Stories for 2013

Tuesday, July 30th 2013 - 03:07 UTC
Uruguay needs ‘a dollar at 25 Pesos’ if it wants to remain competitive warn economists

Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.
Tuesday, July 30th 2013 - 03:03 UTC
Eclac joins the club of Argentine government official stats disbelievers and says inflation is 20.5%

Following on the steps of the IMF (and World Bank) which has strongly questioned Argentine official stats (mainly inflation and GDP growth), the United Nations Economic Commission for Latin America and the Caribbean, Eclac, also joined the club of disbelievers since in its last report on the regional economy appealed to other stats’ sources.
Tuesday, July 30th 2013 - 02:48 UTC
Argentine auto-manufacturing boosts June and half year industrial production stats

Boosted by auto and metal-mechanic manufacturing industrial production in Argentina during June increased 3.8% compared to the same month a year ago, according to the latest release from Indec. Since April and May were also positive this means that the second quarter was up 3.5% over a year ago.
Tuesday, July 30th 2013 - 02:40 UTC
Falklands at C24: ‘Alejandro Betts misrepresents’, says Professor Willets

Mr. Alejandro Betts spoke on 20 June this year at the UN Special Committee on Decolonisation, as a petitioner on the “Falklands (Malvinas) Question.” It has been brought to my attention that his speech included a highly distorted account of my visit to the Islands to observe the referendum on behalf of the South Atlantic Council.
Tuesday, July 30th 2013 - 02:23 UTC
EU and China reach an ‘amicable solution’ on solar panel imports

The European Commission says it has reached “an amicable solution” with Beijing in a row over imports of Chinese solar panels. Both sides have agreed a minimum price for the panels, EU Trade Commissioner Karel De Gucht said.
Monday, July 29th 2013 - 22:25 UTC
Norway media question why Oslo is not collaborating with South Georgia rat eradication campaign

An ambitious multi-national move to reduce the rat population on the island of South Georgia has yielded results despite no Norwegian government funding underlines an Oslo media recalling the close relations of the Scandinavian country with the extreme south island and sixty years of whaling.
Monday, July 29th 2013 - 21:53 UTC
Four decommissioned Royal Navy Type 22 frigates en route to the scrap yard

Four decommissioned Royal Navy frigates are destined for the scrap-yard. Type 22s HMS Cumberland, HMS Campbeltown, HMS Chatham and HMS Cornwall are currently moored in Portsmouth Harbour. The Ministry of Defence expects to receive just under £3m from the sales agreed earlier this month.
Monday, July 29th 2013 - 21:49 UTC
Francis speaks openly about the Church’s problems during his trip back to Italy

Pope Francis said the troubled Vatican bank must become “honest and transparent” and that he will listen to the advice of a commission he has set up on whether it can be reformed or needs to be shut down altogether.
Monday, July 29th 2013 - 21:48 UTC
US power regulator after JP Morgan Chase for market manipulation

The US power regulator outlined its case of market manipulation against JPMorgan Chase & Co as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation.
Monday, July 29th 2013 - 06:18 UTC
Colombia government and FARC resume peace negotiations despite armed clashes

Colombian government and Marxist-inspired-drugs-funded FARC rebels resumed peace negotiations in Havana on Sunday after a recess of more than two weeks, during which 19 soldiers and a number of rebels were killed and rural protests left four farmers dead and several police injured.