International

International
Tuesday, September 16th 2014 - 05:57 UTC

VisitBritain: UK to refund cost of visa for Chinese tourists in organized groups

“The more Chinese tourists the merrier,” chancellor Osborne said.

British Chancellor George Osborne has announced plans to refund the cost of up to 25,000 visas for Chinese tourists in an attempt to attract more visits to the UK. It was one of a series of measures announced at an economic summit in London, attended by Chinese vice premier Ma Kai.

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 - 05:20 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.

Tuesday, September 16th 2014 - 02:42 UTC

US insists with Argentina it does not support the UN sovereign debt debate

“It would be much better to work with existing market mechanisms to issue sovereign debt rather than creating a UN convention” said Kevin Sullivan

As Argentine President Cristina Fernandez readies for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.

Monday, September 15th 2014 - 06:23 UTC

Argentina confirms payment to bondholders at the end of September

Kicillof said the coupon will be paid based on a bill approved last week which allows for location transfer

Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday.

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