Stories for June 25th 2013

Tuesday, June 25th 2013 - 23:33 UTC
Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.
Tuesday, June 25th 2013 - 20:52 UTC
Mercosur suspension was rather beneficial for Paraguay, reveals President Franco

Mercosur partners’ sanctions on Paraguay rather benefited than hindered the country, said President Federico Franco during a press conference in which he underlined the country had become more reliable and this was supported by a three fold increase in foreign investments.
Tuesday, June 25th 2013 - 20:25 UTC
Paraguay claims Mercosur pro-tempore chair and thanks EU for political support

President elect Horacio Cartes revealed in Spain that Paraguay is claiming the pro-tempore chair of Mercosur, argued that Venezuela is an ‘illegitimate’ member of the trade group and said Paraguay is en route to becoming full member of the Pacific Alliance.
Tuesday, June 25th 2013 - 19:49 UTC
Chinese stocks tumble as Beijing announces an end to the era of cheap credit

Chinese stocks touched a four-and-a-half-year low on Tuesday amid persistent concerns over the government's credit-tightening policy. The Shanghai Composite SSE index fell as much as 5.8% at one point, before a late rally meant it ended down 0.3%.
Tuesday, June 25th 2013 - 18:39 UTC
Repsol to consider YPF compensation offer, including stake in shale deposits

Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.
Tuesday, June 25th 2013 - 18:34 UTC
Paraguay poised to become fastest growing economy this year, 13%

Paraguay's economy expanded 14.8% in the first quarter compared with the same period last year, driven mainly by farming, cattle-ranching and construction activity, the central bank said. GDP surged 8.8% in the first quarter versus the fourth quarter of 2012.
Tuesday, June 25th 2013 - 18:28 UTC
Piñera opens joint-largest wind-farm in the north of Chile

President Sebastian Piñera inaugurated Chile’s joint-largest wind farm at an official ceremony. The 90MW Talinay East facility is owned by Italy’s Enel Green Power and features 45 Vestas V100 2MW turbines in the country’s central Coquimbo region, 400 kilometres north of Santiago.
Tuesday, June 25th 2013 - 18:20 UTC
Foreign Office protests to Spain chase and shooting incident in Gibraltar waters

British Minister for Europe David Lidington strongly protested on Tuesday to Spanish Minister, Íñigo Mendez de Vigo, following an incident in British Gibraltar territorial waters, when allegedly shots were fired.
Tuesday, June 25th 2013 - 18:11 UTC
Chile’s largest energy project left on hold because of electoral debate

A controversial plan to power central Chile by damming Patagonian rivers is doable, the project's head said dismissing criticism from leading presidential candidate Michelle Bachelet that HidroAysen is not viable.
Tuesday, June 25th 2013 - 17:08 UTC
Argentine indigenous people ask Francis to intercede before Cristina Fernandez

Leaders of an Argentine indigenous community together with Nobel Peace Prize Adolfo Perez Esquivel met on Monday with Pope Francis and requested he intercedes before Argentine president Cristina Fernandez so that she receives a delegation from the Qom community.