Stories for July 2nd 2014

Wednesday, July 2nd 2014 - 23:51 UTC
Argentina loses trade restrictions case at WTO, says Brazilian financial media

The World Trade Organization has ruled that a swath of import regulations imposed by Argentina violate international trade rules, according to the Buenos Aires media quoting diplomatic sources and Brazil's financial press. The ruling favors 43 countries those two years ago claimed Argentina had imposed trade barriers.
Wednesday, July 2nd 2014 - 23:37 UTC
Cristina Fernandez suspends all activities because of 'laryngitis'; more time to deal with Boudou's case

Argentine President Cristina Fernández has been forced to call off all official activities following a “pharyngeal laryngitis condition” with the medical team in charge of the head of state’s health deciding on a 24-hour rest at least.
Wednesday, July 2nd 2014 - 08:00 UTC
Uruguay presents Foreign minister Almagro as OAS Secretary General candidate

Uruguay has presented the candidacy of its current Foreign minister Luis Almagro to succeed Jose Miguel Insulza as head of the Organization of American States, OAS Secretary General, it was reported on Tuesday from Montevideo.
Wednesday, July 2nd 2014 - 07:53 UTC
“Vulture funds not interested in negotiations” claims Minister Kicillof

“Vulture funds are not interested in negotiations”, and all they want is “to get hold of the money for re-structured bonds holders”, said Argentina's Ministry of Economy in a release made public late Tuesday, the last exchange on the ongoing battle in a New York court with holdout hedge funds.
Wednesday, July 2nd 2014 - 07:45 UTC
Main French bank agrees to 9bn dollars settlement with US prosecutors

France's largest bank, BNP Paribas, has agreed to a record 9bn dollars settlement with US prosecutors over allegations of sanctions violations. As part of the deal, the bank will plead guilty to two criminal charges of breaking US sanctions against trade with Sudan, Iran and Cuba.
Wednesday, July 2nd 2014 - 07:35 UTC
EU upholds ban by France on wearing the Muslim full-face veil: niqab

The European Court of Human Rights has upheld a ban by France on wearing the Muslim full-face veil, the niqab. A case was brought by a 24-year-old French woman, who argued that the ban on wearing the veil in public violated her freedom of religion and expression.
Wednesday, July 2nd 2014 - 07:27 UTC
Two decades of the Real, the currency that helped Brazil trust financial stability

Twenty years ago, first July 1994, after decades of financial turmoil, Brazil introduced its current currency, the Real, marking a turning point in the country's fight against hyperinflation.
Wednesday, July 2nd 2014 - 07:17 UTC
Falklands mints £2 coin to mark centenary of 1914 Battle of the Falkland Islands

The Falkland Islands Government have minted a new circulatory £2 coin, to mark the Centenary of the Battle of the Falkland Islands in 1914.
Wednesday, July 2nd 2014 - 07:04 UTC
Former Argentine minister blasts Cobos for Falklands trip; passport controversy

Argentina's former foreign minister Jorge Taiana described lawmaker and presidential hopeful Julio Cleto Cobos current visit to the Falkland Islands totally “irresponsible” and 'without consultation'. He also blasted the fact that the lawmaker would have his Argentine passport stamped by the government of the Falkland Islands.
Wednesday, July 2nd 2014 - 00:13 UTC
Data confirms Argentina's economy has slid into recession

Argentina’s economic activity index (EMAE), which is seen as a close proxy of GDP, fell 0.5% in April compared with the same month last year, according to data released by the government's stats office Indec. Nonetheless activity went up 0.6% in April compared to March.