Tuesday, November 24th 2015 - 10:13 UTC

Washington promises to cooperate closely with elected president Macri

 Kerry said “we are sure the United States and Argentina will continue cooperating deeply to promote regional security and prosperity”

United States State Secretary John Kerry congratulated on Monday newly elected president of Argentina Mauricio Macri saying Washington will cooperate “closely” with the administration that will take office on December 10.

Monday, November 23rd 2015 - 10:42 UTC

Unfair to claim China sparked a 'currency war', argues India's central bank

It’s unfair to blame the Yuan devaluation, currencies were already declining due to “unconventional monetary policies” of some nations, said Raghuram Rajan

”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP.

Monday, November 23rd 2015 - 09:39 UTC

China's Yuan to be included in IMF's SDR basket of currencies

President Xi Jinping welcomed consensus that inclusion would increase the representation of the SDR and improve the international monetary system

The inclusion of the Chinese currency in the International Monetary Fund's special drawing rights (SDR) basket is long awaited, long overdue and, finally, all but a foregone conclusion.

Monday, November 23rd 2015 - 08:42 UTC

Brazil job losses accelerated during October; 1.4 million in twelve months

Companies cut staff across business sectors and regions. Manufacturing, construction and services firms laid off nearly 50,000 workers in each sector

Job losses in Brazil accelerated in October to the fastest pace so far this year as the country's political and economic crisis continues to worsen. Brazil's economy lost a net 169,131 payroll jobs in October, the Labor Ministry reported, up from 95,602 layoffs in September.

Monday, November 23rd 2015 - 08:31 UTC

Most of FIFA's 209 member associations secretive about their finances says TI

Transparency Int. researched FA websites to source details on financial accounts, governing statutes, conduct codes and annual activity reports.

A new report from Transparency International says most of FIFA’s 209 member associations publish little or no information about how they spend millions of dollars from world football’s governing body. Highlighting the potential for corruption, the study into the governance structures of the federations questions what the FAs do with the more than $1m they each received from FIFA in 2014.

Monday, November 23rd 2015 - 08:16 UTC

Worst effects of European recession risk becoming permanent

The official unemployment rate for the 28 countries in the EU was 9.3% in September, down from 9.4% the previous month.

The worst effects of the European recession risk becoming permanent in places, according to a left-leaning think tank. The IPPR's latest report pointed to the high level of unemployment and underemployment across Europe and said the chances of these becoming entrenched is “deeply alarming”. It said there was 10% unemployment and a 5% underemployment rate in Europe.

Monday, November 23rd 2015 - 07:58 UTC

Falklands' welcome message to Macri: “be smart, work with us, not against”

Falkland Islanders also participated in Sunday's elections in Argentina by sending congratulation messages to president-elect Mauricio Macri while celebrating the fact that president Cristina Fernandez time comes to an end.

Monday, November 23rd 2015 - 07:40 UTC

“Change is possible, thanks for believing”, president elect Macri´s first words

“All efforts and vitality must be invested in building Argentina. Argentina has no time for reprisals or setting of scores”, said Macri

“Change is possible, thanks so much for having believed”, were the first words of Argentine president-elect Mauricio Macri when he appeared on stage at his packed headquarters in Buenos Aires, Sunday evening. Visibly emotional and euphoric, Macri said “it is a historic day for Argentina, a change of times. A change that will guide us to the future”.

Monday, November 23rd 2015 - 07:16 UTC

Argentine president-elect Macri takes office on 10 December; Tuesday meeting with Cristina Fernandez

An enthusiastic Macri at the voting station before depositing the ballot for the awaiting media

Mauricio Macri is Argentina's next president following the results of Sunday's runoff, the first in Argentine history. He will take office on 10 December replacing president Cristina Fernandez and twelve years of uninterrupted Kirchnerism. Although definitive results are yet to be announced by electoral officials, the primary vote counting indicated that Macri was winning with a four percentage points over incumbent Daniel Scioli.

Saturday, November 21st 2015 - 08:48 UTC

Macri honors 'Pachamama' and Scioli bewares 'the savage capitalism demon' on closing election rallies

Macri chose Humahuaca, an impoverished town in the northern province of Jujuy, while Scioli attended two rallies in the Buenos Aires province

Argentine presidential opposition candidate Mauricio Macri closed his campaign ahead of Sunday 22 November runoff calling for change and unity while the incumbent hopeful Daniel Scioli said the option was between 'a development inclusive project' or the “savage capitalism demon”.


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