Stories for July 2014

Tuesday, July 29th 2014 - 21:31 UTC
Falkland Islands nominated finalists in the Travel Agents Choice Award

The Falkland Islands have been nominated and are finalists in the Travel Agents Choice Awards sponsored by “Selling Travel Magazine” in the UK. (Previously known as Selling Long Haul Magazine), announced the Falkland Islands Tourism Board. The Falkland Islands have been nominated for “Best Destination for Wildlife and Nature”.
Tuesday, July 29th 2014 - 06:59 UTC
Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.
Tuesday, July 29th 2014 - 06:39 UTC
Falkland Islands Holdings announces expanded Share Incentive Plan for its staff

The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.
Tuesday, July 29th 2014 - 06:19 UTC
IATA claims from Venezuela the 4.1 billion dollars owed to airlines

The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.
Tuesday, July 29th 2014 - 05:53 UTC
Brussels says it found 'no breach of EU environmental laws' in activities carried out by Gibraltar

The European Commission has informed the British Government that it has found no breach of EU environmental laws in the activities carried out by the Gibraltar Government including bunkering activities, the Eastside or Sovereign Bay project and, in particular, the Artificial Reef System in North-West British Gibraltar Territorial Waters.
Tuesday, July 29th 2014 - 05:43 UTC
Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.
Tuesday, July 29th 2014 - 05:35 UTC
“ Argentina Dances With Default”, warns The Wall Street Journal

As Argentina approached the deadline for another default, second in twelve years, the governments of President Cristina Fernandez is trashing a U.S. judge rather than repay creditors, underlines an editorial column from The Wall Street Journal.
Tuesday, July 29th 2014 - 05:27 UTC
Griesa eases bond payments agenda; Argentina complies with the Paris Club

New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.
Tuesday, July 29th 2014 - 05:17 UTC
Peru announces increase in government spending to prop the economy

Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.
Tuesday, July 29th 2014 - 05:13 UTC
Dollar in Argentina climbs to 13 Pesos and the stock market drops 1%

The “blue” dollar on Monday spiked 40 cents, to 13 Argentine pesos, amid growing uncertainty over the negotiations between Argentina and its holdout creditors in New York, as the July 30 deadline set by US Judge Thomas Griesa approaches.