Stories for August 2013

Friday, August 23rd 2013 - 23:15 UTC
“Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.
Friday, August 23rd 2013 - 23:12 UTC
Falklands’ oil companies banned 20 years from operating in Argentina by Cristina Fernandez

Four London AIM listed oil companies carrying out exploration work in Falkland Islands waters have been barred from operating in Argentina. The measure affects Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas.
Friday, August 23rd 2013 - 03:47 UTC
Uruguay closer to ALBA than to the Pacific Alliance says foreign minister

Uruguay is closer to joining the Bolivarian alliance for the Americas, (ALBA) than the Pacific Alliance said Uruguayan foreign minister Luis Almagro to a packed audience with government officials, local businesspeople and diplomats. He also argued that the ‘tail wind’ that has been so favourable for Latinamerica ‘was over two years ago”.
Friday, August 23rd 2013 - 03:30 UTC
Malvinas alleged ‘militarization’ again the obsession of Cristina Fernandez at anti-nuclear conference

During an anti-nuclear weapon conference held in Buenos Aires, Argentine President Cristina Fernández criticised the right to veto used by the five permanent members of the United Nations Security Council which she described as an “out of time” instrument and again attacked the UK for ‘sending nuclear submarines’ to the Falkland Islands and called for a region of peace in the South Atlantic.
Thursday, August 22nd 2013 - 23:45 UTC
Falklands’ lawmakers thank Cristina Fernandez for helping get the Islanders' message to the world

Falkland Islands lawmakers at their final assembly on Thursday thanked Argentine President Cristina Fernandez for her, undoubtedly unintended assistance in getting the Falklands story publicized world-wide and in repeated headlines, reported the latest edition of the Penguin News in its front page.
Thursday, August 22nd 2013 - 23:43 UTC
China will build and finance two dams in Patagonia equivalent to 10% of Argentine power demand

Argentina's government this week awarded a 4 billion dollars contract for the construction of two hydroelectric dams to a consortium led by China Gezhouba (Group) Co. and which includes Argentine firms Electroingenieria SA and Hidrocuyo SA.
Thursday, August 22nd 2013 - 23:40 UTC
Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.
Thursday, August 22nd 2013 - 23:37 UTC
A ‘sustainable’ exchange rate for Brazil is 2.2 to 2.35 Reais to the US dollar

Brazil's development bank BNDES chief Luciano Coutinho said on Thursday that a “sustainable” exchange rate for the country would be between 2.2 and 2.35 Reais to the US dollar, which is currently trading at around 2.44.
Thursday, August 22nd 2013 - 23:24 UTC
Brazil launches 60bn dollars currency-intervention program to boost the sliding Real

Brazil's central bank announced a currency-intervention program on Thursday that will provide 60 billion dollars worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country's currency, the Real which has slipped to near five-year lows against the dollar.
Thursday, August 22nd 2013 - 23:22 UTC
Leaker Manning reveals he is a female and should be addressed as Chelsea

Bradley Manning, sentenced to 35 years in military prison for the biggest breach of classified US documents in US history, said in a statement he is female and wants to live as a woman named Chelsea.