Stories for 2014

Monday, September 1st 2014 - 13:46 UTC
Timerman presents plan to regulate sovereign debts before the UN on Tuesday

Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”
Monday, September 1st 2014 - 11:22 UTC
PM Cameron 'emotional and nervous' about Scottish independence referendum

British Prime Minister David Cameron said over the weekend he was feeling “emotional and nervous” about the September 18 Scottish independence referendum.
Monday, September 1st 2014 - 11:06 UTC
Several 'plagues' hit Italy: recession, deflation, job losses and little hope ahead

The Italian economy contracted by 0.2% in the second quarter of 2014, Istat said Friday, confirming the continuation of the country's longest postwar recession. GDP was down 0.1% in the first quarter, it added. Likewise deflation hit Italy in August for the first time in more than 50 years, while unemployment rose again in July by 0.3% over June to 12.6%.
Monday, September 1st 2014 - 10:52 UTC
Paraguay becomes world's eight exporter of beef; Argentina drops to position 11

Paraguay has moved to eighth world exporter of beef and is planning to double the number of cattle slaughtered by 2020, according to the country's Rural Association, ARP. Last year 2.2million head of cattle were slaughtered in Paraguay, and 73% of the beef was exported while the rest was domestic consumption.
Monday, September 1st 2014 - 10:43 UTC
Uruguay's main agro-business show opens on Wednesday at the Prado greens

Next Wednesday Uruguay's main agro-show at the Prado's greens will open to receive over 2.277 livestock among which will be selected the top cattle (meat and dairy), sheep (wool and lambs), horses and swine of the country, in a display of advanced genetics.
Monday, September 1st 2014 - 10:30 UTC
Dragui's announcement on fiscal stimulus cause German concern

A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.
Sunday, August 31st 2014 - 10:36 UTC
Falkland Islands: “looking good for cruise ship season”

THE 2014/15 cruise ship season is looking good for the Falklands, with approximately 52,000 passengers due to land with 86 calls to Stanley and a further 113 calls to various Camp landings as well.
Saturday, August 30th 2014 - 11:49 UTC
Marina pledges to restore Brazil credibility and limit spending below growth rate

Opposition presidential candidate Marina Silva said that Brazil's recession is very worrying and her government would work to restore the credibility of the country's economic policies to recover investment and growth if elected. The Brazilian economy fell into recession in the first half of the year, a heavy blow for President Dilma Rousseff's already diminishing hopes of winning re-election in October.
Saturday, August 30th 2014 - 11:06 UTC
Capital Markets accept review of sovereign default and making terms extensive to all bondholders

The International Capital Market Association (ICMA) published on Friday the revised framework that allows a majority of investors holding sovereign bonds that default to make changes to the terms, such as extending maturities or reducing the principal.
Saturday, August 30th 2014 - 11:03 UTC
Britain raises terrorism level to 'severe' in response to possible attacks

Britain raised its terrorism threat level on Friday to “severe”, the second highest level, in response to possible attacks being planned in Syria and Iraq, Home Secretary (interior minister) Theresa May said.