Current Edition

Current Edition
Saturday, November 22nd 2014 - 09:13 UTC

Argentina's economy weakens in September, according to official stats

People have been cutting back on spending, particularly on big-ticket items such as cars and home appliances.

Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday.

Saturday, November 22nd 2014 - 06:54 UTC

Mexican president hails Obama's decisions on immigration

“I want to publicly recognize yesterday's announcement,” said Peña Nieto “These measures bring relief to principally Mexican immigrants.”

Mexican President Enrique Peña Nieto hailed US President Barack Obama's sweeping steps on immigration, saying they were “most important measures taken in several decades” and would allow families to stay together.

Saturday, November 22nd 2014 - 06:47 UTC

Falklands construction booming: permission for second 80 bedroom hotel

The second 80 bedroom employees hotel will cater to the needs of the workers in the next oil exploration drilling round, including access and related services.

Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.

Saturday, November 22nd 2014 - 06:07 UTC

Rousseff expected to announce proven fiscal hawk as Finance minister

Joaquim Levy, Nelson Barbosa and Alexandre Tombini according to media will be team conducting Brazilian finances

Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.

Saturday, November 22nd 2014 - 06:00 UTC

World markets celebrate after China cuts benchmark interest rates

The People's Bank of China slashed its one-year rate for deposits by 25 basis points to 2.75% and its one-year lending rate by 40 basis points to 5.6%.

China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.

Saturday, November 22nd 2014 - 05:49 UTC

US Senate grills banks accused of 'unfair' trading practices with commoditisers

“If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities”, said Senator Carl Levin

Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.

Saturday, November 22nd 2014 - 05:30 UTC

UK reacts to 'Malvinas are Argentine' signs on public transportation

Senator Teresa Luna said the initiative is directed not only at the foreigner who comes as a tourist, but also at the citizens in general

The UK has objected to Argentine congress decision that public transportation should carry signs expressing the country's claim over the Falkland Islands. A law passed by the Argentine Congress says vehicles must declare “Las Malvinas son Argentinas”, or the “Malvinas are Argentine”.

Friday, November 21st 2014 - 22:55 UTC

“Habeas corpus” does not apply to Sumatran orangutan in Buenos Aires zoo

“Sandra is in captivity, living in absolute solitude in the Buenos Aires city zoo” argued AFADA, which requested the orangutan be transferred to a sanctuary

Sandra, a 20-year Sumatran orangutan must remain at the Buenos Aires zoo following the rejection of an habeas corpus request presented by a group in defense of animal rights. The magistrate ruled that the 'non human person' presentation was not applicable to Sandra as pretended by AFADA, Association of Staff and Lawyers for Animals' rights.

Friday, November 21st 2014 - 21:16 UTC

Falklands opens dock facility to support oil industry exploration beginning 2015

Ms. Cunningham is on her second visit to the Falklands, having first visited in March, before the dock “Nobel Frontier” arrived under tow from New Orleans (Pic Houston Ch)

This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.

Friday, November 21st 2014 - 08:56 UTC

Pope Francis condemns speculation with food commodities at FAO conference

“The hungry remain, at the street corner, and ask to be recognized as citizens, to receive a healthy diet. We ask for dignity, not for charity”

Pope Francis condemned speculation in food commodities and greed for profits today, saying they were undermining the global fight against poverty and hunger. Addressing a United Nations conference on nutrition, he called on rich nations to share their wealth and denounced waste, excessive consumption and unequal distribution of food.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement