International

Tuesday, October 15th 2013 - 00:05 UTC
Nobel in Economics to three Americans trying to unravel 2008 financial crisis

Eugene F. Fama, Robert J. Shiller and Lars Peter Hansen shared the 2013 Nobel Prize in Economic Sciences for at times conflicting research on how financial markets work and assets such as stocks are priced. The three economists, all Americans, “laid the foundation for the current understanding of asset prices,” the Royal Swedish Academy of Sciences, said in Stockholm.
Monday, October 14th 2013 - 05:31 UTC
IMF warns US default means massive disruption and world recession

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.
Monday, October 14th 2013 - 05:25 UTC
Catholic Church beatifies 522 priests and nuns killed by Republicans in the Spanish civil war

The Roman Catholic Church in Spain has beatified 522 people, most of them priests and nuns killed by Republicans during the Spanish Civil War. Thousands of people attended the outdoor event in Tarragona, presided over by a senior Vatican cardinal.
Sunday, October 13th 2013 - 12:14 UTC
Bye, bye Mercosur: Brazil advances on its own in trade agreement with EU

Mercosur has many internal problems and therefore it is much easier to work with Brazil, said European Commission Vice-President for Industry and Entrepreneurship Antonio Tajani who spent this week two days of negotiations with top officials in Brasilia.
Sunday, October 13th 2013 - 12:09 UTC
China becomes world’ biggest net importer of oil displacing the US

$US is increasingly able to support itself after the growth of its domestic hydraulic fracturing, or fracking$

China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows. The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data. Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA). In the US, the figure was 6.1 million.
Sunday, October 13th 2013 - 11:47 UTC
Argentina will not accept the remains of Nazi officer Erich Priebke

Argentina will not accept the remains of Nazi war criminal Erich Priebke who died in Italy, officials in Buenos Aires said on Friday. Priebke died in Rome aged 100 after serving nearly 15 years under house arrest for a World War II massacre in Italy for which he never expressed remorse.
Sunday, October 13th 2013 - 11:42 UTC
Madrid furious with Gibraltar “lack of respect” towards Spanish law enforcement agencies

The storm of protest in Spain over Gibraltar Chief Minister Fabian Picardo’s speech to the UN this week showed no sign of letting up with a fresh round of political complaints and even the threat of legal action, according to the Gibraltar Chronicle.
Sunday, October 13th 2013 - 11:38 UTC
Council of Europe blasts Spain on law enforcement authorities’ violations

Spain has been warned about the conduct of its law enforcement authorities in a new Council of Europe report. “Ill-treatment by and impunity of members of law enforcement agencies is a very serious, long-standing human rights issue for which Spain has already been condemned by international bodies” reads the study.
Saturday, October 12th 2013 - 23:20 UTC
Malvinas claim mentioned at 65th anniversary celebration of Anglo-Argentine Society in London

Argentine ambassador in London Alicia Castro underlined the “very deep friendship and understanding links” that exist between Britain and Argentina and also reiterated the need for dialogue in the Malvinas Islands question. The occasion was the 65 anniversary of the Anglo-Argentine Society which was celebrated at the Argentine embassy in London.
Saturday, October 12th 2013 - 22:08 UTC
IMF calls for financial markets to be monitored by political supervision

Central banks should be independent in setting monetary policy but they should also be tasked with monitoring financial market stability under political supervision, the International Monetary Fund's (IMF) chief economist said.