Falkland Islands Holdings has agreed to subscribe for 2 million new shares placed by Falkland Oil and Gas Limited. FIH says the £860,000 cost of the shares will be met from the group's existing cash resources.
US Airways Group, Delta Airlines and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp, the bankrupt parent of American Airlines according to US financial media reports.
UK-based Falkland Oil and Gas (FOGL) announced on Friday it has raised £48.5m (74.3m dollars) through a placing of new ordinary shares to fund drilling of exploration wells in Falkland Islands while it continues active discussions with potential partners for a farm-out.
Namibia's competition commission said on Wednesday it had cleared a Chinese nuclear company to take over an Australian mining firm with rights to the world's fourth-largest uranium deposit.
Chile ratified this week that vessels flying the Malvinas flag will continue to be barred from Chilean ports and that the country’s position relative to the issue has not changed and denies the existence of a blockade. A brief statement from the Chilean Foreign Affairs ministry indirectly refers to the latest statement by UK Foreign Secretary William Hague.
In an official communiqué Uruguay ratified full support for Argentina’s Malvinas sovereignty claim and underlined that the barring of Malvinas’ flagged vessel from Uruguayan ports stands and “has not changed an iota”.
LAN Airlines announced that “due to a decision by the (Argentine) national aeronautical authorities,” the company has been forced to reschedule flights leaving from the Buenos Aires City Aeroparque Metropolitan airport bound for Sao Paulo and Santiago de Chile.
As the UK applies pressure on Mercosur countries so they allow the entry to vessels flying the Malvinas flag, Argentine ruling Victory Front lawmaker Carlos Kunkel said on Wednesday that Argentina “must be politically persistent while maintaining a constant defence” on its claims over the sovereignty of the islands.
The European Central Bank should ramp up its buying of troubled Euro zone debt to support Italy and prevent a “cataclysmic” collapse of the Euro, David Riley the head of sovereign ratings for Fitch, said on Wednesday.
Argentine President Cristina Fernández is recovering much faster than anticipated from her thyroid surgery and on Wednesday actively discussed a range of government issues with Vice-President Amado Boudou and Cabinet Chief Juan Manuel Abal Medina, amongst others.