Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday.
In Europe's eastern half, the disintegration of the Soviet Union and Yugoslavia created many new countries. In Western Europe, however, borders of the old nation states seemed to be carved in stone and although there have been secessionist tendencies, some of them militant, they never seemed to have a shot in reality, according to a Deutsche Welle report from Berlin.
Queen Elizabeth II has broken her silence over the Scottish independence vote, saying she hopes Scots will think very carefully about the future when voting in a referendum that could break up the United Kingdom.
Former Spanish Judge and Human Rights activist Baltasar Garzon praised the Sovereign Payment law approved by Argentina’s Congress last week and described the United Nation’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as “essential.”
Britain's Prime Minister David Cameron chaired a meeting of the government's emergency response committee on Sunday under growing pressure to sanction air strikes after an Islamic State video showed the beheading of a British hostage.
FAO's Food Price Index is a trade-weighted index that measures prices of five major food commodities on international markets: in addition to sub-indices for prices of cereals, it also tracks meat, dairy products, vegetable oils, and sugar.
Venezuela’s populist government has quietly secured the backing of Latin America and the Caribbean to obtain a diplomatic trophy that long eluded the late Hugo Chavez: a seat on the United Nations Security Council.
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.”