Stories for July 2014

Friday, July 18th 2014 - 08:39 UTC
China offers 35bn fund to finance infrastructure projects in Latin America

Chinese President Xi Jinping proposed Thursday to create a 20 billion dollars fund to finance infrastructure projects in Latin America and the Caribbean.
Friday, July 18th 2014 - 08:27 UTC
Today we are all Malaysians: ICTP Chairman issues statement

”The World travel and tourism industry must come together and take leadership after the Malaysia Airlines (MH17) incident.” This is the opinion voiced by Juergen Thomas Steinmetz, Chairman of the International Coalition of Tourism Partners (ICTP).
Friday, July 18th 2014 - 07:52 UTC
IAATO commends Norwegian court for convicting violator of Antarctic Treaty

The International Association of Antarctica Tour Operators (IAATO) has commended the Nord-Troms District Court for convicting Jarle Andhøy of violating the Protocol on Environmental Protection to the Antarctic Treaty.
Friday, July 18th 2014 - 07:45 UTC
Brazil leaves basic interest rate unchanged at 11%; no surprises expected ahead of October election

Brazil held interest rates unchanged for a second straight time this week but did not commit to keeping them stable for long as inflation remains high in Latin America's top economy. The Brazilian economy performance is anemic and next October president Dilma Rousseff is bidding for re-election.
Friday, July 18th 2014 - 07:32 UTC
US confirms six Guantanamo prisoners will be transferred to Uruguay

President Barack Obama's administration has discretely notified Congress of its intention to transfer to Uruguay six prisoners from the U.S. base in Guantanamo, Cuba, according to the State Department.
Friday, July 18th 2014 - 07:21 UTC
Falklands' de-mining plans for next two seasons funded by FCO

The Falkland Islands will be seeing further de-mining over the next two summer seasons funded by the Foreign and Commonwealth Office (FCO) that will also carry out a tender process for the works, according to a report from Penguin News.
Friday, July 18th 2014 - 05:39 UTC
Malaysia jet killing 298 was apparently downed by Ukrainian separatists

A suspected Russian-made surface-to-air missile downed a Malaysia Airlines jet in a separatist-controlled corner of eastern Ukraine on Thursday, prompting the Kiev government to denounce an “act of terror” that killed all 298 people on board.
Thursday, July 17th 2014 - 07:27 UTC
BRICS development bank HQ in Shanghai and India will hold the presidency

The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.
Thursday, July 17th 2014 - 07:20 UTC
CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.
Thursday, July 17th 2014 - 07:14 UTC
CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”