Gerald Cheek, now retired from his position as Falkland Islands Director of Civil Aviation, has addressed a letter to the Penguin News clarifying some details about the 'Unwelcome visits from aircraft', clearly in reference to episodes of Argentine aircraft incursion and landing in the Islands.
Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.
Four minefield clusters have been pinpointed as priority areas for the next clearance phase in the Falkland Islands. Foreign and Commonwealth Office (FCO) Advisor for minefield issues Alistair Craib confirmed this week that Priority 1 is Minefield 59 on either sides of the MPA Road near Wall Mountain and Mount Harriet.
United Nations Conference on Trade and Development (UNCTAD) said that while Argentina was facing potential financial instability, its solvency and the sound macroeconomic fundamentals in other countries of the region “should prevent the shock from developing into a regional financial crisis.”
Argentina is heading towards social outbreak due to soaring inflation, head of the anti-government CGT Azul y Blanca labor confederation Luis Barrionuevo said in statements that have already sparked controversy.
A space tracking station for lunar exploration being built in Argentine Patagonia by China, as part of the strategic relation and accords between the two countries, has caused concern in the Argentine congress because of the secrecy surrounding the terms of the deal.
The original Mercosur is over; it has been reduced to a political block with a three member board, Brazil, Argentina and Venezuela, according to Demetrio Magnoli a renowned Folha de Sao Paulo columnist who added that the 'political' Mercosur has helped the Alliance of the Pacific to advance.
US district judge Thomas Griesa has said he would wait for a decision on a pending appeal before ordering Citigroup to comply with a subpoena served by holdout investors seeking details of any threats from Argentina to process payments the court had blocked.
Despite all the negative news on government restrictions imposed on the Argentine economy and the shortage of hard currency, the country's Merval Index has skyrocketed almost 100% this year, the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.
The Argentine Central Bank foreign reserves would be bolstered this year with up to 800 million dollars in Yuans transferred by China due to the first tranche of the money of the swap agreement signed between both countries, according to banking sources in Buenos Aires.