Stories for August 8th 2014

Friday, August 8th 2014 - 09:07 UTC
Argentina announces measures to prop the economy and avoid redundancies

A day after Economy minister Axel Kicillof admitted problems with the Argentine economy, president Cristina Fernandez announced on Thursday a battery of measures to prop economic activity, open the labor market for young people, avoid redundancies and give the property market a thrust.
Friday, August 8th 2014 - 08:57 UTC
Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.
Friday, August 8th 2014 - 08:49 UTC
The Guardian: How Barack Obama could end the Argentina debt crisis

By Greg Palast (*) - US president need only inform a federal judge that vulture fund billionaire Paul Singer is interfering with the president's sole authority to conduct foreign policy. He hasn't. But why not?
Friday, August 8th 2014 - 08:31 UTC
IATA warns Venezuela it could be left isolated, if it doesn't pay airlines

The International Air Transport Association (IATA) has reminded the Venezuelan government that if it fails to settle debts with international airlines, the country would be isolated from the world; hence, the association urged Venezuela to reach agreements, and above all, to fulfill such agreements.
Friday, August 8th 2014 - 08:06 UTC
Falklands and 4.7m sq. km. of the South Atlantic, claimed by Argentina

“Argentina has its eyes set on the South Atlantic, and that includes undoubtedly the full recovery of our sovereignty over the Malvinas Islands and the adjoining maritime spaces”, said Daniel Filmus head of Argentina's Office on issues relative to the Malvinas Islands.
Friday, August 8th 2014 - 07:59 UTC
Brazil insists in trade agreements and closer ties with Pacific Alliance, despite Mercosur

Brazil confirmed that it will try to bring forward to 2016 the free trade agreement with Chile, Peru and Colombia, scheduled for 2019 and underlined the need for Mercosur and the Pacific Alliance to converge as part of the region's productive integration process.
Friday, August 8th 2014 - 07:44 UTC
Falkland Islands dispute becomes a political incident in Welsh politics

The Welsh Conservatives say First Minister Carwyn Jones should distance himself from 'distasteful' comments over the Falkland Islands' sovereignty. The situation involved the Welsh leader, Argentine ambassador in UK Alicia Castro and Chubut governor Martin Buzzi, when they met to address next year's 150th anniversary of Welsh settlers in Patagonia.
Friday, August 8th 2014 - 07:18 UTC
Santos pledges peace on inauguration ceremony but also warns FARC

Colombia's President Juan Manuel Santos was sworn in to a second term on Thursday promising to bring peace and equality to the nation, but warned Narco-Marxist rebels that talks to end five decades of war could rupture if hostilities against civilians continue. “Members of the FARC: you have been warned!” he said.
Friday, August 8th 2014 - 07:09 UTC
Griesa summons hearing for Friday; Argentina launches proceedings against the US in The Hague

New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time on Friday to address Argentina's recent public statements over their attempts to pay creditors, a court official said. Representatives from both Argentina and holdout investors have been called to the hearing, which will take place in New York.