Stories for October 2012

Friday, October 26th 2012 - 20:39 UTC
US Court rules against Argentina: all bondholders must be treated equally, including hold outs

US appeals court ruled Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.
Friday, October 26th 2012 - 20:25 UTC
Falklands estimates oil earnings at 25% of gross value of the resource extracted

The Falkland Islands Government (FIG) is likely to earn somewhere in the region of 25 to 30% of the gross value of the oil resource spread over an expected field life of 25 years, it was stated at a public meeting in the capital Stanley earlier this week.
Friday, October 26th 2012 - 07:24 UTC
Falklands’ 2013 referendum: determined to be masters of their future

A group of Central American journalists recently visited the Falkland Islands for a week as guests of the Foreign Office together with Bruce Callow from the UK Costa Rica embassy. During Mr Callow wrote in his blog about the experience regarding important issues for the Falklands such as the referendum next March on the future of the Islands.
Friday, October 26th 2012 - 07:11 UTC
Believe it or not: Falklands, a nation with a comfortable budget surplus

The Falkland Islands Government accounts showed a surplus of £4.297 million compared to a revised budget surplus of £2.448 million (a positive performance of £3.190 million) for the first three months of the 2012/13 financial year, according to the Financial Management Report presented this week to the Standing Finance Committee.
Friday, October 26th 2012 - 07:06 UTC
Falklands to build a new deep-water port to cater for the oil and gas industry

The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).
Friday, October 26th 2012 - 06:53 UTC
Mercosur and Unasur ‘need’ Paraguay; ‘other interests’ created current situation

The Organization of American States, OAS special envoy said on Thursday that Mercosur and Unasur ‘need’ Paraguay and the suspension of the country from the two organizations can be tracked to other interests unrelated to those events.
Friday, October 26th 2012 - 06:48 UTC
First voluntary vote at municipal elections in Chile; fears of a low turnout

The Chilean municipal elections scheduled for Sunday 28 October are considered ‘important’ by 55% of interviews according to the primary result of a joint public opinion poll done by Mori and the Chilean Association of municipalities.
Friday, October 26th 2012 - 06:40 UTC
Argentina admits Libertad is the 29th asset impound case by ‘vulture’ funds

Argentina finally admitted that the retaining of the training frigate ARA Libertad in Ghana is not an isolated case since the so called ‘vulture’ funds have managed to impound a total of 28 assets including the presidential aircraft Tango 01, bank accounts, property and even a satellite.
Friday, October 26th 2012 - 06:38 UTC
Moody’s lowers Argentina’s foreign currency bonds’ ceiling to b3 from b2

Moody's lowered on Thursday Argentina's foreign-currency bond ceiling to b3 from b2 in line with bonds in local currency on growing concerns of market access for the private sector and local governments.
Friday, October 26th 2012 - 00:57 UTC
Brazil renews tax cuts for local carmakers until 2013 to help industry and jobs

Brazil will renew tax cuts for local carmakers through the end of the year, President Dilma Rousseff announced this week, extending a key economic stimulus measure to help recovery in Latin America's largest economy.