Economy

Thursday, December 31st 2015 - 07:50 UTC
Holdouts subpoena HSBC on Argentina's efforts to raise money abroad

Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday, as reported by Reuters.
Thursday, December 31st 2015 - 07:43 UTC
Global economic growth in 2016, “disappointing and patchy” forecasts Lagarde

Global economic growth will be “disappointing and patchy” in 2016, the head of the International Monetary Fund, Christine Lagarde, wrote in an article published in the German business daily Handelsblatt on Wednesday.
Wednesday, December 30th 2015 - 14:10 UTC
Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789

An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.
Wednesday, December 30th 2015 - 01:01 UTC
Reclaiming South Georgia from rats: a world leading project

Reclaiming South Georgia is the story of the SGHT Habitat Restoration Project fieldwork that took place on South Georgia in three phases (in 2011, 2013 and 2015). The latest edition of South Georgia Newsletter says that text and photographs tell the story of how this world-leading project baited every square inch of rodent-infested land on the island.
Wednesday, December 30th 2015 - 00:51 UTC
Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit

Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit.
Tuesday, December 29th 2015 - 23:56 UTC
Majority of Spaniards against a re-run of election; only 7% would change their vote says poll

Less than one third of Spaniards want a re-run of 20 December's election, which resulted in a stalemate, with two-thirds favoring a pact between parties, a poll showed. Just 7% of those surveyed said they would change their votes in a fresh election, while 87.1% said they would vote the same way.
Tuesday, December 29th 2015 - 21:54 UTC
Environmental groups blame massive deforestation for floods in Mercosur members

Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.
Tuesday, December 29th 2015 - 07:46 UTC
New five-year strategy for South Georgia emphasizes environment management

The new five-year Strategy for South Georgia & the South Sandwich Islands 2016-2020 was published on 27th November. The Strategy sets out an ambitious agenda to deliver the highest standards of environmental stewardship and governance for the British Overseas Territory, according to the latest South Georgia Newsletter.
Monday, December 28th 2015 - 08:38 UTC
Argentine central bank building reserves: much depends on farmers and bankers

This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales.
Monday, December 28th 2015 - 07:59 UTC
UK largest banks paid no corporation tax in 2014, by offsetting past losses

Five of the largest banks in the UK paid no corporation tax in 2014, despite making billions of pounds in profits, analysis by Reuters has shown. JP Morgan, Bank of America Merrill Lynch, Deutsche Bank, Nomura Holdings and Morgan Stanley paid no corporation tax at all, the news agency said. The banks offset past losses against their taxable income for 2013-14.