Stories for February 25th 2015

Wednesday, February 25th 2015 - 17:39 UTC
Antarctic wildlife research fund launched in Australia with Norwegian support

The Antarctic Wildlife Research Fund (AWR) was unveiled at a ceremony in Australia, with the aim of strengthening the scientific basis for the management of the Southern Ocean and the Antarctic Region.
Wednesday, February 25th 2015 - 16:41 UTC
The easy oil is gone so where do we look now?

In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5% a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.
Wednesday, February 25th 2015 - 05:37 UTC
Cristina Fernandez secluded to prepare her last 'State of the Nation' speech

Argentine president Cristina Fernandez flew on Tuesday evening to Rio Gallegos, where according to the presidential agenda she will visit the mausoleum built by her to the memory of her late husband and former president Nestor Kirchner.
Wednesday, February 25th 2015 - 05:27 UTC
Argentina will appeal on Thursday Judge Griesa's 'contempt of court'

The Argentine government will present on Thursday its appellant’s brief over the contempt of court ordered by New York Judge Thomas Griesa, the Economy Ministry has confirmed. Griesa had ruled Argentina in contempt of his orders due to working on a plan to shift control over payments of its restructured debt to Buenos Aires.
Wednesday, February 25th 2015 - 05:20 UTC
Teenager shot dead during protests further polarizes political climate in Venezuela

A teenager was killed during a protest on Tuesday in the western city of San Cristobal, state officials said, as tensions rise in Venezuela amid an economic crisis and a government crackdown on the political opposition.
Wednesday, February 25th 2015 - 05:01 UTC
China prepared to help Argentina recover its air force with new fighter jets

China has agreed to supply Argentina with new fighter jets that will replace its aging fleet of single-engine Dassault Mirage planes. Defense experts said two types of China-developed fighters are likely candidates: the Chengdu Aircraft Corporation-built FC-1/JF-17 and the J-10, according to a report from Chinatopix.
Wednesday, February 25th 2015 - 04:38 UTC
German court rules against Argentina on bonds' interest payments

Argentina lost a ruling at Germany’s top civil court over interest payments on bonds it sold to investors in the European country that don’t have terms that allow for restructuring by a majority vote of creditors, according to a report from Bloomberg at Karlsruhe.
Wednesday, February 25th 2015 - 04:33 UTC
HSBC reports 17% fall in annual pretax profit; 3.7bn provision for settlements and fines

HSBC reported a 17% fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank. Results from Europe's biggest bank reflected the cost of past misconduct and of protecting itself against the impact of further scandals.
Wednesday, February 25th 2015 - 04:23 UTC
HSBC singles Brazil, Mexico and U.S. as 'problem areas': 12/24 months to prove their worth

HSBC singled out three large markets in the Americas, Brazil, Mexico and the U.S., as problem areas in which its businesses need to shape up or face restructuring, including possible asset sales. “We're talking of 12 to 24 months”.
Wednesday, February 25th 2015 - 04:07 UTC
Falklands' war zone coverage controversy rages in US media; Fox to the rescue of O'Reilly

Controversy over the coverage by US reporters of the 1982 Falklands conflict continues to rage in US media, since Fox News top star Bill O'Reilly admitted that at the time, working for CBS News, he was based in Buenos Aires, far from the 'war zone' as he had characterized his task.