Stories for August 9th 2014

Saturday, August 9th 2014 - 07:53 UTC
US reject the ICJ as an 'appropriate venue' for addressing Argentina's debt issues

A spokeswoman for the U.S. State Department said the United States would not permit the International Justice Court in The Hague to hear Argentina's claims that U.S. court decisions had violated its sovereignty.
Saturday, August 9th 2014 - 07:45 UTC
Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.
Saturday, August 9th 2014 - 07:34 UTC
Griesa warns Argentina with 'contempt' if it continues with “false and deceiving statements”

New York district judge Thomas Griesa on Friday threatened to declare Argentina in “contempt” of court if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited 539 million dollars in bond payments in Bank of New York Mellon (BoNY) and Citibank.
Saturday, August 9th 2014 - 07:12 UTC
Fifty years since the Gulf of Tonkin incident which triggered the Vietnam war

Fifty years ago, a controversial confrontation in the Gulf of Tonkin between the United States and North Vietnam forces set the stage for what eventually became US involvement in the Vietnam War.
Saturday, August 9th 2014 - 06:59 UTC
Prince William to alternate his royal duties with air ambulance pilot

The Duke of Cambridge is to become an air ambulance pilot next spring, it has been announced. Kensington Palace said Prince William will join the East Anglian Air Ambulance flying both day and night shifts. It will become his main job, but his rota will take into account any duties he will continue to undertake on behalf of the Queen.
Saturday, August 9th 2014 - 06:49 UTC
ECB to make more transparent European banks quality and potential litigations

The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the Euro zone's 131 most important lenders have enough capital to withstand another recession.
Saturday, August 9th 2014 - 06:38 UTC
Ebola outbreak becomes a “public health emergency of international concern”

World Health Organization declared on Friday that the Ebola outbreak spreading across West Africa has become a “public health emergency of international concern”. WHO also revealed that Ebola took an additional 29 lives between Tuesday and Wednesday alone.
Saturday, August 9th 2014 - 06:33 UTC
Bank of England inflation forecast, next week could give an idea on future hike

The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.
Saturday, August 9th 2014 - 06:25 UTC
Dragui 'pleased' with a weakened Euro exchange rate, which could decline further

European Central Bank President Mario Dragui signaled he was pleased with the recent decline in the Euro's exchange rate and outlined a number of forces that may weaken it further, providing a potential boost to weak inflation in the region.
Saturday, August 9th 2014 - 06:13 UTC
UK grants Chile matching funds for program on scientific research and innovation

The Newton-Picarte Fund for scientific research was officially launched in Chile on Thursday 31st July through the signing of the Memorandum of Understanding between the UK Government, represented by the British Ambassador Fiona Clouder, and the Chilean Ministry of Economy, Development and Tourism, represented by the Minister of Economy Luis Felipe Cespedes.