While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.
The United Kingdom will not change current policy on the Falkland/Malvinas Islands, according to the UK Ambassador to Spain Simon J. Manley, confirming London's stance on the Islands sovereignty.
Falklands: Back to the future, why the 'new approach' from Argentina is completely missing the point
By the Honourable Mike Summers, OBE (*) - Over the weekend of the 6th and 7th February, the press in Argentina reported that the Government of Argentina (GoA) was going to change its approach to its treatment of the Falkland Islands, its relationship with the United Kingdom and how it intends to “resolve the Falklands question”
Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its “holdout” Bondholders issued the following statement today (Friday, Jan 5):
Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end an exhausting 14-year legal battle, the sovereign debt trial of the century, that transformed the country into a financial markets pariah. Two out of six leading bondholders have already accepted the offer, the U.S. court-appointed mediator said, hailing the proposal by Argentina's new, business-friendly government as an historic breakthrough.
The Falklands' population composition can be described as 'constrictive' since there is a tendency to ageing in the population pyramid, in other words there are more elderly people than children. Comments belong to a member of an Argentine team of geography and migration experts from a university in Santa Fe province (Universidad Nacional del Litoral, UNL), who have been granted scholarships to collect such data from the Islands, based on a project the team presented.
Brazil's inflation rate rose to a 12-year high, officials said on Friday, as Latin America's largest economy continues to struggle through a protracted recession. Driven by rising food prices, the annual inflation rate hit 10.71%, the highest since November 2003 and well beyond the central bank's target ceiling of 6.5%, said national statistics institute IBGE.
The Argentine representation in the Mercosur parliament, Parlasur, is considering inviting a group of 'kelpers' Falklands/Malvinas lawmakers, 'to listen to their needs and promote cooperation, but in the framework of Argentina's unrenounceable sovereignty claim over the Islands'.
Argentina's former foreign affairs minister under ex president Cristina Fernandez, Jorge Taiana has been nominated speaker of the Mercosur Parliament in Montevideo, as of this month and year.
Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789
An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.