International

Monday, May 11th 2015 - 10:08 UTC
China's cuts interest rates to reduce cost of borrowing and boost the economy

China's central bank announced Sunday it would cut interest rates by 25 basis points as authorities seek to boost the flagging economy following a raft of data indicating a slowdown. The benchmark one-year lending rate would be reduced to 5.1% and the deposit rate to 2.25% from Monday, the People's Bank of China (PBoC) said on its website.
Saturday, May 9th 2015 - 09:57 UTC
Argentina will file complaints against speculative funds in Belgium

Economy Minister Axel Kicillof confirmed the Argentine government will be filing a complaint against speculative or 'vulture' funds for seeking to seize the accounts of the Argentine embassy in Belgium, and the Argentine mission before the EU in Brussels, adding hedge funds are the most “despicable and repugnant” of the world financial system.
Saturday, May 9th 2015 - 09:23 UTC
PM Cameron confirms economic policy: names Osborne first secretary of state

Prime Minister David Cameron reappointed George Osborne as his finance minister on Friday and gave him a bigger cabinet role after Britain's economic recovery helped their party to an unexpectedly big election victory.
Saturday, May 9th 2015 - 09:06 UTC
Tory majority government, but looking to Scottish independentists' landslide

Prime Minister David Cameron's Conservatives won a stunning victory in Britain's election on Friday, which cut short the careers of his top three rivals and put the country's European Union future in doubt.
Friday, May 8th 2015 - 18:34 UTC
David vs. Goliath: small-cap tech to save giant coal

The United States Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.
Friday, May 8th 2015 - 10:54 UTC
China superpower? It relies on imports for energy, iron and...water (for food)

Among the mountain of statistics produced by China every year, there is one impossible to ignore: according to the Ministry of Land and Resources 61.5% of China's ground water is too dangerous even to touch, which means that along with being unsuitable for agriculture or drinking this water is unfit for any human contact.
Friday, May 8th 2015 - 08:21 UTC
IAATO agrees to ban recreational use of UAVs in Antarctica’s coastal areas

International Association of Antarctica Tour Operators (IAATO) members have agreed that, for the 2015-16 season, they will not allow the recreational use of Unmanned Aerial Vehicles (UAVs) in the unique, and often wildlife rich, coastal areas of Antarctica.
Friday, May 8th 2015 - 08:13 UTC
Fed warns stock market levels present 'potential dangers', but sees “no bubbles forming”

The chair of the US Federal Reserve, Janet Yellen, has warned stock market levels present “potential dangers”, insisting current valuations, which have seen key US and UK indicators reach record levels, were “quite high”. However she did not see 'any bubbles forming'.
Friday, May 8th 2015 - 07:37 UTC
Argentina denies as 'inexact' any embargo on embassy bank funds in Belgium

The Argentine government in a late release on Thursday strongly denied an 'inexact information' related to alleged embargos by speculative funds (or vulture funds) on bank accounts from the Argentine embassy and its staff, in Belgium, and said that the attempts to freeze 'embassy funds' are but a new extortion attempt and a clear procedure abuse which could be sanctioned by Belgian tribunals.
Friday, May 8th 2015 - 06:59 UTC
Conservatives on course to a major victory, as SNP wipes out Labor in Scotland

The Conservatives are on course to be the largest party with David Cameron hopeful of gaining a majority in the UK general election. Labor faces being wiped out by the SNP in Scotland and is failing to make the gains it needs in England to stand a chance of forming a government.