Stories for October 2014

Wednesday, October 8th 2014 - 03:58 UTC
Inventors of new energy efficient LED light bulbs, awarded Nobel for Physics

An American of Japanese origin and two Japanese scientists won the 2014 Nobel Prize for Physics on Tuesday for inventing a new energy-efficient and environment-friendly light source, leading to the creation of modern LED light bulbs.
Wednesday, October 8th 2014 - 03:50 UTC
Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.
Wednesday, October 8th 2014 - 03:46 UTC
World Bank supports Argentina, favors institutional frame for 'holdouts'

World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”
Wednesday, October 8th 2014 - 03:43 UTC
IMF lowers Latam growth forecasts: declining exports and domestic constraints

The International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of weaker growth in core Euro zone countries, Japan and big emerging markets like Brazil.
Wednesday, October 8th 2014 - 03:40 UTC
Ebola outbreak threatens Africa with dramatic consequences, says IMF

Saharan Africa's economic growth remains strong and should accelerate to 5.8% in 2015 but if the Ebola outbreak in its western corner is protracted or spreads it will have “dramatic consequences” for that zone, the IMF said on Tuesday.
Tuesday, October 7th 2014 - 22:19 UTC
Despite record shrimp season, Argentine seafood landings drop 7.3%

Seafood landings in Argentine sea ports between January first and 30 September totaled 584,835.1 tons of seafood resources, 7.3% less that the same period a year ago, 630,393 tons.
Tuesday, October 7th 2014 - 22:08 UTC
Enhancing safe navigation in polar waters

The Association of Arctic Expedition Cruise Operators (AECO) and the International Association for Antarctica Tour Operators (IAATO), in cooperation with Lindblad Expeditions, have found a way for cruise operators to share years of depth soundings from the Arctic and Antarctica.
Tuesday, October 7th 2014 - 19:45 UTC
Matthew Rycroft has been appointed as UK Permanent Representative to UN

Matthew Rycroft CBE has been appointed as the United Kingdom’s Permanent Representative to the United Nations in New York in succession to Sir Mark Lyall-Grant KCMG, who will be transferring to another Diplomatic Service appointment. Mr Rycroft will take up his appointment during April 2015.
Tuesday, October 7th 2014 - 06:16 UTC
Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.
Tuesday, October 7th 2014 - 06:04 UTC
IMF urges changes in sovereign bonds' contracts, following Argentina's case

The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.