Stories for October 2013

Friday, October 11th 2013 - 07:52 UTC
Argentina prepared to comply with World Bank arbitration and pay corporations with bonds

Argentina will offer 500 million dollars in sovereign bonds to resolve disputes with corporations at a World Bank arbitration panel, a financial daily newspaper reported on Thursday.
Friday, October 11th 2013 - 07:49 UTC
Rare praise for Argentina’s economy performance from the World Bank

Argentina will grow at an enviable rate compared to other countries in the region, Chief Economist for the World Bank’s Latin America and Caribbean Office Augusto de la Torre said this week, commenting on the institution’s projections for next year.
Friday, October 11th 2013 - 07:21 UTC
World Bank/Argentina agree on new Strategic partnership: 3bn dollars in loans

The Argentine government and the World Bank agreed on Thursday in Washington on a new Strategic Partnership involving an estimated 3 billion dollars in the next three years which will concentrate on loans for education, health care and rural development.
Thursday, October 10th 2013 - 05:24 UTC
Government is run by a solid team following Cristina Fernandez instructions’

Argentine Cabinet Chief Juan Manuel Abal Medina guaranteed there will be no political or institutional crisis due to President Cristina Fernández health condition and underlined that ‘the president’s team is solid and working with no difficulty”, following her instructions.
Thursday, October 10th 2013 - 05:21 UTC
Pope Francis sends his blessings to President Cristina Fernandez

Pope Francis has wished President Cristina Fernández a “full health recovery” following the surgery she underwent on Monday at the Fundación Favaloro clinic in Buenos Aires. “I beg you to feel my presence. I guarantee my nearness and prayer,” the ex Argentine cardinal said.
Thursday, October 10th 2013 - 05:18 UTC
Scientists find huge water channels flow underneath Antarctica’s ice cap

Channels nearly as tall as the Eiffel Tower gouge into the undersides of floating ice in western Antarctica. The recently discovered channels could influence how quickly Antarctic ice sheets slip into the sea, melt, and contribute to rising sea levels.
Thursday, October 10th 2013 - 05:14 UTC
Higgs boson or ‘God particle’ theorists take the Nobel Prize in Physics

Two scientists have won the Nobel Prize in physics for their work on the theory of the Higgs boson: Peter Higgs, from the UK, and Francois Englert from Belgium, share the prize. In the 1960s, they were among several physicists who proposed a mechanism to explain why the most basic building blocks of the Universe have mass.
Thursday, October 10th 2013 - 05:11 UTC
Brazil raises basic interest rate to 9.5% and leaves door open for further increases

Brazil Central bank raised interest rates for the fifth straight time on Wednesday and gave no indication of backing off its battle with high inflation. The benchmark Selic interest rate now stands at 9.5%, up fifty basic points from 9%.
Thursday, October 10th 2013 - 02:34 UTC
Venezuela insists in re-establishing full relations with Paraguay, but legal obstacles remain

Venezuela and Paraguay need to re-establish full relations and overcome “all the obstacles that need to be overcome”, said Foreign minister Elías Jaua currently in Asunción, a special guest of his counterpart Eladio Loizaga.
Thursday, October 10th 2013 - 01:25 UTC
Ice patrol HMS Endurance a complete loss, will be scrapped says MOD

The Royal Navy's former ice patrol ship HMS Endurance is to be scrapped after the Ministry of Defense decided the cost of repairing the vessel, which flooded off the coast of Chile in 2008, was too great.