Stories for October 23rd 2015

Friday, October 23rd 2015 - 08:39 UTC
Judge Griesa rules in favor of 'me too' Argentine bond holders suing for full payment

U.S. judge ruled on Thursday that holders of $234 million in defaulted Argentine bonds suing for full payment had been treated unequally to creditors who had participated in the country's past restructurings.
Friday, October 23rd 2015 - 08:35 UTC
Concerns over Euro low inflation; ECB plans to re-examine stimulus program

The European Central Bank (ECB) says it will “re-examine” its €1.1 trillion quantitative easing (QE) stimulus program at its December meeting. It has embarked on a scheme of bond purchases at €60bn per month designed to bring Euro zone inflation back up.
Friday, October 23rd 2015 - 08:30 UTC
Rousseff admits massive budget deficit this year; estimates are of 9% of GDP

Brazil has given up on its goal of seeking a primary budget surplus this year and instead will record a massive shortfall as a deepening economic and political crisis drags on revenues, presidential chief of staff Jaques Wagner said on Thursday. Brazil's overall budget deficit has soared to 9% of GDP, according to estimates.
Friday, October 23rd 2015 - 08:22 UTC
Dutch company and Brazil negotiating a $250m Petrobras bribery settlement

Brazil told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oil-ship market, according to media reports from Brasilia and Sao Paulo.
Friday, October 23rd 2015 - 08:01 UTC
Falklands contract seasonal foreign workers to boost dwindling local force

A group of road workers are expected to start arriving in the Falklands Islands in early December to boost the dwindling local force. Falklands' Director of Public Works Colin Summers said that efforts to obtain agency workers were progressing well with up to nine workers sourced to be split between the FIG Highways Section and the Quarry.
Friday, October 23rd 2015 - 07:53 UTC
Macri will continue as leader of PRO party whatever Sunday's election outcome

Mauricio Macri, Argentina's presidential candidate of the Let’s Change (Cambiemos) opposition coalition said he will continue leading the PRO party whatever the outcome of Sunday’s elections is.
Friday, October 23rd 2015 - 07:36 UTC
“We will maintain our Malvinas claim, but relations with UK should be broadened”

Argentina's presidential candidate Mauricio Macri’s top foreign policy adviser Fulvio Pompeo told British newspaper The Telegraph Argentina will take a less aggressive stance over the Malvinas Islands conflict if the Let’s Change candidate wins Sunday general elections.
Friday, October 23rd 2015 - 07:26 UTC
Malvinas Islands' claim: Tierra del Fuego is 'absolutely strategic”

Tierra del Fuego is 'absolutely strategic“ for Argentina's foreign policy because of the Malvinas Islands claim question, integration with Chile and the current process of re-industrialization, according to the country's Deputy foreign minister Eduardo Zuain who this week visited Ushuaia to coordinate actions beginning ”next December” when the elected governor Rosana Bertone takes office.
Friday, October 23rd 2015 - 07:02 UTC
Cristina Fernandez is falling back, but with great power and plans to return in 2019, says Fraga

President Cristina Fernandez is falling back ahead of Sunday's election, but with great power, and she has the intention of returning to office in the next presidential elections, 2019, said the political analyst and columnist Rosendo Fraga regarding the current political scenario in Argentina. On Sunday Argentines will be electing president, half the Lower House a third of Senate seats, governorships and for the first time Mercosur parliament representatives.