The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.
Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.
Four London AIM listed oil companies carrying out exploration work in Falkland Islands waters have been barred from operating in Argentina. The measure affects Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas.
Uruguay is closer to joining the Bolivarian alliance for the Americas, (ALBA) than the Pacific Alliance said Uruguayan foreign minister Luis Almagro to a packed audience with government officials, local businesspeople and diplomats. He also argued that the ‘tail wind’ that has been so favourable for Latinamerica ‘was over two years ago”.
During an anti-nuclear weapon conference held in Buenos Aires, Argentine President Cristina Fernández criticised the right to veto used by the five permanent members of the United Nations Security Council which she described as an “out of time” instrument and again attacked the UK for ‘sending nuclear submarines’ to the Falkland Islands and called for a region of peace in the South Atlantic.