Stories for 2014

Friday, September 5th 2014 - 02:17 UTC
ECB cuts rates to record low and negative for overnight deposits; Euro/dollar slumps below 1.3

The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels (deflation) and support the stagnating euro zone economy. The ECB cut its main refinancing rate to 0.05% from 0.15%.
Friday, September 5th 2014 - 02:14 UTC
Brazil leaves basic interest rate unchanged at 11%, given 'inflation prospects'

With Brazil battling recession and inflation a month away from the presidential election, the Central bank kept its key interest rate on hold at 11%. Traders and analysts had forecast no change and the central bank's monetary policy commission (Copom) duly decided to leave all quiet following its monthly two-day meeting.
Thursday, September 4th 2014 - 06:04 UTC
Malvinas: Argentina recalls fifty years since Falklands claim statement before C24

Argentina will be launching on Thursday, 4 September the book “Argentine sovereignty in Malvinas; 50 years since Ambassador Ruda's statement” which recalls the half century since the presentation by then Ambassador Jose Maria Ruda before the United Nations Special Decolonization Committee, or C24.
Thursday, September 4th 2014 - 05:58 UTC
Support for Scottish independence up eight points in August, say polls

The No vote's lead ahead of the Scottish Referendum has narrowed to just six points, according to a new poll. The YouGov poll suggests support for Scottish independence has risen eight points over the past month.
Thursday, September 4th 2014 - 05:42 UTC
Magallanes received 630.000 tourists in 2013, expects a 5% increase this year

Magallanes Region economy (in the extreme south of Chile) received an injection of 220 million dollars from the 630.000 tourists that arrived by air, sea or land to the area during 2013, according to the latest release form the regional Tourism Office (Sernatur).
Thursday, September 4th 2014 - 05:37 UTC
One trillion dollars per year plus lives is the cost of corruption in poor countries

An estimated one trillion dollars a year is being taken out of poor countries and millions of lives are lost because of corruption, according to campaigners. A report by the anti-poverty organization One says much of the progress made over the past two decades in tackling extreme poverty has been put at risk by corruption and crime.
Thursday, September 4th 2014 - 05:20 UTC
Argentina's dispute with holdouts “will not affect” Chinese investments, says Beijing

The current legal dispute between Argentina and holdouts (“vulture funds”) suing the country over its defaulted bonds “will not affect” planned Chinese investments, since Argentina and China have a 'strategic association', the head of the National Commission of Development and Reform (CNDR) of China Xu Shaoshi, warned on Wednesday.
Thursday, September 4th 2014 - 05:06 UTC
Argentina milks more US dollars from commercial banks

Argentina's central bank said on Wednesday it had reduced the amount of dollars commercial banks could hold, a move that should push more greenbacks into the spot market and may give a mild boost to flagging reserves and the local Peso.
Thursday, September 4th 2014 - 05:00 UTC
Argentina looks to Uruguay to issue sovereign bonds and pay creditors

A former chairman of Argentina's central bank board, Aldo Pignanelli considered neighboring Uruguay could be a “trustworthy” option for Argentina to issue sovereign bonds and pay creditors. Uruguay has an outstanding international reputations regarding abiding by contracts and ensuring legal security, added the Argentine banker.
Wednesday, September 3rd 2014 - 23:00 UTC
EC fines Philips, Samsung and Infineon for 'collusion' in price-chips for smart phones

Philips, Samsung and Infineon have been fined 138m Euros by the European Commission (EC) for fixing prices of chips in used in smart-phones. The electronics giants “colluded” on pricing, contracts and capacity between 2003 and 2005, the EC said.