Thursday, March 26th 2015 - 08:22 UTC

Griesa blocks Euroclear from processing any Argentina bonds payments

 Griesa, also said that Euroclear has to notify the hedge funds of any transfers of Argentine bonds and identify the parties involved.

New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing “any payments received from any source” in respect to Argentine bonds.

Thursday, March 26th 2015 - 08:02 UTC

Falklands reassured by UK commitment to defense and by House support

“It is reassuring to know that Her Majesty’s Government remains committed to the defense of our Islands and our home”, said MLA Dr. Elsby

The Falkland Islands elected Legislative Assembly welcomed the statement of Secretary of Defense before the House of Commons and said it was reassuring that the UK government remains committed to the defense of the Islands, and equally significant the strong support received by the secretary from members of Parliament.

Wednesday, March 25th 2015 - 21:35 UTC

Falklands releases “State of the Economy” and “Living Wage” reports

'A Living Wage for the Falkland Islands’ provides the first estimate of earnings necessary to comfortably cover all of a household’s outgoings in the Falkland Islands. (Pic CNN)

The Falkland Islands has released two new documents, the Islands State of the Economy and on income needed to comfortably cover all of a household's expenses. The Falklands enjoys one of the highest standards of living in the Americas with low inflation and virtually full employment.

Wednesday, March 25th 2015 - 08:02 UTC

Germany and Spain mourn the loss 150 people in air crash in the French Alps

Germanwings Flight 9525, operated by the low-cost subsidiary of Deutsche Lufthansa AG, plunged into the mountainside following a rapid descent from cruising altitude

Hundreds turned out in the western German town of Haltern am See to mourn 16 students and two teachers lost in Tuesday’s Germanwings crash in the French Alps. The Airbus A320 crashed en route to Dusseldorf from Barcelona, likely killing all 150 on board, in what would be the worst air accident on French soil in three decades. Spain declared three days of national mourning.

Wednesday, March 25th 2015 - 07:53 UTC

An air crash in 1953 was only a kilometer away from Germanwings tragedy

”A Lockheed L-749A Constellation, F-BAZZ, was destroyed when it crashed into the side of Mont Le Cimet (3020 m), 80 km northwest of Nice, France”

Germanwings tragedy in which 150 people were killed happened strikingly close to another French Alps air disaster, more than half a century ago. The air crash in 1953 unfolded only one kilometer away in the rocky summits of the mountain range of very difficult access.

Wednesday, March 25th 2015 - 07:35 UTC

Obama and Rousseff look to improved relations with a visit to the White House

Rousseff had been scheduled to make a state visit in October 2013, but she cancelled angered by revelations that the NSA spied on her

The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas.

Wednesday, March 25th 2015 - 07:30 UTC

New York Court of Appeals delays decision on Argentina's contempt of court

Judge Griesa moved against Argentina due to its refusal to pay 1.35 billion dollars plus interest and penalty charges to the hedge funds

The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.

Wednesday, March 25th 2015 - 07:07 UTC

Falklands' economy performance impressive, although volatile and vulnerable

Oil was discovered in 2010 on the Sea Lion field and production for the world markets is currently planned for 2019.

The Falkland Islands economy has witnessed impressive, although volatile, growth in recent years with unemployment rates low enough to be the envy of most countries in the world and the government is free of debt, according to the latest “State of the Economy” released by the Falklands Policy Unit.

Wednesday, March 25th 2015 - 06:53 UTC

Pro and against Kirchner rallies on 29th anniversary of 1976 military coup

“We continue to demand that the wall of silence is broken in order to find our grandchildren” said Plaza de Mayo Grandmothers leader Estela de Carlotto

Human rights, political and social organizations commemorated on Tuesday 24 March the 29th anniversary of the military dictatorship that killed anywhere from 9.000 to 30,000 people, marking the beginning of one the darkest period in Argentina's modern history.

Wednesday, March 25th 2015 - 06:39 UTC

Argentina as a 'live threat' to the Falklands, triggers fury from Buenos Aires

The UK is guilty of “bringing up the ghost of a supposed Argentine threat in order to increase the military budget” said the foreign ministry

The government of President Cristina Fernandez accused the United Kingdom of using an alleged Argentine threat to the Falkland/Malvinas Islands in order to boost its military budget, while also claiming that the archipelago has been turned into an electoral campaign issue.


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