International

International
Tuesday, July 29th 2014 - 05:43 UTC

Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

The article was credited to Katia Porzcecansky based on a letter from the group's solicitor Christopher Clark

A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.

Monday, July 28th 2014 - 20:21 UTC

First woman commander of a Royal Navy warship removed for alleged breach of social conduct code

The Type 23 frigate HMS Portland during her deployment called at the Falklands and South Georgia

The first female commander of a major Royal Navy warship is understood to have left her vessel after allegations of an affair with one of her officers. Cdr Sarah West, 42, was coming to the end of a seven-month deployment in the Atlantic on board the Type 23 frigate HMS Portland.

Monday, July 28th 2014 - 07:43 UTC

Brazilian Jewish community apologizes to President Rousseff's administration

Israel's Foreign ministry Yigal Palmor called Brazil a 'diplomatic dwarf” and politically irrelevant

Brazil’s Jewish community apologized to the administration of Brazilian President Dilma Rousseff for statements by the spokesman of Israel’s foreign ministry after Brazil recalled its envoy over the Gaza conflict.

Monday, July 28th 2014 - 07:34 UTC

Three top banks accused by investor of trying to rig silver prices

Earlier this year, Barclays Bank was fined 44m dollars by UK regulators after one of its traders was discovered attempting to fix the price of gold.

Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.

Monday, July 28th 2014 - 07:11 UTC

Dutch government releases former Venezuelan general retained on DEA request

Dutch government releases former Venezuelan general retained on DEA request

The Dutch government released a former Venezuelan general who was detained on US drug charges when he arrived in Aruba to serve as his country's consul on the Dutch Caribbean island, sending him home Sunday night and defusing a diplomatic fight with its neighbor.

Saturday, July 26th 2014 - 06:49 UTC

IMF warns about 'default' costs for Argentina; calls for debt restructuring mechanisms

“If Argentina goes into default and doesn't pay the holdouts, for some time it will be unable to access markets” said Olivier Blanchard

The IMF's chief economist warned that a default by Argentina in its battle with holders of its defaulted debt may hurt its economy and the global financial system. Argentina continues to face the fallout of its 2001 debt default, which plunged the country into an economic crisis it is still battling to overcome.

Saturday, July 26th 2014 - 06:31 UTC

Majority of Uruguayan support sheltering children from the Syrian conflict

The initiative from President Mujica has an overall backing from 66% according to the latest public opinion poll

Uruguay's president Jose Mujica proposal to shelter Syrian children refugees from the ongoing Middle East conflict has the support of 66% of the population and is rejected by 23%, according to a public opinion poll released this week by a local television channel.

Saturday, July 26th 2014 - 05:54 UTC

Gibraltar praises call for dialogue with Madrid from Spanish politicians

The senior Spanish politicians Pepe Carracao, Rafael Roman and Salvador de la Encina belong to the opposition Socialist party, PSOE.

The Gibraltar government welcomed the call by three senior Spanish politicians for Spain, the UK and Gibraltar to engage in dialogue. The call was made public in a joint statement issued by former senior Spanish politicians Pepe Carracao, Rafael Roman and Salvador de la Encina.

Saturday, July 26th 2014 - 05:45 UTC

FIFA rejects calls to strip Russia of the 2018 World Cup over Ukraine crisis

“History has shown so far that boycotting sport events or a policy of isolation or confrontation are not the most effective ways to solve problems.”

Amid mounting criticism of Russia over the MH17 plane tragedy and conflict with Ukraine, FIFA rejects calls for the country to be stripped of 2018 World Cup hosting rights and says a boycott is no solution to the crisis.

Friday, July 25th 2014 - 21:22 UTC

“Malvinas banner” display costs Argentina 30.000 Swiss francs fine

'Las Malvinas son Argentinas', before kick-off in a friendly against Slovenia in La Plata on June 7.

FIFA has fined the Argentine Football Association 30,000 Swiss francs (£19,540) as punishment for the displaying of a provocative banner relating to the Falkland Islands.

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