International

• Wednesday, April 11th 2012 - 00:30 UTC

  IMF analyzes impact of household debt and soaring house prices on recessions

  

  Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released by the International Monetary Fund. For that matter, the IMF has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth.

• Tuesday, April 10th 2012 - 15:32 UTC

  Argentina denies ‘political opportunism’ in Malvinas sovereignty-claim campaign

  

  The Argentine government said that the Malvinas Islands sovereignty claim is “not political opportunism” or geared “to remove other issues from the country’s political agenda” and is coherent with the political and ideological thinking of both Presidents Cristina Fernandez and her late husband and former president Nestor Kirchner.

• Tuesday, April 10th 2012 - 07:06 UTC

  Argentina expects strong Malvinas support statement from the Americas summit

  

  Argentine president Cristina Fernandez will be attending on Saturday the VI Americas summit to be held in Colombia, which is already involved in a strong controversy because of the non invitation to Cuba.

• Tuesday, April 10th 2012 - 05:40 UTC

  Repsol CEO in Argentina trying to prevent YPF takeover by the government

  

  Repsol's chairman Antonio Brufau has asked for a meeting with officials from the Argentine government, which investors fear could seize control of the Spanish oil major's unit in Argentina, YPF.

• Monday, April 9th 2012 - 15:50 UTC

  China’s inflation rebounds in March conditioning easier monetary policy

  

  China's inflation rebounded slightly in March after logging an extremely low growth in February, backing lingering uncertainty regarding the country's ability to contain price rises.

• Monday, April 9th 2012 - 06:17 UTC

  FT says UK trying to collect £ 45m Argentina used in the Falklands’ conflict

  

  According to a piece from the Financial Times Britain is chasing £45m of debt owed by the Argentine government that was lent to the military Junta in 1979 and used, in part, to buy weapons that were later used during the Falkland Islands in 1982.

• Monday, April 9th 2012 - 06:07 UTC

  Memorial cruise of the Titanic with 1.309 passengers sets off from Southampton

  

  Descendants of those who died in the Titanic disaster 100 years ago have set sail on a memorial cruise to the site of the wreck. The MS Balmoral left Southampton on Saturday on a 12-night cruise to commemorate the centenary of the sinking of the liner that hit an iceberg on its maiden voyage.

• Monday, April 9th 2012 - 05:26 UTC

  Sarkozy warns voters: look at Greece and Spain after seven years of Socialism

  

  Nicolas Sarkozy warned French voters Thursday they should re-elect him as president to pursue his cost-cutting plans or face the kind of debt crises that have gripped Greece and Spain.

• Friday, April 6th 2012 - 07:40 UTC

  Falkland’s war experiences comes to life in Tyneside novel

  

  A successful Northumberland author’s latest novel has a very timely subject as the UK marks the 30th anniversary of the Falklands War.

• Thursday, April 5th 2012 - 17:07 UTC

  Dragui confirms extraordinary long-term funding to financial system will continue

  

  European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.