International

Saturday, July 14th 2012 - 07:15 UTC
Markets find optimism in Chinese economy despite slower growth

China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe. GDP rose by 7.6% in the second quarter, compared with the same period a year ago. That is down from 8.1% in the previous three months.
Saturday, July 14th 2012 - 07:06 UTC
Visa and Mastercard agree to largest settlement with retailers over card fees

Credit card companies Visa and Mastercard and major US banks have agreed to a 7.25bn dollars settlement to retailers over card fees. The case, which has been going on for seven years, is over firms colluding to fix the fees that stores pay to process credit and debt card payments.
Saturday, July 14th 2012 - 00:30 UTC
Top Brazilian entrepreneurs tie-up to develop mining opportunities in Latam and Africa

Brazil's top investment bank Banco BTG Pactual announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to 520 million dollars in Latin America and Africa.
Friday, July 13th 2012 - 23:41 UTC
Former PM Berlusconi will return as candidate in next year’s general election

Former Italian Prime Minister Silvio Berlusconi will return to frontline politics as the centre-right candidate in next year's general election, a senior official in his PDL party was quoted this week.
Friday, July 13th 2012 - 03:21 UTC
Commons report reveals UK sold £ 2.3m of military equipment to Argentina

The British government must exercise more caution in granting licences for the export of arms, according to a parliamentary report which mentions authoritarian regimes such as Bahrain but also areas of direct concern for UK such as Argentina and the Falklands.
Thursday, July 12th 2012 - 22:35 UTC
ECB zero deposit-rate shakes EU banking system and forces to look for alternatives

European Central Bank's new zero deposit rate had an instant impact as it came into force, with banks more than halving the amount of cash parked there overnight and one ECB policymaker saying he expected the move to increase banks' lending.
Thursday, July 12th 2012 - 19:59 UTC
Gibraltar says UK/Spain bilateralism is “dead and will never ever be revived”

Gibraltar Chief Minister Fabian Picardo has declared that UK-Spain bilateralism is “dead and will never ever be revived under any circumstances” regarding the Rock’s future.
Thursday, July 12th 2012 - 19:36 UTC
Rockhopper signs a billion dollars deal to develop Falklands’ oil discovery

Britain's Premier Oil announced on Thursday a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands.
Thursday, July 12th 2012 - 07:00 UTC
Canada protests Bolivian decision to revoke licence to mine silver deposits

Canadian company is protesting Bolivia's decision to revoke its licence to mine a rich silver deposit in the country and nationalize the project.
Thursday, July 12th 2012 - 06:57 UTC
China cuts retail fuel prices 5%, the third cut in two months

China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the first time in three years in April.