Stories for 2014

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.
Monday, July 28th 2014 - 20:21 UTC
First woman commander of a Royal Navy warship removed for alleged breach of social conduct code

The first female commander of a major Royal Navy warship is understood to have left her vessel after allegations of an affair with one of her officers. Cdr Sarah West, 42, was coming to the end of a seven-month deployment in the Atlantic on board the Type 23 frigate HMS Portland.
Monday, July 28th 2014 - 08:09 UTC
Strong speech from Cristina Fernandez expected at Mercosur summit in Caracas

Argentine President Cristina Fernandez will attend this Tuesday the leaders' summit of Mercosur in Caracas, Venezuela. The president will travel to Caracas in order to participate in a congress originally scheduled for December 17, but which suffered several postponements.
Monday, July 28th 2014 - 07:56 UTC
Argentine farmers and government again clash over the 'preyed-upon decade”

Argentine Agriculture Minister Carlos Casamiquela and Federal Planning chief Julio De Vido rebuffed the criticism of the head of the Argentine Rural Society (SRA), Luis Etchevehere, who at the opening of the Palermo livestock show accused the government of President Cristina Fernandez of being “ignorant and arrogant”.