Stories for January 2014

Tuesday, January 7th 2014 - 23:43 UTC
Falklands and Atlantic patrol HMS Richmond commended by Commander La Forte

Falkland Islands based Commander British Forces South Atlantic Islands, Air Commodore Russell La Forte CBE presented HMS Richmond with his personal Commendation in recognition of Distinguished Service in the region by the Type 23 Duke Class frigate during her Atlantic Patrol Tasking.
Tuesday, January 7th 2014 - 23:28 UTC
JP Morgan will pay 1.7bn dollars penalty related to Bernard Madoff's fraud

JPMorgan Chase & Co will pay a 1.7 billion dollars penalty to settle charges by US federal authorities that the bank failed to report suspicious activity relating to Bernard Madoff's Ponzi scheme.
Tuesday, January 7th 2014 - 06:09 UTC
Main threat to world economy in 2014 is not the Euro-zone but China, says Soros

George Soros says stop worrying about the Euro-zone and look at the slower growth in China. The hedge fund boss, who built his fortune betting on the world’s money markets, is concerned that twenty years of rapid growth is about to run out of steam.
Tuesday, January 7th 2014 - 06:05 UTC
For second year running Uruguay manages deflation in December, keeps inflation in one digit

Uruguay again managed a December with deflation, (as happened exactly a year ago) with the consumer prices index down 0.72%, helping to bring 2013 inflation to 8.52%, according to the official stats office, INE. This is the sixth year in the last ten that Uruguay despite an unprecedented decade long growth-boom and abundant revenue overshoots its inflation target.
Tuesday, January 7th 2014 - 05:58 UTC
Yellen confirmed as next Federal Reserve chairperson: Senate votes 56-26

Janet Yellen, a key force behind the Federal Reserve's unprecedented and controversial efforts to boost the US economy, was confirmed on Monday by the Senate to lead the central bank just as it begins to unwind that stimulus.
Monday, January 6th 2014 - 19:51 UTC
Cristina Fernandez “working everyday” returns this week to Buenos Aires

Argentine President Cristina Fernandez “works everyday” and is “complying with her constitutional responsibilities” said cabinet chief Jorge Capitanich on Monday responding to opposition voices that have criticized the leader who remains in the Patagonian city of El Calafate. He also announced that the president would be returning to Buenos Aires this week.
Monday, January 6th 2014 - 19:47 UTC
Merkel fractures her pelvis skiing and calls off foreign visits

German Chancellor Angela Merkel has fractured her pelvis in a cross-country skiing accident and is walking with the help of crutches, forcing her to call off some foreign visits and official appointments, her spokesman has said.
Monday, January 6th 2014 - 19:42 UTC
Uruguayan minister says trade relations with Argentina “will never be the same”

Industry, Energy and Mining Minister, Roberto Kreimerman, said Uruguay would try to settle disputes with Argentina in order to reestablish trade relations, but he also recognized Uruguay’s relationship with Argentina 'will never be the same'. The minister revealed that 32 million dollars of Uruguayan exports are blocked at Argentine Customs.
Monday, January 6th 2014 - 19:37 UTC
Beckham to play for Argentina's River Plate for six months: 'why not?'

The great English player David Beckham could come out of retirement and sign a short term deal for Argentine giants River Plate, reports Argentine website Diario Veloz.
Monday, January 6th 2014 - 19:17 UTC
King of Spain admitted in 1983 advances in Gibraltar would reactivate Moroccan Ceuta claims

As negotiations over Spain’s entry to the European Union grew tense in 1983, King Juan Carlos twice told British officials it was not to Spain’s advantage to recover Gibraltar, according to newly declassified documents released to the UK National Archives.