A Spanish court has issued hefty prison sentences for politicians and business people involved in a kickbacks-for-contracts scheme that helped fund Spain’s governing party. The National Court’s decision is a major blow for Spanish Prime Minister Mariano Rajoy’s Partido Popular, fined 245,000 Euros because it benefited from the illegal scheme that was in place between 1999 and 2005.7 comments
Japan is encouraging more countries from Central and South America to join the reworked Trans-Pacific Partnership trade pact, in hopes of both capturing the potential of these markets and pressuring the U.S. to return to a framework it left last year.1 comment
Moving the Illex fishery into the ITQ system and improved catch verification requirements are among the recommendations made by an independent review of the Individual Transferable Quota (ITQ) system published by the Falkland Islands government, FIG, this week.2 comments
Argentina’s central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement.1 comment
Most voters are in favor of the Union but believe Brexit has made the break-up of the United Kingdom more likely, polling has found. In England, 68% of adults backed the UK status quo followed by 66% in Wales, 59% in Northern Ireland and 52% in Scotland, according to the ICM research. But across the four nations, up to six out of 10 voters said Britain’s exit from the European Union had increased the prospect of the UK splitting up.13 comments
Manchester United has again been named most valuable European football club, being worth about €3.25bn (£2.9bn) says business services group KPMG. The English club tops KPMG's study of top sides' enterprise value, ahead of Real Madrid and Barcelona.Add your comment!
British Foreign Secretary highlighted the close political links with Chile and commercial opportunities for UK companies during his brief visit to the country, as part of a more ambitious tour of other South American countries, Peru and Argentina.Add your comment!
China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.Add your comment!
Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.Add your comment!
Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.Add your comment!