Stories for January 2014

Wednesday, January 29th 2014 - 21:07 UTC
Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.
Wednesday, January 29th 2014 - 21:00 UTC
New York Times blasts Cristina Fernández: “Argentina on the brink”

The New York Times published on Wednesday a very strong editorial criticizing the misguided policies of the government of President Cristina Fernandez, arguing that once again 'Argentina is on the brink”.
Wednesday, January 29th 2014 - 20:37 UTC
Ecuador readies witch hunt against certain journalists, claims NGO Fundamedios

Ecuadorean non-governmental organization Fundamedios claimed that President Rafael Correa is trying to stop it from operating normally after the government announced that the “administrative control” of the NGO would be transferred to the national Communications Secretariat.
Wednesday, January 29th 2014 - 20:31 UTC
Lagarde admits volatility in global markets as strong economies tighten monetary policy

Monetary policy tightening in advanced economies will cause volatility in international markets this year and impact the monetary situation of some emerging economies, IMF Managing Director Christine Lagarde cautioned on Wednesday.
Wednesday, January 29th 2014 - 06:51 UTC
Argentine foreign money market operating at 8.015 Pesos to the US dollar

For second day running the Argentine foreign money market reacted with normality with the official rate of the US dollar closing at 8.015 Pesos, while the so called 'reference dollar' for savings traded at 9.62 Pesos and the 'blue' or parallel climbed 35 cents to 12.50 Pesos.
Wednesday, January 29th 2014 - 06:46 UTC
Noravirus hits 'Explorer of the Seas' in the Caribbean; 10-day trip cancelled

The Royal Caribbean cruise 'Explorer of the Seas” has ended the 10-day trip in the Caribbean early after hundreds of passengers and crew members were sickened with a gastrointestinal illness. It is believed the incident is a new case of the noravirus which has been attacking large cruise vessels.
Wednesday, January 29th 2014 - 06:40 UTC
Nicaragua's Ortega joins the club of Latam leaders addicted to remaining in office

Nicaragua's national assembly voted to scrap presidential term limits, which could allow current head of state Daniel Ortega to run again for election at the end of his current mandate.
Wednesday, January 29th 2014 - 06:36 UTC
Boxing superstar Mayweather bets 10m dollars on Denver Broncos in Super-bowl

Reports from the US gambling haven of Las Vegas suggest that boxing superstar Floyd Mayweather has placed 10 million dollars on a Denver Broncos victory in the upcoming Super-bowl.
Tuesday, January 28th 2014 - 22:44 UTC
Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.
Tuesday, January 28th 2014 - 22:38 UTC
Maduro wants Puerto Rico to join Celac, a territory 'free of colonies'

President Nicolás Maduro described the current CELAC summit in Havana as historic and revealed Venezuela has proposed that the group's territories be considered 'free of colonies' and thus invites Puerto Rico to formally join Celac (Community of Latin American and Caribbean state).