Stories for September 20th 2013

Friday, September 20th 2013 - 20:58 UTC
JP Morgan-Chase pays hefty fine in the US and UK; former staff face criminal charges

US bank JP Morgan Chase has agreed to pay four regulators 920 million dollars relating to a 6.2bn loss incurred as a result of the “London Whale” trades. The settlement is the third biggest banking fine by US regulators, and the second largest by UK regulators. As part of the deal JP Morgan admitted violating US federal securities laws.
Friday, September 20th 2013 - 20:50 UTC
Argentine consumers’ inflation expectations for next twelve months above 30%

Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.
Friday, September 20th 2013 - 20:48 UTC
UEFA agree in principle to move date of 2022 World Cup in Qatar

The 54 member federations of European governing body UEFA are unanimously in favor “in principle” of moving the 2022 World Cup in Qatar to a different time of the year, UEFA president Michel Platini confirmed on Friday.
Friday, September 20th 2013 - 20:35 UTC
Gibraltar granted by UEFA a place in the Champions and Europa Leagues

There could be two Manchester Uniteds in European club competition next season after UEFA on Friday granted Gibraltar one place each in the Champions League and Europa League qualifying rounds.
Friday, September 20th 2013 - 20:29 UTC
“Bellwether” Fed member says massive bond buying program could be tapered in October

The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said on Friday. “October is a live meeting” he told Bloomberg television.
Friday, September 20th 2013 - 20:17 UTC
Toyota plan to invest 800m dollars in Argentina and increase production by 50%

Japanese car maker Toyota Motor Corp. plans to invest 800 million dollars to boost production capacity at a factory in the province of Buenos Aires. The plan unveiled by Argentine Industry Minister Debora Giorgi will almost double the size of the factory and allows to increase vehicle output to 140,000 units a year from 92,000 currently.
Friday, September 20th 2013 - 20:07 UTC
A ‘message in a bottle’ dropped in South Georgia reaches NZ three years later

A ‘message in a bottle’ dropped just off the north-western end of South Georgia three years ago has washed up on Stewart Island, off the south end of New Zealand - more than half a world away, reports the July edition of the South Georgia Newsletter.
Friday, September 20th 2013 - 19:57 UTC
Falklands’ ‘friendly VC10’ retires from RAF service after 47 years

After 47 years of service for the Royal Air Force, the VC10 took to the skies on Friday 20 September 2013 for its final Air-to-Air refuelling operational sortie. The aircraft will retire on 25 September 2013.
Friday, September 20th 2013 - 19:47 UTC
“Ad hoc talks do not mean four sides” Gibraltar and UK reply to Spain statements

Ad hoc’ talks do not mean four sides: that was the swift and firm declaration from the Government of Gibraltar in response to statements made to the Gibraltar Chronicle by Gonzalo de Benito, Spain’s Minister of State for Foreign Affairs.
Friday, September 20th 2013 - 19:43 UTC
Germany’s anti-Euro party could force a ‘grand-coalition’ after Sunday’s election

German voters will go to the polls this Sunday in a national election whose outcome could change the future of Germany and the Euro zone. According to the latest polls, Merkel's conservative lead has narrowed ahead of the vote on Sunday. Merkel and her conservative CDU/CSU coalition would receive 38% of the vote, an INSA poll showed on Thursday.