Stories for 2013

Saturday, May 11th 2013 - 05:50 UTC
Argentina’s whitewashing bill could attract “around 5 billion dollars”

The head of Argentina’s Lower House Budget and Finance Committee and former Finance minister Roberto Feletti said that the whitewashing bill should allow the entrance of “around 5 billion dollars” into Argentina’s market. For the MP, the government is “fighting a historic battle to block” what he called a “market coup.”
Saturday, May 11th 2013 - 05:49 UTC
Argentina’s ‘blue dollar’ yields on expectations but still above 10 Pesos

The so called ‘blue dollar’ traded in Argentina’s parallel market ended on Friday just above 10 Pesos after having reached record highs earlier in the week (10.55 Pesos) and following the Thursday announcement of a tax amnesty bill and other ‘whitewashing’ financial instruments.
Saturday, May 11th 2013 - 05:47 UTC
Argentine government insists a ‘blue dollar’ at 6.50 Pesos is the target

Argentina’s Secretary of Domestic Commerce Guillermo Moreno wants to bring the foreign exchange black market ‘back in line’ using new dollar securities the government plans to issue locally as part of a major tax amnesty plan, according to Alfredo Piano, Chairman of Banco Piano SA.
Saturday, May 11th 2013 - 05:43 UTC
Spain received Queen’s message on Gibraltar and Falklands with “surprise and considerable discomfort”

Jose Ignacio Landaluce, the ruling Spanish Popular Party MP and Mayor of Algeciras, said that the Queen’s message of support for Gibraltar (and Falklands) was greeted with “surprise and considerable discomfort” in Spain. His was the only reaction from any Spanish official to a statement that was warmly welcomed in Gibraltar.
Saturday, May 11th 2013 - 05:40 UTC
Brazil raises 800million dollars in bond sales: 750m in US and EU; 50m in Asia

Brazil succeeded in selling 50 million US dollars worth of dollar-denominated government bonds in Asian markets on Friday, the Treasury Department announced.
Saturday, May 11th 2013 - 05:39 UTC
FIFA concerned over the construction of World Cup stadiums in Brazil

FIFA has revealed its concern over the construction of six World Cup stadiums ahead of next year's finals in Brazil. A second test event at Rio's redeveloped Maracana stadium was recently canceled, heightening fears over the readiness of arenas across the country for this summer's Confederations Cup.
Saturday, May 11th 2013 - 05:36 UTC
Global food prices increased for third month running in April pushed by dairy costs

Global food prices rose in April for a third straight month as surging dairy costs kept upward pressure on the FAO index, but cereal output is expected to be strong this year. Food prices spiked during the summer of 2012 as the United States was hit by a severe drought and dry weather plagued other producers. After falling at the start of 2013, prices have been rising again in the past three months
Saturday, May 11th 2013 - 05:32 UTC
Tory MPs challenge Cameron: insist EU referendum be enshrined into law

A group of Tory MPs will attempt to force a House of Commons vote over a referendum on the UK’s European Union membership in a fresh blow to David Cameron’s authority. They have criticised the failure to include legislation paving the way for PM Cameron’s promised public vote on the EU.
Saturday, May 11th 2013 - 05:27 UTC
Germany’s anti-Euro movement could become a party this weekend

Germany's newly launched anti-Euro party will clear a key hurdle this weekend to taking part in September's national election but has yet to rally enough support to win seats in parliament.
Saturday, May 11th 2013 - 05:24 UTC
G7 divided on the austerity/expansion debate; US warns Japan on Yen policy

The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its policies at a meeting of Group of Seven finance ministers.