Stories for September 2015

Saturday, September 12th 2015 - 09:59 UTC
UK offshore oil sector lost 65.000 jobs; industry's challenge: taking a barrel's operational cost to £15

The contraction of Britain's offshore oil sector has already stripped out 65,000 jobs, according to a new report. The calculation of a 15% drop since the start of last year came from the annual economic impact report of trade body Oil and Gas UK.
Saturday, September 12th 2015 - 09:51 UTC
Germany warns global economy faces financial bubble: too much central banks stimuli

The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.
Saturday, September 12th 2015 - 09:44 UTC
Seventh meeting of Cristina Fernandez and Francis, this time in Cuba

Argentine president Cristina Fernández has formally accepted an invitation by her Cuban counterpart Raul Castro to attend a mass Pope Francis will deliver in the Plaza de La Revolucion in Havana on September 20.
Friday, September 11th 2015 - 10:34 UTC
Fed's rate decision next week: conflicting positions between US voters and EM central bankers

As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of US voters surveyed want central bankers to refrain from boosting short-term interest rates, and to instead concentrate on using monetary policy to further boost the job market.
Friday, September 11th 2015 - 10:24 UTC
Murdoch's Fox takes control of National Geographic Society for US$ 725m

The National Geographic Society sold its iconic yellow-bordered magazine and other media assets to Rupert Murdoch's 21st Century Fox for $725 million, the companies announced Wednesday. National Geographic Society, which found the magazine in 1888, has chosen to sell the publication amid slumping circulation and advertising sales.
Friday, September 11th 2015 - 10:14 UTC
Ecuador's Correa orders dissolution of freedom of expression organization

Fundamedios, an Ecuadorian organization that defends freedom of expression, is now the one in need of defense, as it faces state-mandated closure. On Tuesday, September 8, its directors reported that they had received a letter from the National Communications Secretariat (Secom), which informed them of the beginning “of the dissolution process” against the institution.
Friday, September 11th 2015 - 09:58 UTC
FAO's August Food Price Index at its lowest in almost seven years

International food commodity prices continued to decline in August as ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to the sharpest fall of the FAO Food Price Index in almost seven years.
Friday, September 11th 2015 - 09:41 UTC
Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.
Friday, September 11th 2015 - 09:33 UTC
Cristina Fernandez wants Argentina in BRICS and asks Lula da Silva to act as the lobbyist

President Cristina Fernández called on Brazil’s former president Lula da Silva to become Argentina’s “ambassador” to help it join the group of emerging countries known as BRICS, acronym for Brazil, Russia, India, China and South Africa. Lula is currently campaigning in support of incumbent presidential candidate Daniel Scioli, and the so called 'Kirchner' model that 'transformed Argentina'.
Friday, September 11th 2015 - 06:45 UTC
UN Assembly overwhelmingly supports Argentina in the sovereign debt debate

The United Nations General Assembly has approved a resolution put forward by Argentina regarding sovereign debt restructuring, which seeks to limit the movement of speculative funds in influencing such actions.