Mercosur

Mercosur
Saturday, February 13th 2016 - 04:08 UTC

'Queen Mary 2' calls in Ushuaia after ten-year absence

Passengers after landing at the Ushuaia jetty, with the Queen Mary 2 anchored in the bay

One of the world's largest and most iconic cruise vessels called at Ushuaia, extreme south of Argentina, on Thursday following an absence of over ten years. Given the size of the 'Queen Mary 2', she anchored in the bay and those passengers of the 2.600 on board who decided to land were brought ashore in tenders.

Friday, February 12th 2016 - 18:47 UTC

Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper

The notice to terminate follows a number of operational issues with the Eirik Raude rig. Chatham well is deferred until Sea Lion pre-development drilling campaign.

Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.

Friday, February 12th 2016 - 18:14 UTC

Falklands' exploratory campaign ended, following termination of ocean rig contract

The rig 'Eirik Rude' experienced a number of material operational issues, according to Premier Oil and Noble Energy

The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.

Friday, February 12th 2016 - 07:02 UTC

Majority of Mercosur teen-agers are 'low performers' in maths, science and reading

Two out of three Argentine teenagers are classified as “low performers” in maths, according to OECD which ranks Argentina 57th out of 64 countries in the subject.

Bad news for Mercosur aspirations. Low standards at schools in most of South America are a common problem according to the latest report by the Organization for Economic Cooperation and Development, OECD, which has the region's students among the last fifteen in a list of 64 countries.

Wednesday, February 10th 2016 - 07:24 UTC

Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

Recently elected President Macri has taken a more conciliatory approach to the litigant funds, because of the need to regain access to vital hard currency funding.

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.

Wednesday, February 10th 2016 - 07:08 UTC

London's position on Falklands 'unchanged', says UK ambassador in Spain

“Our position regarding the (Falkland) Islands is very well known and is not going to change,” Manley said on Monday in conversation with the Spanish news agency.

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.

Wednesday, February 10th 2016 - 02:33 UTC

Falklands: Back to the future, why the 'new approach' from Argentina is completely missing the point

“We are not a commodity to be traded between two nations; we are a people, we have a home, and we have the universally-recognised human right to determine our own political future”.

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”

Saturday, February 6th 2016 - 07:57 UTC

Pollack statement: “pleased to report that enormous progress has been made”

I have personally spoken today by telephone to President Mauricio Macri and, earlier in the day, to Minister of the Economy Alfonso Prat-Gay.

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):

Saturday, February 6th 2016 - 07:00 UTC

Argentina close to a full agreement with holdouts: US$ 6.5bn offer to end the litigation

“The agreement was awesome,” Caputo said in New York. “We have had a good reception of the proposals and I feel optimistic.”

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”.

Saturday, February 6th 2016 - 06:22 UTC

Falklands' population in 'constrictive' trend, says Argentine team on the field

“There are few children and the fertility rate is low” says Gustavo Peretti, head of UNL's Geography Department  who travelled to Falklands with Mariano Varisco.

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.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!