Nobel Prize Stiglitz sides with Argentina in reopening the debt swap

“From a global perspective, it is not possible to understand why a magistrate gets to have the right to judge about any bond in the world”, said Stiglitz“From a global perspective, it is not possible to understand why a magistrate gets to have the right to judge about any bond in the world”, said Stiglitz

In an interview with Argentina’s daily 'Ambito Financiero', Nobel Economics laureate Joseph Stiglitz considered the Argentine government’s move to reopen the debt swap and replace the Bank of New York Mellon with local Banco Nacion as trustee a “good call” saying the reopening would not be mandatory, “volu...

Argentina describes Griesa as 'ignorant' and lacking knowledge on democratic institutions

Kicillof, the all powerful minister who is at the centre of the clash with New York justiceKicillof, the all powerful minister who is at the centre of the clash with New York justice

The Argentine government again blasted Judge Thomas Griesa for declaring 'illegal' the bill sent to Congress referred to the country's debt and creditors, and said the magistrate “ignores national sovereignty” and “ignores how democratic institutions function”.

Depressed Brazilian economy becomes focus of presidential campaign

Brazil's central bank autonomy and independence has been questioned by the opposition Brazil's central bank autonomy and independence has been questioned by the opposition

With less than two months to the crucial 5 October presidential election, Brazil's Central Bank continued to battle economic turmoil increasing the credit available for commercial loans in the hope of boosting the country’s stagnant growth figures.

Premier oil shows stronger than expected output in first half of the year

The company's four-well drilling program in the Falkland Islands, is expected to start in the second quarter of 2015.The company's four-well drilling program in the Falkland Islands, is expected to start in the second quarter of 2015.

Falkland Islands involved oil and gas explorer Premier Oil may upgrade its 2014 production forecast after stronger-than-expected output in the first half of the year, pending the outcome of summer maintenance work, its Chief Executive said. The company reported a 7% rise in first-half profit after tax on Thursday, helped by strong oil production...

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