International

Saturday, August 16th 2014 - 11:15 UTC
Billionaire Soros becomes the fourth largest holder of YPF shares

George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.
Saturday, August 16th 2014 - 09:01 UTC
Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.
Saturday, August 16th 2014 - 08:45 UTC
Global trade union summit condemns actions of vulture funds against Argentina

The International Transport Workers’ Federation passed on Friday a motion condemning the actions of the 'vulture funds' against Argentina and calling ”not to allow the vulture funds to paralyze the debt-restructuring processes of developing countries or prevent states from exercising their right to protect their citizens under international law”, according to a release from the Argentine embassy in London.
Saturday, August 16th 2014 - 08:28 UTC
Ebola-affected region athletes involved in body contact disciplines banned from Youth Games

The International Olympic Committee (IOC) announced on Friday it was prohibiting young athletes from the Ebola-affected region of West Africa from participating in certain events at the Youth Olympic Games in Nanjing, China.
Friday, August 15th 2014 - 07:13 UTC
Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.
Friday, August 15th 2014 - 06:51 UTC
Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.
Friday, August 15th 2014 - 06:34 UTC
Mujica, Latin America's most original leader according to The Economist

Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.
Friday, August 15th 2014 - 02:21 UTC
Last minute decision saved Marina Silva from travelling with Campos

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.
Friday, August 15th 2014 - 02:18 UTC
WHO downplays panic: air travel is low-risk for Ebola transmission

The World Health Organization reiterated its position that the risk of transmission of Ebola virus disease during air travel remains low. “Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” says Dr Isabelle Nuttall, Director of WHO Global Capacity Alert and Response. “It can only be transmitted by direct contact with the body fluids of a person who is sick with the disease.”
Friday, August 15th 2014 - 02:15 UTC
Unasur Montevideo summit planned for next week, suspended until October

A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.