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Montevideo, September 21st 2023 - 10:28 UTC

Stories for July 13th 2016

  • Wednesday, July 13th 2016 - 07:04 UTC

    Argentines hold at least 232.5bn dollars overseas, according to stats office Indec

    Finance minister Alfonso Prat Gay said that there's “no official estimate” of how much money can take advantage of the bill, because it involves “hidden funds”

    Argentines held 232.5 billion dollars overseas in 2015, almost 10bn dollars over the previous year, according to the latest report from the country's official Indec stats office. The report, “International Investment position” is a financial balance account of Argentina with the rest of the world and records the market value of Argentine residents external assets and liabilities.

  • Wednesday, July 13th 2016 - 06:58 UTC

    G20 trade ministers Shanghai meeting question China's industries overcapacity

     “We agree that we need to do more to achieve our common objectives for global growth, stability and prosperity.” said China’s Commerce Minister Gao Hucheng

    In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng announced at the closing of the Group of 20, G20, meeting in Shanghai.

  • Wednesday, July 13th 2016 - 06:30 UTC

    HSBC 2012 money laundering was so great that if charged it could have led to 'a global financial disaster'

    The bank, which has its headquarters in London, paid a US$1.92bn settlement but did not face criminal charges . No top officials at HSBC faced any charges.

    United States officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a “global financial disaster”, a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil.

  • Wednesday, July 13th 2016 - 05:11 UTC

    Mercosur asks Venezuela for 'democratic and human rights gestures' before transferring the group's chair

    “Let political prisoners free, show a commitment to democratic values and human rights, otherwise there will be no consensus”, Loizaga said in Asunción

    Mercosur members are requesting from Venezuela concrete gestures in favor of democracy and human rights if they are to consider the transfer of the group's pro tempore chair from Uruguay to Caracas, pointed out Paraguayan foreign minister Eladio Loizaga a day after the group was unable to reach a consensus on the issue that has become particularly controversial when not frustrating.

  • Wednesday, July 13th 2016 - 03:34 UTC

    Gibraltar lobbying for full involvement in mapping UK's exit from European Union

    Minister for Europe David Lidington, Gibraltar Chief minister Picardo and officials from other UK government departments met at 10 Downing Street

    A team from Gibraltar is making the round of British government offices, parliament, friends and supporters to ensure the Rock has a full input into the process triggered by Brexit. Chief Minister Fabian Picardo and the Deputy Chief Minister Dr Joseph Garcia have met with Conservative and Labour lawmakers and this week visited Downing Street to talk with the UK Government team mapping out the way forward following the result of the Referendum of 23rd June.

  • Wednesday, July 13th 2016 - 02:30 UTC

    Beijing rejects adverse international ruling on South China Sea islands and maritime space

    President Xi Jinping said China's “territorial sovereignty and marine rights” in the seas would not be affected by the ruling “in any way”

    China has firmly rejected an international tribunal ruling that its claims to rights in the South China Sea have no legal basis. President Xi Jinping said China's “territorial sovereignty and marine rights” in the seas would not be affected by the ruling “in any way”, however he added that Beijing was still “committed to resolving disputes” with its neighbors.

  • Wednesday, July 13th 2016 - 01:57 UTC

    Downing Street legend welcomes Theresa and says good bye to the Camerons

    “Larry is staying. He's very much the Downing Street cat, not the Camerons' personal cat,” Cabinet Office spokesman Benjamin Oliver said

    Britain's new leader Theresa May will move into her official residence at 10 Downing Street Wednesday as Prime Minister David Cameron moves out, but one member of his team is staying put: Larry the cat. The brown and white tabby is deemed to be a government worker and will continue to live at the famous address even after his boss packs his bags, officials said.

  • Wednesday, July 13th 2016 - 01:31 UTC

    Argentina and Brazil situations take a toll on Uruguay's 2015/16 cruise season

     The season which extended from November 2015 to April 2016, recorded 56 calls in the Punta del Este sea resort and 105 in Montevideo.

    The number of vessel calls dropped 6.4% and passengers landed 4.1%, during the last 2015/2016 cruise season compared to 2041/2015, according to the final report from Uruguay's Tourism ministry. The number of passenger and crew landed in Montevideo and Punta del Este reached 319.000 having spent an estimate 11.1 million dollars.