Current Edition

Current Edition
Tuesday, September 16th 2014 - 05:50 UTC

HSBC reached 550m agreement with US banking regulators

“We are pleased to have resolved this matter,” Stuart Alderoty, the general counsel for HSBC North America, said in a statement.

HSBC Holdings will pay 550 million dollars to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis.

Tuesday, September 16th 2014 - 05:43 UTC

Giant observation tower in the Amazon to monitor climate change

The 325 meters high tower is being constructed out of steel that was brought thousands of kilometers from the south of Brazil to the site

Construction has begun on a giant observation tower in the heart of the Amazon basin to monitor climate change. The Amazon Tall Tower Observatory is expected to rise 325m from the ground.

Tuesday, September 16th 2014 - 05:36 UTC

Argentine seafood exports up 3.9% in value and 3% in volume in first half of 2014

Shrimp and squid exports from Argentina to the Far East have grown consistently

In the first half of this year, Argentina seafood exports totaled 778.8 million dollars with a slight increase of 30 million dollars, and 3.9% over the same period of 2013 (749.6 million), reported the Directorate of Fisheries Economics from the Fisheries and Aquaculture Under Secretariat.

Tuesday, September 16th 2014 - 05:28 UTC

Mercosur/Pacific Alliance foreign ministers plan to meet in Chile in November

“Mercosur must look outwards and stop looking at its belly button”, said Loizaga on announcing the meeting.

Foreign affairs ministers from Mercosur and the Pacific Alliance will be meeting next 24 November in Santiago de Chile to explore a possible integration between the two blocks according to Paraguay's foreign minister Eladio Loizaga.

Tuesday, September 16th 2014 - 05:25 UTC

Uruguay's economy expands 3.7% during the second quarter over a year ago

The performance of power, gas and drinking water had a sound effect for the economy

Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.

Tuesday, September 16th 2014 - 05:20 UTC

Santander new chairwoman confirms full control of the Brazil branch

Ana Botin, told shareholders at an extraordinary meeting she would defend the legacy of her father Emilio Botín at the helm of the Euro zone's biggest bank.

Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own.

Tuesday, September 16th 2014 - 05:10 UTC

Blatter has a challenger for next year's FIFA president election: Champagne

“I am happy that the debate about the future of FIFA and football has finally begun with the prospect of various candidates”, said Champagne

Former FIFA official Jerome Champagne has formally announced that he will stand against incumbent Sepp Blatter in next year's election for president of the world soccer body.

Tuesday, September 16th 2014 - 05:04 UTC

White House says it prefers the UK to remain “strong, robust and united”

A variety of experts say Washington would rather avoid the disruption to NATO defenses that forming a separate Scottish military would bring.

The White House weighed in carefully on the Scottish independence referendum, saying Washington would respect the outcome of the vote but would prefer the United Kingdom to remain “strong, robust and united.”

Tuesday, September 16th 2014 - 03:03 UTC

Leading Scottish business group calls for unity the day after the referendum

“On Friday, we must all come together to drive Scotland forward, either as an independent nation or as part of the United Kingdom”, said CEO Liz Cameron

A leading Scottish business group has called for the country to unite “to drive Scotland forward”, whatever the result of the independence referendum. The Scottish Chambers of Commerce said the outcome would leave “a substantial number” of people disappointed.

Tuesday, September 16th 2014 - 02:54 UTC

Gibraltar on National Day celebration calls on QE II to again visit the Rock

CM Picardo said: “60 years ago we were last visited by Her Majesty the Queen on her first tour of her kingdom.”

Sixty years after her last visit the Chief Minister has called on Queen Elizabeth II to visit Gibraltar. He did so in a dramatic call during his National day speech. Fabian Picardo was flanked on stage by Gibraltar Government Ministers, Opposition MPs and a contingent of visiting British MPs and MEPs.

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