Argentina’s Congress approves $5B Repsol indemnity

Argentina's Congress approves $5B Repsol indemnity

Argentina is hoping to have an easier time attracting international investors to exploit its oil and gas fields now that lawmakers have agreed to pay $5 billion to the Spanish company Grupo Repsol for ... … [Read more...]

Meet the Banking Caucus, Wall Street’s secret weapon in Washington

Scott Garrett

Industry campaign cash flows to pro-bank activists in Congress, yielding big returns. … [Read more...]

FACTBOX-Key pending reforms facing India’s next government

The biggest challenge for India's next government, due to take charge after election results in May, will be to pull the economy out of its deepest slump in decades. Thursday was the sixth round of voting, which runs to May 12, with one recent opinion poll showing that the opposition Bharatiya Janata Party (BJP) and its allies may win an outright majority, ousting the Congress-led government. Here are 10 economic reform challenges that will require urgent attention from the new government: 1) GOODS AND SERVICES TAX (GST): India's most ambitious indirect tax reform would replace existing state and federal levies with a uniform tax, boosting revenue collection while cutting business transaction costs. GST, which could boost India's economy by up to two percentage points, has so far faced … [Read more...]

India’s BJP eyes gains in south, east to cut clout of regional queens

A woman gets her finger marked with ink before casting her vote at a polling station, in Malda district of West Bengal

India's opposition Bharatiya Janata Party was set to make gains in two big states in the south and east that began voting on Thursday in the sixth phase of a mammoth general election that could help it build a stable majority in parliament. A final set of opinion polls predicted a strong showing by the BJP and its allies in Tamil Nadu in the south and West Bengal in the east that could make it less dependent on the two women who rule those states and who have in the past proved to be fickle coalition partners. The Hindu nationalist-led opposition, led by prime ministerial candidate Narendra Modi, is riding a wave of public anger across India against the ruling Congress party over a slew of corruption scandals and a slowing economy. A little over 180 million people were registered to … [Read more...]

Pentagon dossier to detail secretive U.S. Afghan detainee policy

Afghan prisoners walk outside the Parwan Detention Facility after their release in Bagram Airbase

Some are suspected fighters from Yemen, Russia or Pakistan, arrested by U.S. forces in Afghanistan or elsewhere. Several have been linked to al Qaeda. As the U.S.-led war in Afghanistan winds down, the White House will soon provide Congress a dossier on about 50 non-Afghan detainees in a U.S. military prison north of Kabul. Their uncertain fate presents sensitive security and legal problems for the Obama administration in an echo of Guantanamo Bay. … [Read more...]