Stories for June 2014

Monday, June 23rd 2014 - 21:53 UTC
Royal Navy's first ever remotely-piloted air system takes flight

Just 7 months after the British Ministry of Defense ordered the system from Boeing Defense UK, footage released today, 22 June, shows ScanEagle taking flight from HMS Somerset in the Gulf.
Monday, June 23rd 2014 - 07:29 UTC
French energy 'jewel' Alstom taken over by General Electric

The board of directors of French power-to-rail group Alstom unanimously approved US conglomerate General Electric's 12.35 billion Euro bid to acquire its energy business.
Monday, June 23rd 2014 - 07:03 UTC
Falklands' record Illex and Loligo seasons, despite lack of data sharing with Argentina

A lack of cooperation from Argentina to share data means that the total Illex fishery for the region is not known and affects the accuracy of seasonal predictions in the Falklands fishery, it was reported at the Fisheries Committee on Thursday.
Monday, June 23rd 2014 - 04:39 UTC
Mercosur and Celac stand by Argentina in the hedge funds litigation

Mercosur and Celac country-members expressed support for Argentina and its ongoing litigation with the holdout hedge funds, particularly last week's decision from the US Supreme Court, (which refused to consider the case), and the financial consequences emerging from such a position.
Monday, June 23rd 2014 - 04:27 UTC
Argentina takes its differences with Judge Griesa to the US main journals

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations.
Monday, June 23rd 2014 - 04:08 UTC
Jubilee Debt Campaign supports Argentina against “vulture funds” quick bucks

The following letter under the heading of “Urgent need for legislation on Argentina debt” was published in the Financial Times and refers to the ongoing battle with the holdout hedge funds.The piece is signed by Tim Jones, Policy Officer, Jubilee Debt Campaign, London, N1, UK.
Monday, June 23rd 2014 - 03:52 UTC
Rousseff-Temer make official their re-election bid for 5 October

The ruling Workers Party, or PT, Latin America's largest political force of the left that has governed Brazil since 2003, proclaimed Saturday at its national convention the candidacy of President Dilma Rousseff for a second term in the coming Oct. 5 elections.
Saturday, June 21st 2014 - 09:45 UTC
Strong warning to Argentina from Griesa regarding payment of bondholders

US Federal Judge Thomas Griesa, ratified on Friday through an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”
Saturday, June 21st 2014 - 09:31 UTC
Cristina Fernandez calls for negotiations: “we want to pay 100% of creditors”

In a conciliatory speech compared to previous statements, President Cristina Fernandez said on Friday her government would negotiate with all of Argentina's creditors in a bid to avoid a new debt default that would further weaken the country's ailing economy.
Saturday, June 21st 2014 - 09:18 UTC
German companies warn of consequences from Uruguay/Argentina conflict

The Uruguay-Germany commerce and industry chamber (AHK), expressed its deepest concern over the current tension in relations between Uruguay and Argentina, and warned about the impact on the business climate for the two countries.