By Tina Arceo-Dumlao
World Cup fever is nearing its zenith as football superpowers Germany and Argentina prepare for their final showdown on July 13 (Monday morning in the Philippines), and Filipinos are no longer as immune as they used to be.
The European Commission moved on Tuesday to impose provisional anti-dumping duties on bio-diesel from Argentina and Indonesia, which account for some 20 percent of the 12-billion-euro EU market.
As the sound of tango filled the room, the students chose partners, held them close and gingerly launched into the intricate steps of Argentina’s famous ballroom dance.
Standard & Poor’s cut Argentina’s credit rating by one notch Tuesday, four days after a key New York court ruling on Argentine bonds increased pressure on the government’s ability to manage its debts.
Moody’s on Tuesday downgraded its rating for Argentina’s oil company YPF another notch a month after Buenos Aires seized control of the country’s largest oil firm, citing concerns over its debt.