A hedge fund owner of defaulted Argentine debt can try to seize government assets held in Britain as it seeks to recover the full face value of the bonds, Britain's Supreme Court said in a ruling on Wednesday.
Strengthening Brazil-UK defence cooperation agreement and building Atlantic and wider security are among the issues to be addressed by UK and Brazil during the three day visit of Defence minister Dr Nelson Jobim to Britain
Finance Minister Felipe Larraín advanced efforts to integrate the Chilean and London stock exchanges during a recent visit to the United Kingdom. A delegation of government officials and business leaders accompanied the minister on his trip to promote foreign investment in Chile.
British Deputy Prime Minister Nick Clegg arrives Tuesday in Brazil with a numerous delegation of business leaders, academics and sports figures to promote bilateral trade with Latin America’s largest economy.
Britain again categorically rejected any Falkland Islands sovereignty negotiations with Argentina and reiterated that London’s position on the issue “has not changed at all”. However “as has been standing policy”, the UK is always ready to discuss issues of common interest in the South Atlantic.
The Argentine Government said it “deplores that, in a regrettable act of arrogance, the United Kingdom claims to have the authority to ‘put an end’ to the unresolved conflict regarding the Malvinas Islands sovereignty, a case that is currently being recognized by the United Nations.”
Spain has told the United Nations Committee of 24 (C24) that despite the “impasse afflicting the Brussels process”, Madrid's goodwill allows regional co-operation with Gibraltar and UK to continue under the Tripartite Forum.
The Bank of England’s Monetary Policy Committee voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at the record low 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Spain's dealings with Gibraltar have the overriding objective of recovering sovereignty over the Rock, Spanish Foreign Minister Trinidad Jiménez told parliament in Madrid this week.
United Kingdom Prime Minister David Cameron announced on Wednesday his support for Ban Ki-moon's candidacy for a second term as Secretary General of the United Nations. Ban Ki-moon announced his candidacy for re-election on Monday. His first term ends on 31 December 2011.