Stories for August 19th 2014

Tuesday, August 19th 2014 - 09:16 UTC
Falklands pricing for valuation of hydrocarbons will follow Norwegian model

The Falkland Islands has an oil legislation regime that is robust and encourages investment, believes Financial Secretary Nicola Granger. Details of a law firm’s report to the Falkland Islands Government (FIG) on tax legislation in relation to the oil and gas industry, and recommendations to Government by Ms Granger, were released to the public this week in a paper that outlines the report from Freshfields Bruckhaus Deringer LLP.
Tuesday, August 19th 2014 - 09:10 UTC
Chilean ferry strikes rocks and is half sunk in the Puerto Natales/Puerto Montt link

The Chilean navy is deploying two vessels to contain possible fuel leaks, in the area where a Navimag ferry on Monday morning struck a group of rocks and is half sunk and half resting on a beach.
Tuesday, August 19th 2014 - 08:57 UTC
Cattle rustling an everyday issue in Uruguay, claim farmers

Cattle rustling in Uruguay has become a daily issue and it's unfair that farmers should be forced to change of activity because “justice is lenient” when and if the perpetrators are caught, claimed the president of Uruguay's Rural Association, ARU, Ruben Echeverria.
Tuesday, August 19th 2014 - 08:51 UTC
Uruguay's 2014/15 wool clip estimated in 30 million kilos

Uruguay's 2014/15 wool clip has been estimated at 30 million kilos, a volume similar to that of 2013/14, according to numbers discussed in a recent meeting of sheep farmers, government and regional officials to address prospects for the industry.
Tuesday, August 19th 2014 - 08:45 UTC
UK Home Office loses arbitration and is ordered to pay Raytheon £224m

The UK Home Office has been told to pay £224m to a major US corporation it sacked for failing to deliver a controversial secure borders program. Ministers will pay Raytheon £50m in damages, plus other costs. The order to make the payments comes from a binding arbitration tribunal. Home Affairs Committee chairman Keith Vaz called it a “catastrophic result”.
Tuesday, August 19th 2014 - 08:31 UTC
Assange announces he plans to abandon the Ecuadorean embassy 'soon'

WikiLeaks founder Julian Assange, who has spent over two years inside Ecuador's London embassy to avoid extradition to Sweden, said on Monday he planned to leave the building “soon”, but his spokesman said that could only happen if Britain let him.
Tuesday, August 19th 2014 - 08:20 UTC
South Korea was a feast, but more important China warmed up to Pope Francis

Pope Francis ended his first official visit to Asia on Monday with a fresh overture to China and a call for reconciliation between South Korea and its totalitarian neighbor, North Korea. As the pope flew across Chinese airspace on his return flight to Rome, he sent a telegram — his second during the trip — to President Xi Jinping, expressing his “divine blessings” for the powerful leader and the Chinese people.
Tuesday, August 19th 2014 - 08:05 UTC
Falklands' war statements from Chilean minister praised by Argentine peer

Argentine Defense minister Agustín Rossi praised on Monday his Chilean peer statements relative to Chile's role and attitude during the Falklands war when Britain sent a task force to expulse the Argentine military invasion in 1982.