International

Wednesday, December 26th 2012 - 06:43 UTC
The magic of currencies: UK overtakes Brazil as the world’s sixth largest economy

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.
Wednesday, December 26th 2012 - 06:16 UTC
UK Parliament addresses disruption of Falklands’ shipping and tourism by Argentina

The disruption of shipping and tourism in Argentina and the Falkland Islands reached the British Parliament and was addressed by Foreign Office officials who said the UK regrets the Argentine attitude but is also holding talks with international partners that share concerns about illegitimate interferences, and with the cruise industry.
Sunday, December 23rd 2012 - 07:03 UTC
Merry Christmas from MercoPress

MercoPress wishes a happy holiday season to all its readers and sponsors!
Saturday, December 22nd 2012 - 08:08 UTC
Argentina strongly protests UK’s naming Queen Elizabeth land in Antarctica

Argentina strongly protested on Friday Britain's decision to name a vast swath of Antarctica as Queen Elizabeth Land. The Foreign ministry handed a formal protest note to British Ambassador John Freeman in Buenos Aires.
Saturday, December 22nd 2012 - 08:03 UTC
World Bank’s arbitration unit receives Repsol’s complaint over YPF nationalization

The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.
Saturday, December 22nd 2012 - 07:56 UTC
Obama nominates Senator Kerry to succeed Hillary Clinton as Secretary of State

US President Barack Obama has nominated Senator John Kerry to succeed Hillary Clinton as his next secretary of state. Mr Obama said Mr Kerry's “entire life” prepared him for the role, and praised him for the “respect and confidence” he has earned from world leaders.
Friday, December 21st 2012 - 04:54 UTC
UK Government will not allow Falkland Islanders’ human rights to be ignored

British Prime Minister David Cameron delivers his Christmas message to the people of the Falkland Islands: 2012 has been a memorable year for all of us. It’s been a year of happy celebrations but a year of more sober commemorations too. In London and Stanley, we celebrated the Diamond Jubilee, marking the 60th year of Her Majesty the Queen’s reign. The genuine and deep affection for Her Majesty both here and in the Falklands reminded us of the ties that bind us together.
Thursday, December 20th 2012 - 20:39 UTC
Good news from the World Bank: China expected to bounce back next year

The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth. It added that the pick-up in factory output and investment “suggested that China's economy was bottoming out”.
Thursday, December 20th 2012 - 20:16 UTC
ICE buys NYSE Euronext propelling the commodities player

Intercontinental-Exchange agreed an 8 billion dollars deal to buy New York Stock Exchange owner NYSE Euronext, propelling the commodities player into the big league of European derivatives and helping it to take on arch rival CME Group.
Thursday, December 20th 2012 - 19:38 UTC
UK will take “all necessary and proportionate” measures in support of Gibraltar

As tension with Spain escalates the British Government made clear that it would take “all necessary and proportionate” measures to maintain the integrity British sovereignty of Gibraltar and its waters. Europe Minister David Lidington set out the position in a letter to the Governor, Sir Adrian Johns, in response to the petition organised by the Defenders of Gibraltar.