Current Edition

Current Edition
Monday, September 1st 2014 - 10:30 UTC

Dragui's announcement on fiscal stimulus cause German concern

Apparently Chancellor Merkel was surprised by ECB's statement in Wyoming

A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.

Sunday, August 31st 2014 - 10:36 UTC

Falkland Islands: “looking good for cruise ship season”

Sammy Marsh: “looking good for the coming cruise ship season”

THE 2014/15 cruise ship season is looking good for the Falklands, with approximately 52,000 passengers due to land with 86 calls to Stanley and a further 113 calls to various Camp landings as well.

Saturday, August 30th 2014 - 11:49 UTC

Marina pledges to restore Brazil credibility and limit spending below growth rate

“We will be transparent. We will not use creative methods to make the accounts look good,” she said in reference to the Rousseff administration

Opposition presidential candidate Marina Silva said that Brazil's recession is very worrying and her government would work to restore the credibility of the country's economic policies to recover investment and growth if elected. The Brazilian economy fell into recession in the first half of the year, a heavy blow for President Dilma Rousseff's already diminishing hopes of winning re-election in October.

Saturday, August 30th 2014 - 11:06 UTC

Capital Markets accept review of sovereign default and making terms extensive to all bondholders

The new clauses are “a bit like planting an oak tree. You are looking at a 10-year horizon when this will take hold” said Leland Goss, ICMA general counsel.

The International Capital Market Association (ICMA) published on Friday the revised framework that allows a majority of investors holding sovereign bonds that default to make changes to the terms, such as extending maturities or reducing the principal.

Saturday, August 30th 2014 - 11:03 UTC

Britain raises terrorism level to 'severe' in response to possible attacks

“That means that a terrorist attack is highly likely, but there is no intelligence to suggest that an attack is imminent,” May said in a statement.

Britain raised its terrorism threat level on Friday to “severe”, the second highest level, in response to possible attacks being planned in Syria and Iraq, Home Secretary (interior minister) Theresa May said.

Saturday, August 30th 2014 - 10:53 UTC

Brazil in recession; Minister Mantega blames external factors and World Cup

The worst possible news for Dilma and her re-election chances in October

Brazil has fallen into recession, further weakening President Dilma Rousseff, just weeks before voting in what will be a tough re-election battle. Brazil's national statistics institute said Friday GDP shrank 0.6% in the second quarter and revised an initially positive first quarter growth estimate down to -0.2 percent.

Saturday, August 30th 2014 - 08:24 UTC

Marina's advisors: economists graduated in Cambridge and MIT and the heir to Brazil's largest bank

Giannetti da Fonseca, Cambridge PhD, and professor from 1984 to

Two economists with graduate studies in Cambridge and Massachusetts Institute of Technology, a lawyer considered one of the most influential members of Congress and with a PhD from Oxford, plus the heir of a banking empire, the largest in Brazil, and philanthropist, are identified as the closest aides and advisors of Marina Silva, with increasing chances of becoming Brazil's next president in October.

Saturday, August 30th 2014 - 08:01 UTC

Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

Following a request from Elliott NML Capital, US District Judge Griesa scheduled a hearing for Sept. 10 at 2:30 p.m. EDT

The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.

Saturday, August 30th 2014 - 07:54 UTC

Chile's oil corporation plans to pad drill 55 wells for gas in Tierra del Fuego

ENAP current production of gas in 450.000 cubic meters per day

Chile's petroleum corporation, ENAP, is planning to drill 55 non conventional new wells in Tierra del Fuego beginning September until the end of 2015, with the purpose of increasing the current production from 450.000 cubic meters per day to a million cubic meters of 'tight' gas.

Saturday, August 30th 2014 - 07:27 UTC

UK embassy in Chile hosted launching of the Oxford University Alumni Society

Ambassador Fiona Clouder, Chairman of Oxford Alumni Chile Isabel Palma Kucera and Professor Leigh Payne

The British Ambassador to Chile, Fiona Clouder, hosted a reception for the launch of the Oxford University Alumni Society. The event held at the British residence in Santiago was attended by current and former Oxford students, professors as well as other professionals interested in supporting the Society.

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