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

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

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'

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

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

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

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

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 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.