You can set sail peacefully, because there will be no repeat of the 2012 situation, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.
Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.
It is the Bank's duty to talk about the European Union referendum risks, argues the Bank of England governor Mark Carney, dismissing accusations the Bank is too political. The referendum takes place on 23 June and has become highly controversial.
The former president of Chile, Patricio Aylwin, has died aged 97 of natural causes, his family reported. Aylwin, a centre-right Christian Democrat, became president in 1990 and oversaw the transition to democracy following 17 years of military rule under General Augusto Pinochet.
The Falkland Islands will join on Thursday the timely British tradition of celebrating royal occasions lighting beacons throughout the United Kingdom, Channel Islands, Isle of Man and UK Overseas Territories in celebration of Her Majesty The Queen’s 90th Birthday on 21st April, announced the Falklands' government.