International

• Wednesday, October 15th 2014 - 20:00 UTC

  The ten biggest energy company bankruptcies

  

  Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance.

• Wednesday, October 15th 2014 - 10:31 UTC

  Argentine delegation after trade and investors in India

  

  A numerous Argentine delegation will be attending this week trade and investment conferences in New Delhi as part of the country's efforts to increase exports to the growing Indian market and attract investors.

• Wednesday, October 15th 2014 - 10:24 UTC

  Open debate in the Vatican: conservative bishops disagree with “gay approach”

  

  Conservative Roman Catholic prelates have vowed to change a controversial Vatican document that held out the possibility of a major shift in the Church's attitude towards homosexuals.

• Wednesday, October 15th 2014 - 10:17 UTC

  Citigroup exiting retail business in 11 markets including 6 in Latin America

  

  Citigroup said on Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.

• Wednesday, October 15th 2014 - 08:28 UTC

  Germany insists with a 2015 balanced budget despite slower growth forecast

  

  German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.

• Wednesday, October 15th 2014 - 08:16 UTC

  Oil prices hit new lows with prospects of further slide; excess supply, weak demand

  

  Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell 2.72 to 86.17 dollars a barrel before seeing a slight recovery, while US crude dropped 1.75 to 83.99.

• Wednesday, October 15th 2014 - 07:38 UTC

  “Chile Day” in London underlines the very close links with the UK

  

  Chilean authorities and business people opened the London Stock Exchange on Tuesday as part of the “Chile Day 2014” which is the country's foremost promotion event abroad for the financial and business sectors. UK Foreign Office Minister of State for Latin America Hugo Swire underlined that Chile in “a key partner in the region”.

• Tuesday, October 14th 2014 - 16:43 UTC

  IMF urges economic reforms or face brittle growth, high debt and unemployment

  

  The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.

• Tuesday, October 14th 2014 - 16:25 UTC

  Madrid's attitude towards Gibraltar could thwart Spain's seat at Security Council

  

  Spain’s separate battles to both become a temporary member of the United Nations Security Council and to also force Britain into bilateral negotiations over Gibraltar appear to be on a collision course, according to a report in the Wall Street Journal.

• Tuesday, October 14th 2014 - 11:54 UTC

  First BMW rolls out from Brazilian plant; annual production goal: 30.000

  

  Germany's BMW Group celebrated last week the first car to be assembled in its new Brazilian automobile plant in Araquari, Santa Catarina State, where over the course of the next few years, more than 200 million Euros will be invested in the plant, resulting in a production capacity of more than 30,000 vehicles annually.