MercoPress. South Atlantic News Agency
Stories for September 5th 2014
-
Friday, September 5th 2014 - 07:47 UTC
Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House
Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.
-
Friday, September 5th 2014 - 07:33 UTC
NML Capital subpoenaed 18 banks in search of embezzled Argentine funds
NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States.
-
Friday, September 5th 2014 - 07:13 UTC
Uruguay's main presidential opposition candidate suffers “Watergate break-in” crime
Uruguay's main opposition candidate for October's contested presidential election was the victim of a “Watergate break-in” crime at the offices of the agency which is running his surprisingly successful campaign.
-
Friday, September 5th 2014 - 03:28 UTC
Falklands' GDP 'volatile' because of fisheries and oil and gas exploration
Recently released data shows that the Falkland Islands Gross Domestic Product (GDP) continues to be volatile: expanding considerably during some years and shrinking in others. For example, 2012, a year of intense hydrocarbons activity the per capita for a population of 2.562, in the books soared to £77.400.
-
Friday, September 5th 2014 - 02:19 UTC
Bank of England leaves interest rate on hold at 0.5%; eyes set on minutes to be released 09/17
The Bank of England has held UK interest rates at a record low of 0.5% for another month. The size of the Bank's economic stimulus program - quantitative easing - was also unchanged at £375bn.
-
Friday, September 5th 2014 - 02:17 UTC
ECB cuts rates to record low and negative for overnight deposits; Euro/dollar slumps below 1.3
The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels (deflation) and support the stagnating euro zone economy. The ECB cut its main refinancing rate to 0.05% from 0.15%.
-
Friday, September 5th 2014 - 02:14 UTC
Brazil leaves basic interest rate unchanged at 11%, given 'inflation prospects'
With Brazil battling recession and inflation a month away from the presidential election, the Central bank kept its key interest rate on hold at 11%. Traders and analysts had forecast no change and the central bank's monetary policy commission (Copom) duly decided to leave all quiet following its monthly two-day meeting.
