Stories for September 13th 2013

Friday, September 13th 2013 - 20:50 UTC
Argentina formally requests US Supreme Court to review Appeals court favoring holdout hedge funds

Argentina’s legal representation in Washington DC yesterday sent a petition for a writ of certiorari to the United States’ Supreme Court, requesting Justices to accept its appeal against the Second Circuit Court of Appeal’s ruling in favour of holdout hedge funds, which are demanding full repayment for bonds left unpaid by Argentina’s record-breaking 2002 default.
Friday, September 13th 2013 - 20:40 UTC
Canada, Israel, Japan with the most educated status in the world, says OECD

With spiking tuition costs, insurmountable loan balances, and the unemployment rate for recent college graduates at double digit it’s clear that a university education doesn’t receive the best of praise, particularly in developed countries.
Friday, September 13th 2013 - 20:36 UTC
Falklands: despite MPs criticisms, “UK government wants full bilateral relationship with Argentina”

A British Conservative Member of Parliament Henry Smith labeled Argentine president Cristina Fernandez as ‘disgraceful’ for how she has treated the people of the Falkland Islands and also claimed she stopped an Argentine prosecutor from testifying before the US congress on the Buenos Aires 1994 bombing of an Israelite mutual association in order to protect a growing alliance with Iran.
Friday, September 13th 2013 - 02:29 UTC
Aerolineas Argentinas admits to annual losses of 250 million dollars

Argentina’s flag carrier Aerolíneas Argentinas will have this year an operational deficit of 250 million dollars, approximately 12% of sales, but a sharp decrease from the 640 million loss last year, said CEO Mariano Recalde addressing Senate Budget, Finance, Infrastructure, Housing and Transport committees.
Friday, September 13th 2013 - 02:26 UTC
Dow Jones industrial average revamped: Alcoa, BofA out, Nike, Visa, Goldman Sachs

The Dow Jones industrial average, one of the world's best known measures of stock market performance, is having a revamp. Alcoa, Bank of America and Hewlett-Packard are being dropped from the index of the top 30 US companies. From 23 September they will be replaced by Goldman Sachs, Nike and Visa.
Friday, September 13th 2013 - 02:21 UTC
UPM assessed as industry leader in environmental sustainability

Finland’s energy and pulp UPM group has again been named among the world's sustainability leaders. The company has retained its position in both the Dow Jones European and World Sustainability Indices (DJSI) for 2013-2014. Furthermore, the company has been assessed as the industry leader in environmental sustainability within the Paper and Forest Products sector with top scores.
Friday, September 13th 2013 - 02:16 UTC
Argentina confirms that the Malvinas question has become a Latinamerican strategy issue

Javier Figueroa head of the Malvinas Desk at the Argentine Foreign ministry said that it is strategic to make the “Malvinas question” a Latinamerican issue. Figueroa made the statement during a meeting of Central America and Caribbean Malvinas Solidarity groups which opened Thursday in Havana.
Friday, September 13th 2013 - 01:38 UTC
Argentina has access to 1.5bn dollars from IDB to improve metropolitan railways

The Inter-American Development Bank (IDB) approved a conditional credit line for 1.2 dollars billion to finance a program to improve metropolitan railroads in Argentina. The Bank also approved the first loan in the credit line for 300 million dollars for the Plaza Constitucion-La Plata branch of the General Roca railroad, which will benefit 2.4 million people in the Buenos Aires metropolitan area.
Friday, September 13th 2013 - 01:34 UTC
Argentina forecasted to expand 5.1% this year and 6.2% in 2014, says budget presented to Congress

Argentina's economy is expected to grow 6.2% next year, while GDP in 2013 is forecasted to expand 5.1% boosted by a massive grains harvest and the automobile industry, Economy Minister Hernan Lorenzino said on Thursday while presenting the 2014 budget bill before Congress.
Friday, September 13th 2013 - 01:20 UTC
Spain now disputes Portugal’s Savage Islands EEZ before the UN

Spain has quietly lodged an official request with the United Nations to have Portugal’s southern-most territory, the Savage Islands, declared as rocks and not as islands, according to a report from the Gibraltar Chronicle.