Stories for September 2013

Friday, September 6th 2013 - 01:52 UTC
Repsol expands gas production in Bolivia to supply growing Argentine demand

Spain’s Repsol inaugurated on Thursday, a month before schedule, a new module of its gas processing plant in Margarita in the south of Bolivia which will allow the company in three weeks, to significantly increase its production and delivery to Argentina, its main client.
Friday, September 6th 2013 - 01:42 UTC
Debt-struck Madrid believes its modest budget will end hosting the 2020 Olympics

Debt-struck Madrid is betting its penny-pinching bid to host the Olympics in 2020 will reap rich economic dividends for recession-hit Spain. The Spanish capital is banking on a low-cost 5 billion dollars Olympic bid that relies heavily on existing stadiums to surprise Tokyo and Istanbul when Olympic chiefs make their decision in Buenos Aires on Saturday.
Friday, September 6th 2013 - 01:30 UTC
“Go ask Obama why US refuses to support Argentina in dispute with vulture funds”

President Cristina Fernández spoke out against the US refusal to discuss Argentina’s dispute with the so-called ‘vulture funds’, (and its inclusion in the final declaration) during the G-20 meeting in Moscow, Russia.
Friday, September 6th 2013 - 01:17 UTC
Cristina Fernandez meets WTO chief and blasts world powers ‘protectionism’

With a busy agenda prior to her G20 Summit address, Argentine President Cristina Fernández renewed her criticism of so called world powers’ “protectionism” and warned about a “crisis of the multilateral system” both in the economic and political arenas.
Friday, September 6th 2013 - 00:57 UTC
FAO food price index drops for fourth month running; abundant cereal crops

FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9%) below its July value and 11 points (5.1% less than in August 2012.
Friday, September 6th 2013 - 00:47 UTC
Falklands to honour Baroness Thatcher with a sculpted bronze bust

The Falkland Islands Government is in the process of commissioning a sculptor to create a memorial bust of Baroness Thatcher. The project follows a public consultation held to determine how to best commemorate the late Margaret Thatcher in the Falkland Islands.
Friday, September 6th 2013 - 00:43 UTC
Bank of England leaves key rate and bond-buying program unchanged

Bank of England officials left their bond-buying program unchanged on Thursday as they assessed the impact of Governor Mark Carney’s forward guidance policy to keep interest rates low amid a strengthening economic recovery.
Friday, September 6th 2013 - 00:39 UTC
ECB ready to cut rates or pump more money to help sustain Euro-zone recovery

The European Central Bank said it was ready to cut interest rates or pump more money into the Euro zone economy if necessary to bring money market rates down and help the Euro zone's economic recovery. ECB chief Mario Draghi said the policymaking Governing Council did discuss a possible rate cut at its monthly meeting, partly due to concern about money market rates and the uncertain “very green” nature of the recovery.
Friday, September 6th 2013 - 00:26 UTC
UK minister says Gibraltar dispute ‘could cloud bilateral relationship with Spain’

Britain’s relationship with Spain could be damaged by the ongoing dispute over Gibraltar, Europe Minister David Lidington warned. Lidington told the Financial Times there was a danger the row would overshadow all other parts of the Anglo-Spanish relationship. “There is clearly a risk that this will cloud the bilateral relationship,” he said.
Friday, September 6th 2013 - 00:18 UTC
Falklands will attend celebration of Gibraltar National Day next week

Falkland Islands lawmaker Ian Hansen together with political leaders of another seven UK Overseas Territories will be in Gibraltar to celebrate National Day next week, 10 September.