Stories for July 2013

Monday, July 22nd 2013 - 06:41 UTC
US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal

The US Supreme Court gave hedge funds another month to present their reply following on the request from the Argentine government to review the sentence handed down by Judge Thomas Griesa and partially supported by the Appeals Court.
Monday, July 22nd 2013 - 06:32 UTC
OAS chief Inzulza in Uruguay to present report on drug problem in the Americas

The Organization of American States Secretary General José Miguel Insulza begins Monday a two day visit to Uruguay for the formal presentation of the “Report on the Drug Problem in the Americas” which has the support of several Latinamerican countries and former leaders of the region who have proposed a completely new approach to the drugs challenge.
Monday, July 22nd 2013 - 06:29 UTC
Mercosur chair not interested in restoring normal relations with US

Venezuela says it's ending talks with the United States to restore normal relations because Washington's UN ambassador-designate criticized its human rights record. Venezuela currently holds the chair of Mercosur.
Monday, July 22nd 2013 - 06:24 UTC
Uruguay is “extremely expensive: construction costs are double those of Argentina”

Uruguay is not expensive, ‘it has become extremely expensive” with construction costs that are double those of Argentina, claimed Eduardo Constantini, an Argentine business man with strong investments in Uruguay, the latest of which building 500 summer houses along the eastern coast.
Monday, July 22nd 2013 - 06:21 UTC
Colombia orders strong offensive after guerrillas ambush and kill 19 soldiers

Colombia’s president has ordered the military to mount a strong offensive against the country’s biggest rebel movement, FARC, after guerrillas killed 19 soldiers this weekend in two regions. President Juan Manuel Santos said Sunday the army will go after the rebels even though the government has been in peace talks with the Revolutionary Armed Forces of Colombia since last year.
Monday, July 22nd 2013 - 06:17 UTC
G20 ministers and bankers pledged to put growth before austerity

The Group of 20 nations pledged to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.
Monday, July 22nd 2013 - 06:14 UTC
G20 agrees to fight against international tax evasion by multinational companies

The G20 group of countries has officially supported plans to fight against international tax evasion by multinational companies. In a statement, the G20 countries agreed to exchange tax information and support the Organization for Economic Cooperation and Development (OECD) in its plans to prevent multinational companies from avoiding tax by moving their profits across borders.
Monday, July 22nd 2013 - 06:13 UTC
Chinese banks allowed setting lending rates in hopes of lowering costs

Chinese authorities have given the banking industry greater freedom by allowing banks to set their own lending rates. Previously they were not allowed to lend at rates below a certain level set by the People's Bank of China (PBOC).
Monday, July 22nd 2013 - 06:09 UTC
First convictions from the Costa Concordia shipwreck that killed 32 people

A court in Italy has convicted five people of manslaughter over the Costa Concordia shipwreck off Giglio Island which killed 32 people in January 2012. Two officers, the helmsman, the head of cabin service and the head of the crisis team were given up to two years and 10 months in jail for multiple manslaughter, negligence and shipwreck.
Monday, July 22nd 2013 - 06:04 UTC
New Zealand fishing company gets burnt fingers in Argentina with hoki

The New Zealand Maori co-owned deep-sea fishing company Sealord is walking away from its disastrous hoki venture in Argentina with an estimated 60 million dollars loss, reports the NZ media.