International

Friday, August 22nd 2014 - 08:20 UTC
Nobel Prize Stiglitz sides with Argentina in reopening the debt swap

In an interview with Argentina’s daily 'Ambito Financiero', Nobel Economics laureate Joseph Stiglitz considered the Argentine government’s move to reopen the debt swap and replace the Bank of New York Mellon with local Banco Nacion as trustee a “good call” saying the reopening would not be mandatory, “voluntarily” inviting bondholders to join the strategy.
Friday, August 22nd 2014 - 07:33 UTC
European holders of swapped Argentine bonds willing to accept removal of the RUFO clause

European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that Argentina claims prevents them from negotiating with holdout funds, it was reported in the Buenos Aires media.
Thursday, August 21st 2014 - 07:55 UTC
Falklands war vessel in which Argentina surrendered South Georgia, to the scrap yard

The Royal Navy man-o-war on which Argentina formally surrendered the island of South Georgia during the 1982 Falklands War began its final journey on Wednesday before being scrapped. HMS Plymouth could not be saved despite years of attempts to find a permanent home for the frigate.
Thursday, August 21st 2014 - 06:58 UTC
Italian bondholders' representative supports Argentina decision to change debt's jurisdiction

The Italian legal representative of Argentine bondholders, Tullio Zembo praised the Sovereign Public Debt Payment Law announced by President Cristina Fernandez, saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropriate.”
Thursday, August 21st 2014 - 06:26 UTC
Soccer fan Pope Francis receives San Lorenzo, South America's best team

Soccer took center stage at the Vatican Wednesday morning when members of Argentina's San Lorenzo visited their most famous fan, Pope Francis, to share the joy of winning the Copa Libertadores last week.
Wednesday, August 20th 2014 - 21:24 UTC
Red tide devastates mussel growing and canning industry in Galicia

The presence of the lipophilic toxin in the Galician estuaries, (northwest Spain) has caused the closure of almost all Galician mussel polygons and forced the closure of activities in the local canning industry. The red tide is currently blocking 90% of the rafts production, since only two polygons located in Betanzos and four in Redondela are open, reported Atlantico news.
Wednesday, August 20th 2014 - 00:15 UTC
UN accepts extension of Uruguay's continental shelf to 350 miles; first in South America

The United Nations accepted the proposition of the Uruguayan government to extend the Uruguayan territorial seabed from 200 to 350 miles. Uruguay thus becomes the first South American nation to receive the approval of the UN for such request.
Wednesday, August 20th 2014 - 00:08 UTC
Three relatives of Pope Francis killed in car accident in Argentina

Three relatives of Pope Francis, including two young children, died on Tuesday when their car slammed into the back of a truck in Argentina. The Pope's nephew, Emanuel Horacio Bergoglio, who was driving the car, was in a serious condition after the accident, officials said.
Tuesday, August 19th 2014 - 08:45 UTC
UK Home Office loses arbitration and is ordered to pay Raytheon £224m

The UK Home Office has been told to pay £224m to a major US corporation it sacked for failing to deliver a controversial secure borders program. Ministers will pay Raytheon £50m in damages, plus other costs. The order to make the payments comes from a binding arbitration tribunal. Home Affairs Committee chairman Keith Vaz called it a “catastrophic result”.
Tuesday, August 19th 2014 - 08:31 UTC
Assange announces he plans to abandon the Ecuadorean embassy 'soon'

WikiLeaks founder Julian Assange, who has spent over two years inside Ecuador's London embassy to avoid extradition to Sweden, said on Monday he planned to leave the building “soon”, but his spokesman said that could only happen if Britain let him.