
British Member of Parliament Alun Cairns, and a member of the All Party Group on Argentina, said he was offended by some the comments made by Argentine Foreign Minister Hector Timerman during their meeting to discuss the Falklands issue on Tuesday in the House of Commons.

Falkland Islands lawmakers met on Wednesday morning with Foreign Secretary William Hague and regretted the absence of Argentine Foreign Minister Hector Timerman but also understand Argentina’s deep concern with “our (March) referendum, which is why they spend so much time dismissing it”.

Foreign Minister Timerman can go to bed tonight and dream of owning the Falklands in twenty years if he wishes, but there’s not much reality to it, pointed out a Falklands’ lawmaker reacting to the Argentine minister’s statements on Tuesday to the UK media.

Brazilian defence contractor Avibras will join plane maker Embraer SA and the local unit of Israeli Defence Company Elbit Systems in developing unmanned aircraft in Brazil, the companies said on Tuesday.

Argentina’s oil and gas corporation YPF, seized by the government last year, was sued by an investor who accused the company of making false statements prior to its March 2011 public offering.

After a first day of mixed results, Argentine Foreign Minister Hector Timerman Malvinas lobbying in London is looking ahead to a more friendly, less combative two-day scenario at the Argentine embassy with the ‘Pro-dialogue’ group where he plans to promote Argentina’s Malvinas sovereignty claims that reject point blank any dialogue or the right to self determination for the people of the Falklands.

Argentine Foreign Minister Hector Timerman dismissed another attempt by Falkland Islands representatives to engage in dialogue and refused to accept a letter addressed to him and a newly published booklet on the Falklands History.

British Chancellor George Osborne has announced the Banking Reform Bill that will not only see savers’ deposits safeguarded but also enforce rules to make it easier for consumers to switch bank accounts.

The Falklands Islands will be under Argentine control within 20 years, Minister Hector Timerman said in an interview with The Guardian and The Independent in London insisting that not one single country in the world supports the UK governing the Falklands.

Brazil’s government managed oil and gas corporation Petrobras posted a net benefit of 21.182 billion Reais (approx 10.6bn dollars) in 2012, which is 36% below 2011, reported the company in a filing, but in the fourth quarter profits totalled 7.747bn Reais (approx 3.9bn dollars) 53% higher than in the same period in 2011.