International

• Thursday, October 18th 2012 - 00:57 UTC

  Hedge funds targeting Argentina miss the target: BIS deposits free from embargoes

  

  Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt.

• Thursday, October 18th 2012 - 00:46 UTC

  Which of three EU delegates will actually receive the Nobel Peace Prize?

  

  Almost a week after winning the Nobel Peace Prize, the European Union has finally decided who will collect the award. Rather than one person making the trip to Norway on Dec. 10, the EU has decided it will send three people: one to represent each of its main institutions: the European Commission, the European Council and the European Parliament.

• Thursday, October 18th 2012 - 00:25 UTC

  The bursting of the social media bubble: Dot-com déjà vu?

  

  By Ned Raynolds - A joke currently making the rounds on Wall Street has it that a bar opened in Silicon Valley, giving away drinks for free. The place was soon wall-to-wall with people. Other West Coast saloons latched onto the idea, figuring that a business model that attracted so many patrons couldn’t fail.

• Wednesday, October 17th 2012 - 20:48 UTC

  Mexican president-elect and PM Cameron pledge to double bilateral trade by 2015

  

  Mexican President-elect Enrique Peña Nieto called in London this week for expanded “cooperation and trade” between his country and Britain based on their shared vision of “free trade”.

• Wednesday, October 17th 2012 - 16:50 UTC

  Falklands’ war restored Vulcan bomber will take final flight next year

  

  Britain's only flying Cold War Vulcan bomber and which participated in Operation Black Buck bombing Stanley airport during the Falkland Islands conflict of 1982, will take its final flight next year before being grounded because of soaring restoration costs, according to reports in the UK media.

• Wednesday, October 17th 2012 - 05:03 UTC

  UK tells Spain border checks and delays in Gibraltar border are ‘unacceptable’

  

  Britain this week raised the issue of disproportionate Gibraltar border checks and delays “at the highest level” with the Spanish Government. The issue was revealed in Parliament by Europe Minister David Lidington who was responding to a question in an emergency debate instigated by the all party Gibraltar group.

• Wednesday, October 17th 2012 - 04:51 UTC

  Citigroup CEO who steered the bank through the crisis resigns immediate effect

  

  Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. Mr Pandit is being replaced by Michael Corbat, who was previously the bank's chief for Europe, the Middle East and Africa.

• Wednesday, October 17th 2012 - 04:43 UTC

  Santander desists from purchase of 316 branches from Royal Bank of Scotland

  

  Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.

• Wednesday, October 17th 2012 - 03:41 UTC

  Ambassador Castro delivered credentials to Queen Elizabeth in ‘warm meeting’

  

  Argentine Ambassador to the United Kingdom, Alicia Castro, delivered on Tuesday her credentials to Queen Elizabeth II in a meeting deemed as “warm,” that will help improve bilateral relations between both countries.

• Wednesday, October 17th 2012 - 03:20 UTC

  PM Cameron inspects air carrier construction: underlines “Made in UK badge”

  

  British Prime Minister, David Cameron, visited Rosyth dockyard on Monday to see the work taking place to build the first of the two new Queen Elizabeth Class aircraft carriers.