Stories for 13th 2015

Wednesday, September 9th 2015 - 12:06 UTC
The default next move for oil is downwards, and here's way

By Martin Tillier of Oilprice.com - As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can profit from that knowledge
Wednesday, September 9th 2015 - 08:23 UTC
Germany willing to take half a million refugees annually over several years

Germany said it could take half a million refugees annually over several years as Greek islands struggled on Tuesday to process a huge backlog of migrants desperate to travel to western Europe. Reflecting deepening concern, the European Union's president warned the EU faced a years-long refugee crisis, while the UN urged countries worldwide to help tackle the problem.
Wednesday, September 9th 2015 - 08:10 UTC
No end to Brazil's bad news: two consecutive years of recession ahead

Analysts expect Brazil's economy to contract by 2.44% this year, marking the worst performance since 1990, and inflation will hit 9.29%, the Central Bank said Tuesday. The latest figures represent a downward revision from last week, when analysts expected Latin America's largest economy to contract by 2.26% and inflation to come in at 9.28%.
Wednesday, September 9th 2015 - 07:45 UTC
World Bank calls on the Fed to delay raising rates fearing 'panic and turmoil' in emerging markets

The international economics establishment has stepped up pressure on the Federal Reserve to delay raising interest rates, with the World Bank the latest institution to warn that the US central bank risks sparking “panic and turmoil” in emerging markets if it increases rates next week.
Wednesday, September 9th 2015 - 07:29 UTC
Paraguay refuses to acknowledge US$ 85m debt from dictator's time

Paraguay’s three branches of government agreed on Monday that Asuncion bears no obligation to repay $85 million borrowed by a representative of the late Gen. Alfredo Stroessner during the waning years of the 1954-1989 military regime.
Wednesday, September 9th 2015 - 07:18 UTC
Guatemala former president to face prosecution for a customs fraud scandal

Former Guatemalan President Otto Perez Molina will face prosecution for his alleged role in a customs fraud scandal that has rocked the country for months, a federal judge announced on Tuesday. The decision comes just days after Perez Molina resigned from office amid growing national outrage over corruption in the government.
Wednesday, September 9th 2015 - 07:00 UTC
New evidence questions claims that Argentine prosecutor Nisman committed suicide

Another conflicting result has surfaced in the ongoing investigation into Argentine prosecutor Alberto Nisman's death, which remains an unsolved mystery of eight months with opinions divided as to whether he was killed or committed suicide.
Wednesday, September 9th 2015 - 06:31 UTC
Don't Be Fooled by Dialogue -- Argentina Only Wants One Answer to 'the Falklands Question'

By Jan Cheek (*) (*) - On Friday 4th, Ms Cecilia Nahón, Argentina Ambassador to the United States, wrote an article for the Huffington Post, titled 'Malvinas: All Argentina Is Saying Is Give Dialogue A Chance.'
Wednesday, September 9th 2015 - 06:25 UTC
Royal Mint has issued a special £20 coin to celebrate Queen Elizabeth 62 years in power

As of 9 September 2015 Queen Elizabeth II will be the longest reigning monarch in British history, surpassing the reign of Queen Victoria. The Queen's coronation took place in 1953 which means 2015 marks her 62nd year in power.
Tuesday, September 8th 2015 - 08:54 UTC
Brazil confident it can stand 'first period of volatility' if Fed raises rates

Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves.