Economy

• Sunday, November 9th 2014 - 10:35 UTC

  Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

  

  Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.

• Sunday, November 9th 2014 - 10:19 UTC

  Bank of England expected to raise rates, gradually, after May general election

  

  Bank of England interest rates have been left on hold at 0.5% for another month amid fears that the pace of recovery in the UK economy is slowing. The BoE base rate has been at its current level for more than five years, with economists not expecting an increase until next summer.

• Sunday, November 9th 2014 - 10:13 UTC

  World's largest ship fuel supplier has filed for bankruptcy after alleged fraud

  

  The world's largest ship fuel supplier, OW Bunker, has filed for bankruptcy after alleged fraud. The company's troubles came to light earlier this week when it discovered suspected fraud by senior employees in a Singapore-based subsidiary.

• Sunday, November 9th 2014 - 10:01 UTC

  Mexico's cancels contract to build a high-speed passenger train link

  

  Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid “any doubts about the legitimacy and transparency” of the bidding process.

• Sunday, November 9th 2014 - 09:57 UTC

  US unemployment down to 5.8%, the lowest since July 2008

  

  The US economy added 214,000 jobs in October, while the unemployment rate has fallen to 5.8%, official Labor Department figures show. The number of jobs created is slightly below forecasts of about 230,000 new posts, but still indicates a healthy US jobs market.

• Saturday, November 8th 2014 - 11:13 UTC

  Aggressive promotions and solid leadership pays off for the Falkland Islands!

  

  The Falkland Islands Tourist Board has been working hard to produce the highest standard of representation for the islands to date. Following a highly successful campaign over the past two and a half years of developing a higher awareness for the Falkland Islands through targeted and high level marketing, promotions and events, have pulled off the most successful of the years promotions.

• Saturday, November 8th 2014 - 10:12 UTC

  Brazilian central bank concerned about 'persistent inflation' reveal minute

  

  Brazil's Central Bank is concerned about inflation, now running at 6.75%, according to the minutes of last week meeting of the policy committee, released on Thursday.

• Saturday, November 8th 2014 - 09:37 UTC

  Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

  

  Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.

• Friday, November 7th 2014 - 23:08 UTC

  English court involved in Argentine bonds dispute with hedge funds

  

  A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.

• Friday, November 7th 2014 - 22:51 UTC

  Argentina targets yet another US company on alleged tax fraud

  

  US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits.