Politics

Saturday, September 6th 2014 - 03:14 UTC
Argentina says creditors willing to swap bonds; holdouts warn about “contempt of court”

Argentina's Cabinet Chief Jorge Capitanich said on Friday that “many” creditors are willing to accept a change in payment location to collect their money as the ongoing legal dispute with the holdouts continues to endanger the country's international credit and reputation.
Saturday, September 6th 2014 - 03:04 UTC
Marina Silva's lead turns Dilma more aggressive in her re-election bid

Brazilian President Dilma Rousseff has adopted a more combative re-election campaign strategy after opinion polls showed her trailing popular environmentalist candidate Marina Silva. Two election surveys this week showed Rousseff was the frontrunner in the first round ballot scheduled for October 5, but would lose to Silva, a former environment minister, in a likely runoff.
Friday, September 5th 2014 - 07:47 UTC
Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House

Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.
Friday, September 5th 2014 - 07:33 UTC
NML Capital subpoenaed 18 banks in search of embezzled Argentine funds

NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States.
Friday, September 5th 2014 - 07:13 UTC
Uruguay's main presidential opposition candidate suffers “Watergate break-in” crime

Uruguay's main opposition candidate for October's contested presidential election was the victim of a “Watergate break-in” crime at the offices of the agency which is running his surprisingly successful campaign.
Friday, September 5th 2014 - 02:19 UTC
Bank of England leaves interest rate on hold at 0.5%; eyes set on minutes to be released 09/17

The Bank of England has held UK interest rates at a record low of 0.5% for another month. The size of the Bank's economic stimulus program - quantitative easing - was also unchanged at £375bn.
Friday, September 5th 2014 - 02:17 UTC
ECB cuts rates to record low and negative for overnight deposits; Euro/dollar slumps below 1.3

The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels (deflation) and support the stagnating euro zone economy. The ECB cut its main refinancing rate to 0.05% from 0.15%.
Friday, September 5th 2014 - 02:14 UTC
Brazil leaves basic interest rate unchanged at 11%, given 'inflation prospects'

With Brazil battling recession and inflation a month away from the presidential election, the Central bank kept its key interest rate on hold at 11%. Traders and analysts had forecast no change and the central bank's monetary policy commission (Copom) duly decided to leave all quiet following its monthly two-day meeting.
Thursday, September 4th 2014 - 06:04 UTC
Malvinas: Argentina recalls fifty years since Falklands claim statement before C24

Argentina will be launching on Thursday, 4 September the book “Argentine sovereignty in Malvinas; 50 years since Ambassador Ruda's statement” which recalls the half century since the presentation by then Ambassador Jose Maria Ruda before the United Nations Special Decolonization Committee, or C24.
Thursday, September 4th 2014 - 05:58 UTC
Support for Scottish independence up eight points in August, say polls

The No vote's lead ahead of the Scottish Referendum has narrowed to just six points, according to a new poll. The YouGov poll suggests support for Scottish independence has risen eight points over the past month.