International

Saturday, November 9th 2013 - 03:31 UTC
Group of Argentine bondholders plan 'private debt swap' to holdouts

A group of Argentine bondholders will offer creditors suing for the repayment of defaulted sovereign debt a private deal to get them to abandon their litigation, the state-run Télam news agency said.
Thursday, November 7th 2013 - 23:05 UTC
Advice for Mujica: “professional, not presidential diplomacy” to deal with Cristina Fernandez

Uruguayan president Jose Mujica is fed up with problems with Argentina but must abandon the 'presidential diplomacy' and turn to 'professional diplomacy' because President Cristina Fernandez will not modify her conduct, warned one of Argentina's most respected political analysts, Rosendo Fraga.
Thursday, November 7th 2013 - 22:53 UTC
Pescanova needs 185 million Euros to get back to business, say auditors

The Galician multinational firm Pescanova needs an estimated 185 million Euros in working capital to be run in a year, according to estimates made by the consulting firm PricewaterhouseCoopers (PwC).
Thursday, November 7th 2013 - 21:51 UTC
Fears of 2014 World Cup disruptions resurface as major football conference is called off by Rio authorities

Fears about disruption to next year's World Cup have been raised after the key global football conference Soccerex was cancelled for disputed reasons. Soccerex organizers said Rio de Janeiro's state government had called off next month's event due to concerns about “ongoing civil unrest” in Brazil.
Thursday, November 7th 2013 - 19:25 UTC
Euro zone lowers rate to prop economy and avoid deflation; shares at five-year high

A surprise rate cut by the European Central Bank sent Euro zone shares to a five-year high on Thursday as traders bet a weaker Euro and easier lending conditions would help revive the region's economy and boost demand for stocks.
Thursday, November 7th 2013 - 16:16 UTC
Plans to commission 3 new ocean-going offshore patrol vessels for the Royal Navy

Britain's Ministry has plans to commission three new ocean-going offshore patrol vessels for the Royal Navy. The new ships will be built by BAE Systems at their shipyards on the Clyde in a deal that will sustain jobs in the UK’s warship-building industry, and will play a key role in counter-terrorism, counter-piracy and anti-smuggling operations.
Thursday, November 7th 2013 - 07:57 UTC
Argentina complains South African Airways decision to cut the Buenos Aires route

Argentina's ambassador to South Africa, Carlos Sersale di Cerisano, has criticized South African Airways’ (SAA’s) move to end its service to Buenos Aires as a “political decision” not based on commercial criteria. SAA spokesman Tlali Tlali said the airline was cutting long-haul routes from its network as part of a turnaround strategy to restore profitability. Cutting the route between Argentina and South Africa had to be seen in that context.
Thursday, November 7th 2013 - 07:51 UTC
Venice reducing cruise traffic in front of St Mark's square

A special commission approved this week a plan to divert cruise ships away from Venice's historic center by 2016, but activists seeking to rid the city of the giant ships expressed reservations about the proposed new route.
Thursday, November 7th 2013 - 07:44 UTC
EU recession close to inflection point but unemployment remains at 'unacceptable levels'

The Euro zone economy's gross domestic product will grow 1.1% in 2014 and 1.7% in 2015, with imbalances diminishing as unemployment remains at unacceptable levels, the European Commission said in a report released earlier this week.
Thursday, November 7th 2013 - 07:11 UTC
People of Gibraltar will not be duped by Madrid's latest distortion of 'UK/Spain secret negotiations'

Spain is clutching at straws in trying to pretend that the annual United Nations Fourth Committee consensus decision is somehow something new or that will restart the Brussels Process, the Gibraltar Government said on Wednesday.