibraltarians to determine their political futures. The strong message was included in HM Queen Elizabeth traditional annual address to Parliament setting out the legislative program for the government of PM David Cameron.
Wednesday, May 8th 2013 - 09:56 UTC
Maduro promises Uruguay permanent supply of oil and full Mercosur commitment

President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.
Wednesday, May 8th 2013 - 09:51 UTC
Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas.