International

Saturday, February 13th 2016 - 05:32 UTC
Pollack confirms 'eventful week' of negotiations between Argentina and holdouts

In the midst of ongoing negotiations in the United States courts between the administration of President Mauricio Macri and holdouts to reach an agreement, special master Daniel A. Pollack on Friday issued a statement reiterating “two major holdouts reached agreements in principle with Argentina to settle their claims.
Friday, February 12th 2016 - 18:47 UTC
Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper

Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.
Friday, February 12th 2016 - 18:14 UTC
Falklands' exploratory campaign ended, following termination of ocean rig contract

The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.
Friday, February 12th 2016 - 06:55 UTC
Lagarde, as sole candidate, has virtually assured five more years as IMF head

The International Monetary Fund (IMF) has nominated current managing director Christine Lagarde for the second term, IMF Executive Board Dean Aleksei Mozhin said in a statement on Thursday.
Friday, February 12th 2016 - 06:40 UTC
French president's visit to Argentina and Uruguay could include defense deals

French president Francois Hollande is scheduled to visit Peru, Argentina and Uruguay in the last week of February, and in a display of Gallic diplomacy expects to promote trade, investments and French interests in the region.
Friday, February 12th 2016 - 06:33 UTC
France claims the EC has done ”too little too late to help (struggling) farmers”

France called on the European Commission to do more to help its struggling livestock industry, seeking to defuse protests that have seen farmers block highways and supermarkets.
Friday, February 12th 2016 - 06:27 UTC
Petrobras faces legal challenges in the billions from international investors

Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas.
Friday, February 12th 2016 - 01:51 UTC
Mod funds to design the successor of Royal Navy's Vanguard class submarines

The United Kingdom Ministry of Defense (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.
Thursday, February 11th 2016 - 05:57 UTC
Fed warns about uncertainty in China and tightening financial markets

Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.
Wednesday, February 10th 2016 - 07:24 UTC
Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.