Politics

Politics
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 - 07:37 UTC

US unemployment drops to 4.9% in January, but hiring is slowing down

The total number of people in work – excluding the agriculture sector – increased by 151,000. Economists had predicted 190,000.

The latest report from the United States Labor Department for January showed job gains slowed more than expected as the boost to hiring from unseasonably mild weather faded last month. However unemployment dropped to 4.9% of the workforce, the lowest in almost eight years.

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.

Saturday, February 6th 2016 - 05:36 UTC

UK will contest UN opinion on 'arbitrary detention' of Julian Assange

“We completely reject any claim that Julian Assange is a victim of arbitrary detention. The UK will formally contest the working group’s opinion”.

The United Kingdom will formally contest the opinion of the UN Working Group on Arbitrary Detention that Julian Assange is a victim of arbitrary detention. From Stockholm Swedish prosecution said the UN ruling had no formal impact into an ongoing rape investigation against the WikiLeak's founder.

Saturday, February 6th 2016 - 05:33 UTC

Africa's decisive 54 votes pledged to Sheikh Salam's bid for FIFA presidency

CAF ExCo urged all 54 member associations  to reserve their votes for Shaikh Salman Bin Ibrahim Al Khalifa during the Feb elections for FIFA  presidency

The Confederation of African Football (CAF) is backing Sheikh Salman in the Bahraini royal’s bid to replace Sepp Blatter as FIFA president. Africa’s 54 members represent a large portion of the total of 209 FIFA voters who are eligible to cast a ballot. Not surprisingly, it’s believed that the candidate who gets the support of Africa will be a big favorite.

Saturday, February 6th 2016 - 05:31 UTC

Brazil's inflation at 12-year high in January driven by food and transportation prices

Food prices jumped 2.28% in January from 1.50% in December as a strong El Niño weather pattern caused floods and disrupted production of fresh vegetables

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.

Friday, February 5th 2016 - 08:22 UTC

Strong support message from S&Ps for Argentina's economic reforms

“We are raising our long-term unsolicited local currency rating to 'B-' from 'CCC+'. Likewise transfer & convertibility (T&C) assessment to 'B-' from 'CCC-'.

Standard & Poor's ratings agency says that Argentina’s new administration has presented a credible plan to deal with long-standing macroeconomic imbalances, eliminated foreign-exchange restrictions, and begun negotiations with its holdout creditors. The outlook on the local currency rating is stable, reflecting the new economic policies of the Administration, but also the potential difficulties in passing and implementing those plans.

Friday, February 5th 2016 - 08:04 UTC

Falklands: Contractual dispute with rig company raises speculation over drilling program

Luxton confirmed that FIG “will not permit anything less than full and proper abandonment of exploration wells drilled by any operator in Falklands”

The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.

Friday, February 5th 2016 - 07:46 UTC

Brazil's 'corrupt' government hurting business and agriculture, says Agco CEO

Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed “politicians right now don't listen”

Brazil's “corrupt” government is hurting the country's business sector, including in agriculture, the head of one of the world's biggest tractor-makers said. Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed he tried, and failed, to persuade Brazil's government to speed up the payment of agriculture support programs used by farmers for funding equipment purchases.

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