International

Saturday, August 2nd 2014 - 09:18 UTC
“Debt restructuring” and the Argentine case by Joseph Stiglitz

The following piece published in The New York Times was written by Joseph E. Stiglitz, winner of the Nobel Prize in Economics and a former chief economist of the World Bank, and currently a professor at Columbia University.
Saturday, August 2nd 2014 - 09:08 UTC
IDSA decides that Argentina “failed to pay” and thus declares it has defaulted

The International Swaps and Derivatives Association (ISDA) on Friday declared Argentina in default, which could trigger payments worth up to one billion dollars on credit default swaps.
Saturday, August 2nd 2014 - 08:06 UTC
US Senate looks into passenger protection on Caribbean cruise ships

There could have been few places where the old adage “worse things happen at sea” seemed more appropriate than a recent US Senate Commerce Committee hearing in which members were regaled with Caribbean cruise ship passengers’ horror stories of everything from rape and violence to seeping sewage and hallways lined with bags of feces.
Saturday, August 2nd 2014 - 08:02 UTC
US scientists discover hub of brain cells, in mice, that controls the desire to eat

US scientists have discovered a central hub of brain cells that may put the brakes on a desire to eat, a study in mice shows. And switching on these neurons can stop feeding immediately, according to the Nature Neurosciences report.
Saturday, August 2nd 2014 - 07:56 UTC
Ebola outbreak 'out of control' but 'can be stopped' said world's top health official

West Africa's Ebola outbreak is out of control but it can be stopped, World Health Organization chief Margaret Chan said on Friday at a meeting in Conakry, capital of Guinea.
Saturday, August 2nd 2014 - 07:48 UTC
Growing concerns the Ebola outbreak could spread globally by travelers

Concerns have been expressed about the possibility of the current Ebola outbreak spreading globally after an infected airline passenger introduced the deadly virus to Nigeria. All outbreaks since 1976, when Ebola was first identified, have been confined to rural and forested areas in Africa, with the previous highest death toll being 280.
Friday, August 1st 2014 - 14:52 UTC
Five industries worried about peak oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030.
Friday, August 1st 2014 - 09:10 UTC
Mercosur finally agrees on joint trade proposal to exchange with the EU

Mercosur members finally agreed this week on a draft joint proposal to be presented to the European Union with the purpose of negotiating a long delayed trade and cooperation agreement with EU, according to Uruguayan diplomatic sources.
Friday, August 1st 2014 - 08:42 UTC
UBS calls on Swaps Association to ask if a “failure to pay” event had occurred

The International Swaps and Derivatives Association (ISDA) said on Thursday it had received its first request to consider whether a credit event had occurred, according to the ISDA website.
Friday, August 1st 2014 - 08:08 UTC
Catalonia's independence referendum is on, underlines president Mas

Spanish Prime Minister Mariano Rajoy and Catalan President Artur Mas failed to break the deadlock over Catalonia’s independence drive, with both holding firm on their positions when they met for the first time in a year.