Stories for 2014

Wednesday, July 9th 2014 - 07:35 UTC
Clean-up process and 'zero tolerance' in Vatican bank plummets profits

The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed on Tuesday.
Wednesday, July 9th 2014 - 07:32 UTC
Venezuela knocks on the door of international banks and promises to respect debt payments

After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures.
Wednesday, July 9th 2014 - 07:16 UTC
Brazil's KO becomes open question for Dilma's re-election and social unrest

Brazilians cried, cursed their president and covered their faces in shame after their beloved football team's humiliating 7-1 thrashing by Germany in the World Cup semi-finals Tuesday. President Dilma Rousseff twitted how sad she was with defeat but called on Brazilians “we won't let ourselves stay down”.
Wednesday, July 9th 2014 - 07:07 UTC
Falklands experience, according to former Argentine vice-president Cobos

Fresh back from the Falkland Islands where he spent a week, Argentina's former vice-president and currently lawmaker Julio Cleto Cobos calls for closer links with the Islands, and insists that the “Malvinas Experience” (“Vivir Malvinas”) challenge should not be banned to nobody, rather the contrary.
Tuesday, July 8th 2014 - 12:30 UTC
IDB names Gustavo De Rosa Finance Manager and Chief Financial Officer

The Inter-American Development Bank (IDB) announced the appointment of Gustavo De Rosa as Finance Manager and Chief Financial Officer, effective November 1, 2014.
Tuesday, July 8th 2014 - 08:43 UTC
Indicted Boudou will replace Cristina Fernandez on Argentine Independence Day

Controversial vice-president Amado Boudou will fill in for President Cristina Fernández and head Wednesday's Argentine Independence Day celebration in San Miguel de Tucumán. The deputy was entrusted with leading the ceremony following a meeting Monday afternoon at the presidential residence in Olivos, as Cristina continues her recovery from pharyngeal laryngitis.
Tuesday, July 8th 2014 - 08:33 UTC
EU holders of restructured Argentine bonds begin court actions in Belgium

Holders of restructured Argentine bonds took to Belgian courts against Euroclear and the Bank of New York last week over their failure to pay out Argentina’s deposit, newspaper Tiempo Argentino (*) reported, citing court documents signed by the funds’ legal counsel.
Tuesday, July 8th 2014 - 08:20 UTC
Leading holdout hedge fund willing to give Argentina more time to negotiate

Elliott Management portfolio manager Jay Newman has revealed that the holdout hedge fund would be willing to give the Argentine government more time to negotiate following the nation's reverse in the US Supreme Court, while criticizing Economy minister Axel Kicillof for not meeting with the so-called 'vulture funds'.
Tuesday, July 8th 2014 - 08:10 UTC
Kicillof meets Pollack requests 'stay' injunction to pay bondholders

Argentine Economy Minister Axel Kicillof held Monday afternoon a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pay bondholders be reinstated while negotiations with holdouts developed.
Tuesday, July 8th 2014 - 07:49 UTC
Falklands' Stanley airport prepares for oil and gas exploratory drilling

With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.