Griesa rejects 'stay'; orders Argentina and holdouts to meet 'round the clock' to reach a deal

Griesa said an Argentine default would be “most unfortunate” because it would hurt 'real people' and urged Argentina to take “sensible steps”Griesa said an Argentine default would be “most unfortunate” because it would hurt 'real people' and urged Argentina to take “sensible steps”

US Judge Thomas Griesa rejected on Tuesday Argentina’s request for a suspension ('stay') on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to holdout speculative funds and instructed Argentina and holdouts to meet on Wednesday morning for a first face-to-face meeting.

Falklands' largest ever squad competing at Commonwealth Games in Glasgow

Badminton squad: Sonia Arkhipkina, Laura Minto, coach Rebecca Pantaney, Doug Clark, physio Nat Hill, Chris Eynon, Anna Luxton, Dominic Jaffray, Louise Williams, Ross Stewart and Michael BrownleeBadminton squad: Sonia Arkhipkina, Laura Minto, coach Rebecca Pantaney, Doug Clark, physio Nat Hill, Chris Eynon, Anna Luxton, Dominic Jaffray, Louise Williams, Ross Stewart and Michael Brownlee

Commonwealth Games take off in Glasgow, Scotland on Wednesday with the Falklands squad the largest the Islands have ever sent to the Games. Falklands will be competing in Badminton, Lawn Bowls and Shooting. The Games are estimated to have a global audience of 1.5 billion during the lavish opening ceremony.

“Calamitous” state of Argentine Armed Forces equipment

 The icebreaker Irizar caught fire in 2007 and is still in dry dock The icebreaker Irizar caught fire in 2007 and is still in dry dock

Argentine investigative reporter Jorge Lanata, loathed by the current government of president Cristina Fernandez for his disclosure of the close business links of certain unscrupulous entrepreneurs (or most probably straw-men) who have become millionaires during the Kirchner years, has now exposed the 'calamitous' state of the Argentin...

China/Argentina swap disagreements to be addressed by courts in London and Paris

Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts

Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

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