Interest rates have been held at the record low of 0.5% for another month by the Bank of England and so has the size of its bond-buying economic stimulus program unchanged at £375bn.The news is in line with analysts' expectations, despite recent evidence that the UK economic recovery is strengthening.
Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.
Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.
In the framework of the Seafood Expo Global 2014 in Brussels, the Marine Stewardship Council (MSC) held its annual Global Commercial Network meeting, which showed an annual rise in MSC certified products of 21% to September 2013 and a fivefold increase in four years.
The Antarctic and Southern Ocean Coalition (ASOC) joined member states of the Antarctic Treaty, along with observer and expert organizations, in Brasilia this week to discuss measures for the protection of the Antarctic environment.
The United Kingdom is disappointed with Uruguay's stance which identifies the Falklands/Malvinas Islands as 'a latent threat' and an element that negatively affects the South Atlantic as “as zone of peace and cooperation”. Ambassador Ben Lyster-Binns said he does not share the statement that the British Overseas Territory of the Falklands are a 'destabilizing element for the region'.
Falklands Island's' newly inaugurated governor Colin Roberts phone interview with a Buenos Aires media website released this week has had a great impact in Argentina and as it could be expected received an immediate reply from Hector Timerman's Foreign Affairs ministry, which undoubtedly read every line and every word of the transcript.
Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.
The Argentine Ambassador to the United Kingdom, Alicia Castro, underlined “the importance of dialogue and the historical and cultural ties that link Argentina with Wales” when she hosted this week a traditional Argentine barbecue at the Ambassador´s residence in London for a delegation of British parliamentarians who visited Argentina in March.
In an article for Penguin News, distinguished political and scientific Bulgarian author Dr Lyubomir Ivanov (*) discusses the Crimean conflict and its parallel with the Falklands.The Argentine President Cristina Kirchner praised the recent Crimean status referendum as, “one of the famous referendums of self-determination.”