Current Edition

Current Edition
Friday, July 4th 2014 - 07:17 UTC

Falklands' praise for Cobos' visit: 'at least he will have a better understanding of the Islands'

Cobos politely declined an interview with the Penguin News

The former Argentine vice-president and presidential hopeful Julio Cleto Cobos who visited the Falklands this week will at least have a better understanding of the Islands commented Member of Legislative Assembly Phyl Rendell on behalf of the Assembly Thursday.

Friday, July 4th 2014 - 07:00 UTC

Tragic overpass collapse resurfaces Brazil's World Cup spending controversy

Two people were killed, at least 23 injured and several vehicles crushed by the collapsing tons of concrete

Concerns over Brazil's World Cup preparations took a deadly turn on Thursday after a partially finished highway overpass collapsed on a road below, killing at least two people and wounding at least 23 others in Belo Horizonte, according to state health officials.

Friday, July 4th 2014 - 06:50 UTC

Draghi pledges monetary stimuli to revive the economy and avoid deflation

The ECB president said he want inflation back at 2% from the current 0.5%

European Central Bank president Mario Draghi reiterated on Thursday that he'll keep interest rates low as officials try to revive the region's economy with a new round of emergency measures.

Friday, July 4th 2014 - 06:34 UTC

US unemployment down to 6.1% and the Dow Jones at 17.000 for first time

 The labor force participation rate remained steady at 62.8%, indicating that decline was not due to discouraged workers

US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown. The unemployment rate dropped to 6.1%, its lowest level since September 2008.

Friday, July 4th 2014 - 06:18 UTC

EC visit and review of Gibraltar/Spain border welcomed by Minister Lidington

“Delays at the border in recent weeks experienced by the people of Gibraltar and the Campo area were at totally unacceptable levels”, said the minister

UK Minister for Europe David Lidington welcomed Thursday’s return visit to Gibraltar by the European Commission to review progress towards addressing delays at the Gibraltar-Spain Border. Lidington recently visited Gibraltar to check the situation at the border and incursions by Spanish vessels of the Rock's waters.

Friday, July 4th 2014 - 06:00 UTC

OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

Timerman said he appreciated solidarity and commitment from the region but ”I do not quite understand the US’s position”

The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”

Friday, July 4th 2014 - 05:50 UTC

Cobos' party question his military friend visiting the Falklands next to him

The picture of Cobos and Duarte at the Argentine cemetery in Darwin

Argentina' Radical party national committee (UCR) took distance from the trip to the Falklands/Malvinas of lawmaker Julio Cleto Cobos and underlined that the visit of the former governor from Mendoza province was “something personal” and in no way involves 'institutionally' the party.

Thursday, July 3rd 2014 - 07:02 UTC

Cobos Falklands' trip receives praise: challenge for all Argentina presidential hopefuls

The former vice-president of Cristina Fernandez seems very fond of photos as the tours the Falklands

Despite Argentina's news agenda is absorbed by the World Cup, another possible default and the indictment for corruption of Vice-president Amado Boudou, the Argentine media still has time to talk about former vice-president and presidential hopeful Julio Cleto Cobos' current trip to the Falkland Islands.

Thursday, July 3rd 2014 - 06:57 UTC

US bank caught in bonds litigation requests guidance from Judge Griesa

BNY Mellon, the world's largest custody bank, has told Griesa it has done nothing with the money because it is following his orders

The Bank of New York Mellon, fearful of being sued by Argentine bondholders and unwilling to defy a court order blocking their coupon payments, is seeking guidance from U.S. Judge Thomas Griesa on what to do with the money.

Thursday, July 3rd 2014 - 06:45 UTC

Argentine squid industry concerned with a significant drop in prices

Argentina total landings of squid between January first and 13 June reached 133.087 tons according to official stats

A significant decline in catches of squid (Illex argentinus) in Argentine waters at the end of the season, has forced the return to port of several Argentine flagged jiggers, according to a report this week from the country's Coast Guard station in Mar del Plata.

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