Stories for August 30th 2019

Friday, August 30th 2019 - 09:58 UTC
S&P declares that Argentina's extension of maturities implies a “selective default”

Credit risk agency Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.
Friday, August 30th 2019 - 09:55 UTC
No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.
Friday, August 30th 2019 - 09:53 UTC
Colombian guerrilla leaders criticize the peace accord and return to the jungle to resume fighting

A former senior commander of the dissolved FARC rebel army in Colombia announced on Thursday he is taking up arms again along with other guerrillas who have distanced themselves from a historic peace accord signed with the government.
Friday, August 30th 2019 - 09:50 UTC
Tierra del Fuego protests Falklands display at the coming agricultural show in Uruguay

The extreme south Argentine province of Tierra del Fuego has sent letters to the Foreign Ministry and to the Malvinas, Antarctica and South Atlantic Department expressing concern about a Falkland Islands stand at the British pavilion in the coming international agriculture show in Prado, Montevideo, Uruguay to take place between September 3 and 15.
Friday, August 30th 2019 - 09:46 UTC
US confident of EU sanctions on Venezuela, if political dialogue fails; Russia main trader of the country's oil

Washington's envoy for Venezuela said on Thursday he was hopeful that the European Union will impose sanctions against Caracas in the coming months and the United States was examining more measures to pressure President Nicolas Maduro to step down.
Friday, August 30th 2019 - 09:43 UTC
Brazil economy rebounds in second quarter spurred by construction and industrial production

Brazil’s economy rebounded strongly in the second quarter after having shrunk in the first, official figures showed on Thursday, indicating Latin America’s largest economy comfortably avoided falling back into recession.
Friday, August 30th 2019 - 09:39 UTC
Fernandez meets Argentine farmers leaders and proposes a fresh start

The man widely expected to become Argentina’s next president asked farmers from the country’s key grains sector on Thursday to put aside their bitter differences with the government of his running mate, former President Cristina Fernandez de Kirchner, and move forward with him.
Friday, August 30th 2019 - 09:30 UTC
Falklands will be disputing the Hockey LATAM Cup in Miami

The Falkland Islands will be participating in the LATAM hockey Cup, to be played in Miami, on September 6/7, with semifinals and finals on the following two days. Sam Cockwell a forward of the main team, and a promising journalist will keep Islanders informed about the events through the Penguin News.
Friday, August 30th 2019 - 09:29 UTC
Johnson at G7 summit led the way in ocean protection; Ascension island declares 100% of its waters an MPA

During remarks at the close of the recent G7 summit in Biarritz, British Prime Minister Boris Johnson said that the Aichi targets—goals set nearly a decade ago as part of the United Nations’ Strategic Plan for Biodiversity—must be “replaced with new, more ambitious targets to help us get back the biodiversity that this planet is losing, and has lost.”
Friday, August 30th 2019 - 09:07 UTC
Mexican president claims he was spied with a “sophisticated camera”, but downplays the situation, “I have nothing to hide”

Mexican President Andres Manuel Lopez Obrador said on Thursday a “sophisticated camera” had been found in his offices, but added that he was unconcerned because he has nothing to hide.