Stories for June 26th 2014

Thursday, June 26th 2014 - 05:12 UTC
US Council of Foreign Affairs supports Argentina, blasts Judge Griesa

The Council on Foreign Relations, one of the most influential private organizations in US Foreign Policy, questioned the US Supreme Court for rejecting Argentina’s appeal in its legal dispute with the so-called vulture funds, saying the ruling will “diminish national sovereignty” and “upend international finance”.
Thursday, June 26th 2014 - 05:07 UTC
Brazil current account deficit in May posts a record; World Cup should help in June

Brazil had a current account deficit of 6.635 billion in May, above the previous record high of 6.356 billion for this month posted last year, central bank data showed this week. It was the widest on record for the month of May as Brazilians spent more on international travel and foreign companies sent profits and dividends abroad. Brazil's current account deficit in April was 8.291 billion.
Thursday, June 26th 2014 - 05:00 UTC
Argentina to restart production of enriched uranium in Patagonia plant

Argentina's government said Wednesday that in five weeks it will restart operations at an enriched uranium plant as part of a peaceful pursuit of nuclear energy.
Thursday, June 26th 2014 - 04:53 UTC
Job creation in Brazil down, but unemployment still at record lows

Brazil's economy added a net 58,836 payroll jobs in May, the Labor Ministry said, which is the worst figure for May since 1992. Brazil added 105,000 jobs in April.
Thursday, June 26th 2014 - 04:40 UTC
UN agency warns Argentina debt ruling does not comply with US sovereign immunities act

The United Nations trade and development agency UNCTAD said on Wednesday in a rare release that the recent U.S. court ruling on Argentina's debt erodes sovereign immunity and does not comply with the country's own U.S. Foreign Sovereign Immunities Act.
Thursday, June 26th 2014 - 04:32 UTC
Falklands' lawmakers petitioners at the UN C24 Decolonization Committee

Argentina will be making its case claiming sovereignty over the Falklands/Malvinas Islands before the UN Special Decolonization Committee, C24, on Thursday morning. Two petitioners will support his presentation: a descendent from Luis Vernet and Falklands born Alejandro/Alexander Betts.
Thursday, June 26th 2014 - 01:01 UTC
Argentina insists on dialogue but “technical default” is round the corner, Kicillof tells G77

Economy minister Axel Kicillof said US courts haven't yet responded to Argentina's request this week for more time to negotiate a settlement with a small group of holdout creditors and warned the country could face a technical default next Monday if the sentence remains firm.
Thursday, June 26th 2014 - 00:14 UTC
Mediator Pollack meets with Argentina and holdouts' solicitors

Mediator Daniel Pollack named by New York Judge Thomas Griesa to try and help reach an understanding in the long running dispute between Argentina and the holdout hedge bond holders, said he had already held meetings with the solicitors from both sides. However he only revealed that discussions will continue until a resolution is reached.