Stories for July 2014

Wednesday, July 23rd 2014 - 06:51 UTC
Argentina claims Griesa is blocking bondholders money and using 'vulture funds' language

Argentina reacted strongly to Tuesday's events in the New York federal court which denied its stay request, claiming Judge Thomas Griesa “did not solve absolutely any of the issues for which he summoned today's audience”, insisting with his “unbelievable ban” on structured bonds' collecting their payment.
Wednesday, July 23rd 2014 - 06:42 UTC
Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.
Wednesday, July 23rd 2014 - 06:30 UTC
Falklands' HMS Illustrious back in Portsmouth for the final time; HMS Ocean to replace her

The Royal Navy's helicopter carrier and Falklands' conflict veteran HMS Illustrious has returned to Portsmouth for the final time. Crowds lined the port to welcome the warship, which will retire after 32 years of service. The carrier, which clocked up 898,893 miles on operations, will be replaced by HMS Ocean, which has just received a £65m refit.
Wednesday, July 23rd 2014 - 01:41 UTC
HMS Iron Duke on South Atlantic patrol exercises in Ghana and Guinea

Two British Naval Ships, HMS Iron Duke and RFA Black Rover, on Monday arrived at the Ghana Western Naval Command for a four-day visit, reports Ghana Web. The crew of the ships and the Ghana Navy would conduct joint operational training, sporting and community relations activities.
Wednesday, July 23rd 2014 - 01:10 UTC
Griesa rejects 'stay'; orders Argentina and holdouts to meet 'round the clock' to reach a deal

US Judge Thomas Griesa rejected on Tuesday Argentina’s request for a suspension ('stay') on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to holdout speculative funds and instructed Argentina and holdouts to meet on Wednesday morning for a first face-to-face meeting.
Tuesday, July 22nd 2014 - 23:35 UTC
Criminal investigation into possible price rigging in London foreign exchange market

The United Kingdom Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of “fraudulent conduct”, the director of the SFO said in a statement.
Tuesday, July 22nd 2014 - 23:17 UTC
China outdated meat supplier scandal hits McDonald's and KFC

Chinese branches of fast food chains, including McDonald's and KFC, have stopped using meat from a supplier in Shanghai following allegations it sold them out of date meat. According to Xinhua, the state-owned news agency, authorities in Shanghai have ordered the suspension of operations at Shanghai Husi Food Co.
Tuesday, July 22nd 2014 - 22:59 UTC
A racehorse owned by Queen Elizabeth has tested positive for morphine

A racehorse owned by the Queen has tested positive for morphine. Buckingham Palace said the banned substance was found in Estimate, trained by Sir Michael Stoute, reports the BBC. Initial indications are that the positive test resulted from the consumption of a contaminated feed product, the Palace said.
Tuesday, July 22nd 2014 - 22:36 UTC
US and EU ban airline flights to Israel after Hamas rocket lands near Tel Aviv airport

The United States Federal Aviation Administration, FAA, is prohibiting US airlines from flying to Israel's international airport in Tel Aviv for 24 hours, after a rocket fired by Hamas militants in Gaza landed nearby, damaging a house and slightly injuring one Israeli. European airlines quickly canceled their flights as well.
Tuesday, July 22nd 2014 - 21:10 UTC
“We are Falklands” photo exhibition opened in The Mall Galleries in London

“We Are Falklands” an exhibition collecting works from Falkland Islanders and amateur photographers opened on Monday to the general public at The Mall Galleries in central London.