Stories for 2013

Wednesday, November 20th 2013 - 04:55 UTC

Uruguay confirms third pulp mill project, but to the east of the country close to Brazil

Montes del Plata on the River Plate should begin production in early 2014

Finland's UPM/Botnia plant, which is an ongoing motive of dispute with Argentina is planning a second pulp mill but to the east of Uruguay, announced Vice-president Danilo Astori, confirming a previous statement from the First Lady and Senator Lucia Topolansky.

Wednesday, November 20th 2013 - 04:48 UTC

Falklands' delegation to Overseas Territories conferences in London and Brussels

The delegation also includes Governor Haywood and Sukey Cameron

Two Falkland Islands Members of the Legislative Assembly, Roger Edwards and Ian Hansen will be attending the second annual Overseas Territories Joint Ministerial Conference (JMC) in London on the 25th of November 2013. The Falkland Islands’ delegation will also include HE the Governor Nigel Haywood, Jamie Fotheringham (Head of Policy), and Sukey Cameron (UK Representative).

Wednesday, November 20th 2013 - 04:38 UTC

JP Morgan agrees to pay record 13bn settlement for misleading investors

“The conduct uncovered in this investigation helped sow the seeds of the mortgage meltdown” said Attorney General Eric Holder

US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate US laws.

Wednesday, November 20th 2013 - 04:16 UTC

UK summons Spanish ambassador following the latest incursion in Gibraltar territorial waters

Ambassador Federico Trillo has been summoned to the Foreign Office for the third time since 2011.

Acting Permanent Under Secretary Matthew Rycroft summoned the Spanish Ambassador H.E. Federico Trillo on Tuesday afternoon to raise the United Kingdom’s serious concerns regarding a significant incursion into British Gibraltar Territorial Waters on 18 and 19 November.

Tuesday, November 19th 2013 - 09:08 UTC

US government sides with Repsol in the YPF assets seizure with Argentina

US Secretary of Energy Ernest Moniz was asked about the issue in Madrid

United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

Tuesday, November 19th 2013 - 08:55 UTC

Kerry declares the Monroe Doctrine dead: “we are equals sharing responsibilities”

Secretary of State addressing the OAS and calling for partnership (Photo:AP)

US Secretary of State John Kerry on Monday declared that a nearly 200-year-old policy which had governed Washington's relations with Latin America was finally dead. Known as the Monroe Doctrine after it was adopted in 1823 by former US president James Monroe, the policy had stated that any efforts by European countries to colonize land in North or South America would be views as aggressive acts and could require US intervention.

Tuesday, November 19th 2013 - 08:43 UTC

Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

Robert Koenigsberger, managing partner and chief investment officer of Gramercy Funds Management

A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

Tuesday, November 19th 2013 - 07:34 UTC

The Lady, without mourning, is back to run the show: “Hi, how are all of you?”

Cristina Fernandez holding the pup Simon, a gift from Hugo Chavez brother Adan and next to a giant penguin sent by a well wisher

Argentine President Cristina Fernandez reappeared Monday in a video for the first time since the October 8 cranium surgery to remove blood clots. Very much in control of the situation and specially impressive for the occasion the Argentine leader reopened her Twitter and with a first message in 45 days that said: “Hi, how are all of you?”

Tuesday, November 19th 2013 - 07:22 UTC

Cristina Fernandez reshuffles cabinet and names new economic team

Capitanich, cabinet chief and Kicillof, Economy minister

The administration of Argentine President Cristina Fernández announced on Monday a major cabinet reshuffle naming Chaco governor Jorge Capitanich as new cabinet chief and Axel Kicillof Economy minister while the Central bank will have a new president, Carlos Fabrega.

Tuesday, November 19th 2013 - 00:24 UTC

Falklands established national minimum wage and legislation: £ 5.05 per hour

Workers aged 16 to 17 will receive a minimum of £ 3.10 (Pic: PN)

Sunday 1st December 2013 marks the introduction of the new National Minimum Wage legislation for the Falkland Islands. From this date, employers are required by law to pay their workers aged 18 years and over a minimum of £5.05 per hour, equivalent to approximately 8.13 dollars (or £3.10 per hour for workers aged 16 or 17 years).

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