International

International
Thursday, August 27th 2015 - 04:21 UTC

Chinese shares timidly return to positive territory: Shanghai Composite up 2.3%

The mood was lifted by remarks by US Federal Reserve official William Dudley, who said the case for a rate rise, now seemed “less compelling”.

Chinese shares have returned to positive territory after massive losses earlier in the week rocket markets around the globe. The Shanghai Composite was up by 2.3% at 2,991.91 points. The turnaround, though, does little to make up double digit percentage losses made so far this week.

Wednesday, August 26th 2015 - 16:38 UTC

Chevening scholarships for 31 professionals from Uruguay

Ambassador Ben Lyster-Binns during the announcement ceremony at the British embassy

A record of 31 professionals from Uruguay have been awarded with Chevening scholarships to study courses in different disciplines in the United Kingdom. Chevening are UK government’s global scholarship program, funded by the Foreign and Commonwealth Office and partner organizations, such as Uruguay's research and innovation office, ANII.

Wednesday, August 26th 2015 - 07:10 UTC

Chinese stocks refuse to bounce back; Shanghai Composite dropped 16% this week

The dramatic losses and volatility in China has shattered investor confidence and led to sharp falls in Asia and the US over the past days

Chinese shares continued to lose ground despite the central bank's latest effort to reassure traders. The mainland's benchmark Shanghai Composite was down 1.1% to 2,930.23 points after a volatile open earlier. The index had already fallen about 16% this week, sending shockwaves through global markets.

Wednesday, August 26th 2015 - 07:02 UTC

“Using cheap money to tackle economic problems rather than reform must stop”

Rajan who accurately predicted the global financial crisis warned that more intervention by central banks now risked doing “more harm than good”

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.

Wednesday, August 26th 2015 - 06:36 UTC

World Dog Day celebrated with and online interactive info-graphic

From working dogs on Australian farms to beloved pets in many of our homes, dogs are valued members of the community

Around the world humankind benefits from its relationship with dogs; a truth which is at the core of World Dog Day, celebrated annually on the 26th August. In recognition and celebration of the age-old union between Man and Dog, HealthforAnimals has created an online interactive info-graphic, detailing the many valuable roles dogs perform in societies all around the world.

Wednesday, August 26th 2015 - 06:08 UTC

China gives banks more leeway and pumps liquidity to the system

The People's Bank of China (PBOC) said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.6%.

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

Wednesday, August 26th 2015 - 06:00 UTC

Shell given a foothold at Argentina's vast shale resources in Neuquén

Areas leased to Shell are Sierras Blancas and Cruz de Lorena blocs, 325sq. kilometers overall. The company said it will invest US$250 million in the areas

Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.

Wednesday, August 26th 2015 - 05:47 UTC

Blatter says he is 'clean' and denies systematic bribery in FIFA

“FIFA is not corrupt. There’s not general organized corruption” said Blatter, ”there's no corruption in football, there's corruption with individuals”

With FIFA reeling from the most damaging corruption crisis in its 111-year history, (14 FIFA officials and marketing executives were indicted by US justice authorities in May over a $150 million bribery scandal), Sepp Blatter denied that FIFA was corrupt to the core.

Tuesday, August 25th 2015 - 20:31 UTC

Falklands' air defenses bolstered with Saab-built Giraffe AMB radars

The MoD confirmed in the first quarter of the year it was upgrading Falkland's air defenses including mandating the use of the Giraffe in the update.

Britain has ordered additional Saab-built Giraffe AMB radars to bolster ground-based air defenses on the Falkland Islands against a possible future threat from Argentina, reports Defense News. The Swedish company announced on 24 August that it had received an order valued at 610 Swedish krona million ($74 million dollars) from the UK Ministry of Defense for the supply of new radars and the upgrade of existing systems.

Tuesday, August 25th 2015 - 13:32 UTC

Shanghai Composite down on Tuesday, but European markets rebounding

The main Shanghai Composite index closed down 7.6% at 2,964.97 points. Japan also saw more sharp falls and Tokyo's Nikkei index was 4% lower.

Shares in London and elsewhere in Europe rebounded at the start of trading on Tuesday, despite another night of steep falls for the Chinese stock market. The FTSE 100 rose 1.6% to 5,994.11, while Germany's Dax and Paris Cac were both up about 1.4%. The gains came after Chinese stocks continued their run of big losses.

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