Politics

• Wednesday, July 30th 2014 - 07:23 UTC

  IMF warning on interest rates and Russian crisis for some EU banks

  

  Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

• Wednesday, July 30th 2014 - 07:10 UTC

  Cristina Fernandez thanks Mercosur support and again attacked Judge Griesa

  

  President Cristina Fernández addressed fellow heads of state at the Mercosur summit in Caracas, where she thanked members of the bloc for their support over the ongoing fight with holdout investors in the New York courts and underlined that Argentina “has paid debt obligations religiously”.

• Wednesday, July 30th 2014 - 01:26 UTC

  Tevez' father victim of a double crime, released after paying ransom

  

  The father of Juventus forward Carlos Tevez, Segundo Tevez, has been released after being kidnapped for more than eight hours in the city of Morón, in Buenos Aires province. The player later thanked those who had sent their support during the ordeal.

• Tuesday, July 29th 2014 - 06:59 UTC

  Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

  

  Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.

• Tuesday, July 29th 2014 - 06:19 UTC

  IATA claims from Venezuela the 4.1 billion dollars owed to airlines

  

  The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

• Tuesday, July 29th 2014 - 05:53 UTC

  Brussels says it found 'no breach of EU environmental laws' in activities carried out by Gibraltar

  

  The European Commission has informed the British Government that it has found no breach of EU environmental laws in the activities carried out by the Gibraltar Government including bunkering activities, the Eastside or Sovereign Bay project and, in particular, the Artificial Reef System in North-West British Gibraltar Territorial Waters.

• Tuesday, July 29th 2014 - 05:43 UTC

  Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

  

  A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.

• Tuesday, July 29th 2014 - 05:35 UTC

  “ Argentina Dances With Default”, warns The Wall Street Journal

  

  As Argentina approached the deadline for another default, second in twelve years, the governments of President Cristina Fernandez is trashing a U.S. judge rather than repay creditors, underlines an editorial column from The Wall Street Journal.

• Tuesday, July 29th 2014 - 05:27 UTC

  Griesa eases bond payments agenda; Argentina complies with the Paris Club

  

  New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.

• Tuesday, July 29th 2014 - 05:17 UTC

  Peru announces increase in government spending to prop the economy

  

  Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.