International

International
Saturday, September 17th 2016 - 23:17 UTC

US Justice Department demands US$14bn from Deutsche Bank for 2008 mortgages scam

The claim against Deutsche, which is likely to be negotiated for several months, far outstrips investor expectations.

The US Department of Justice is asking Deutsche Bank to pay US$14bn to settle an investigation into mortgage-backed securities, the bank has said. However Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.”

Friday, September 16th 2016 - 09:52 UTC

Gibraltar meets in London with Brexit minister David Davis

 Chief Minister Fabian Picardo with UK's Secretary of State for Exiting the European Union, David Davis and Robin Walker from the Brexit department

Britain’s Secretary of State for Exiting the European Union, David Davis, was briefed by Chief Minister Fabian Picardo this week on Gibraltar’s key concerns ahead of Brexit. Mr Davis, accompanied by Robin Walker, the Minister of State at the department for Brexit, met with Picardo and Deputy Chief Minister Dr Joseph Garcia in London late Monday evening.

Friday, September 16th 2016 - 08:25 UTC

Argentina (and Brazil) optimistic about a Mercosur/EU trade accord by the end of 2017

“It's an opportunity for Mercosur since none of the founding members is going to allow political problems to interfere with trade policy” said minister Braun

The current critical situation of Mercosur is an opportunity to strengthen and advance trade negotiations, which could include the long delayed accord with the European Union by the end of 2017, according to Argentina's Secretary of Commerce, Miguel Braun.

Friday, September 16th 2016 - 08:04 UTC

Argentina/UK joint statement is “not an agreement”, but a raft of principles and intentions

Each issue in the statement will merit meetings, discussions and negotiations previous to advances, underlined Argentine deputy minister Foradori

The Argentine/UK political convergence to promote bilateral dialogue and advance in areas of common interest for both parts “is not a closed agreement but a Joint Statement which describes principles and relates intentions”, pointed out Argentine deputy minister Carlos Foradori in an interview with Buenos Aires daily Clarin.

Friday, September 16th 2016 - 07:50 UTC

Bilateral ties between Argentina and Britain are entering a new chapter

“We are the same country that we have always been, outward facing, with a global mentality and grand aspirations”

By Mark Kent (*) - The following piece was written in support of The Buenos Aires Herald 140th anniversary, 15 September 1876/2016.

Friday, September 16th 2016 - 07:40 UTC

Argentine embassy joins Open House London 2016 with “Playhouse” this weekend

Open House is an annual event that promotes public awareness and appreciation of the city’s architecture

The Argentine Ambassador´s Residence will be open to the public for Open House London 2016, which will take place on 17th and 18th September from noon until 5pm. This year the Embassy of Argentina will present the exhibition “PLAYHOUSE, by Argentine and British artists in the UK”.

Friday, September 16th 2016 - 07:21 UTC

UK Overseas Territories Marine Protection Areas to double in four years

“Protecting four million sq kms of ocean is a fantastic achievement, converting our historic legacy into modern environmental success” said Sir Alan Duncan.

Speaking ahead of “Our Ocean” conference in Washington DC, Foreign Office Minister Sir Alan Duncan announced plans to double the area of ocean under marine protection around the UK Overseas Territories to around four million square kilometers, greater than the landmass of India.

Friday, September 16th 2016 - 07:06 UTC

Bank of England rates remain at record low, but could be further cut

BoE also voted 9-0 to keep the bond-buying program target at 435 billion pounds and to continue with its new plan to buy up to 10 billion pounds of corporate bonds.

The Bank of England said on Thursday it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain's economy would be less severe than it expected only last month. The Bank said its nine rate-setters were unanimous in their decision to keep Bank Rate at its new record low of 0.25%, the lowest in the BoE's 322-year history.

Thursday, September 15th 2016 - 10:30 UTC

Bayer and Monsanto confirm merger in a $66bnm mega-deal; activists ready to protest

Bayer said it will spearhead the mega all-cash buyout in history in hopes of taking over Monsanto, world’s largest supplier of genetically modified seeds.

Seed and chemical giants Bayer and Monsanto said on Wednesday that they will merge to become one of the world’s biggest agriculture giants, a 66 billion-dollar mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.

Thursday, September 15th 2016 - 10:18 UTC

Siemens pledges to invest US$ 5.6bn in energy and infrastructure in Argentina

“I'm a happy man because we can help rebuild the country,” Kaeser said, adding that if others don't act fast they may lose out on big opportunities in Argentina

German industrial conglomerate Siemens AG signed a letter of intent on Wednesday to participate in up to US$5.6 billion of energy, transportation and infrastructure projects in Argentina, Chief Executive Joe Kaeser said.

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