Current Edition

Current Edition
Thursday, October 30th 2014 - 21:49 UTC

Fifty one countries sign 'milestone' accord against tax evasion

The accord will end banking secrecy as it has been known for decades, the finance minister, Germany's Finance minister Wolfgang Schäuble

Fifty one nations on Wednesday signed what was hailed as a milestone in the fight against tax evasion, an agreement that commits them all to automatic exchange of tax information starting in 2017. The accord capped a two-day meeting of officials from most of the 123 nations that have joined the Global Forum, which evolved from an agreement by Germany and Britain two years ago to crack down on tax evasion and tax fraud.

Thursday, October 30th 2014 - 21:36 UTC

Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.

Thursday, October 30th 2014 - 21:25 UTC

Sweden becomes first EU country to recognize the State of Palestine

“It is an important step that confirms the Palestinians’ right to self-determination”, said foreign minister Margot Wallstrom said in a statement

Sweden has recognized the State of Palestine, the country’s foreign minister has announced, making it the first European Union country to do so. The 130 other nations that already recognize a Palestinian State include Hungary, Slovakia and Poland although these three countries took this step before joining the EU.

Thursday, October 30th 2014 - 12:30 UTC

Top designer Tom Dixon launches the British Month 2014 in Chile

The Interdesign Store in Santiago hosted Dixon's most recent collection, 'Club'

One of the UK’s best-known designers, Tom Dixon, presented his most recent collection – entitled ‘Club’ - at an event held this last week at the Interdesign Store in Santiago, marking the launch of the British Month 2014 in Chile.

Thursday, October 30th 2014 - 10:53 UTC

Looking to “Doing Business” in Latam, try the Pacific Alliance, forget Mercosur

The Pacific Alliance members make up the short list of the World Bank's doing business rating

The World Bank's “Doing Business” global rating is not very enthusiastic about Latin American and the Caribbean which only first surfaces in position 34 out of the 189 countries considered.

Thursday, October 30th 2014 - 10:39 UTC

In a divided vote, Brazil's central bank raised the Selic rate 25 points to 11.25%

“Inflation risks have become less favorable since its last rate-setting meeting in early September”, said the Copom board headed by Alexander Tombini

In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged.

Thursday, October 30th 2014 - 10:33 UTC

The challenges faced by Dilma Rousseff

In rich states waiting for a change of course, Neves was the winner; in those living mostly of federal grants, Rousseff was victorious by an ample margin

In a strong editorial the influential Folha de Sao Paulo argues that Brazil's reelected President Dilma Rousseff must reestablish confidence to the nation, which is divided regionally and socially, must implement a fluid dialogue with productive Brazil because the economy needs changes and new faces, and must rule for all the country, because victory was the result of millimetrical dispute in Sunday's runoff.

Thursday, October 30th 2014 - 09:16 UTC

Venezuela furious with Rajoy 'interventionism', recalls ambassador 'on consultation'

During a meeting in Madrid with Lopez' wife Lilian Tintori on 22 October, Rajoy said it was necessary to protect freedom of speech and the right to protest

Venezuela recalled its ambassador to Spain to protest “interventionist declarations” made by Spanish Prime Minister Mariano Rajoy, the Venezuelan News Agency (AVN) said on Tuesday.

Thursday, October 30th 2014 - 09:03 UTC

HMS Argyll seizes £ 10 million in drugs in the Caribbean; second bust in three months

The frigate Type 23 is deployed to the North Atlantic and Caribbean region to provide reassurance and support to the UK’s British Overseas Territories

A Royal Navy warship has seized cocaine with a wholesale value of £10 million from a yacht in the Caribbean. Just 24 hours after helping in the aftermath of Hurricane Gonzalo in Bermuda, the Type 23 frigate HMS Argyll’s Lynx helicopter spotted the yacht in the Atlantic.

Thursday, October 30th 2014 - 08:55 UTC

Bachelet welcomed by King Felipe VI at the start of her visit to Spain

The Spanish royal couple greeted Bachelet at the Pardo Palace in Madrid, the official residence for visiting heads of State

King Felipe VI and Queen Letizia on Wednesday welcomed Chilean President Michelle Bachelet at the start of her official visit to Spain, expected to center on economic cooperation.

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