International

Tuesday, May 22nd 2012 - 18:39 UTC
US and Japan leading economic recovery but still fragile says latest OECD report

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the Euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday.
Tuesday, May 22nd 2012 - 06:09 UTC
Argentina proposal to increase Mercosur common external tariff from 22% to 35%

Argentina is planning to propose its fellow Mercosur members to increase the common external tariff, CET from the current 22% to 35%, when they meet at the next summit in Mendoza. Argentina currently holds the pro tempore chair of the group and at the coming summit the helm will be transferred to Brazil.
Tuesday, May 22nd 2012 - 06:05 UTC
Exports of heifers booming as China build ‘factory-modelled” dairy farms

Agribusiness company Elders says it can't get enough dairy heifers from Australia to supply China's growing demand and for the second consecutive year, a record shipment of 100,000 cattle will sail from dairies in Australia, New Zealand and Uruguay.
Tuesday, May 22nd 2012 - 05:52 UTC
Price of oil picks up after China announces it will bolster economic growth

The price of oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening.
Tuesday, May 22nd 2012 - 03:11 UTC
Banker launches another challenging controversial book with Germany as the “Euro-zone hostage”

Former German central banker Thilo Sarrazin, whose musings on Muslim immigrants sparked outrage in 2010 has triggered fresh controversy with a book that paints Germany as the Euro zone's hostage, forced to pay out vast sums to atone for the Holocaust.
Tuesday, May 22nd 2012 - 03:07 UTC
German oil company ignores YPF seizure and keeps expanding activities in Argentina

Germany's Wintershall, the oil and gas arm of chemicals group BASF, said on Monday it was unperturbed by the enforced nationalisation of Argentine oil company YPF, having just been awarded another oil and gas licence there.
Monday, May 21st 2012 - 06:39 UTC
Taiwan demands from Latam allies “fair, legal and effective” cooperation relation

Taiwan will continue to cooperate with Latin America as long as the relation is fair, legal and effective, said re-elected president Ma Ying Jeou who also described that links with Beijing will continue to be: “no unification, no independence and no arms”.
Monday, May 21st 2012 - 06:26 UTC
Nato discusses how to leave Afghanistan without causing the collapse of Kabul

US President Barack Obama has warned of “hard days ahead” at a Nato summit in Chicago dominated by the issue of withdrawal from Afghanistan. France's new President Francois Hollande has again said he will pull French troops out by the end of 2012, nearly two years ahead of schedule.
Monday, May 21st 2012 - 03:34 UTC
Investors will opt for Uruguay and its legal system, says Spanish ambassador

The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.
Monday, May 21st 2012 - 01:41 UTC
Royal Navy expels Spanish Guardia Civil vessels from Gibraltar territorial waters

The Royal Navy expelled a Guardia Civil vessel from Gibraltar waters following an incursion by Spanish fishermen last week, in a clear sign that Britain will not tolerate any attempt to escalate the fishing row.