Politics

Saturday, December 7th 2013 - 06:51 UTC
Following marathon negotiations WTO reaches global deal to boost commerce

The World Trade Organization has agreed its first ever global deal aimed at boosting commerce. The agreement reached in Bali, Indonesia, simplifies trade procedures and also makes it easier for the poorest countries to sell their goods.
Saturday, December 7th 2013 - 06:43 UTC
US November data on jobs triggers optimism in world markets and strengthens the dollar

Global equity markets surged and the dollar rose against the Yen after stronger-than-expected US jobs data gave investors confidence the economy is strong enough to withstand an expected reduction in Federal Reserve stimulus.
Saturday, December 7th 2013 - 06:34 UTC
Brazil says Argentina will again open the doors to bilateral trade next week

Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.
Saturday, December 7th 2013 - 06:08 UTC
US government intervenes in favor of Argentina in defaulted-bonds ongoing case

The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
Saturday, December 7th 2013 - 05:56 UTC
UK considers drawing a historic parallel between Gibraltar and Spain's Ceuta and Melilla

The British Government drew a historic parallel between Gibraltar and Spain’s north African enclaves in a parliamentary response this week. While recognizing that Ceuta and Melilla had a different constitutional relationship with Spain, Europe Minister David Lidington said the enclaves and Gibraltar both stemmed from “a distinct set of historical circumstances.”
Friday, December 6th 2013 - 23:27 UTC
Falklands' flag flying at half mast in honour of Nelson Mandela

In a statement released Friday afternoon, the Falkland Islands Government has said it was saddened to learn of the passing of former South African President Nelson Mandela yesterday.
Friday, December 6th 2013 - 23:16 UTC
Europe demanding a decision from Mercosur on advancing the trade talks

The European Commission president Jose Manuel Barroso called on Mercosur to decide whether it wishes to advance in trade talks with the European Union jointly, as a block, and suggested the idea of a 'two-speed negotiation', since it is clear that Brazil is interested in advancing and wants to reach an agreement.
Friday, December 6th 2013 - 07:10 UTC
World joins in grief and admiration for South Africa's greatest, Madiba

Former South African president and hero of the anti-apartheid movement, Nelson Mandela, has passed away in his home following a long fight against illness, current head of state Jacob Zuma revealed on Thursday in a press conference.
Friday, December 6th 2013 - 07:05 UTC
Brazil's central bank expected to keep current pace of interest rate increases

Brazil's central bank said its current pace of interest rate increases remains appropriate to rein in consumer prices, repeating language it used to justify previous half-percentage-point increases, according to the November 26/27 minutes released on Thursday.
Friday, December 6th 2013 - 06:45 UTC
Brazilian authorities admit to have learnt from Confederations Cup protests

Brazilian authorities say they've learned from demonstrations during the Confederations Cup not to let protesters get too close to stadiums at the upcoming World Cup. Andrei Augusto Rodrigues, security head for major events at Brazil's justice ministry, acknowledged that police misjudged the threat to public safety at Rio de Janeiro in June at the final of the Confederations Cup, a World Cup warm-up.