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Montevideo, April 28th 2024 - 05:33 UTC

International

  • Saturday, February 28th 2015 - 07:28 UTC

    Reshuffle in UK's Standard Chartered leadership; Bill Winters next CEO

    Former JPMorgan investment bank head Bill Winters will replace Sands at the group

    Britain's Standard Chartered announced on Thursday the exit of its top two bosses in a radical management reshuffle, as the Asia-focused bank battles to transform its fortunes.

  • Saturday, February 28th 2015 - 07:14 UTC

    China has become Latin America's leading banker: 22bn dollars in 2014

    Venezuela's Maduro travelled to China in early January and alleges to have secured 20bn for his country's ailing economy

    Loans by China's state-owned banks to Latin American countries rose by 71% to 22bn dollars in 2014, according to estimates published by the China-Latin America Finance Database. The figure is the second largest on record for Chinese lending in Latin America, according to the report.

  • Saturday, February 28th 2015 - 06:48 UTC

    Falklands historic link to Antarctica exploration unveiled in unique memorial

    Governor Roberts, MLA Cheek, and Roderick Rhys-Jones, chairman of the British Antarctic Monument Trust, at the unveiling ceremony

    The Falkland Islands historic link as the gateway for British Antarctic exploration was acknowledged this week with the dedication in Stanley's Dockyard Point of the southern component of a unique memorial to the 28 men and one woman of the British Antarctic Survey (BAS), and before that the Falkland Islands Dependencies Survey (FIDS) who have perished in the Antarctic since the establishment by the British Government of the first permanent research base there in 1944.

  • Friday, February 27th 2015 - 08:29 UTC

    Trelew in Patagonia and Caernarfon in Wales to be linked as 'sister-cities'

    Trelew was founded by Lewis Jones in the 1860s with the arrival of the first Welsh settlers

    Trelew in Argentine Patagonia and Caernarfon in Wales will be linked as 'sister-cities' during a ceremony scheduled for next Saturday, attended by Lord Dafydd Wigley and a Welsh delegation visiting the country in anticipation of this year's 150th anniversary of the first Cymru settlement in southern Argentina.

  • Friday, February 27th 2015 - 05:46 UTC

    Argentine Congress approves 'strategic integral alliance' agreements with China

    Cristina Fernandez with Xi Jinping during her recent visit to China when she signed the raft of agreements

    Despite the strong questioning from the opposition, the manufacturers' lobby and many unions, the Argentine ruling coalition mustered sufficient votes in the Lower House to pass the controversial package of cooperation, economic and investment agreements between Argentina and China.

  • Thursday, February 26th 2015 - 23:21 UTC

    Gibraltar's vital role for the US Navy's operations is underlined

    ”The US cannot dock nuclear powered submarines in Spain making access to Gibraltar’s Z berths vital,” according to the Heritage Foundation report

    Gibraltar plays a ‘vital’ role for the US Navy’s submarine operations at a time of increased Russian naval activity, a US think tank said. The Heritage Foundation made the statement in its Index of US Military Strength 2015, a wide-ranging annual research project that assesses the ability of the United States Armed Forces.

  • Thursday, February 26th 2015 - 17:30 UTC

    Is oil returning to 100 dollars or dropping to 10?

    Put simply, supply has increased faster than demand, so a rapid return to oil over $100/Barrel looks extremely unlikely

    If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets the prospect of oil at $10/Barrel, and on the other there is T. Boone Pickens, who, at the end of last year was predicting a return to $100 within 12-18 months.

  • Wednesday, February 25th 2015 - 16:41 UTC

    The easy oil is gone so where do we look now?

    The 'shale revolution' has seen U.S. shale oil production soaring from 600,000 barrels a day in 2008 to 3.5 million barrels a day in 2014

    In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5% a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.

  • Wednesday, February 25th 2015 - 05:01 UTC

    China prepared to help Argentina recover its air force with new fighter jets

    China's JF-17 fighter partnership in Pakistan has proven a moderately successful pilot for production programs.

    China has agreed to supply Argentina with new fighter jets that will replace its aging fleet of single-engine Dassault Mirage planes. Defense experts said two types of China-developed fighters are likely candidates: the Chengdu Aircraft Corporation-built FC-1/JF-17 and the J-10, according to a report from Chinatopix.

  • Wednesday, February 25th 2015 - 04:38 UTC

    German court rules against Argentina on bonds' interest payments

    Presiding Judge Hans-Ulrich Joeres said there were no collective action clauses allowing a restructuring by majority in the Deutsche Mark denominated bonds

    Argentina lost a ruling at Germany’s top civil court over interest payments on bonds it sold to investors in the European country that don’t have terms that allow for restructuring by a majority vote of creditors, according to a report from Bloomberg at Karlsruhe.