Stories for November 3rd 2013

Sunday, November 3rd 2013 - 12:07 UTC
Russia, Ukraine, China block plans in CCAMLR to create Antarctica marine reserves

Russia, Ukraine and China are being blamed for a failure of plans to protect almost 3 million square kilometers of ocean in Antarctica. After two weeks of discussions behind closed doors, the Conservation of Antarctic Marine Living Resources (CCAMLR) has failed to come to an agreement on new marine reserves.
Sunday, November 3rd 2013 - 03:18 UTC
US appeals court rules in favor of Argentina; rejects lift of stay requested by hedge funds

A US appeals court said on Friday it would leave a freeze in place on an order requiring Argentina to pay 1.33 billion dollars to bondholders suing for full face repayment in the wake of the country’s 2002 default.
Sunday, November 3rd 2013 - 03:14 UTC
Germany/Brazil initiative at the UN to end excessive electronic surveillance

Germany and Brazil circulated a draft resolution to a U.N. General Assembly committee on Friday that calls for an end to excessive electronic surveillance, data collection and other gross invasions of privacy. The draft resolution does not name any specific countries, although U.N. diplomats said it was clearly aimed at the United States, which has been embarrassed by revelations of a massive international surveillance program from a former US contractor.
Sunday, November 3rd 2013 - 01:12 UTC
Former Paraguayan president ambassador in Argentina to improve 'Mercosur links'

Former Paraguayan president Nicanor Duarte Frutos is scheduled to arrive this week in Buenos Aires where he will be taking the post of ambassador in Argentina one of the most politically important for the land-locked country.
Sunday, November 3rd 2013 - 00:47 UTC
Falklands considering alternative financial services in the form of a credit union

A locally owned and managed credit union, “run by the people that it serves” that would provide savings, credit and other financial services to its members, is the subject of a newly released suitability study by the Falkland Islands Development Corporation (FIDC) and was discussed at public consultation meetings at the Chamber of Commerce and the Goose Green Social Club this week.
Sunday, November 3rd 2013 - 00:42 UTC
Brazil posted in September its highest primary budget deficit in five years

Brazil posted a primary budget deficit of 9.048 billion Reais (4.1 billion dollars) in September, its biggest in nearly five years and the government reacted announcing a plan of cuts fearing an impact from credit rating agencies.
Sunday, November 3rd 2013 - 00:16 UTC
Latam needs to invest 2 trillion dollars in infrastructure in next 20 years

Latin America will need 2 trillion dollars investment in the energy sector during the coming twenty years to sustain its development growth, according to a conference on “Energy: a vision of the challenges and opportunities in Latin-American and the Caribbean” sponsored by Latam Development Bank, CAF.
Sunday, November 3rd 2013 - 00:03 UTC
Brazil's golden boy files for bankruptcy; an example of overblown expectations?

Just a few year ago, flashy Brazilian billionaire Eike Batista was bragging that he would soon overpass Carlos Slim as the world's richest man. He even liked to show visitors his Mercedes-Benz McLaren parked right in the living room of his mansion. But his fall has been deep and fast.