International
InternationalFive ways to play the oil price plunge
The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on.The most obvious victim of the slide in Brent and WTI prices over the last 6 months has been the major oil producers. Holders of these equities have seen price slides up to 33%.
Mexico's Slim poised to become New York Times Co. largest shareholder
Mexican billionaire Carlos Slim is poised to become the largest shareholder in the New York Times Co. after already almost doubling his money from an investment that helped the newspaper get through the financial crisis.
Argentine government bluntly rejects 'Iran cover up' accusation as 'nonsense'
Argentina's Presidency Secretary General Anibal Fernandez bluntly rejected the accusations by the prosecutor in the AMIA bombing probe against president Cristina Fernández, foreign minister Hector Timerman and other Kirchnerite officials for allegedly “covering up” Iranian citizens in the investigation.
Argentine president accused of 'covering up' Iran's role in Buenos Aires deadly attack
An Argentine federal special prosecutor on Wednesday accused President Cristina Fernandez of seeking to cover up the involvement of Iran in a 1994 terrorist attack on a Jewish cultural center in Buenos Aires that claimed 85 lives and 300 injured.
Premier drastically cuts spending; Falklands projects included in 2015 agenda
UK hydrocarbons producer Premier Oil with strong interests in the Falklands expects to book a 300 million dollars impairment charge due to the plunge in oil prices and plans to cut jobs and investment by 40% compared to 2014, to rein in costs, it said on Wednesday.
Chinese jet fighters, an option to re-equip the Argentine Air Force
China has emerged as a possible supplier of jet fighters to help modernize the Argentine Air Force, depleted since the 1982 Falklands' war, according to reports from Defense News. In effect the FC-1/JF-17’s, 'Thunder' operational with the Pakistani air force and proven in combat could be a suitable, accessible option for the Argentines after the Spanish, French, Israeli offers seem to have fallen through.
World Bank cuts 2015 global growth forecast; however lower oil prices will delay rate hikes
The World Bank on Tuesday cut its global growth forecast for 2015 and lowered the estimate for 2014, as several headwinds mitigate the effects of an improving U. S. economy and plunging oil prices.
OPEC member stands by group's decision not to cut output to tackle glut
Brent and US WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.
Paris killings deepen Islam controversy in Germany with rallies in several cities
Thousands of Germans turned out for an anti-Islam rally on Monday in Dresden, where some protesters wore black ribbons to show their solidarity with the 17 victims of last week’s terror attacks in Paris.
New Zealand navy detects three toothfish poachers red-handed in the Ross Sea
The New Zealand navy has discovered a third boat fishing illegally. The Foreign Ministry informed that the HMNZS Wellington caught another vessel, “Yongding”, to the west of the Ross Sea, in Antarctic waters.
