International

International
Sunday, August 31st 2014 - 10:36 UTC

Falkland Islands: “looking good for cruise ship season”

Sammy Marsh: “looking good for the coming cruise ship season”

THE 2014/15 cruise ship season is looking good for the Falklands, with approximately 52,000 passengers due to land with 86 calls to Stanley and a further 113 calls to various Camp landings as well.

Saturday, August 30th 2014 - 11:06 UTC

Capital Markets accept review of sovereign default and making terms extensive to all bondholders

The new clauses are “a bit like planting an oak tree. You are looking at a 10-year horizon when this will take hold” said Leland Goss, ICMA general counsel.

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.

Saturday, August 30th 2014 - 11:03 UTC

Britain raises terrorism level to 'severe' in response to possible attacks

“That means that a terrorist attack is highly likely, but there is no intelligence to suggest that an attack is imminent,” May said in a statement.

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.

Saturday, August 30th 2014 - 07:27 UTC

UK embassy in Chile hosted launching of the Oxford University Alumni Society

Ambassador Fiona Clouder, Chairman of Oxford Alumni Chile Isabel Palma Kucera and Professor Leigh Payne

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.

Saturday, August 30th 2014 - 07:07 UTC

New World Bank delegate in Argentina; 'country strategy' to be considered next month

Economist Henstchel is considered well informed of Argentine issues since he spent time in the country following the 2001 meltdown of the economy

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.

Friday, August 29th 2014 - 08:07 UTC

Singer extends 'discovery' looking for Argentine assets in Chinese banks

 While the Chinese banks can oppose the request, Singer's Elliott is confident that the US courts would ultimately allow its request to go through.

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.

Friday, August 29th 2014 - 07:32 UTC

Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

More than 30 wells will be drilled in the pilot stage, which is scheduled for the first quarter of 2015, YPF said in a statement.

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.

Friday, August 29th 2014 - 06:49 UTC

New technology could end the debate over pipeline safety

Despite advances smart pigs aren’t terribly accurate. Pipeline operations have to shut down and analyzing the data smart pigs gather can take some time

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.

Friday, August 29th 2014 - 06:25 UTC

UK expertise to help Santiago's with a 'greener' public transport system

Finn Coyle, Environmental Manager for Transport for London during the conference.

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’.

Thursday, August 28th 2014 - 06:46 UTC

Ebola outbreak needs an 'unprecedented' response to bring it under control

Brice de la Vigne, MSF operations director, said efforts to bring the outbreak under control had been far too chaotic: “It is simply unacceptable”

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.

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