International

Thursday, October 31st 2013 - 20:44 UTC
Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.
Thursday, October 31st 2013 - 20:09 UTC
UK new regulating system for the press triggers bitter controversy

Britain approved a new system of regulating its press, a move newspapers said was draconian and threatened freedom of speech but which former victims of press excess described as long overdue.
Thursday, October 31st 2013 - 19:30 UTC
Chinese navy vessels call in Buenos Aires for the first time part of a South American tour

Vessels from China's Popular Liberation Navy docked for the first time in Buenos Aires in the framework of a South American tour that includes Chile and Brazil. The lead ship is destroyer Lanzhou with missile capability, the frigate Liuzhou and the support vessel Boyanghou, all active with the China's South Sea Fleet.
Thursday, October 31st 2013 - 18:39 UTC
A Pope, two presidents, a businessman and a drug baron, the Latin-Americans that made it to Forbes list

Pope Francis ranks as the fourth most powerful person in the world and the most powerful Latin-American, according to Forbes’ annual Most Powerful in the World List which this year had Russian President Vladimir Putin ranked number one ahead of President Barack Obama and the General Secretary of the Communist Party of China Xi Jinping, number three.
Thursday, October 31st 2013 - 17:58 UTC
Putin displaces Obama from Forbes' list of the most powerful people

President Barack Obama has been demoted to second place from Forbes' Most Powerful People list which has named Russia's President Vladimir Putin as the leader of the pack.
Wednesday, October 30th 2013 - 21:29 UTC
Fed continues with bond purchases: shutdown of US government affected reliable stats

The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
Wednesday, October 30th 2013 - 07:13 UTC
Turkey opens railway tunnel linking the Asian and European continents

A railway tunnel underneath the Bosphorus Strait has been opened in Turkey, creating a new link between the Asian and European shores of Istanbul. The Marmaray tunnel is the world's first connecting two continents, and is designed to withstand earthquakes.
Wednesday, October 30th 2013 - 06:57 UTC
Petrobras negotiating sale of assets in Peru to Chinese company for 2bn dollars

China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.
Monday, October 28th 2013 - 20:16 UTC
Foreign Office Director Europe is the new British ambassador in Spain

Simon Manley CMG, a member of the UK’s Diplomatic Service since 1990 on Monday 28 October succeeds Giles Paxman as Her Majesty’s Ambassador to Spain and non-resident Ambassador to Andorra.
Monday, October 28th 2013 - 13:50 UTC
China capitalist reforms: break up state monopolies, land reform, Yuan reserve currency

A Chinese top government think tank has unveiled a detailed road map for a series of far-reaching economic policy changes, in one of the strongest indications yet that the Communist Party intends to stay on the path of reform