Stories for June 2014

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.
Thursday, June 5th 2014 - 07:20 UTC
High inflation and unemployment challenging Brazilian economy in election year

With the World Cup just eight days away, high inflation and unemployment is once again challenging Brazil’s economy, with the impact sure to influence this year’s election campaigns. Investors warned earlier this week that spending promises will undermine the fiscal discipline needed to restore confidence in the country and boost economic growth.
Thursday, June 5th 2014 - 07:15 UTC
Dilma claims FIFA had pledged that stadiums would be built with private funds

As Brazil rushes to finish stadiums and deal with a wave of protests ahead of the June 12 kick-off, president Dilma Rousseff partly blamed FIFA for the spiraling World Cup bill but said the money spent would leave a positive legacy.