Stories for 2015

Wednesday, October 14th 2015 - 11:40 UTC
US hedge fund threatens to sue Peru on defaulted bonds from 1980s

A US hedge fund has threatened to sue Peru over bonds issued by the country's former military regime. Connecticut-based hedge fund Gramercy purchased the defaulted debt at a discount in 2008 after other bondholders failed to reach a deal.
Wednesday, October 14th 2015 - 11:00 UTC
Global banks warn net outflows from emerging markets close to $800 billion

After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.
Wednesday, October 14th 2015 - 10:54 UTC
Media leaks have conservative cardinals bitter about little influence in Vatican's family affairs synod

A gathering of world Roman Catholic bishops was thrown into confusion this week with the leak of a letter from conservative cardinals to Pope Francis bitterly complaining that the meeting was stacked against them.
Wednesday, October 14th 2015 - 10:49 UTC
$100bn marriage to concentrate one third of the world's beer brewers

The world's top two brewers, Anheuser-Busch InBev and SABMiller, have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion.
Wednesday, October 14th 2015 - 10:25 UTC
Falkland Islands: ”Best Destination for Wildlife and Nature”

Breaking news from the Falkland Islands Tourist Board office in London. Tony Mason, Director of International communications has announced the Falkland Islands has WON the award for the second year in a row for “Best Destination for Wildlife and Nature” in the Selling Travel Magazines, “Agents Choice Awards.”
Wednesday, October 14th 2015 - 08:01 UTC
China to the rescue of cash strapped Petrobras with $2bn for a 10-year lease of two platforms

Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.
Wednesday, October 14th 2015 - 07:37 UTC
Brazil's Supreme Court gives Rousseff a break in her battle to avoid impeachment

Brazilian President Dilma Rousseff won a temporary reprieve on Tuesday from threatened impeachment thanks to a Supreme Court intervention and her principal opponent's decision to hold off for now on opening proceedings.
Wednesday, October 14th 2015 - 07:26 UTC
Macri believes an anti-Kirchner front would have doomed his runoff chances

Argentine presidential candidate Mauricio Macri who is running second in opinion polls, defended not having reached an agreement with the Renewal Front's Sergio Massa, (third in the polls) because otherwise incumbent Daniel Scioli would have reached 45% of vote intention which seals any chance of a runoff a month later.
Wednesday, October 14th 2015 - 07:10 UTC
If Scioli is Argentina' next president he should have a strong support in Congress

Next October 25 Argentines will be voting for a new president but also to renew half of all seats (257) in the Lower House and one third of seats in the Senate. This means that more than fifty percent of the 130 seats available currently belonging to the ruling Victory Front (FpV) of Cristina Fernandez as the “first minority” within the legislature, will be disputed.
Wednesday, October 14th 2015 - 06:46 UTC
Falklands: Argentina declares Italy's Edison oil activities 'illegal' and 'clandestine'

The oil and gas operations being undertaken by Italy's Edison International S.p.A. on “the Argentine continental shelf” near the disputed Falkland Islands are “illegal” and “clandestine,” the Argentine Energy Ministry said Tuesday.