Stories for 2013

Tuesday, February 5th 2013 - 19:17 UTC
Osborne says with reform bill “no UK government would ever again bail-out an entire bank”

British Chancellor George Osborne has announced the Banking Reform Bill that will not only see savers’ deposits safeguarded but also enforce rules to make it easier for consumers to switch bank accounts.
Tuesday, February 5th 2013 - 17:39 UTC
“Falklands will be under Argentine control within 20 years”, Timerman tells UK media

The Falklands Islands will be under Argentine control within 20 years, Minister Hector Timerman said in an interview with The Guardian and The Independent in London insisting that not one single country in the world supports the UK governing the Falklands.
Tuesday, February 5th 2013 - 17:13 UTC
Petrobras still going strong but 2012 low profits and high debt pound on prospects

Brazil’s government managed oil and gas corporation Petrobras posted a net benefit of 21.182 billion Reais (approx 10.6bn dollars) in 2012, which is 36% below 2011, reported the company in a filing, but in the fourth quarter profits totalled 7.747bn Reais (approx 3.9bn dollars) 53% higher than in the same period in 2011.
Tuesday, February 5th 2013 - 17:03 UTC
France insists Euro is too strong; fears it could undermine exports

French President François Hollande called on the Euro zone on Tuesday to develop an exchange rate policy to help protect the common currency from “irrational movements”. His comments came amid growing concern that the Euro, now trading around 1.35 to the US dollar, is too strong and could undermine the country’s exporters and hence wider economic growth.
Tuesday, February 5th 2013 - 16:51 UTC
Ecuador: two killed in political rally; Correa leads comfortably re-re-election bid

A campaign rally for Ecuador's president Rafael Correa turned deadly Monday night when a man stabbed and killed two people, state media reported. At least four others were injured at the event that President Correa was expected to arrive at moments later, the state news agency ANDES said.
Tuesday, February 5th 2013 - 06:25 UTC
January inflation in Uruguay confirms strong hike tendency

Inflation in Uruguay climbed 1.9% in January totalling 8.72% in the last twelve months, according to the latest release from the government’s stats office, INE. Last year twelve month inflation reached 7.48% and for this year the government established a target of 4% to 6%.
Tuesday, February 5th 2013 - 02:58 UTC
Brazilian congress challenges Justice: votes graft suspects to key posts

The lower chamber of Brazilian Congress voted overwhelmingly on Monday for Henrique Alves to become its speaker, even though he is under investigation for graft. The selection of Alves came after the Senate chose a new leader who is also accused of corruption.
Tuesday, February 5th 2013 - 02:08 UTC
Widespread football match fixing and criminal network uncovered by Europol

A major investigation involving Europol and police teams from 13 European countries has uncovered an extensive criminal network involved in widespread football match-fixing. A total of 425 match officials, club officials, players, and serious criminals, from more than 15 countries, are suspected of being involved in attempts to fix more than 380 professional football matches.
Tuesday, February 5th 2013 - 01:49 UTC
US government to sue Standard & Poor’s over 2007 mortgage-bonds assessments

Standard & Poor's says it is to be sued by the US government over the credit ratings agency's assessment of mortgage bonds before the financial crisis. The civil lawsuit would focus on S&P high ratings in 2007 for some mortgage-backed securities that later collapsed in value, said the agency.
Tuesday, February 5th 2013 - 01:10 UTC
A repeat of Shackleton’s epic Southern Ocean crossing reaches South Georgia

An expedition replicating Ernest Shackleton's 1916 perilous crossing of the Southern Ocean from Antarctica in a small boat has made landfall after a 12-day journey. Led by renowned adventurer Tim Jarvis, the team of six reached Peggotty Bluff on rugged South Georgia, where they landed their vessel in the same place Shackleton and his men beached the James Caird nearly 100 years ago.