Argentina

Argentina
Saturday, October 25th 2014 - 10:09 UTC

Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

“EM now seeks an injunction from this court that is the same as the injunction that was issued in NML v. Argentina,” Dart’s hedge fund said

Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

Saturday, October 25th 2014 - 10:02 UTC

Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

In a brief order Friday Griesa said the hearing, originally set for Dec. 2, will now take place Dec. 9.

U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

Saturday, October 25th 2014 - 09:44 UTC

Cristina Fernandez challenged to show her law degree and Timerman described as a 'traitor'

“I demand that president Cristina Fernandez shows us her solicitor's degree, because she is a complete ignorant of law” said Professor Daniel Sabsay

A colloquium sponsored by an Argentine business grouping, IDEA, that has been critical of the government of Cristina Fernandez, but in a framework of moderation and self containment, turned into a students' open assembly when a constitutional law professor gave a speech on the rule of the law, called on President Cristina Fernandez to show her law degree and described minister Hector Timerman as a 'traitor' of the essence of Judaism for having reached an agreement with Iran.

Friday, October 24th 2014 - 19:59 UTC

Argentina's geostationary satellite reaches and stations in permanent orbit

Arsat-1 is Argentina's first geostationary satellite built entirely with local parts, and will provide telecommunication services for a vast range of countries

Argentina's Arsat-1 geostationary satellite launched last week finished the third and last maneuver in order to remain in orbit permanently, 36,000 km away from earth.

Friday, October 24th 2014 - 06:38 UTC

Argentine economic activity slumps 1.2% in August reveal official stats

Restrictions on access to foreign currency have caused serious supply problems for the purchase of necessary parts and other inputs for industry from overseas.

Argentina's economic activity index slumped 1.2% in August compared with the same month a year earlier, official data showed on Thursday, underscoring a slowdown in Latin America's third-largest economy.

Friday, October 24th 2014 - 05:24 UTC

Democratic Spain trained Argentine officers during the 1976/1983 military dictatorship

PM Adolfo Suarez’s government was well aware of what was going on in Argentina, the Spanish news website Publico revealed.

Dozens of Argentine military officers who were complicit in crimes against humanity in the country during the 1976-1983 military dictatorship had been sent to Spain for training, new documents revealed this week.

Friday, October 24th 2014 - 04:20 UTC

Argentine farmers agree release grains following accord with government

The 5.7bn dollars pledged in sales by the chambers represent a 70% increase on Argentine total grain exports of 4bn dollars for the same period last year

Argentine grain exports will total US$5.7 billion in the fourth quarter of the calendar year, the CIARA and CEC chambers promised on Wednesday, after seemingly successful negotiations with the government of President Cristina Fernandez that is eager to inject much-needed export dollars into the economy.

Thursday, October 23rd 2014 - 05:57 UTC

US Appeals court sends Argentina back to Judge Griesa on BONY's case

In a order the Appeals court said it lacked jurisdiction as the August ruling by District Judge Griesa was a clarification rather than modification

A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

Thursday, October 23rd 2014 - 05:39 UTC

Tax-office chief admits 'business links' between Cristina Fernandez and a controversial businessman

The super star public works contractor with his mentor Nestor Kirchner

Argentina's head of the tax office, Ricardo Echegaray admitted 'business links' between president Cristina Fernandez and businessman Lazaro Baez, who has been accused of money laundering and falsifying documents.

Tuesday, October 21st 2014 - 21:57 UTC

Argentina makes formal complaint to BBC about Jeremy Clarkson

Ambassador Alicia Castro met with BBC's TV Director Danny Cohen on Monday afternoon

Argentine Ambassador to the UK, Alicia Castro, made a formal complaint to the BBC regarding Jeremy Clarkson’s provocative behaviour and offensive remarks towards the Government and the Argentine people, following Top Gear’s recent filming in Argentina, calling for the BBC to make a public apology.

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