International

Thursday, November 22nd 2012 - 20:51 UTC
Chinese government bankers and financers warned on extravagant and lavish expenditures

China will ban executives from state-owned banks and financial companies from spending extravagantly on cars and houses, according to the state news agency Xinhua. The 12 regulations, issued jointly by the Ministry of Finance, the Ministry of Supervision and the National Audit Office, come after Communist Party chief Xi Jinping warned that the party risks major unrest and the collapse of its rule if corruption is allowed to run wild in China.
Thursday, November 22nd 2012 - 14:50 UTC
Argentina’s outbursts backfire: Judge Griesa orders payment to holdout bond investors

Argentina suffered a stinging blow late Wednesday when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.
Thursday, November 22nd 2012 - 07:38 UTC
Hamburg tribunal confirms hearings on ARA Libertad impounded at Ghana port

The Law of the Sea Tribunal in Hamburg confirmed the oral hearings’ date for 29 and 30 November referred to the Argentine vessel ARA Libertad impounded and retained in Ghana since 2 October, with a previous day of consultations with both litigants on 28 November.
Wednesday, November 21st 2012 - 20:07 UTC
Brazil increases gold holdings to 52.5 tons, according to the IMF

Brazil increased gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons.
Wednesday, November 21st 2012 - 20:01 UTC
Ghana rejects Argentine plea to drop case of impounded frigate ARA Libertad

Ghana rejected on Wednesday Argentina’s plea for Accra City’s Commercial Tribunal to drop the case that kept the ARA Libertad navy training frigate impounded at Tema port since October 2nd.
Wednesday, November 21st 2012 - 08:13 UTC
Sir Rex Hunt helped change British thinking towards the Falklands

Falklands Governor Nigel Haywood underlined the influence of Sir Rex Hunt on the attitude of the British government and British thinking towards the Falklands, helping to understand that “the lives of the Islanders really had to come first”.
Tuesday, November 20th 2012 - 19:05 UTC
Falklands claims UN Decolonization chair is not acting with impartiality

The Falkland Islands government complained on Tuesday that the Chairman of the UN Decolonization Committee, Ambassador Diego Morejón Pazmiño is not acting with the impartiality that his role demands and revealed a letter, which remains unanswered, inviting the ambassador to visit the Falklands matching his informative trip to Argentina on the sovereignty of the Islands dispute.
Tuesday, November 20th 2012 - 00:46 UTC
Repsol wants fair compensation from Argentina; will appeal to all legal resources

Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.
Monday, November 19th 2012 - 12:22 UTC
Latin America pledges support for Spain but warns austerity only deepens the crisis

Latin America pledged investment opportunities for recession-hit Spanish and Portuguese companies but warned its former colonial masters drastic cost cutting would only deepen their misery.
Monday, November 19th 2012 - 11:50 UTC
EU on collision course over long-term trillion Euro budget

European Union looks set for a new round of clashes this week as an extraordinary summit called to agree a long-term trillion-Euro budget heads for an ugly showdown, possibly even failure.