Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina to default, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.
The Secretary General of the Organization of American States (OAS), José Miguel Insulza, met on Thursday with the Minister of State for Crime Prevention of the United Kingdom, Jeremy Browne, with whom he analyzed the drug situation in the region.
The UK is back in full force in Latinamerica, and particularly in Paraguay, the fastest growing economy in the region, said Foreign Office minister Hugo Swire during the inauguration of the British embassy in Asunción, which had been shut down back in 2005.
IMF managing director Christine Lagarde says failure to raise the US debt ceiling would be a far worse threat to the global economy than the current shutdown. The shutdown is due to a budget standoff between President Barack Obama and Congress. But a worse problem looms: the US will run out of money if there is no agreement to raise the borrowing limit.
An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.
Argentine bio-diesel producers will fight European Union proposals to impose punitive duties on imports from the country, saying the move would remove its biggest export market and raise prices in Europe.
One day after the Argentine government extended the deadline to legalize undeclared cash, energy company Bridas International gave new life to the BAADE energy bonds, the most relegated portion of the whitewash scheme, by saying it would snap up 500 million dollars of the paper.
Foreign and Commonwealth Office Minister for Latin America, Hugo Swire is in Sao Paulo the last leg of this latest South American tour that had him in Asuncion, Paraguay and the Brazilian cities of Porto Alegre and Brasília in the beginning of the week.
Britain has enshrined, in a written statement to the United Nations, its commitment that it will not enter into a process of sovereignty negotiations with which Gibraltar is not content. And it has also reaffirmed its sovereignty over Gibraltar and its territorial waters, according to the Gibraltar Chronicle.
Singapore has signed a new Open Skies Agreement with Uruguay. The agreement allows designated airlines to fly between both countries and it is more liberal than conventional ones, said the Singapore Ministry of Transport in a statement on Wednesday.