Politics

Politics
Tuesday, June 30th 2015 - 05:16 UTC

Argentina's threat against Falklands' oil companies with no impact on markets

A spokesman for Sam Moody, Rockhopper Exploration’s chief executive, said: “We will not be commenting on moves”

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.

Monday, June 29th 2015 - 20:25 UTC

Strangling Falklands' hydrocarbons industry is 'unacceptable' with dangerous implications for global business

“We have been absolutely clear that Argentine domestic law does not apply in the Falkland Islands nor in the waters that surround them”

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.

Monday, June 29th 2015 - 19:45 UTC

Falklands elected government: “Argentina courts have no jurisdiction in the Falklands”

“The Falkland Islands is an Overseas Territory of the UK, and not subject to the laws of Argentina or any of its provinces”, underlined MLA Summers

“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.

Monday, June 29th 2015 - 07:05 UTC

End of Copa America for Chile's “Finger of God” Jara: three matches suspension

The controversial incident between Chile'a Jara and Uruguay's striker Edison Cavani

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.

Monday, June 29th 2015 - 06:52 UTC

Tierra del Fuego governorship goes for a Cristina Fernandez ally

Last Sunday, Bertone won the first round of voting after mustering 42.26% of the votes against the 34.24% Sciurano.

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.

Monday, June 29th 2015 - 06:44 UTC

Aerolineas Argentinas and the stripper who pulled the take off throttle

Vicky and her two new friends in a selfie taken in the Buenos Aires Rosario flight

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.

Monday, June 29th 2015 - 06:20 UTC

Greek banks closed and Tsipras takes the dispute with ECB and IMF to the brink

Greece is due to make a €1.6bn payment to the International Monetary Fund (IMF) on Tuesday - the same day that its current bailout expires.

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.

Monday, June 29th 2015 - 06:08 UTC

Loathed at home, Dilma Rousseff tries to rebuild image among US investors

Rousseff, who arrived Saturday, kicked off her US visit by meeting Sunday in New York with a group of about 20 Brazilian business leaders.

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.

Monday, June 29th 2015 - 05:58 UTC

Greece in the Caribbean: Puerto Rico admits it's broke and can't pay debts

“The debt is not payable,” governor García Padilla said. “There is no other option. I would love to have an easier option. This is not politics, this is math.”

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.

Monday, June 29th 2015 - 05:38 UTC

Argentine judge orders seizure of Falklands' oil companies assets

Timerman anticipated that on Monday he will formally request that the stock exchange regulators in London and New York implement the judge's order.

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.

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