Politics

Politics
Thursday, July 31st 2014 - 22:19 UTC

Falklands Chamber of Commerce re-elects Spink; forecast of busy 2015 propped by oil and squid

Roger Spink said it had been a positive year and highlighted FICOC contacts with Punta Arenas and Montevideo

Falkland Islands economy will keep growing and businesses will be busy next year spurred by the oil industry and better Illex catches, anticipated Falkland Islands Chamber of Commerce, FICOC, Roger Spink who was re-elected as head of the Board of Directors.

Thursday, July 31st 2014 - 22:10 UTC

Judge Griesa summons Argentina and holdouts for a Friday hearing

The judge's court filing said Friday morning the case will be “regarding the recent default by the Republic of Argentina,”

After negotiations between the Argentine government and the speculative funds, led by US Special Master Daniel Pollack failed, New York District Judge Thomas Griesa called for a new hearing between the parties for Friday at 12 pm (Argentina time).

Thursday, July 31st 2014 - 07:39 UTC

Mercosur divided on the Gaza Strip statement; Paraguay dissented

“Paraguay favors dialogue and rejects all forms of violence”, said Foreign minister Eladio Loizaga

Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.

Thursday, July 31st 2014 - 07:29 UTC

US imposes travel restriction on a number of Venezuelan officials

The US spokesperson said the restrictions were in response to “arbitrary detentions and excessive use of force” by Venezuelan officials

The United States is imposing travel restrictions on a number of Venezuelan officials. Washington did not specify how many people would be affected, but said those “who have been responsible for or complicit in human rights abuses” would not be “welcome” in the US.

Thursday, July 31st 2014 - 07:24 UTC

Falklands contracts expert in the delivery of capital investment programs

Bassford is currently a director for global advisory firm, RAND, working on projects across maritime, aerospace, defense and environmental sectors.

The Falkland Islands Government announced the appointment of Matt Bassford as the new Director of Central Services, succeeding Simon Fletcher who leaves the Islands this August.

Thursday, July 31st 2014 - 07:13 UTC

Fed further tapers bond-buying program but concerned with labor market

Chairperson Yellen, “indicators suggests that there remains significant ”underutilization of labor resources”

The Federal Reserve said on Wednesday that US growth in economic activity rebounded in the second quarter and labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant “underutilization of labor resources”.

Thursday, July 31st 2014 - 07:05 UTC

Kicillof blames Judge Griesa for the 'no-deal' situation with holdouts

According to Kicillof, Judge Griesa is allowing 1% of holdouts to block 92.4% of bondholder from collecting their coupons

Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors and special mediator Daniel Pollack ended without a settlement on Wednesday.

Thursday, July 31st 2014 - 07:01 UTC

Argentine football decrees 7-day mourn for Grondona's death; Blatter expected for the funeral

A controversial but flamboyant character, Grondona was undisputed boss of Argentina football for 35 years

The head of the Argentine Football Association (AFA) and second-in-command of the FIFA international football governing body passed away at the Sanatorio Mitre private medical center where he had been hospitalized for a cardiac failure earlier on Wednesday.

Thursday, July 31st 2014 - 06:55 UTC

Argentine private banks discussing bond purchase from holdouts

Banker Palla was a member of ex-Minister Lavagna team that negotiated the restructuring of Argentine sovereign debt

The meeting between Argentine private bank representatives and the 'holdouts' over the debt held by the hedge funds has been adjourned and will be resumed on Thursday, according to Buenos Aires financial daily Ambito.com.

Thursday, July 31st 2014 - 01:15 UTC

“Argentina will imminently be in default: no agreement was reached”, said Pollack

Special Master said default is not a mere “technical” condition, but rather a real and painful event that will hurt real people

“Unfortunately no agreement was reached and Argentina will imminently be in default”, admitted Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and its holdout bondholders. Pollack emphasized that with default “the ordinary Argentine citizen will be the real and ultimate victim”.

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