Politics

• Saturday, December 12th 2009 - 01:28 UTC

  I’ll be back: military boss bids Falklands farewell

  

  AS Air Commodore Gordon Moulds CBE completes his final week as the Commander British Forces South Atlantic Islands (CBFSAI) he said he was going to miss the job, the Falklands and the people.

• Friday, December 11th 2009 - 14:14 UTC

  Brazil and Argentina try again to reach an agreement on bilateral trade

  

  Brazil and Argentina are currently discussing the possibility of reducing the number of products subject to the so called non automatic import licences which has been obstructing bilateral trade and causing a rift between Mercosur’s largest partners.

• Friday, December 11th 2009 - 13:55 UTC

  Argentina was sure Chile would not be involved in Falklands’ oil exploration

  

  The Argentine government minimized the potential impact to bilateral relations with Chile following news that the country’s oil company Enap had been approached by a British corporation to team up for hydrocarbons exploration offshore the Malvinas Islands.

• Friday, December 11th 2009 - 13:52 UTC

  Argentina clears the way for outstanding debt swap and new bonds issue

  

  In the latest step to finish with outstanding debt problems and return to markets, the Argentine government officially allowed issues of new bonds to be swapped for defaulted government paper.

• Friday, December 11th 2009 - 09:10 UTC

  Brazil, Peru and Uruguay forecasted to expand 5.5% and 5% next year

  

  Brazil, Peru and Uruguay are forecasted to expand 5% or more next year according to the Preliminary Balance from the Economic Commission for Latinamerica and the Caribbean, Eclac, released Thursday in Santiago de Chile.

• Friday, December 11th 2009 - 09:06 UTC

  Peru to purchase Chinese tanks and Brazilian fighter planes

  

  Peruvian president Alan García defended his government’s decision to purchase Chinese tanks and Brazilian fighter planes just a few weeks after accusing Chile of an arms race and proposing an initiative to limit military expenditure in the region.

• Friday, December 11th 2009 - 07:51 UTC

  US extends bail-out fund until October next year “to assist American families”

  

  US Treasury Secretary Timothy Geithner has announced that the 700 billion US dollars financial bail-out fund will be extended until October next year.

• Friday, December 11th 2009 - 07:47 UTC

  Bank of England leaves rates and QE program unchanged

  

  The Bank of England has held UK interest rates at the record low of 0.5% in a widely-expected move. It also announced no changes to its program of pumping newly-created money into the economy - so-called quantitative easing (QE).

• Friday, December 11th 2009 - 07:44 UTC

  UK Chancellor warned about spending cuts and budget deficit targets

  

  United Kingdom Chancellor Alistair Darling was warned he must find £36 billion in new spending cuts if the British Government is to meet its commitment to halve the budget deficit over the next four years.

• Friday, December 11th 2009 - 07:40 UTC

  Chile denies any plans to work with FOGL in Falklands’ oil exploration

  

  Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.