International

Tuesday, August 7th 2012 - 08:25 UTC
Seeds market clash: Monsanto wins one billion dollars lawsuit to DuPont

Monsanto, the world's largest seed company won a one billion dollars victory over its arch rival in a lawsuit concerning patents in the agricultural seed market. The victory, concerning genetically modified seeds that allow crops to tolerate weed killer, should have little immediate impact in that lucrative marketplace.
Tuesday, August 7th 2012 - 08:19 UTC
US regulator claims Standard Chartered bank laundered 250bn dollars for Iran

Standard Chartered bank illegally “schemed” with Iran to launder as much as 250bn dollars for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60.000 secret transactions for “Iranian financial institutions” that were subject to US economic sanctions.
Tuesday, August 7th 2012 - 08:14 UTC
China central bank anticipates injecting more liquidity in second half of 2012

China's central bank said on Sunday it will strengthen the fine-tuning of its monetary policy in the second half of this year, indicating as many analysts believe that more liquidity may be injected into the world's second largest economy.
Monday, August 6th 2012 - 21:18 UTC
US Noble Energy farms in to explore for oil in east and south Falklands’ waters

London AIM listed Falkland Oil and Gas announced it has reached an agreement to farm out a 35% stake in most of its Falkland Islands’ exploration licenses to the US Noble Energy to help fund its drilling plans off the Islands.
Monday, August 6th 2012 - 07:21 UTC
Slowdown in Latin America further exposed vulnerabilities of Spain and Portugal

The slowdown in Latin America’s once booming economies could take a heavy toll on profits for Spanish and Portuguese companies whose two-decade investment spree abroad has provided a lifeline during a deepening crisis at home.
Friday, August 3rd 2012 - 08:06 UTC
IMF calls for “policy game changer” in the Euro zone to arrest spread of debt crisis

The IMF called on Thursday for a “policy game changer” in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.
Friday, August 3rd 2012 - 08:01 UTC
ECB disappoints but keeps markets’ expectations of bold actions alive

Asian shares and the Euro eased on Friday as the European Central Bank, as happened with the Federal Reserve on Wednesday, disappointed markets looking for an imminent move to deal with the Euro zone debt crisis.
Friday, August 3rd 2012 - 07:57 UTC
Bank of England waiting for the latest stimuli measures to filer into the economy

The Bank of England has kept interest rates on hold for August, and also held off from any more stimulus measures, as had been expected. Its rate-setting Monetary Policy Committee (MPC) has voted to maintain rates at the historic low of 0.5%.
Thursday, August 2nd 2012 - 22:57 UTC
Argentina’s noose on Falklands: Buenos Aires province bans UK flagged vessels

In what is seen as another step of Argentina’s noose-tightening of the Falkland Islands’ economy and development, the Buenos Aires Province Senate passed a law on Thursday banning British flagged vessels from calling at Argentina’s largest province ports.
Thursday, August 2nd 2012 - 07:31 UTC
YPF after Chinese cooperation for development of Vaca Muerta shale deposits

Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.