Politics

Politics
Friday, August 15th 2014 - 02:21 UTC

Last minute decision saved Marina Silva from travelling with Campos

Marina's conservationist advocacy has earned the wrath of Brazil’s agribusiness, but she also appeals to conservative voters with her defense of family values

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

Friday, August 15th 2014 - 02:15 UTC

Unasur Montevideo summit planned for next week, suspended until October

At the summit Surinam will hand over the pro tempore presidency to Uruguay and Ernesto Samper is to be confirmed as next Secretary General

A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.

Thursday, August 14th 2014 - 14:48 UTC

Glasgow shipyard awarded contract for Royal Navy's offshore patrol vessels

Royal Navy’s current River Class vessels will be improved so that Merlin helicopters can operate

The offshore patrol vessels (OPVs), which will be used by the Royal Navy to undertake various tasks in support of UK interests both at home and abroad, will be built at BAE Systems’ shipyards in Glasgow.

Thursday, August 14th 2014 - 06:44 UTC

Aurelius Capital confirms no deal with banks on Argentina's bonds

“Argentine officials made a cynical and cold decision in letting the country default, the worst is yet to come”, said Mark Brodsky from Aurelius

Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.

Thursday, August 14th 2014 - 06:34 UTC

Talks between global banks and Argentine creditor hedge fund “collapsed”

Elliott Management hedge fund and JPMorgan, Citigroup, HSBC, and Deutsche Bank were in negotiations

Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.

Thursday, August 14th 2014 - 06:19 UTC

Santiago's security chief fires following the record “embarrassing” robbery

“While the investigation is being carried out, the security chief of the airport has been relieved from his duties,” Minister Burgos told a news conference.

Chile has fired the security chief of the country's main airport after an “embarrassing” robbery of more than 10 million dollars at the cargo terminal. Defense Minister Jorge Burgos said a probe had been launched into how eight armed men had managed to steal the money from a security van at the airport in the capital, Santiago.

Thursday, August 14th 2014 - 06:11 UTC

Argentina: US dollar reaches a new record of 13.15 Pesos in Buenos Aires 'blue' market

The market fears that central bank president Fabrega might have lost the battle with Kicillof (R)

The US dollars climbed to a record 13.15 Pesos on the black or 'blue' market on Wednesday trading as fears mount regarding the outcome of the holdout bonds conflict with the New York court. The official dollar rate closed at 8.2750 Pesos.

Thursday, August 14th 2014 - 05:41 UTC

US Nevada court grants 'holdouts' discovery rights into assets of Kirchner family friends

“Campagnoli authored a report stating that Baez laundered 65 million dollars through 15 Nevada corporations”

The hedge fund Elliott Management secured a victory on Tuesday in its pursuit of Argentine assets abroad, as a court in the US state of Nevada granted the corporation discovery rights to 123 companies allegedly linked to the Santa Cruz public works tycoon Lazaro Baez, and believed to be closely linked to the Kirchner family.

Wednesday, August 13th 2014 - 22:29 UTC

Majority of Argentines fear consequences of the default and favor continuing negotiations

Support for Cristina Fernandez has also dropped during the last month in parallel with the ongoing drop in consumers' confidence

A majority of the Argentine electorate is pessimistic about the consequences of the 'selective default' on the economy, but considers that negotiations with the 'holdouts' must continue, according to a public opinion poll from Poliarquia which also showed that support for president Cristina Fernandez has fallen during the last month.

Wednesday, August 13th 2014 - 22:01 UTC

Campos' successor, Marina Silva represents a stronger challenger for Dilma

From a very poor family of rubber tappers, Marina has been lawmaker, minister and in the 2010 election surprised when she captured 19.5% of the vote

The deceased Brazilian presidential candidate Eduardo Campos, 49, was a former governor of the northeastern state of Pernambuco and belongs to a traditional family from the Brazilian political establishment.

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