Stories for July 2013

Thursday, July 18th 2013 - 08:35 UTC
IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.
Thursday, July 18th 2013 - 08:26 UTC
Venezuelan parliament approves incorporation of Bolivia to Mercosur as full member

The Venezuelan parliament approved Bolivia’s protocol of adherence to Mercosur as full member thus clearing the way for the landlocked mostly indigenous populated country to become the sixth member of the South American trade block next to Argentina, Brazil, Paraguay, Uruguay and Venezuela.
Wednesday, July 17th 2013 - 22:12 UTC
Fed says asset purchases will remains above all flexible to market conditions

Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive asset purchase program later this year but left open the option of changing that plan in either direction if the economic outlook shifted.
Wednesday, July 17th 2013 - 20:21 UTC
Latin America becoming prime destination for medical tourism

The high cost of healthcare has created the lucrative phenomenon of medical tourism. An IPK International survey revealed roughly 3% of the world’s population travels to foreign countries for medical treatment, while Patients Beyond Borders, which publishes international medical travel guidebooks, reported the medical tourism industry is a 40 billion dollars a year business.
Wednesday, July 17th 2013 - 20:04 UTC
Successful fracking for tight gas in Tierra del Fuego, announces Chile’s ENAP

Chile’s government oil and gas company, ENAP, confirmed a successful experiment with hydraulic fracturing to extract non conventional tight gas at the Arenal Block in Tierra del Fuego, where the company operates with no partners.
Wednesday, July 17th 2013 - 19:58 UTC
Chinese market for beef soaring; companies after overseas farms and processors

With more money in their pockets, millions of Chinese are seeking a richer diet and switching to beef, driving imports to record levels and sending local meat firms abroad to scout for potential acquisition targets among beef farmers and processors.
Wednesday, July 17th 2013 - 19:47 UTC
HMS Argyll sailors recreate Shackleton’s trek across South Georgia Island

Sailors from HMS Argyll followed in the footsteps of Britain’s greatest polar explorer when they recreated Sir Ernest Shackleton’s legendary trek across the snow and ice of South Georgia Island.
Wednesday, July 17th 2013 - 19:35 UTC
Russia blocks creation of two huge Marine Protected Areas in Antarctica

An extraordinary meeting of the Commission of Antarctic Marine Living Resources (CCAMLR) to establish Marine Protected Areas (MPA) in the Ross Sea region and in East Antarctica wrapped up on Tuesday without an agreement after Russia with support from Ukraine blocked the initiative.
Wednesday, July 17th 2013 - 07:50 UTC
Brazil downplays the Pacific Alliance significance, as an “integration project”

Brazilian Foreign minister Antonio Patriota downplayed the significance of the Alliance of the Pacific, the free trade agreement which includes Chile, Peru, Colombia and Mexico, arguing it is not a “real deep integration” as the one proposed by Mercosur.
Wednesday, July 17th 2013 - 07:41 UTC
Falklands: Timerman accuses Clarin of sponsoring the referendum and Foreign Office strategy

Argentine Foreign minister Hector Timerman in a piece published in the pro-government Pagina 12 accused Buenos Aires daily Clarin of silencing, distorting, hiding and even lying about events in Argentina and particularly regarding the Malvinas colonial issue and in the March referendum ‘of playing to the Foreign Office strategy’.