Stories for October 2014

Friday, October 3rd 2014 - 07:36 UTC
Brazil private sector wants to help Argentina in the dispute with 'holdouts'

According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.
Friday, October 3rd 2014 - 07:23 UTC
Argentina: Vanoli meets Cristina Fernandez and begins working at the central bank

In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met on Thursday President Cristina Fernandez and Economy Minister Axel Kicillof in Olivos.
Friday, October 3rd 2014 - 07:17 UTC
Buenos Aires stock market plunges 7.2%, and the US dollar recedes slightly

The day after Argentina's central bank governor Juan Carlos Fabrega stepped down, investors expressed their pessimism as Buenos Aires City stock market, Merval, which plunged 7.2% to 10,703.32 points on Thursday.
Friday, October 3rd 2014 - 07:11 UTC
Oil at its lowest point in more than two years as Saudis defend market share

Price cuts by key exporter Saudi Arabia helped send global crude prices to their lowest point in more than two years Thursday before they recovered in late trade.
Friday, October 3rd 2014 - 06:59 UTC
ECB announces two-year plan to purchase covered bonds and inject liquidity

The European Central Bank has kept its benchmark interest rate at 0.05% and given details of its asset purchase program announced last month. The bank's head Mario Draghi said it would start buying covered bonds this month and other assets in the final three months of the year. This would go on for two years.
Friday, October 3rd 2014 - 06:49 UTC
Falklands' lawmakers meet Foreign Secretary Hammond and Defence chief Fallon

The Falkland Islands Government’s stand at the Conservative Party Conference in Birmingham (28 September to 01 October) was extremely busy with visitors. Situated in a prime location, MLAs Jan Cheek and Ian Hansen and the Falkland Islands Government Representative, Sukey Cameron MBE, were able to meet with a large number of delegates, including MPs and Parliamentary Candidates.
Friday, October 3rd 2014 - 06:38 UTC
Bank of England wants new powers to prevent a housing 'boom and bust'

The Bank of England has asked formally for new powers to prevent a housing boom and bust. Under the powers, the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances.
Friday, October 3rd 2014 - 06:20 UTC
The Argentine economy: “Thumbs down” writes The Economist

Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.
Friday, October 3rd 2014 - 06:15 UTC
Chavista lawmaker stabbed at his home in Caracas: “intentional homicide” argues government

Robert Serra, a young “Chavista” ruling party lawmaker, died after being stabbed in his home in Caracas in an “intentional homicide,” government officials said, in Venezuela's latest high-profile violent crime.
Thursday, October 2nd 2014 - 07:47 UTC
Uruguay's presidential election at the end of October 'too tight to call'

With less than four weeks to 26 October presidential election in Uruguay, the leading candidates are in a neck to neck race, which will demand a run off at the end of November with the result is too close to call, although two of the latest opinion polls believe that the ruling coalition could still scratch through.