Stories for August 2014

Wednesday, August 6th 2014 - 08:18 UTC
Israel disturbed with Mujica's use of 'genocide' to describe the situation in Gaza

Israel is disappointed and concerned with Uruguayan president Jose Mujica statement that described the Israeli offensive in Gaza as’genocide’, pointed out Jerusalem's new ambassador to Montevideo, Nina Ben-Ami. “These are not words to be used by a friend; we're friendly countries going through a difficult moment”.
Wednesday, August 6th 2014 - 08:02 UTC
Argentina will demand Citibank and BONY to pay exchange bondholders

The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.
Wednesday, August 6th 2014 - 07:57 UTC
Brazil denies any 'stagflation' and forecasts economy with 'reasonable' growth level in 2015

Brazil is far from stagflation, central bank chief Alexandre Tombini said on Tuesday, forecasting the economy will pick up speed and inflation will ease in coming months. In similar terms Economy minister Guido Mantega said the economy should pick up in the second half of the year after a slow start and hit more “reasonable” growth levels in 2015.
Wednesday, August 6th 2014 - 07:46 UTC
Briton involved in World Cup tickets scam released from jail but must remain in Rio

British World Cup ticketing executive who allegedly took part in a scam to sell millions of dollars worth of fraudulent tickets was ordered to be released from prison Tuesday while awaiting trial in Brazil.
Wednesday, August 6th 2014 - 00:20 UTC
Hanover TUI line orders new vessels as Germany is set to become Europe's main cruise market

Germany's TUI Cruises, a joint venture of TUI AG and Royal Caribbean Cruises Ltd. are planning to spend as much as 2 billion Euros for four new vessels to meet increased European demand for cruise holidays. TUI Cruises expects Germany to overtake the UK as Europe's largest cruise market.
Wednesday, August 6th 2014 - 00:12 UTC
Paraguay sells 1 billion dollars in 30-year sovereign bonds

Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.
Wednesday, August 6th 2014 - 00:04 UTC
UK only Muslim minister resigns protesting 'morally indefensible' policy in Gaza

Sayeeda Warsi, a senior minister in Britain's Foreign Office, resigned on Tuesday, accusing Prime Minister David Cameron's government of taking a “morally indefensible” approach to the conflict between Israel and Hamas.
Tuesday, August 5th 2014 - 07:14 UTC
Argentina planning to question Judge Griesa before the International Court of Justice

Argentina's Legal and Technical Secretary to the Presidency Carlos Zannini is overseeing a group of experts in international law as they draft the suit the government of President Cristina Fernandez will file against US Judge Thomas Griesa’s ruling on full repayment to holdout bondholders at International Court of Justice in the Hague, according to Noticias Argentinas-
Tuesday, August 5th 2014 - 07:10 UTC
Cristina Fernandez pledges “to adopt the most suitable measures for Argentina”

Argentine President Cristina Fernandez said on Monday that she would only take decisions that benefitted the overall health and stability of the Argentine state, as she called on the country to defend the achievements of the last 10 years.
Tuesday, August 5th 2014 - 07:03 UTC
Iran officials admit supplying missile technology to Hamas to wipe out Israel

Two senior Iranian officials told an Arabic-language television channel on Monday that Tehran has supplied missile technology to Hamas for its fight against Israel. Revolutionary Guard commander Mohammad Ali Jafari warned in an interview with the Arabic channel of Iran's state Al-Alam television that Palestinian resistance to Israeli aggression is “endless and growing.”