Stories for November 26th 2014

Wednesday, November 26th 2014 - 10:30 UTC
OECD warns about Euro zone 'prolonged' stagnation with global impact

Global economic growth in the coming two years is facing difficulties because of problems of recession in Japan and stagnation in the European economies and prospects for healthy growth “are stuck in low gear,” the Organization for Economic Cooperation and Development said on Tuesday.
Wednesday, November 26th 2014 - 10:10 UTC
France suspends delivery of helicopter carriers to Russia because of Ukraine

France suspended indefinitely on Tuesday delivery of the first of two Mistral helicopter carrier warships to Russia, citing conflict in eastern Ukraine where the West accuses Moscow of fomenting separatism.
Wednesday, November 26th 2014 - 09:56 UTC
US economy stronger and growing sturdier than most forecasts

The US economy grew much faster in the third quarter than first reported, official figures have shown. It expanded at an annual zed rate of 3.9% between July and September, up from the 3.5% first estimated by the Bureau of Economic Analysis.
Wednesday, November 26th 2014 - 09:41 UTC
Pacific Alliance and Mercosur represent 90% of Latam and Caribbean GDP

The Pacific Alliance (PA) and the Common Market of the South (Mercosur) combined represent more than 80% of regional foreign trade as well as population, and more than 90% of GDP and direct foreign investment flows, according to a new report by the Economic Commission for Latin America and the Caribbean (ECLAC).
Wednesday, November 26th 2014 - 06:56 UTC
Ana Botin reshuffles Santander, names new CEO and promotes other managers

Spain's Santander, the biggest bank in Europe by market value, reshuffled its command naming Jose Antonio Alvarez as its new chief executive replacing Javier Marin after his two years in the job, the bank said in a statement.
Wednesday, November 26th 2014 - 06:48 UTC
Follow the sand to the real fracking boom

$This all puts frac sand in the drivers’ seat of the next phase of the American oil boom, and it has already seen its price increase up to 20% over the past year$

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
Wednesday, November 26th 2014 - 06:39 UTC
US Securities & Exchange Commission investigating Petrobras corruption scandal

Brazil’s state-run oil firm Petrobras said on Monday it had received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. The SEC investigation is the latest in a multi-layered probe into Petrobras which is spreading beyond Brazil’s borders.
Wednesday, November 26th 2014 - 06:07 UTC
Falklands viewers with additional TV channel from December first

From December first 2014, British Forces Broadcasting Service (BFBS) will be broadcasting an additional TV channel, Forces TV, for viewers in the Falkland Islands.