Stories for October 7th 2014

Tuesday, October 7th 2014 - 22:19 UTC
Despite record shrimp season, Argentine seafood landings drop 7.3%

Seafood landings in Argentine sea ports between January first and 30 September totaled 584,835.1 tons of seafood resources, 7.3% less that the same period a year ago, 630,393 tons.
Tuesday, October 7th 2014 - 22:08 UTC
Enhancing safe navigation in polar waters

The Association of Arctic Expedition Cruise Operators (AECO) and the International Association for Antarctica Tour Operators (IAATO), in cooperation with Lindblad Expeditions, have found a way for cruise operators to share years of depth soundings from the Arctic and Antarctica.
Tuesday, October 7th 2014 - 19:45 UTC
Matthew Rycroft has been appointed as UK Permanent Representative to UN

Matthew Rycroft CBE has been appointed as the United Kingdom’s Permanent Representative to the United Nations in New York in succession to Sir Mark Lyall-Grant KCMG, who will be transferring to another Diplomatic Service appointment. Mr Rycroft will take up his appointment during April 2015.
Tuesday, October 7th 2014 - 06:16 UTC
Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.
Tuesday, October 7th 2014 - 06:04 UTC
IMF urges changes in sovereign bonds' contracts, following Argentina's case

The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.
Tuesday, October 7th 2014 - 05:56 UTC
Brazilian markets clearly support challenger Neves: Bovespa up 4.7%

The Sao Paulo stock exchange soared 4.7% on Monday with the Bovespa index reaching 57.115 points following Sunday's presidential election when no candidate managed 50% of ballots, opening the way for a runoff between pro-business Aecio Neves and president Dilma Rousseff.
Tuesday, October 7th 2014 - 05:46 UTC
“Blue” dollar in Argentina further plummets as market waits for new rules

The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.
Tuesday, October 7th 2014 - 00:53 UTC
Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.
Tuesday, October 7th 2014 - 00:43 UTC
Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.