International

International
Wednesday, April 20th 2016 - 07:10 UTC

Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

“With great capacity and dialogue” Argentina is back in the world and has managed to become a reliable trustworthy country, said Macri

“You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.

Wednesday, April 20th 2016 - 06:58 UTC

Argentina makes emerging-market record US$ 16.5b debt sale and ends litigation with bondholders

“We are resolving three issues at the same time: the 2001 default, the default of the previous government and we are returning to the market” said Minister Prat Gay

Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.

Wednesday, April 20th 2016 - 06:15 UTC

Bank of England says it has a duty to talk about the Brexit referendum

BoE governor Carney said the vote was the biggest risk to the UK's financial stability and pointed out that uncertainty was already hitting the growth outlook.

It is the Bank's duty to talk about the European Union referendum risks, argues the Bank of England governor Mark Carney, dismissing accusations the Bank is too political. The referendum takes place on 23 June and has become highly controversial.

Tuesday, April 19th 2016 - 22:42 UTC

First commercial airliner lands in St Helena: new chapter of opportunities for the BOT island in mid Atlantic

British Airways Boeing 737-800 prepares to touch down at St Helena’s airport.  It is the actual Boeing aircraft which will serve the St Helena/Johannesburg route.

The British Overseas Territory St Helena in mid Atlantic made history on Monday as the first large passenger jet aircraft, a Boeing 737-800 (ZS-ZWG), touched down at St Helena’s new Airport shortly after 12.00 noon. This is the actual Boeing aircraft which will serve the St Helena/Johannesburg rout, according to a release from the local government.

Tuesday, April 19th 2016 - 08:47 UTC

Spectacular Argentine return to money markets: bond issue subscribed several times

Argentina attracted US$ 67bn bids for its first bond issue in world markets since it defaulted back in 2001

Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.

Monday, April 18th 2016 - 17:34 UTC

Rousseff loses crucial impeachment vote; Senate decides as economic uncertainty worsens

Voting one by one in a rollicking marathon session broadcast live on television to a rapt Brazilian public, the pro-impeachment lawmakers celebrated wildly

President Dilma Rousseff lost a crucial impeachment vote in Brazil’s lower house on Sunday evening, making her removal ever more likely and deepening the country’s political crisis. Rousseff’s opponents easily obtained the two-thirds majority of votes in the 513-member Chamber of Deputies needed to pass the impeachment measure.

Monday, April 18th 2016 - 12:28 UTC

Colombia's FARC guerrillas appeal to Pope Francis to help ensure the peace deal

Timoleon Jiménez called on the Catholic Church to take a “leading role” and asked Francis to openly support efforts to seal a peace deal.

Colombia's FARC guerrilla organization called on Sunday for Pope Francis's support to prevent other armed groups from disrupting its efforts to seal a peace deal with the government. The Revolutionary Armed Forces of Colombia and the country's government say they are close to a deal to end a half-century conflict.

Monday, April 18th 2016 - 10:12 UTC

Brexit referendum campaign took off on Friday, ten weeks ahead of June 23

The Leave campaign's biggest name -- charismatic London mayor Boris Johnson -- will lead its “Brexit blitz” with rallies on the weekend in northern cities.

Campaigning in Britain's Brexit referendum officially started on Friday, ten weeks ahead of a vote that will hand Britons their first chance to have their say on Europe since 1975. With opinion polls suggesting the British public are deeply divided on whether to stay in the EU, the Leave campaign's biggest name -- charismatic London mayor Boris Johnson -- will lead its “Brexit blitz” with rallies on the weekend in northern cities.

Monday, April 18th 2016 - 10:00 UTC

Labour leader Corbyn will vote for Remain and Reform in the Brexit referendum

“A vote to stay in is in the best interests of the people of this country” said Corbyn who revealed he had held “lengthy conversations” with European leaders

British opposition leader Jeremy Corbyn this week made his most impassioned plea for Britain to stay in Europe, saying the socialist case for the EU had dispelled his long-held suspicion of the bloc. Labour leader Corbyn, who voted against EU membership in a 1975 referendum, said he was now a supporter of the protections it offered workers, consumers and the environment.

Monday, April 18th 2016 - 09:46 UTC

Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

“We'll only reach an agreement if we start to discuss it. We're not going to get closer unless we display proposals. It's a give and take game”, said Malcorra

Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

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