International

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.
Thursday, July 31st 2014 - 07:39 UTC
Mercosur divided on the Gaza Strip statement; Paraguay dissented

Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.
Wednesday, July 30th 2014 - 15:15 UTC
“Spain's association can deny Gibraltar the opportunity of progress in football”

A former coach of Real Madrid has criticized the political motivation behind the Spanish Football Association and Government’s decision to block Gibraltar’s participation in UEFA. Manuel Ruiz Pérez, who worked under Bernhard Schuster during his time at Real Madrid, said that nothing good come out of mixing politics with football.
Wednesday, July 30th 2014 - 08:01 UTC
Japan's PM Abe at CARICOM summit pledges development support

Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.
Wednesday, July 30th 2014 - 07:45 UTC
UK and US fine Lloyds group £218m for manipulating the Libor rate

Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.
Wednesday, July 30th 2014 - 07:23 UTC
IMF warning on interest rates and Russian crisis for some EU banks

Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
Wednesday, July 30th 2014 - 01:34 UTC
UK to encourage extraction of natural gas and oil from shale rock to help with declining production

The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.
Tuesday, July 29th 2014 - 21:31 UTC
Falkland Islands nominated finalists in the Travel Agents Choice Award

The Falkland Islands have been nominated and are finalists in the Travel Agents Choice Awards sponsored by “Selling Travel Magazine” in the UK. (Previously known as Selling Long Haul Magazine), announced the Falkland Islands Tourism Board. The Falkland Islands have been nominated for “Best Destination for Wildlife and Nature”.