Stories for November 27th 2013

Wednesday, November 27th 2013 - 16:10 UTC
Foreign Office complains to Spain search of a UK diplomatic bag at the Gibraltar border

The British Government said Spain’s decision to search a UK diplomatic bag at the border with Gibraltar was “a serious infringement” of international diplomatic protocol. In a statement, the Foreign & Commonwealth Office said it had called on the Spanish Government to look into the incident and ensure it was not repeated.
Wednesday, November 27th 2013 - 10:12 UTC
UK 'unreserved' support for Gibraltar's international sports: first football, now rugby

Britain’s Secretary of State for Culture, Media and Sport, Maria Miller, has pledged her ‘unreserved’ support Gibraltar’s international sporting ambitions. The backing for Gibraltar comes as the Gibraltar Rugby Football Union (GRFU) goes through the process of FIRA/AER (European Rugby Federation) membership after being previously rejected and blocked by Spain last July despite meeting the necessary criteria.
Wednesday, November 27th 2013 - 07:25 UTC
US defies China's 'air defense identification zone' over disputed islands

US has flown two B-52 bombers over disputed islands in the East China Sea in defiance of new Chinese air defense rules, officials say. China set up its “air defense identification zone” on Saturday insisting that aircraft obey its rules or face “emergency defensive measures”.
Wednesday, November 27th 2013 - 07:21 UTC
Independent Scotland would keep the pound, the Queen and oil and gas reserves

Scottish leader Alex Salmond unveiled on Tuesday what he called a “mission statement” for the country’s future: a 649-page paper detailing many of the terms for an independent Scotland. The country’s first minister released his Scottish National Party’s so-called white paper ahead of a referendum on independence from the United Kingdom set for next September.
Wednesday, November 27th 2013 - 07:10 UTC
“Capitalists speculate and steal, as we do” admits in a passionate slip Maduro

No end to Venezuelan president Nicolas Maduro oral bloopers. In campaign for the municipal elections of 8 December and in the midst of an economic war on big business of which it accuses of promoting inflation and destabilizing his government, a self confession or “sincericide” (a blend of sincerity and suicide) became the delight of social networks ant twitters.
Wednesday, November 27th 2013 - 07:07 UTC
Premier Oil with operations in the Falklands launches bond to diversify its debt away from banks

FTSE 250-listed energy explorer Premier Oil with strong interests in the Falkland Islands oil industry, launched this week a new bond, as it looks to diversify its debt away from banks.
Wednesday, November 27th 2013 - 07:00 UTC
Cristina Fernandez meets top delegation of German chemistry and oil corporation

Argentine president Cristina Fernandez definitively abandoned strict mourning on Tuesday wearing a white blouse and black trousers in her first interview with foreign business people since her return to the job after 45 days of medical leave because of cranium surgery and cardio-vascular exams.
Wednesday, November 27th 2013 - 06:49 UTC
Petrobras shares plummet on fears that fuel price increases will be further delayed

Brazilian state-run oil firm Petrobras fell to its lowest level in more than a year on Tuesday, pushing the country's stock market to a near three-month low on concerns the government may delay a new pricing policy that could stem losses in the firm's refining division.
Wednesday, November 27th 2013 - 06:43 UTC
Sound fiscal policy is new target of Brazilian economy: subsidies to be lessened

Brazilian Finance Minister Guido Mantega said on Tuesday the government will remove some subsidies and delay tax breaks to keep the country's fiscal policy sound. Likewise the state development bank, BNDES, will stop funding lines for regional government next year.
Wednesday, November 27th 2013 - 06:35 UTC
YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.