Wednesday, July 1st 2015 - 05:41 UTC

Greece in IMF 'arrears'; it will default when it misses commercial payment

S&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 July

Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund.

Wednesday, July 1st 2015 - 02:32 UTC

Magna Carta and King's Writt global tour during last quarter of 2015

 The 800th anniversary of the sealing of Magna Carta provides a unique opportunity to support UK's diplomatic and economic objectives, said Swire

A Foreign Office global tour of the Magna Carta and King's Writt celebrating the 800th anniversary of the unique document is scheduled to begin later this year, said Foreign minister Hugo Swire in his presentation to Parliament requesting the necessary indemnity funds for such exposure.

Wednesday, July 1st 2015 - 02:22 UTC

Wales and Argentina celebrate 150th anniversary of migration to Patagonia

Argentine Ambassador Alicia Castro with Dame Rosemary Butler, Presiding officer from the National Assembly of Wales

Argentina and Wales celebrated on Monday at the National Assembly for Wales, in Cardiff, their historical links with a reception especially dedicated to mark the 150th anniversary of the arrival of the first Welsh settlers to Patagonia. Musicians from both nations gave a concert and a photography exhibition on the Welsh settlements in Patagonia was inaugurated.

Tuesday, June 30th 2015 - 07:14 UTC

EU leaders warn Greeks the referendum vote means “yes or no to the Euro zone”

Greek Prime Minister Alexis Tsipras has urged a 'no' vote but insists he wants Greece to stay in the Euro zone

European leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the Euro. German Vice Chancellor Sigmar Gabriel said the vote would be “yes or no to the Euro zone”.

Tuesday, June 30th 2015 - 06:46 UTC

China's 'World Bank' takes off at ceremony with delegates from 50 countries

UK, Germany, Australia and South Korea are among the founding members. Japan and US, which oppose AIIB, are the most prominent countries not to join.

China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank. Delegates from 50 countries signed articles that determine each member's share and the bank's initial capital.

Tuesday, June 30th 2015 - 05:42 UTC

Commonwealth's 53-member states support Guyana's sovereignty and territorial integrity

“Commonwealth stands as one and speaks with one voice in our commitment to Guyana’s sovereignty and territorial integrity” said Kamalesh Sharma

The 53 member states of the Commonwealth have pledged to support Guyana in the ongoing maritime border dispute with Venezuela. Commonwealth Secretary General Kamalesh Sharma, sought to assure the government of the groupings commitment on his arrival to Jamaica.

Tuesday, June 30th 2015 - 05:16 UTC

Argentina's threat against Falklands' oil companies with no impact on markets

A spokesman for Sam Moody, Rockhopper Exploration’s chief executive, said: “We will not be commenting on moves”

The Argentine court order that assets of several international oil companies drilling for oil in the Falkland Islands be seized has caused mild turbulence in their share prices. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize bank accounts, boats and other assets worth an estimated US$156mln.

Monday, June 29th 2015 - 20:25 UTC

Strangling Falklands' hydrocarbons industry is 'unacceptable' with dangerous implications for global business

“We have been absolutely clear that Argentine domestic law does not apply in the Falkland Islands nor in the waters that surround them”

The government of Argentina's campaign to strangle the Falkland Islands hydrocarbons industry is 'unacceptable' and taking action against British and international oil and gas companies has dangerous implications for global business, warned Foreign Office minister Hugo Swire on Monday reacting to an Argentine federal court ordering the seizure of UK and US assets involved in Falklands' operations.

Monday, June 29th 2015 - 19:45 UTC

Falklands elected government: “Argentina courts have no jurisdiction in the Falklands”

“The Falkland Islands is an Overseas Territory of the UK, and not subject to the laws of Argentina or any of its provinces”, underlined MLA Summers

“Argentine courts have no jurisdiction in the Falkland Islands”, said Falklands' lawmaker Mike Summers early Monday in response to the latest Argentine attempt into bullying the Islands and derailing its economy.

Monday, June 29th 2015 - 06:20 UTC

Greek banks closed and Tsipras takes the dispute with ECB and IMF to the brink

Greece is due to make a €1.6bn payment to the International Monetary Fund (IMF) on Tuesday - the same day that its current bailout expires.

Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe.


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