Economy

• Tuesday, August 27th 2013 - 01:13 UTC

  Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

  

  Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

• Monday, August 26th 2013 - 03:10 UTC

  Royal Bank of Canada raid incident in Uruguay continues to be controversial

  

  Uruguay’s Deputy Economy minister Alejandro Antonelli denied any ‘short-circuits’ in the government regarding the Royal Bank of Canada’s raid incident, just a ‘matter of differences’, but insisted that the whole issue is positive for Uruguay since it shows the country’s commitment in combating money laundering and other possible financial crimes.

• Monday, August 26th 2013 - 03:01 UTC

  Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

  

  Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.

• Monday, August 26th 2013 - 02:49 UTC

  Some 60% of Argentine children in urban areas suffer deficit of basic rights

  

  Almost 60%, more precisely, 59.1%, of Argentine children in urban areas suffer lack of coverage in their basic rights, according to a release from the Argentine Catholic University referred to infancy rights and included in the latest Social Debt Barometer report.

• Monday, August 26th 2013 - 02:38 UTC

  Germany top of the class in budget surplus and sustained economic growth

  

  Official figures show Germany's budget surplus rose to 0.6% of GDP in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn Euros in taxes, 3.8% more than a year ago thanks to its steady employment rate. The German Federal Statistical Office, Destatis, said the surplus was 8.5bn Euros in the period between January and June.

• Monday, August 26th 2013 - 02:22 UTC

  Brazil's current account deficit doubles in July from a year ago

  

  Brazil's current account deficit more than doubled in July from a year ago, according to the latest Central bank data. The gap reached 9.08 billion dollars in July, while a year ago the deficit was 3.75bn dollars.

• Saturday, August 24th 2013 - 18:28 UTC

  Gibraltar criticizes latest incident at artificial reef; Picardo opens window for talks

  

  Gibraltar has strongly criticised Spanish police for sending divers to inspect an artificial reef in waters claimed by the British territory. Governor Sir Adrian Johns said the action constituted a serious violation of UK sovereignty over Gibraltar.

• Friday, August 23rd 2013 - 23:22 UTC

  Falklands reviewing tax returns from oil industry but confident ‘an acceptable outcome can be reached’

  

  The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.

• Friday, August 23rd 2013 - 23:18 UTC

  Falklands’ lawmaker begins round of contacts in Brazil’s main cities

  

  Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.

• Friday, August 23rd 2013 - 23:15 UTC

  “Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

  

  Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.