MercoPress. South Atlantic News Agency
Stories for February 1st 2014
-
Saturday, February 1st 2014 - 04:58 UTC
Argentina's financial hot summer: record devaluation of the Peso, record loss of reserves
The Argentine currency ended trading on Friday, the first month of 2014, at 8.01 Pesos to the US dollar with an accumulated devaluation in January of 18.63%, the greatest loss in a single month since 2002. However market analysts described the situation as a depreciation 'sustained and managed' by the government of President Cristina Fernandez.
-
Saturday, February 1st 2014 - 04:54 UTC
Argentina among the least well-off economies in the region, says IMF
The economies of Argentina and Venezuela are the least well-off in the region due to pressures on inflation, the balance of payments, and foreign exchange markets that developed last year, the International Monetary Fund warned.
-
Saturday, February 1st 2014 - 04:40 UTC
Falklands' honors only New Zealand soldier killed during the 1982 war
Falkland Islands Member of the Legislative Assembly Mike Summers attended on Friday a wreath-laying ceremony at Palmerston, New Zealand, to honor the sacrifice of Private Richard Absolon who was the only New Zealand solider killed during the Falkland Islands war in 1982.
-
Saturday, February 1st 2014 - 04:27 UTC
UK and France tighten defense cooperation and military procurement
The UK and France have agreed to strengthen defense co-operation following a summit at RAF Brize Norton on Friday. A communiqué signed by UK Prime Minister David Cameron and French President Francois Hollande sets out plans for closer ties between the two countries.
-
Saturday, February 1st 2014 - 04:12 UTC
Royal Navy will make more regular calls to Gibraltar, says Lords spokesman on defense
Royal Navy has sent additional personnel to Gibraltar to strengthen its Gibraltar Squadron in response to Spanish maritime incursions into British territorial waters.
-
Saturday, February 1st 2014 - 04:04 UTC
IMF calls on central banks to coordinate liquidity conditions; fears funding crunch
The International Monetary Fund urged central banks to ensure that a financial market rout in the developing world does not lead to an international funding crunch. An IMF spokesman said some emerging market countries need to take “urgent action” to improve their economies, which are under threat by a recent sell-off in markets from India and Turkey to Brazil.
