Politics

• Monday, June 18th 2012 - 07:35 UTC

  Argentine government denies any re-re-election plan; opposition don’t believe them even if written on stone

  

  Argentine President Cristina Fernandez main political spokesperson, Senator Alberto Fernández assured that the government has no plans of carrying out a constitutional reform and said that speculation about the 2013 legislative elections is “obscene.”

• Monday, June 18th 2012 - 07:32 UTC

  Peru announces 28bn dollars in mining projects despite growing social unrest

  

  The Peruvian government has approved private mining projects worth 28 billion dollars out of 52 billion dollars of projects planned over the next five years, Peru's Energy and Mines Minister Jorge Merino said.

• Monday, June 18th 2012 - 07:14 UTC

  Gibraltar in C24 challenges Spain to take disputed waters case to the International Court

  

  Spain is scared to test its “feeble claims” in Court, whether in respect of Gibraltar’s undisputable right to self determination or its undisputable waters. That was the charge made by Gibraltar Chief Minister Fabian Picardo on Friday before the United Nations Committee of 24 as he challenged Madrid to take these issues to the appropriate international courts.

• Monday, June 18th 2012 - 07:06 UTC

  France defies Germany proposes 120bn Euros “pact for growth” to EU leaders

  

  French President Francois Hollande has proposed a 120 billion Euro “growth pact” ahead of key talks with Euro zone leaders, newspaper Le Journal du Dimanche reported on Sunday.

• Monday, June 18th 2012 - 05:10 UTC

  France deposits full confidence in Hollande and his promised growth-strategy

  

  France's Socialists won control of parliament on Sunday, handing President Francois Hollande the convincing majority he needs to push through his tax-and-spend agenda to battle the Euro zone debt crisis.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy

• Monday, June 18th 2012 - 03:18 UTC

  Frozen fuel prices make it difficult for Petrobras to engage in ambitious development program

  

  Brazil's state-led oil company Petrobras is likely to struggle to find the cash to pay the recently announced world's largest corporate investment program. The country needs money to pay hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020.

• Monday, June 18th 2012 - 03:12 UTC

  “An agreement over the Falklands is a matter of time”, says world affairs analyst

  

  Analyst of the Investigation Conflicts Unit at The Hague, Ivan Briscoe said that some kind of agreement involving the Argentine claim of sovereignty of the Falkland/Malvinas Islands is only a matter of time.

• Monday, June 18th 2012 - 02:24 UTC

  Ban Ki-moon good offices on Falklands issue if “both parties are willing to engage”

  

  United Nations Secretary General Ban Ki-moon reiterated his good offices to help resolve the Falklands/Malvinas sovereignty dispute between Argentina and the UK, but also pointed out “as long as the parties are willing to engage”.

• Monday, June 18th 2012 - 01:12 UTC

  European crisis could reduce Latin America’s growth prospects by 40%

  

  An aggravation of the European crisis could reduce growth prospects in Latin America up to 40%, said the Inter American Development bank president Luis Alberto Moreno, particularly because of the influence of European financial institutions in the influx of capital to the region.