Stories for June 6th 2014

Friday, June 6th 2014 - 08:49 UTC
Countdown for Argentina's decisive litigation with hedge funds; IMF concern

The International Monetary Fund expressed “concern” on Thursday over the outcome of Argentina's 'vulture funds' case. The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.
Friday, June 6th 2014 - 08:45 UTC
“Raise your voice, not the sea level”, says UN chief on World Environment Day

Barbados, a small Caribbean island at the cutting edge of the fight against climate change, will be hosting this year's World Environment Day, leading United Nations-wide efforts to draw attention to the plight of the world's small islands potentially in peril of being lost to sea-level rise.
Friday, June 6th 2014 - 08:38 UTC
Europe appeals to negative interest rates to stimulate the economy and inflation

The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%.
Friday, June 6th 2014 - 08:28 UTC
Argentina will have free national transmission of 64 World Cup matches

Argentina confirmed on Thursday World Cup nationwide transmission free service both on television and radio. Channel 7, DeporTV and Radio Nacional will be responsible for delivering the service, thus fulfilling President Cristina Fernandez government’s promise of the ”World Cup for the whole country”.
Friday, June 6th 2014 - 08:21 UTC
Pope's broom again active: names four experts to watchdog Vatican finances

Pope Francis sacked on Thursday the five-man board of the Vatican's financial watchdog, all Italians, in the latest move to break with an old guard associated with a murky past under his predecessor.
Friday, June 6th 2014 - 08:16 UTC
Argentina announces auto industry accord with Brazil; May sales collapsed 40%

Argentina agreed to sign a one-year deal with Brazil to regulate vehicle trade between both countries, after a meeting held between Industry Minister Débora Giorgi and her Brazilian counterpart, Mauro Borges. The agreement will be signed on June 11 in Buenos Aires.
Friday, June 6th 2014 - 08:08 UTC
World Cup tickets sold out, disappointing hundreds who queued for hours

The remaining tickets for the most important World Cup matches were sold out fast on Wednesday, disappointing hundreds of fans who waited in line across Brazil.
Friday, June 6th 2014 - 08:02 UTC
Italy planning to boost economy by including shadow economy as part of GDP

Drugs, prostitution and arms smuggling may not be legal, but it's all real economic activity, at least in Italy, which will now include illegal enterprises as part of its gross domestic product (a measure of the goods and services a nation produces). Italy has decided to boost the size of its economy by including the value of black market activities.
Friday, June 6th 2014 - 07:40 UTC
Malvinas OAS resolution calls for resumption of UK/Argentina negotiations on sovereignty

The Organization of American States, OAS, annual assembly unanimously approved on Thursday a resolution on the Malvinas Islands calling on Argentina and the UK to resume negotiations regarding the sovereignty dispute.
Friday, June 6th 2014 - 02:38 UTC
Science and tourism combine in support of Wandering Albatross

In a superb development for science and tourism in South Georgia, Cheesemans’ Ecology Safaris is offering the opportunity for 7 people to join a scientific trip on the Hans Hansson surveying South Georgia’s wandering albatross.