Tuesday, July 28th 2015 - 07:00 UTC

Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity

Monday's dramatic drop followed weak economic data on profit at Chinese industrial firms and a disappointing private factory sector survey on Friday.

Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.

Tuesday, July 28th 2015 - 06:45 UTC

PM Cameron: UK must not become a safe haven for corrupt money from around the world

Describing corruption as “the enemy of progress”, PM Cameron will call for a “global effort” to tackle it, the world has “looked the other way for too long”.

Foreigners must be stopped from buying UK homes with “plundered or laundered cash” and a “global effort” launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of “anonymous shell companies” to buy luxury UK properties - often in London.

Tuesday, July 28th 2015 - 06:27 UTC

Falkland Islanders under Argentina 'will elect their own members to Congress and enjoy oil benefits'

“Argentina will recover sovereignty over the Malvinas Islands some day, and in the meantime we will continue with dialogue and claims” said Castro

'Some day' Argentina will recover sovereignty over the Malvinas and in no way will the Falkland Islanders or their culture, traditions or language be discriminated, and furthermore they will be able to elect their members to congress, governor and fully enjoy the benefits of oil production.

Tuesday, July 28th 2015 - 06:01 UTC

Cristina Fernandez blasts media over Welsh celebrations in Patagonia

The head of state assured that she missed Monday's ceremony in Chubut on doctors' recommendations due to a bout of laryngitis.

Suffering from a severe case of laryngitis which forced her to a 48 hours rest, Argentine president Cristina Fernandez nevertheless had time for a fight with the Buenos Aires media and welcome Wales First Minister Carwyn Jones who is in Argentina for the Welsh settlers in Patagonia celebrations.

Tuesday, July 28th 2015 - 05:38 UTC

Carwyn Jones grateful to Chubut for helping preserve Welsh language and culture

Buzzi presented First Minister Jones with a painting from a local Gaiman artist which depicts the chapel of Bryn Crwn

Welsh First Minister Carwyn Jones said it was an honor and a privilege to be in Chubut for the celebration of the 150th anniversary of the first Welsh settlers arrival in Patagonia, and thanked provincial governor Martin Buzzi for organizing the event and helping to preserve Welsh traditions, culture and language.

Tuesday, July 28th 2015 - 05:31 UTC

“A diplomatic success” the presence of Wales First Minister Carwyn Jones

“The presence of First minister Jones is a significant success for Chubut, and a day of great celebration for our nation and our people” underlined Castro

As a day of great celebration, Argentine ambassador in the UK, Alicia Castro described the festivities for the 150th anniversary of Welsh settlers arrival to Patagonia, taking place in Chubut with the attendance of Wales First Minister Carwyn Jones, Argentine cabinet ministers and members of the Welsh-Argentine community.

Tuesday, July 28th 2015 - 05:07 UTC

'The Welsh are fully integrated to Argentina and have preserved their culture'

Anibal Fernandez and Carlos Zannini came in representation of President Cristina Fernandez who is suffering from laryngitis

Argentina's Cabinet Chief Anibal Fernandez and the Presidential Legal and Technical secretary Carlos Zannini led on Monday celebrations in Chubut to mark the 150th anniversary of the Welsh community that settled in the Patagonian province. The event took place in Puerto Madryn overlooking the Golfo Nuevo.

Monday, July 27th 2015 - 06:45 UTC

Banks forecasting two years of economic contraction for Brazil

Last Friday, Credit Suisse put out a note revising his forecast for Brazilian GDP this year to -2.4% from an already bleak -1.8%.

Banks in Brazil are now forecasting economic contraction in 2016 and if this proves correct it will be first time Latin America's largest economy shrinks two years running since the Great Depression.

Monday, July 27th 2015 - 06:30 UTC

Argentina's incumbent ticket leads comfortably ahead of August primaries

Buenos Aires governor Scioli and his running mate have 38% of vote intentions. Macri and Gabriel Michetti, of the Cambiemos coalition, 26.6%.

Argentina's Victory Front presidential ticket of Daniel Scioli and Carlos Zannini is set to win the coming August PASO primary elections by almost 12 points over nearest challenger Mauricio Macri, a new poll published two weeks before the vote has predicted.

Monday, July 27th 2015 - 06:18 UTC

Peru's Humala begins his last year in office with defeat in congress and 80% disapproval

Luis Iberico of the small Alliance for Progress party won with backing from lawmakers loyal to opposition presidential aspirant Keiko Fujimori

Peruvian lawmakers elected an opposition legislator as head of Congress in a new but hardly unsurprising defeat for the ruling party and increasingly unpopular President Ollanta Humala who this week begins the last year in office. GfK polls indicate the president has a disapproval rating of 80%.


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