The Argentine court order that assets of several international oil companies drilling for oil in the Falkland Islands be seized has caused mild turbulence in their share prices. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize bank accounts, boats and other assets worth an estimated US$156mln.
Strangling Falklands' hydrocarbons industry is 'unacceptable' with dangerous implications for global business
The government of Argentina's campaign to strangle the Falkland Islands hydrocarbons industry is 'unacceptable' and taking action against British and international oil and gas companies has dangerous implications for global business, warned Foreign Office minister Hugo Swire on Monday reacting to an Argentine federal court ordering the seizure of UK and US assets involved in Falklands' operations.
“Argentine courts have no jurisdiction in the Falkland Islands”, said Falklands' lawmaker Mike Summers early Monday in response to the latest Argentine attempt into bullying the Islands and derailing its economy.
Chile defender Gonzalo Jara will miss the rest of the current Copa America after being suspended for three matches for sticking his finger up an opponent's backside and feigning injury during a match.
President Cristina Fernandez Victory Front candidate for Tierra del Fuego Rosana Bertone will be the next governor of the province, after rival Federico Sciurano conceded defeat in the race to succeed Fabiana Ríos. With 70.9% of ballot stations counted Victory Front senator Bertone led with 50.1% of votes compared to 46.52% for Sciurano, from the opposition led coalition.
Argentina's flag carrier sacked two pilots and banned a glamorous star and part time stripper from flying in the airline following the release of a video where she is seen in the cabin manipulating some of the instruments when taking off and landing. Victoria Xipolitakis personally offered the recording in her cellular to a local television channel triggering immediate reaction from Aerolineas Argentinas, air security authorities and even passengers.
Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe.
Brazil's President Dilma Rousseff met Sunday with investors in New York on the first day of a long-delayed US visit aimed at overcoming strains caused by the NSA spying scandal. Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.
Puerto Rico’s governor Alejandro Garcia Padilla has admitted that the island cannot pay its roughly $72 billion dollars in debts, an admission that will probably have wide-reaching financial repercussions beginning Monday. Last week the governor and his top staff anticipated they would seek significant concessions from the island’s creditors.
Argentina will pursue in Britain and the United States a local judge's order to seize assets of oil drillers operating in the disputed Falklands Islands, the Argentine foreign minister Hector Timerman said in an interview published in a government financed newspaper on Sunday.