Stories for July 2013

Saturday, July 13th 2013 - 13:28 UTC
Cristina Fernandez admits few European countries are a flying option for her

President Cristina Fernandez revealed during the Mercosur summit in Uruguay on Friday that as a result of the judicial dispute between Argentina and the hedge funds, a few countries in Europe are not a flying option for her.
Saturday, July 13th 2013 - 02:24 UTC
“Mercosur has closed its doors to Paraguay”, reacts Asuncion to the Venezuelan presidency of the group

“Mercosur has closed its doors to Paraguay and it’s not good for Latinamerican integration”, was the first reaction from Asuncion after the group announced the presidency for Venezuela and lifting the suspension of Paraguay next 15 August.
Friday, July 12th 2013 - 23:00 UTC
Maduro pledges his priority as Mercosur chair is the full active return of Paraguay

President Nicolas Maduro remembered former leader Hugo Chavez and pledged his main priority as president of Mercosur would be to ensure the quick return of Paraguay to the group. Maduro made the statement on Friday in Montevideo during the ceremony in which he received the official Mercosur presidency gavel from Uruguayan president Jose Mujica which means he will be holding the pro tempore chair for the next six months.
Friday, July 12th 2013 - 22:19 UTC
US Airways shareholders approve merger with American Airlines

US Airways shareholders voted to approve the carrier's merger with American Airlines' parent company, AMR Corp. on Friday morning. The formal part of the shareholder meeting in New York lasted about 15 minutes.
Friday, July 12th 2013 - 22:11 UTC
Despite lavish spending, health of the US population has fallen behind that of economic peers

The United States is falling behind its economic peers in most measures of health, despite making gains in the past two decades, according to a sweeping study of data from 34 countries.
Friday, July 12th 2013 - 22:05 UTC
German courts reject petition from hedge fund holders of Argentine debt

German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
Friday, July 12th 2013 - 21:06 UTC
Five-time champion Fangio Formula 1 Mercedes 196 auctioned for £ 19.6 million

Automotive history was made at the Bonhams Goodwood Festival of Speed Sale on Friday when the car that took five-time champion Juan Manuel Fangio to the second of his Formula 1 world titles achieved a record-breaking figure of £19,601,500 (US$29,650,095, €22,701,864).
Friday, July 12th 2013 - 20:41 UTC
EU bio-diesel tariffs and China’s policy change threaten Argentina’s soy-oil industry

The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.
Friday, July 12th 2013 - 20:17 UTC
Belonging to Mercosur and the Pacific Alliance is ‘not incompatible’ says Uruguay

Uruguay Vice-president Danilo Astori said that belonging to Mercosur and the Alliance of the Pacific is ‘not incompatible’ and called on the ‘powerful members’ of Mercosur to support an agreement with the Pacific Alliance of which Uruguay and Paraguay are already observers.
Friday, July 12th 2013 - 19:29 UTC
Chilean national strike in demand for improved labor conditions and free education

Protesters disrupted traffic in the Chilean capital and blocked access to mining operations Thursday as part of a national strike called by the country's main labor federation.