Politics

Politics
Friday, February 12th 2016 - 06:27 UTC

Petrobras faces legal challenges in the billions from international investors

U.S. District Judge Jed Rakoff in Manhattan certified two classes of plaintiffs, saying their claims are similar enough to be pursued as groups.

Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas.

Friday, February 12th 2016 - 01:51 UTC

Mod funds to design the successor of Royal Navy's Vanguard class submarines

BAE Systems is the industrial lead on the program alongside colleagues from the MoD, Rolls Royce and Babcock working at Barrow-in-Furness, Cumbria.

The United Kingdom Ministry of Defense (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.

Thursday, February 11th 2016 - 05:57 UTC

Fed warns about uncertainty in China and tightening financial markets

Yellen said there are good reasons to believe the US will stay on a path of moderate growth that will allow the Fed to pursue “gradual” adjustments to monetary policy.

Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.

Thursday, February 11th 2016 - 05:45 UTC

ICAO agrees on first binding limits on emissions from the aviation industry

“Carbon emissions from aviation are growing rapidly, with the number of flights worldwide expected to double in the next 15 years,” said Stephane Dujarric

UN Secretary-General Ban Ki-moon welcomed the announcement by the International Civil Aviation Organization (ICAO) proposing the first binding limits on emissions from the aviation industry.

Wednesday, February 10th 2016 - 23:11 UTC

Montevideo-Stanley, an integrating and necessary air link

Representative Jaime Trobo from Uruguay's senior opposition party, Partido Nacional

By Jaime Trobo (*) - For some time now we have been arguing that Uruguay must strengthen its bonds and contacts with a neighboring territory, in the southern cone, part of our American continent, where families who arrived in our region during the first half of the XIX century live, and with whom those contacts, once very intense, have waned, particularly in the last decades.

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 - 07:16 UTC

US Treasury's strong support message for Argentina's litigation with holdout funds

The statement said Lew “echoed Pollack’s strong hope that all creditors will be able to resolve their differences and reach Agreements in Principle with Argentina.”

The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.

Wednesday, February 10th 2016 - 07:10 UTC

Three letters from Macri to Ban Ki-moon; possible summit with Obama in New York

In one of the letters president Macri confirms he will be at the United Nations on 22 April for the signature of the Paris agreement on climate change.

Argentina's foreign minister Susana Malcorra met on Tuesday in New York with United Nations Secretary General Ban Ki-moon and delivered three letters from president Mauricio Macri.

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”

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