Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion
A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.
President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as pseudo cuts and predicted they would not easily pass.
The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. U.S. oil production has shown signs of slowing, OPEC said in the report. This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.
History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.
Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.
Brazil announces measures to balance budget; it includes controversial tax on financial transactions
Brazil's government announced on Monday spending cuts and tax increases totaling 65 billion Reais ($16.9 billion) as it races to close a budget deficit that led to a downgrade of the country's credit rating last week.
The consumer price index in Tierra del Fuego, extreme south of Argentina climbed 2.3% in August, totaling 17.4% in the first eight months and 28.4% in the last twelve months, according to the province's stats and census office.
A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.
Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.
According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.