Stories for 13th 2015

Tuesday, November 24th 2015 - 12:21 UTC
Macri will announce his economic team and measures once he has access to official data

In his first press conference as Argentine president-elect, Mauricio Macri announced on Monday he would not have a Secretary of Economy but rather an economic cabinet with six members, and anticipated that the team that will be taking office with him, as well as those in the province of Buenos Aires, “will include many officials which do not come from the political system”.
Tuesday, November 24th 2015 - 11:47 UTC
Argentine election: the Kirchners' Falklands policy has backfired spectacularly

By Dr Alasdair Pinkerton - For the first time in 12 years, the new occupant of the Casa Rosada, the presidential palace in Buenos Aires, will no longer bear the surname Kirchner.
Tuesday, November 24th 2015 - 11:29 UTC
Venezuelan military involved in cocaine transport, claims New York Attorney Office

The latest developments in the drug trafficking case with relatives of Venezuela’s first lady Cilia Flores indicate that the Venezuelan military is involved in transporting cocaine to Haiti for trans-shipment into the US.
Tuesday, November 24th 2015 - 10:24 UTC
China prepared to intensify strategic partnership with Argentina

China congratulated Mauricio Macri on Monday for winning Argentina's presidential election and underlined the comprehensive strategic partnership.
Tuesday, November 24th 2015 - 10:13 UTC
Washington promises to cooperate closely with elected president Macri

United States State Secretary John Kerry congratulated on Monday newly elected president of Argentina Mauricio Macri saying Washington will cooperate “closely” with the administration that will take office on December 10.
Monday, November 23rd 2015 - 10:42 UTC
Unfair to claim China sparked a 'currency war', argues India's central bank

”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP.
Monday, November 23rd 2015 - 09:39 UTC
China's Yuan to be included in IMF's SDR basket of currencies

The inclusion of the Chinese currency in the International Monetary Fund's special drawing rights (SDR) basket is long awaited, long overdue and, finally, all but a foregone conclusion.
Monday, November 23rd 2015 - 08:46 UTC
China cracks on 'underground banks' to combat corruption and capital outflows

China said it cracked the nation’s biggest “underground bank,” which handled 410 billion Yuan (USD64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year.
Monday, November 23rd 2015 - 08:42 UTC
Brazil job losses accelerated during October; 1.4 million in twelve months

Job losses in Brazil accelerated in October to the fastest pace so far this year as the country's political and economic crisis continues to worsen. Brazil's economy lost a net 169,131 payroll jobs in October, the Labor Ministry reported, up from 95,602 layoffs in September.
Monday, November 23rd 2015 - 08:31 UTC
Most of FIFA's 209 member associations secretive about their finances says TI

A new report from Transparency International says most of FIFA’s 209 member associations publish little or no information about how they spend millions of dollars from world football’s governing body. Highlighting the potential for corruption, the study into the governance structures of the federations questions what the FAs do with the more than $1m they each received from FIFA in 2014.