Stories for 13th 2015

Saturday, June 6th 2015 - 08:11 UTC
OPEC holds production at 30 million bpd; markets react with volatility

Crude oil prices were volatile after ministers from the Opec cartel decided to hold production levels at 30 million barrels per day. Brent crude traded in a narrow range around $62 a barrel, before ending the day up 1.8% at $63.15.
Saturday, June 6th 2015 - 08:00 UTC
Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.
Saturday, June 6th 2015 - 07:48 UTC
Colombian congress bars presidential re-election; 70% of public opinion supports decision

Colombia’s Congress has voted to bar presidents from seeking re-election, a move backed by President Juan Manuel Santos that undoes a law passed by his predecessor and rival Alvaro Uribe. The decision also marks a difference with the ongoing Latin American trend of successive re-elections, when not unlimited.
Saturday, June 6th 2015 - 07:41 UTC
South Georgia and South Sandwich Islands coat of arms anniversary featured on new Crown coin

The Treasury of South Georgia & South Sandwich Islands have launched a crown coin which marks the 30th anniversary of the territory’s granting of a Coat of Arms by Royal Ascent. The Coat of Arms of South Georgia and South Sandwich Islands was granted in 1985, upon the formal creation of the territory.
Friday, June 5th 2015 - 21:47 UTC
Uruguay sacks ambassador over disagreements on Mercosur/EU trade policy

Uruguayan president Tabare Vazquez removed the country's ambassador before the European Union following comments on Mercosur/EU trade and cooperation negotiations which contradicted recent statements by foreign minister Rodolfo Nin Novoa regarding trade strategy and policy.
Friday, June 5th 2015 - 10:17 UTC
FAO's Food Price Index in May was down 20.7% from a year ago

Major food commodity prices declined again in May, hitting an almost six-year low as cereal prices fell substantially amid a favorable outlook for this year's harvests. The FAO Food Price Index averaged 166.8 points in May, down 1.4% from April and as much as 20.7% from a year earlier.
Friday, June 5th 2015 - 09:51 UTC
Nestle withdraws Maggi noodles from sale in India following 'lead content scare'

Food group Nestle has withdrawn Maggi noodles from sale in India due to “an environment of confusion for consumers”, following a food scare sparked by reports of excess lead in some packets of the popular instant snack.
Friday, June 5th 2015 - 09:23 UTC
The evolution of the oil weapon

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela and North Korea, but the majority of energy related sanctions passed have been targeted at Iran and Russia.
Friday, June 5th 2015 - 06:33 UTC
Falklands: Cristina Fernandez met Snowden in Moscow to talk about UK spying on Argentina, reveals BAH

President Cristina Fernandez met with former US National Security Agency (NSA) contractor Edward Snowden when she visited Moscow in April, according to the Buenos Aires Herald. Snowden became world famous when in 2013 when he revealed the extent of Washington’s global Internet and phone surveillance.
Friday, June 5th 2015 - 06:27 UTC
Colombia and FARC agree to name a “Clarification of the Truth Committee”

The Colombian government and FARC guerrillas said they plan to form a truth commission to investigate atrocities committed during the country's five-decade civil war. The agreement was announced on Thursday and will consist of an “independent and impartial” body as soon as a final peace deal is reached.