Economy

Economy
Tuesday, November 18th 2014 - 08:04 UTC

G20 agrees on growth, climate change and taxes, but Putin leaves pressed on Ukraine

Putin left the G20 summit in Brisbane early as Obama accused Russia of invading Ukraine and Britain warned of a possible “frozen conflict” in Europe. (Pic Reuters)

Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 18th 2014 - 07:32 UTC

Land Rover plus Holland & Holland design one of the most luxurious SUVs for hunters

Billed as the most expensive Range Rover ever, the car maker only expects to produce 120 of these vehicles during a limited run over the next three years.

What is the most you have ever paid for a hunting-related feature on your car? In partnership with British gun maker Holland & Holland, Land Rover has designed what they call one of the most luxurious SUVs for hunters and recreational shooters on the market.

Tuesday, November 18th 2014 - 07:00 UTC

Argentina imposes even tougher controls on foreign trade and currencies

Capitanich, under whose authority the new unit will operate, said that it seeks to “prevent tax evasion maneuvers”

The Argentine government has strengthened its control over the expenditure and income of currency in foreign trade through the creation of the Tracking and Tracing of Foreign Trade Transactions Unit, responsible for monitoring “prices and quantities of exported and imported goods and services, as well as foreign currency income/expenditures.”

Tuesday, November 18th 2014 - 06:52 UTC

David Cameron: Red lights are flashing on the global economy (*)

“The Euro zone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too”.

The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan. Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy

Tuesday, November 18th 2014 - 06:39 UTC

European Union blasts main trading partners over protectionism

”I regret to see that many countries still consider protectionism a valid policy tool. said Cecilia Malmström, the EU Trade Commissioner.

The tendency to impose trade-restricting measures remains strong among the European Union's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published Monday 17 November.

Tuesday, November 18th 2014 - 06:26 UTC

China and Australia seal major free trade agreement after a decade of talks

PM Tony Abbott described the deal as the first China signs “with a substantial economy, and the most comprehensive agreement that China has concluded”.

China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra. The deal, the result of a decade of talks, will open up markets worth billions of dollars, Canberra says.

Tuesday, November 18th 2014 - 06:12 UTC

China and Brazil confirm closer trade and investment ties

Rousseff said Brazil hopes to enhance cooperation with China in such areas as oil and gas, new energy, satellite and information technology

Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.

Monday, November 17th 2014 - 06:50 UTC

IEA says oil supplies may not keep up with demand

Global oil demand is expected to increase by 37% by 2040, with a dominant proportion of that coming from developing countries – i.e. China and India

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

Monday, November 17th 2014 - 06:34 UTC

Top Gibraltar delegation after trade and political contacts in US

“Gibraltar has an opportunity to tap into that single market” which is being discussed between the EU and the US, said Fabian Picardo

Gibraltar Chief Minister Fabian Picardo and Deputy Chief Minister Dr Joseph Garcia are in Washington DC for a series of commercial and political meetings, which took off at the US Chamber of Commerce building in order to support the formal accreditation of AmCham Gibraltar.

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