The International Capital Market Association (ICMA) published on Friday the revised framework that allows a majority of investors holding sovereign bonds that default to make changes to the terms, such as extending maturities or reducing the principal.
Britain raised its terrorism threat level on Friday to severe, the second highest level, in response to possible attacks being planned in Syria and Iraq, Home Secretary (interior minister) Theresa May said.
The British Ambassador to Chile, Fiona Clouder, hosted a reception for the launch of the Oxford University Alumni Society. The event held at the British residence in Santiago was attended by current and former Oxford students, professors as well as other professionals interested in supporting the Society.
The World Bank board of directors will be discussing sometime next month a new aid program for Argentina focused on combating poverty, but the loans approval can't be expected until next year, according to the bank's new representative in Argentina, Jesko Hentschel.
As it did in Nevada and California, a unit of billionaire Paul Singer's Elliott Management, which is Argentina's main holdout creditor, is extending its legal fight with the country to China. NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on 6.8bn dollars in financing for deals signed by the two countries in July.
Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation.
Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too.
The British Embassy in Chile together with the Metropolitan Public Transportation Department (DTPM) and the consultant company Sistemas Sustentables Ltd., Chile hosted the workshop ‘Improving bus technology within the public transport system of Santiago’.
The Ebola outbreak in West Africa is going to get worse before it gets better, according to the top US public health official. Tom Frieden, the director of the Centers for Disease Control, said the epidemic would need an unprecedented response to bring it under control.
British Composer award winner Simon Dobson’s latest high profile collaborative project will be heard at Queen Elizabeth Hall in London in October, with the premiere of a new restoration of one of the most significant films about the First World War.