
Rating agency Fitch carried out its threats today and downgraded the ratings of five countries in the eurozone including Spain, Italy, Belgium, Cyprus and Slovenia. Ireland ratings where reaffirmed, informed the agency.

The British government acknowledged today the naming of the new Argentine ambassador to the United Kingdom, and stated that they hoped the coverage of the long-vacant position will permit “the strengthening of cooperation” between the two countries.
• Alicia Castro appointed ambassador to UK
Buenos Aires stocks moved lower, with the Merval benchmark stock index edging down by 2.6 percent, to 2,831.58 points. It has accumulated a 1.2 percent drop this week.

Vice-President Amado Boudou assured today that for President Cristina Fernández de Kirchner, now is a time for “administrating and working” not for “electoral engineering,” subsequently hitting back at the media for trying to supposedly “stigmatize” their administration.

"Big worries" remain about what the euro zone will do going forward and the United States and Japan also need to demonstrate a medium-term commitment to reducing debt, International Monetary Fund chief Christine Lagarde said today.
• Eurozone finance ministers upbeat on Greece, crisis solution
The European Central Bank's loans to banks have averted a major credit crunch but credit remains seriously impaired in parts of the euro area, ECB President Mario Draghi said at the World Economic Forum in Davos today.

Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich in his most aggressive debate performance yet, five days ahead of Florida's primary vote.

After a month shying away from the public eye and amidst conflicts between truckers and companies based in Chubut, CGT umbrella union leader Hugo Moyano is to make an appearance today by leading an event in Santa Fe.

Emergency rescuers recovered from the rubble today eleven bodies of victims of three buildings that collapsed in downtown Rio de Janeiro on Wednesday. This morning the local media reported 26 families are still looking for their loved ones.
• Rousseff expresses her condolences to Río tragedy’s victims
A suicide bomber detonated his explosive-filled taxi near a funeral procession in Baghdad today, killing 31 people in the latest attack in a Shi'ite neighborhood amid rising violence since an Iraqi political crisis erupted in December.

Several of Italy's consumer groups signed an agreement with Costa Cruises to offer about 11,000 euros ($14,500) to each of the more than 3,000 passengers aboard the Costa Concordia when it hit a rock and capsized near the Italian island of Giglio on January 13, a statement from the consumer groups said.

President Cristina Fernández de Kirchner appointed Alicia Castro as ambassador to the United Kingdom, and the British government has accepted her credentials, the Foreign Ministry announced on Thursday.
• Further escalation between Argentina, UK over Malvinas
After resuming her activities as Head of State, Cristina Fernández de Kirchner met twice with various Government officials in the Olivos presidential residence and later flew to Santa Cruz, where she is expected to spend the weekend with her family.

Agriculture Minister Norberto Yauhar promised farming sector leaders loans for 2.3 billion pesos after today's a third meeting with the Agricultural Emergency Committee in which participants discussed the next steps on regards the current drought that affects a large portion of the country.

World stocks fell on news the US economy grew more slowly than expected in the last quarter of 2011, while the euro rose on hopes of an imminent deal on Greece's debt that could help avert a disorderly default.

Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran warned it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.

The US economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.
• Geithner: Economy growing with challenges
Teamsters threatened the government today to call for a strike and march to Plaza de Mayo if the 200 Chubut employees of Camuzzi firm who were fired are not reinstated. The unionists left the negotiation table today after an agreement with Labour Ministry’s officials failed to be reached.

The defence lawyer of the late Río Negro governor Carlos Soria’s wife, Susana Freydoz, sent a request to the Judiciary that the she be hospitalized in a psychiatric institution due her suffering intensive depression, described to be “putting her life at risk.” Freydoz remains the only suspect in her husband’s death.

Carlos Tevez could stay at Manchester City until the end of the season even though he has not kicked a ball for them since September and is unlikely ever to do so again.

The US dollar stood at AR$4.31/AR$4.35 today, remaining unchanged from the previous price at the close business yesterday at Buenos Aires exchange houses.

World number one Novak Djokovic fought off what appeared to be breathing problems and fatigue to advance to the final of the Australian Open following an epic five-set semi-final victory over Britain's Andy Murray. Djokovic will face Spaniard Rafael Nadal in Sunday's final.
• Rafa beats Federer in semi-final
British Energy Secretary Chris Huhne admitted that the initial oil explorations in the waters surrounding the Malvinas Islands, in the South Atlantic, were “disappointing,” although he indicated the course may change in the future.

City Mayor Mauricio Macri's administration has offered to help the National Government in the distribution of the SUBE electronic cards through twelve communal branches in the city, and additional computers and human resources to simplify the card-obtaining process.

Malaysian-owned Caterham emerged at the head of the pack as the first of the Formula One teams to show off their new car.

Barack Obama said he doubted his decisions "constantly" and made mistakes daily but thought he had become a better president with more on-the-job experience.

Moody’s Investors Service revised Uruguay’s credit outlook, and moved it up from "stable" to "positive," citing as reasons the "fiscal discipline that led the country to ease deficits and decrease its foreign debt metrics."
Making Boca Juniors favourite again?

Eric Weil
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Suicidal mood

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Hawks and fishermen

Ivan Briscoe
Spare a thought for William Hague. Just as the foreign secretary was heading to Brazil to trumpet the renaissance of British diplomacy across Latin America, back home, in the...
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Forget (if only for a moment) about the petty nuances of Argentina’s media brawl — there’ll be plenty of time to deal with your Claríns and your Morenos once again. Something big happened in the world this week. Forget also (hopefully for good) about Samuel...
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President Cristina Fernández de Kirchner’s first public appearance in Government House on Wednesday after her thyroid gland surgery on January 4 effectively signals the start of her second consecutive mandate, especially because the cancer scare that took her...
• De vuelta en la oficina

If you are in need of a laugh, it might be better to directly look at the trailer for Peter Capusotto’s new film showing his 3 dimensions, as the famous Argentine comedian hits the big screen with a new list of laughs to share. In US film news, new arrivals include the flashy ‘Immortals’ starring Mickey Rourke and Indian actress Freida Pinto. (see inside for full details)
Nigerian authors look to West to gain fame
The chaos of Nigeria's largest city of Lagos gets boiled down to prose as a narrator notes “how unpretty” its sprawl looks, with “its unplanned houses...
Moore 'smoked something' before convulsions
Demi Moore suffered convulsions and seemed only semi-conscious after smoking an undisclosed substance before being rushed to hospital.
Creatures of the night
The repertoire list in the local billboard is quite varied and, although there are quite a few titles that are waiting to be premiered, there are still plenty to...
Leonard Cohen's new take on 'Old Ideas'
Sitting in a dimly lit New York City bar wearing a trilby hat and a dark suit, no tie Leonard Cohen pauses before responding to a question.




















