Stories for October 2015

Tuesday, October 6th 2015 - 08:11 UTC
Brazil's GDP expected to contract 2.85% this year, says central bank survey

Economists again cut their outlook for Brazil's economic performance for this year, as consumer and business confidence continue at historic low levels. Brazil's GDP is expected to contract 2.85% this year, according to a weekly central-bank survey of 100 economists, compared with expectations last week for a contraction of 2.80%.
Tuesday, October 6th 2015 - 07:54 UTC
UK announces retail sale of £2 billion worth of shares in Lloyds Banking Group

The British government said on Monday it plans to sell at least £2 billion ($3.04 billion) worth of shares in Lloyds Banking Group PLC to the general public at a discount next spring as part of a broader move to cash out its stake in the bailed-out lender.
Tuesday, October 6th 2015 - 07:40 UTC
Latin America forecasted to contract 0.3% this year and 0.7% growth in 2016

The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, forecasted a downward trend in the region’s economic activity for 2015 to -0.3% from 0.5%, and estimates that for 2016 growth will be close to 0.7%.
Tuesday, October 6th 2015 - 07:28 UTC
Victory for Argentina in its ongoing battle with speculative funds

The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.
Tuesday, October 6th 2015 - 07:19 UTC
Argentina cancels $5.9bn Boden 2015 bond and issues new debt for $500m

Argentina's central bank on Monday afternoon confirmed the 5.9 billion dollar payment Argentina was due to make ended successfully, adding “the level of reserves is enough for the execution of our exchange policy.”
Monday, October 5th 2015 - 23:20 UTC
Agricultural expansion main factor of Brazil's deforestation and it's expanding

Agricultural expansion is the chief contributing factor to the deforestation of Brazilian ecosystems and has accelerated in recent years, according to an official study released last week.
Monday, October 5th 2015 - 19:23 UTC
Falklands' veteran Simon Weston launches book on “My Life; My Story”

A Falklands' war veteran who survived the bombing of his ship when most of those on board were killed takes to the stage to tell the story of his life. In “My Life; My Story”, which comes to East Grinstead's Chequer Mead on Friday, October 16, Simon Weston OBE, will share truths about the conflict, the day the RFA Sir Galahad was attacked and the impact the event and its consequences have had since.
Monday, October 5th 2015 - 08:29 UTC
Gibraltar calls for UK to remain in the EU: “it needs to be fixed, not thrown away”

The European Union needs to be ‘fixed, not thrown away’, Gibraltar Chief Minister Fabian Picardo has said in a letter to The Times. The letter follows news that Nigel Lawson is to lead the Conservative movement to leave the EU and Mr. Picardo told the newspaper that those whose best future lies in remaining in a secure Europe “need to speak up”.
Monday, October 5th 2015 - 08:16 UTC
St Helena airport certification exercises planned for this month and November

British Overseas Territory St Helena is closer to the official opening of its airport following a series of calibration flights by the first aircraft to successfully land and takeoff from the mid Atlantic island.
Monday, October 5th 2015 - 07:35 UTC
“Hands off, Tories will never sell out the Falklands”:Hammond's message to Cristina Fernandez

UK Foreign Secretary Philip Hammond has issued a firm hands-off warning to Argentina by insisting the government will “never sell out” the Falkland Islands. The Foreign Secretary insisted the “bullying and harassment” against the Islanders must stop, adding it is counter-productive and “shameful”.