Stories for August 13th 2015

Thursday, August 13th 2015 - 07:40 UTC
The Economist group strengthens independence through share buy-back

The Economist Group announced on 12 August 2015 that it will buy back 5.04m ordinary shares (20% of total share capital) from Pearson plc for £182m. Pearson’s remaining shares in the Group will be acquired by Exor for £287m, including all of its 1.26m B shares and 6.3m ordinary shares (30% of total share capital).<br />
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Thursday, August 13th 2015 - 07:32 UTC
Rousseff gets an extra 15 days to explain she did not doctor public accounts

President Dilma Rousseff got an extra 15 days on Wednesday to respond to allegations that she doctored public accounts last year, delaying a decision by a court that could pave the way for the populist leader's impeachment.
Thursday, August 13th 2015 - 07:05 UTC
Rain and floods in Buenos Aires province become a political challenge

Over 20.000 people are estimated to have been evacuated or suffering flooding because of continued rains in Buenos Aires province where a wind alert for the River Plate area and coastal zones is hampering draining possibilities, a situation which started last week and is expected to last until Sunday.
Thursday, August 13th 2015 - 07:00 UTC
Argentine minister's daughter, 26, board member of main development bank

Maria Delfina Rossi, the daughter of Argentina's Defense Minister Agustin Rossi, has been appointed to head the Banco Nacion following a resolution signed by President Cristina Fernandez.
Thursday, August 13th 2015 - 06:45 UTC
Griesa sanctions Argentina for not turning in information on assets

New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.
Thursday, August 13th 2015 - 06:17 UTC
For third consecutive day China weakens the Yuan against the US dollar

The People's Bank of China (PBoC) weakened the Yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency's sharp slide late on Wednesday. The PBoC set the Yuan fixing at 6.4010, compared to the previous day's close of 6.3870, sending the currency 0.7% lower to 6.43 per dollar in early trade.
Thursday, August 13th 2015 - 03:40 UTC
Political accord in Brazil to implement 27 market-friendly measures

President Dilma Rousseff and leading Brazilian senators are preparing a joint set of major reforms that seek to introduce an agenda of market-friendly proposals, in a move one senior official says is an effort to counter a revolt by lawmakers in the Lower House.
Thursday, August 13th 2015 - 03:37 UTC
Mercosur's Paraguay meeting to iron out proposal to present to Europe

Technical teams from Mercosur country members are scheduled to meet next Tuesday in Paraguay to iron out the final proposal to be presented by the group to the European Union for the long delayed trade and cooperation agreement. The meeting in Asunción will be headed by Rigoberto Gauto, who is currently the Mercosur coordinator since Paraguay holds this half year the rotating chair.
Thursday, August 13th 2015 - 03:11 UTC
Falkland Islands: Shackleton Fund delivers £10,700 in research scholarships

The Shackleton Scholarship Fund, closely linked to the Falkland Islands, has announced their academic awards for 2015. Scholars come from a variety of countries, ranging from Germany to Australia, and the topics chosen are all from the natural sciences.