Stories for January 2014

Thursday, January 23rd 2014 - 10:27 UTC
Paris Club will study Argentina's repayment proposal; long process expected

The Paris Club said it would study an outline from Argentina for repaying the more than 9.5 billion dollars it owes the group of creditor nations. Argentina is eager to resolve the problem of its outstanding debt with the group in order to regain access to international capital markets from which it has been shut out since its 2002 default.
Thursday, January 23rd 2014 - 10:13 UTC
Report reveals overseas accounts in tax havens of the Chinese communist elite

Close relatives of China’s top leaders have held secretive offshore companies in tax havens that helped shroud the Communist elite’s wealth, a leaked cache of documents reveals. As the report was released several western newspapers, news agencies and websites, some of them with the mandarin version, were hacked in China.
Thursday, January 23rd 2014 - 09:47 UTC
Almagro and Timerman discuss bilateral agenda and possible Cristina Fernandez-Mujica meeting

A meeting of the presidents from Argentina and Uruguay, Cristina Fernandez and Jose Mujica has not been agreed but is 'in the agenda' said Uruguayan foreign minister Luis Almagro following an hour long meeting with his counterpart Hector Timerman on Wednesday in Montevideo.
Thursday, January 23rd 2014 - 09:37 UTC
Argentina strangles Montevideo port activity; operators call for a bilateral agreement

Container operators in the port of Montevideo are demanding from Uruguayan authorities an agreement with Argentina to recover all the transshipment activity which has been lost since November when the government of President Cristina Fernandez retaliated against Uruguay over bilateral issues.
Thursday, January 23rd 2014 - 09:26 UTC
US dollar with no cap in Argentina: climbs 3.4% in a single day

The US dollar in the Argentine official market on Wednesday soared 23 cents to 7.125 Pesos, establishing a new record in the midst of uncertainty and frantic trading. The last time the greenback price climbed 3.4% in a single day was back in April 2002. Since the beginning of the year the Argentine peso has plunged 9% against the dollar and a year ago the dollar stood at 5 Argentine Pesos.
Wednesday, January 22nd 2014 - 19:50 UTC
Stray sheep not to blame for Ardiles Falklands accident

The suggestion that a stray sheep may have caused the road accident in the Falklands involving former Argentina and Tottenham Hotspur stars, Osvaldo “Ossie” Ardiles and Ricardo Villa was refuted on Tuesday by Ardiles’s son Federico in an interview with Mercopress in Stanley.
Wednesday, January 22nd 2014 - 17:10 UTC
Argentina imposes strict controls on buying on line

Argentines buying online must now submit a statement to the tax agency, AFIP, before they can receive the goods at the Post Office, as the government seeks to make such purchases more expensive and help curb capital flight.
Wednesday, January 22nd 2014 - 17:03 UTC
NASA says 2013 tied with 2009 and 2005 for the seventh warmest year since 1880

NASA scientists say 2013 tied with 2009 and 2006 for the seventh warmest year since 1880, continuing a long-term trend of rising global temperatures. With the exception of 1998, the 10 warmest years in the 134-year record have all occurred since 2000, with 2010 and 2005 ranking as the warmest years on record.
Wednesday, January 22nd 2014 - 16:59 UTC
“Without a stadium, we can't organize a match”, FIFA warns city of Curitiba

Curitiba risks being dropped as a venue for this year's World Cup finals if work on the Arena da Baixada stadium there fails to make significant progress, FIFA secretary general Jerome Valcke said on Tuesday. Curitiba is set to host four group matches, including the meeting of holders Spain and Australia.
Wednesday, January 22nd 2014 - 11:43 UTC
Rosier forecast from the IMF, but deflation remains a risk for richer nations

The International Monetary Fund has raised its global growth forecast for the first time in nearly two years, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.