MercoPress. South Atlantic News Agency
Stories for December 12th 2015
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Saturday, December 12th 2015 - 07:11 UTC
Argentina's new administration package of economic measures next week
Argentine finance minister Alfonso Prat-Gay announced on Friday that next week levies on farm (grains and oilseeds) exports will be lowered, the half year bonus of wage earners if below 30.000 Argentine Pesos will be exempt from income tax, and the policy of “looked-after prices” at supermarkets will continue.
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Saturday, December 12th 2015 - 07:03 UTC
US crude futures trade at $35, lowest since February 2009; in one week price dropped 10%
United States crude futures fell sharply on Friday plunging below $36 a barrel for the first time in more than seven years, after a bearish report from the International Energy Agency projected that global energy markets will remain vastly oversupplied for at least the immediate near future.
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Saturday, December 12th 2015 - 06:56 UTC
Petrobras not selling any stake of its giant Libra offshore oil prospect
Petrobras, is not considering selling a 10% stake in its giant Libra offshore oil prospect at this time, Brazil's state-run oil company said on Friday. Petrobras was responding to a report on Tuesday that industry sources had been told by the company that the Libra stake was on offer.
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Saturday, December 12th 2015 - 04:18 UTC
“Mama Merkel” or Euro-zone “austerity priestess”, the German chancellor is Time's person of the year
Time magazine named German Chancellor Angela Merkel as its person of the year for 2015, hailing her leadership during debt and refugee crises that threatened to tear the European Union apart. In power for a decade at the helm of Europe's biggest economy, the world's most powerful woman beat runners-up, the leader of the Islamic State extremist group and Donald Trump as Time's dominant personality of the year.
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Saturday, December 12th 2015 - 04:09 UTC
Infantino will lead UEFA's Euro 2016 draw in Paris; Platini's 90 day ban stands
Michel Platini cannot take part in UEFA’s Euro 2016 draw in Paris on Saturday after losing his appeal against a 90-day FIFA ban at the Court of Arbitration for Sport (CAS). The decision Friday means he also won’t be able to participate in the UEFA Executive Committee meeting before the draw.
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Saturday, December 12th 2015 - 02:55 UTC
All presidents confirmed attendance of Mercosur summit, including Macri and Maduro
The presidents of Mercosur member-countries have confirmed attendance to the group's summit scheduled for next 21 December and hosted by Paraguay, the country that currently holds the rotating chair, according to diplomatic sources in Asuncion.
