International

Saturday, March 29th 2014 - 05:46 UTC
Argentina takes EU biodiesel antidumping measures to WTO

Argentina formally requested the World Trade Organization's (WTO) Dispute Settlement Body (DSB) the establishment of a panel to address the European Union antidumping measures against Argentine bio-diesel. The initiative was rejected by the EU this week.
Saturday, March 29th 2014 - 05:29 UTC
Repsol infighting reveals disappointment with CEO Brufau

Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.
Friday, March 28th 2014 - 19:45 UTC
Why Ukraine's next president doesn't matter

By James Stafford, Oilprice.com - Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.
Friday, March 28th 2014 - 08:54 UTC
Gibraltar top officials on a lobbying and trade promotion tour in Washington

Gibraltar top elected officials this week went on a lobbying tour in the United States where they met government officials, visited Capitol Hill, talked trade and strongly defended the British Overseas Territory freedom, self determination and sovereignty.
Friday, March 28th 2014 - 08:39 UTC
In memory of Malvinas, a passage is officially named “April 2” instead of 'Inglaterra'

Buenos Aires City councilors gave final approval to a bill that officially names “April 2”, a passage in the neighborhood of Agronomia, which was re-baptized with that name by residents during the 1982 Malvinas war conflict, who erased the original name of 'England'.
Friday, March 28th 2014 - 08:21 UTC
Latam divided on UN Crimea vote; Mercosur, except for Venezuela abstains

The UN resolution condemning the annexation of Crimea by Russia which was voted on Thursday at the general assembly showed Latin America (and Mercosur) divided on the issue. The non binding resolution sponsored by Costa Rica and the western powers received 100 votes, with 11 against and 58 abstentions.
Friday, March 28th 2014 - 08:16 UTC
Argentine wine from small grape farmers for Pope Francis masses

The wine used for the masses of Pope Francis will be made using grapes from small Argentine producers with 500 liters of the drink already in production, according to a report from the Project for the Integration of Small Producers in the Viticulture Chain (PROVIAR).
Friday, March 28th 2014 - 06:45 UTC
London becomes hub for Chinese currency dealings and clearing

The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed next Monday, sets out settlement and clearing arrangements for the Renminbi, or Yuan, in London.
Friday, March 28th 2014 - 06:31 UTC
US Fed rejects Citigroup plans to boost dividends for shareholders

US Federal Reserve has rejected plans by Citigroup to buy back shares and boost dividends for shareholders. It cited deficiencies in the bank's ability to plan for how stressful situations would hurt its business. The decision is a setback for Citigroup boss Michael Corbat who was brought in to bolster internal controls after the bank failed stress tests two years ago.
Friday, March 28th 2014 - 06:26 UTC
Bank of America agrees to pay 9.5bn to settle charges from US housing collapse

Bank of America agreed to pay 9.5bn to settle charges it misled US mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008. The bank will pay 6.3bn in cash and buy back 3.2bn in mortgage securities.