Economy

Thursday, April 7th 2016 - 06:34 UTC
BOTs reaffirm self-governance and self-determination in reply to MP Corbyn's comments

British Overseas Territories said they hoped that the Labour Party and other parties in the UK Parliament will remain consistent in their support for the self-governance and self-determination of the people of the BOTs and their continued growth and development.
Wednesday, April 6th 2016 - 08:19 UTC
Ex Transport Secretary involves Nestor and Cristina Kirchner in purchase of out of service trains

Discouraging week for the Kirchner family and followers, despite the fact that he name of their main political enemy, Mauricio Macri, has cropped up in the Panama Papers. Not only Lazaro Baez, the dominant public works contractor in Santa Cruz province, and believed to be a straw man for the Kirchner family has been arrested and faces questioning on a money laundering investigation, but also former Transport Secretary Ricardo Jaime implicated the Kirchner couple and a former minister in a multimillion purchase of damaged railway materials.
Wednesday, April 6th 2016 - 08:03 UTC
Kirchnerite businessman arrested; faces charges of money laundering and fiscal fraud

An Argentine powerful public works contractor from the province of Santa Cruz and close associate of the Kirchner family, Lazaro Baez was arrested on Tuesday afternoon when he arrived in his private Lear Jet to a Buenos Aires airport. Considered one of the wealthiest men in the southern province, political turf of the Kirchner family, and with an 'unrivaled' talent for business, Baez is a main suspect of an investigation into alleged money laundering.
Wednesday, April 6th 2016 - 07:57 UTC
Obama on Panama Papers: “a lot of it is legal, but that's exactly the problem”

United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes “one of the most insidious tax loopholes out there.”
Wednesday, April 6th 2016 - 07:39 UTC
Labor leader Corbyn says UK should consider “direct rule” on overseas territories acting as tax havens

Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.
Tuesday, April 5th 2016 - 06:47 UTC
Argentina and Spain agree to re-launch closer political and trade relations

Argentina and Spain have decided to re-launch bilateral mechanisms that have been “asleep” for too long, promoting political and trade relations, said Argentine foreign minister Susana Malcorra who on Monday met with her visiting Spanish peer, Jose Manuel García/Margallo.
Tuesday, April 5th 2016 - 06:06 UTC
Macri admits he was member of family offshore society, but it was reported to the Argentina tax office

Argentine President Mauricio Macri came on stage on Monday to defend himself as he is one of the world leaders to appear as director of an offshore society in the so called “Panama Papers” leak that triggered a worldwide scandal.
Tuesday, April 5th 2016 - 05:53 UTC
US looking for evidence of corruption and violation of US law in Panama Papers

The United Stated Department is reviewing the leaked documents from a Panamanian law firm that reveal the offshore financial arrangements of global politicians and public figures, a department spokesman said on Monday. The department is determining whether the documents point to evidence of corruption and other violations of US law.
Tuesday, April 5th 2016 - 05:47 UTC
Panama Papers: Brazil with 57 names including companies and politicians from all parties

Politicians from seven parties in Brazil were named as clients of a Panama-based firm at the center of a massive data leak over possible tax evasion, O Estado de S.Paulo said on Monday.
Monday, April 4th 2016 - 19:15 UTC
Magallanes region has the lowest unemployment rate in Chile, 1.8%

The unemployment rate in Magallanes extreme south region of Chile recorded 1.8% in the December-February quarter according to the country's Statistics Institute, INE, which compares favorably with 2.8% in the previous quarter and the national rate of 5.9%.