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Argentina seeks strong ties with Russia, China

Online since 54 mins

126 words President Christina Fernandez de Kirchner and her counterpart Vladimir Putin agreed to establish a comprehensive strategic partnership between Argentina and Russia. Economic relations were at the center of bilateral talks in Moscow which resulted in specific developments regarding the ...

Africa’s economic migrants will go back home

Online since 10 hours

320 words According to the World Bank, excluding South Africa, Sub-Saharan Africa continued to grow strongly in 2013 with output increasing by 6.0 percent, well above the global gross domestic product (GDP) average of 2.4 percent. “Africa’s poverty rates have continued ...

No oil prices breakout, the same for natural gas

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180 words Working gas in storage was up at 1,629 billion cubic feet (Bcf) as of April 17, 2015, according to the US Energy Information Agency (EIA) estimates. Stocks were thus 737 Bcf higher than last year at this time and ...

Why did India buy 36 Rafale instead of 126?

Online since 3 days

307 words The decision by the “priest” of the “Made in India” and Prime Minister Narendra Modi to finalize the acquisition of 36 Rafale aircraft built by French supplier Dassault Aviation has been rather unwelcome by both media and analysts in ...

Hillary Clinton 2016’s strengths and weaknesses

Online since 3 days

473 words On April 12, 2015, former First Lady and Senator (D-NY) Hillary Clinton announced her candidacy for the Democratic nomination for the US presidency in the 2016 election. Her main strength is obvious: Clinton is – very – famous. Five ...

ECB’s QE can’t, alone, lift the eurozone’s recovery

Online since 4 days

250 words The “asset purchase program (QE) can do little to lift long-term growth,” Benoît Cœuré, Member of the Executive Board of the ECB, told Greek daily Kathimerini. The QEcan engineer a cyclical recovery, not a long-lasting one,” Coeuré added ...

Against the cyber-threat, Human factor matters

Online since 4 days

397 words In recent years, there has been a global and ongoing trend towards the strengthening of the States and companies’ cyber-defense capabilities. The cyber-threat has become so damaging that it’s at the very top of the global threats listed in ...

How did the 2010 Flash Crash take place?

Online since 5 days

360 words A Layering Algorithm was behind the 2010 « Flash Crash » that sent the Dow Jones Industrial Average (DJIA) on an unexpected and irrational 1000-point ride, putting an indefinite number of traders out of business. A flash crash is a very ...

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“One economic uncertainty stands out, that of continuing UK membership of the EU,” HSBC Chairman Douglas Flint told CNNMoney after he warned the bank could move its HQ out of the UK because of “the regulatory and structural reforms which have been put in place post crisis.” The HSBC has 8,500 employees in London’s Canary Wharf, its biggest office worldwide.

Greece’s is in the eye of a possible new financial storm, yet it does not have adequate online communication means for its policies to be better understood by media and the public opinion. For instance, the press room of Greece’s Ministry of Finance is rather incomplete if not empty. Greece should dedicate a bit more means for its online communication.

EU leaders agreed to mobilize all efforts at their disposal to prevent further loss of life at sea and to tackle the root causes of the human emergency. “The problems we face will not be met with solutions if we deal only with illegal immigration,” said European Commission President Jean-Claude Juncker.

UK Financial Conduct Authority (FCA) has handed Deutsche Bank AG a $340 million fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct. “This case stands out for the seriousness and duration of the breaches by Deutsche Bank,” FCA official Georgina Philippou said.

Petrobras presented a loss of $7.18 billion in 2014, in part due to the charges of the Federal Police’s “Operação Lava Jato” anti-corruption investigation. However the group’s oil and natural gas production (in Brazil and abroad) rose by 5% in relation to 2013, reaching an average of 2.699 million barrels of oil equivalent per day (boe) in 2014.

Since Rouhani administration took office in 2013, Iran’s Finance Ministry wrote, European countries has started to revise their attitude towards the Islamic Republic, with a significant increase in the number European trade delegations visiting Iran.

“I believe ISIS is our greatest enemy right now,” Russian Foreign Minister Sergei Lavrov said in an interview with Russian radio stations. “As far as (relations with the) United States are concerned, these are state issues, these are issues of the world order, which have to be resolved through talks,” Lavrov added.

OAO Gazprom considered the claims brought by the European Commission (EC) to be unsubstantiated after the adoption of “statement of objections” on antitrust charges. “Operation of Gazprom Group on the EU market, including applicable principles of gas pricing, meets the standards that are used by other producers and exporters of gas,” the communiqué said.

US existing-home sales jumped in March 2015 to their highest annual rate in 18 months, according to the National Association of Realtors (NAR). “The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years,” Lawrence Yun, NAR chief economist, commented.

“For the moment I’d say the delivery of the Mistrals (to Russia), in the context we all know, isn’t possible. (…) If the boats aren’t delivered, I don’t see how they could be paid, this is quite a simple principle. (…) Among the different hypotheses, you’d have reimbursement or payment,” French President François Hollande said.

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