International

• Saturday, August 9th 2014 - 06:33 UTC

  Bank of England inflation forecast, next week could give an idea on future hike

  

  The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.

• Saturday, August 9th 2014 - 06:25 UTC

  Dragui 'pleased' with a weakened Euro exchange rate, which could decline further

  

  European Central Bank President Mario Dragui signaled he was pleased with the recent decline in the Euro's exchange rate and outlined a number of forces that may weaken it further, providing a potential boost to weak inflation in the region.

• Saturday, August 9th 2014 - 06:13 UTC

  UK grants Chile matching funds for program on scientific research and innovation

  

  The Newton-Picarte Fund for scientific research was officially launched in Chile on Thursday 31st July through the signing of the Memorandum of Understanding between the UK Government, represented by the British Ambassador Fiona Clouder, and the Chilean Ministry of Economy, Development and Tourism, represented by the Minister of Economy Luis Felipe Cespedes.

• Friday, August 8th 2014 - 08:06 UTC

  Falklands and 4.7m sq. km. of the South Atlantic, claimed by Argentina

  

  “Argentina has its eyes set on the South Atlantic, and that includes undoubtedly the full recovery of our sovereignty over the Malvinas Islands and the adjoining maritime spaces”, said Daniel Filmus head of Argentina's Office on issues relative to the Malvinas Islands.

• Friday, August 8th 2014 - 07:44 UTC

  Falkland Islands dispute becomes a political incident in Welsh politics

  

  The Welsh Conservatives say First Minister Carwyn Jones should distance himself from 'distasteful' comments over the Falkland Islands' sovereignty. The situation involved the Welsh leader, Argentine ambassador in UK Alicia Castro and Chubut governor Martin Buzzi, when they met to address next year's 150th anniversary of Welsh settlers in Patagonia.

• Thursday, August 7th 2014 - 08:10 UTC

  Rousseff claims EU has yet to agree on a proposal to exchange with Mercosur

  

  President Dilma Rousseff claimed before the Brazil's farmers lobby that the trade agreement between Mercosur and the European Union is stalled and is not fulfilled because of the 'resistance' from several European countries, and specifically named France, Hungary and Ireland.

• Thursday, August 7th 2014 - 07:54 UTC

  Egypt plans to build a new parallel Suez Canal to be completed in five years

  

  Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.

• Thursday, August 7th 2014 - 07:41 UTC

  Putin retaliates US/EU sanctions: plans to redirect food purchases from Latam

  

  Russia will ban all imports of US food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported today.

• Thursday, August 7th 2014 - 07:22 UTC

  Global system used for sovereign-debt workouts remains badly in need of repair

  

  By Kenneth Rogoff (*) - Argentina’s latest default poses unsettling questions for policymakers. True, the country’s periodic debt crises are often the result of self-destructive macroeconomic policies. But, this time, the default has been triggered by a significant shift in the international sovereign-debt regime

• Thursday, August 7th 2014 - 06:32 UTC

  Mercosur trade deal is a priority for the EU under Italian presidency

  

  Foreign minister Federica Mogherini pledged that under the current Italian presidency of the European Union, top priority will be given to signing the pending trade agreements, among which that with Mercosur still under discussion.