Politics

Friday, February 12th 2016 - 06:55 UTC
Lagarde, as sole candidate, has virtually assured five more years as IMF head

The International Monetary Fund (IMF) has nominated current managing director Christine Lagarde for the second term, IMF Executive Board Dean Aleksei Mozhin said in a statement on Thursday.
Friday, February 12th 2016 - 06:40 UTC
French president's visit to Argentina and Uruguay could include defense deals

French president Francois Hollande is scheduled to visit Peru, Argentina and Uruguay in the last week of February, and in a display of Gallic diplomacy expects to promote trade, investments and French interests in the region.
Friday, February 12th 2016 - 06:33 UTC
France claims the EC has done ”too little too late to help (struggling) farmers”

France called on the European Commission to do more to help its struggling livestock industry, seeking to defuse protests that have seen farmers block highways and supermarkets.
Friday, February 12th 2016 - 06:27 UTC
Petrobras faces legal challenges in the billions from international investors

Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas.
Friday, February 12th 2016 - 01:51 UTC
Mod funds to design the successor of Royal Navy's Vanguard class submarines

The United Kingdom Ministry of Defense (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.
Thursday, February 11th 2016 - 05:57 UTC
Fed warns about uncertainty in China and tightening financial markets

Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.
Thursday, February 11th 2016 - 05:45 UTC
ICAO agrees on first binding limits on emissions from the aviation industry

UN Secretary-General Ban Ki-moon welcomed the announcement by the International Civil Aviation Organization (ICAO) proposing the first binding limits on emissions from the aviation industry.
Wednesday, February 10th 2016 - 23:11 UTC
Montevideo-Stanley, an integrating and necessary air link

By Jaime Trobo (*) - For some time now we have been arguing that Uruguay must strengthen its bonds and contacts with a neighboring territory, in the southern cone, part of our American continent, where families who arrived in our region during the first half of the XIX century live, and with whom those contacts, once very intense, have waned, particularly in the last decades.
Wednesday, February 10th 2016 - 07:24 UTC
Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.
Wednesday, February 10th 2016 - 07:16 UTC
US Treasury's strong support message for Argentina's litigation with holdout funds

The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.