New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.
A book with a collection of documents and historic background under the heading of The International Community and the Malvinas Question, both in English and Spanish was presented on Monday by Argentine Foreign minister Hector Timerman and top officials from his office.
British naval officer in charge of the UK’s submarine fleet has been appointed as the new Commander British Forces in Gibraltar, with effect from August 5. Commodore Ian McGhrie will succeed Commodore John Clink, who will be promoted to Rear Admiral and will take on the 2-Star appointment of Flag Officer Scotland, Northern Ireland and Northern England and Flag Officer Reserves.
Argentina's claim campaign over the Falklands/Malvinas Islands will have another milestone this week when President Cristina Fernandez opens the Malvinas Museum, which is located on the grounds of the former Navy's Mechanics School, famous for being a torture and disappearance center during the last Argentine military dictatorship and now a Space for Memory.
The FAO Food Price Index was down for the second consecutive month in May, continuing its retreat from the 10-month high it experienced in March. Prices fell as generally ample supplies weighed on international prices for most commodities included in the Index.
The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Argentina's footballers inflamed their country's rivalry with England on the eve of the World Cup on Saturday, unfurling a banner claiming sovereignty of the Falkland Islands before defeating Slovenia 2-0.
The Bank of England kept its benchmark interest rate steady on Thursday to support the UK economy's ongoing recovery, as figures showed house prices rose at the most rapid pace in almost 12 years during May.
The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery. Rising property values could leave households more vulnerable to income and interest rate shocks.