Economy

• Thursday, July 10th 2014 - 21:48 UTC

  Fed will end asset purchases in October, but no decision yet on interest rates

  

  The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

• Wednesday, July 9th 2014 - 08:21 UTC

  Kicillof blasts holdouts: “they never negotiated or lent money to Argentina”

  

  Argentine Economy minister Axel Kicillof responded fiercely to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to Argentina.

• Wednesday, July 9th 2014 - 08:14 UTC

  Mediator Pollack will receive Argentine delegation Friday in follow up meeting

  

  Argentina confirmed on Tuesday that the delegation headed by Economy Minister Axel Kicillof will continue talks with mediation Daniel Pollack, next Friday in New York, a 'follow up' of Monday's first appointment.

• Wednesday, July 9th 2014 - 08:04 UTC

  Gibraltar with port fee and re-fuelling discounts to attract cruise business

  

  Neil Costa, Gibraltar Minister for Tourism, Commercial Affairs, Public Transport and the Port, has welcomed the introduction of new port fee discounts and said they will further enhance the competitiveness of the Port of Gibraltar.

• Wednesday, July 9th 2014 - 07:50 UTC

  Chile fisheries landings in five months total 1.6 million tons, up 24%

  

  Chile's accumulated fisheries landings during the first five months of the year totaled 1.6 million tons, up 24% from the five months of 2013, when 1.3 million tons were landed.

• Wednesday, July 9th 2014 - 07:42 UTC

  Paraguay with record soybean harvest, most of it for exporting

  

  Landlocked Paraguay has become the new 'soybean king' with a harvest of over 9 million tons, a new record, 13% compared to the previous crop, according to the figures released by the Paraguayan Chamber of Grains and Oilseeds Exporters, Capeco.

• Wednesday, July 9th 2014 - 07:35 UTC

  Clean-up process and 'zero tolerance' in Vatican bank plummets profits

  

  The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed on Tuesday.

• Wednesday, July 9th 2014 - 07:32 UTC

  Venezuela knocks on the door of international banks and promises to respect debt payments

  

  After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures.

• Tuesday, July 8th 2014 - 12:30 UTC

  IDB names Gustavo De Rosa Finance Manager and Chief Financial Officer

  

  The Inter-American Development Bank (IDB) announced the appointment of Gustavo De Rosa as Finance Manager and Chief Financial Officer, effective November 1, 2014.

• Tuesday, July 8th 2014 - 08:33 UTC

  EU holders of restructured Argentine bonds begin court actions in Belgium

  

  Holders of restructured Argentine bonds took to Belgian courts against Euroclear and the Bank of New York last week over their failure to pay out Argentina’s deposit, newspaper Tiempo Argentino (*) reported, citing court documents signed by the funds’ legal counsel.