The world’s biggest banks may have to raise about 566 billion dollars of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, according to analysts at Fitch Ratings.
The Olympic flame landed in the UK ready for the London 2012 torch relay after being flown from Athens, Greece. David Beckham used it to light a cauldron after the plane, also carrying Princess Anne and London Games organizers chair Lord Coe, arrived at a Cornish air base.
The City of Buenos Aires will allow foreigners that arrive in Argentina to get married –with either opposite sex or same sex partners- within five days of a request to the Civil Registry and only needing a temporary real address.
The European Ambassador to Argentina, Spanish native Alfonso Díez Torres, stressed on Friday that the solution for the YPF seizure conflict would be “a negotiated agreement” between Argentina and Repsol.
Spain’s Repsol has cancelled its contract to supply Argentina with liquefied natural gas (LNG), just weeks after the country seized control of the company's majority stake in YPF, a document obtained by international news agency Reuters showed.
President Cristina Fernández highlighted the importance of keeping the South Atlantic region as ”an area of peace, free of militarization,” during her speech before the National Assembly of Angola on Friday.
Literature Nobel Prize Mario Vargas Llosa blamed Peronism for the self-destruction which is leading Argentina to underdevelopment, poverty and populism, and compared the dominating political movement trajectory to that which took Adolf Hitler to power.
President Cristina Fernández highlighted the “magnificent opportunity” Argentina and Angola had in coming together on future business transactions, particularly in the face of the global financial crisis, while addressing a meeting with businessmen in Angloa where she is on a three day official visit.
European Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.
The US mega-bank JPMorgan Chase & Co loss from derivatives trading may widen to 5 billion dollars, the Wall Street Journal reported on Friday. CEO Jamie Dimon personally approved the strategy that led to the trades, without monitoring how they were executed, the newspaper said.