Stories for September 27th 2014

Saturday, September 27th 2014 - 09:24 UTC
Argentina lashes Griesa for not making a final decision on the Citibank dispute

Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.
Saturday, September 27th 2014 - 09:12 UTC
Griesa allows Citibank to process a one-off payment of Argentine bonds

US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.
Saturday, September 27th 2014 - 09:08 UTC
Relief for Dilma: unemployment rate in August remained at 5%

Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market. The non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9% in July, statistics agency IBGE announced.
Saturday, September 27th 2014 - 08:58 UTC
European airlines cleared to allow passengers use mobile phones and PEDSs

Airlines across Europe have been cleared to allow passengers' use of mobile phones and portable electronic devices (PEDs) throughout flights. The European Aviation Safety Agency (EASA) said there would be no restrictions in place from a safety perspective - a long-held reason for devices to be turned off or placed in “airplane mode”.
Saturday, September 27th 2014 - 08:47 UTC
US economy grows at an annual rate of 4.6% pushed by exports and investment

The US economy grew at an annual rate of 4.6% between April and June, faster than the previous estimate of 4.2%, according to revised figures from the US Department of Commerce. The revision was due to larger rises in exports and business investment.
Saturday, September 27th 2014 - 08:32 UTC
UK Parliament approves air strikes against Islamic State extremists

The UK Parliament has backed British participation in air strikes against Islamic State extremists in Iraq. After a seven-hour debate, MPs voted for military action by 524 votes to 43. Bombing could start as early as Sunday according to defense sources.
Saturday, September 27th 2014 - 08:13 UTC
Guest post: the UN is not the solution for a rogue debtor

By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.
Saturday, September 27th 2014 - 07:59 UTC
UN Human Rights Council sides with Argentina condemns 'vulture funds'

The United Nations Human Rights Council meeting in Geneva on Friday adopted an Argentine-fueled resolution which condemns the so called 'holdouts' or “vulture funds”, currently in a legal dispute against the country.
Saturday, September 27th 2014 - 06:34 UTC
Marina Silva pledges to de-politicize regulatory agencies and state corporations

Brazilian presidential candidate Marina Silva vowed to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.
Saturday, September 27th 2014 - 06:17 UTC
Lula da Silva the decisive campaign factor in Brazil's presidential election

Dilma Rousseff has stopped her erosion in opinion polls as she seeks a second term as Brazil’s president, even reversing the trend with only days left before the election, greatly thanks to her predecessor and mentor Lula da Silva.