Stories for June 2014

Monday, June 9th 2014 - 20:52 UTC
Positive scenario for Argentina's decisive battle with hedge funds later this week

New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.
Monday, June 9th 2014 - 20:19 UTC
Argentina presents book on the Malvinas Question and the international community

A book with a collection of documents and historic background under the heading of “The International Community and the Malvinas Question”, both in English and Spanish was presented on Monday by Argentine Foreign minister Hector Timerman and top officials from his office.
Monday, June 9th 2014 - 19:52 UTC
Jumbo squid catches dispute in Chile; lawmakers admit artisanal fishing should have the upper hand

The Government of Chile and the fishing industry engaged in fishing for jumbo squid (Dosidicus gigas) agreed to set a deadline of 45 days to reach a formula to end the “Olympic race” in capturing this cephalopod due to the lack of fisheries quotas between artisanal and industrial sectors.
Monday, June 9th 2014 - 16:06 UTC
May inflation in Brazil moderates but drought-stricken food prices still impact

Brazil's monthly consumer prices index slowed in May versus the previous month, but not as much as expected, as the impact of one of the worst droughts in decades in food prices receded only partially. The IPCA rose 0.46% compared with a 0.67% climb in April, the Brazilian Geographic and Statistics Institute, or IBGE, said.
Monday, June 9th 2014 - 07:45 UTC
Hillary Clinton favors easing US economic embargo on Cuba

While secretary of state, Hillary Clinton urged President Barack Obama to ease the U.S. economic embargo against Cuba, according to excerpts from her memoir due out next week.
Monday, June 9th 2014 - 07:11 UTC
Falklands' preparations for commemoration of the great naval battle of 1914

Commemorative events to mark the centenary of the Battles of Coronel and the Falklands were brought to the table by the Falkland Islands 1914 committee. Chair of the committee MLA Phyl Rendell said the committee split into two working groups last year to organize the schedule of events and to progress the memorial wall plans.
Monday, June 9th 2014 - 06:57 UTC
British submariner named Commander of UK forces in Gibraltar

British naval officer in charge of the UK’s submarine fleet has been appointed as the new Commander British Forces in Gibraltar, with effect from August 5. Commodore Ian McGhrie will succeed Commodore John Clink, who will be promoted to Rear Admiral and will take on the 2-Star appointment of Flag Officer Scotland, Northern Ireland and Northern England and Flag Officer Reserves.
Monday, June 9th 2014 - 06:38 UTC
Cristina Fernandez opens inter-active Malvinas museum on Tuesday

Argentina's claim campaign over the Falklands/Malvinas Islands will have another milestone this week when President Cristina Fernandez opens the Malvinas Museum, which is located on the grounds of the former Navy's Mechanics School, famous for being a torture and disappearance center during the last Argentine military dictatorship and now a Space for Memory.
Monday, June 9th 2014 - 06:27 UTC
FAO Food Price Index down for the second consecutive month in May

The FAO Food Price Index was down for the second consecutive month in May, continuing its retreat from the 10-month high it experienced in March. Prices fell as generally ample supplies weighed on international prices for most commodities included in the Index.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.