Stories for 2014

Friday, June 27th 2014 - 08:35 UTC
Judge Griesa calls Argentina and hedge funds for a hearing on Friday

A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.
Friday, June 27th 2014 - 08:23 UTC
Falklands reminds C24 it is not charged with determining sovereignty disputes

Addressing the United Nations Decolonization Committee (C24) on Thursday, Falkland Islands representative MLA Mike Summers reminded the C24 not only of its current duty, but also of its inability in the past to fulfill its obligations to the Non Self Governing Territories (NSGT) it should be assisting to reach a post-colonial status acceptable to the people who live there.
Friday, June 27th 2014 - 08:11 UTC
Falklands very happy with their current status of British Overseas Territory

Falkland Islands representative Roger Edwards speaking before the UN Special Decolonization Committee recalled the Islands history and highlighted that the Falklands had British sovereignty since 1765, a time when Argentina did not exist as a sovereign nation.
Friday, June 27th 2014 - 07:53 UTC
Argentina announced Thursday it had deposited restructured bonds' payments

Argentina announced on Thursday morning it had deposited a billion dollars to honor restructured bonds' 30 June payment and at the same again asked for a new stay from New York Judge Thomas Griesa on the 'pari passu' ruling that forces the country to also pay holdouts 100% of defaulted bonds face value.
Friday, June 27th 2014 - 07:42 UTC
US Supreme Court rules police need a warrant to search cell-phone of arrested suspects

The US Supreme Court ruled that police officers usually need a warrant before they can search the cell-phone of an arrested suspect, a major decision in favor of privacy rights at a time of increasing concern over government encroachment in digital communications.
Friday, June 27th 2014 - 07:30 UTC
Argentina praises international support and confirms payment to Paris Club

Cabinet Chief Jorge Capitanich praised the “clear, categorical and broad” support for Argentina’s stance in its dispute with speculative funds' holdouts from 133 countries from the UN system and specialized international media, and also confirmed that next month it will make the first payment of the agreement reached with the Paris Club.
Friday, June 27th 2014 - 07:16 UTC
Significant support to Argentina from British personalities against vulture funds

A large cross-party group of British parliamentarians, renowned economists, intellectuals, journalists, public opinion leaders, trade unionists and activists added their names to a statement of solidarity with Argentina against vulture funds, which they handed on to the Embassy of Argentina in London.
Friday, June 27th 2014 - 06:56 UTC
Mujica strongly supports Suárez and blasts FIFA: “they went too far”

Uruguay's president Jose Mujica blasted FIFA's Thursday decision to fine and suspend the country's main scorer Luis Suarez from any football activity for four months arguing the association that rules world football measures things with different rods, and since Uruguay “is a small country, it's cheap for them”.
Thursday, June 26th 2014 - 05:12 UTC
US Council of Foreign Affairs supports Argentina, blasts Judge Griesa

The Council on Foreign Relations, one of the most influential private organizations in US Foreign Policy, questioned the US Supreme Court for rejecting Argentina’s appeal in its legal dispute with the so-called vulture funds, saying the ruling will “diminish national sovereignty” and “upend international finance”.
Thursday, June 26th 2014 - 05:07 UTC
Brazil current account deficit in May posts a record; World Cup should help in June

Brazil had a current account deficit of 6.635 billion in May, above the previous record high of 6.356 billion for this month posted last year, central bank data showed this week. It was the widest on record for the month of May as Brazilians spent more on international travel and foreign companies sent profits and dividends abroad. Brazil's current account deficit in April was 8.291 billion.