Argentina

Argentina
Tuesday, September 2nd 2014 - 07:43 UTC

Falklands/Malvinas issue to be addressed by Mercosur parliament 11 November

The Parlasur delegation with their host Julian Dominguez, president of the Lower House, during the visit to the Argentine congress

The Mercosur Parliament, Parlasur will be holding a special session next 11 November in Montevideo dedicated to the Falklands/Malvinas Islands sovereignty issue, it was announced this Monday in Buenos Aires during a visit of a delegation from the regional legislative to the Argentine congress.

Tuesday, September 2nd 2014 - 06:57 UTC

Interreligious soccer match had Maradona as one of the outstanding stars

“Today two powers were brought together, the hand of God and that of the Pope,” Maradona said.

Diego Maradona and Roberto Baggio were among a host of former soccer stars who played in an interreligious charity match backed by Pope Francis on Monday night. The Argentine pope, an avid soccer fan, did not attend the match but had an audience with both teams earlier in the day and also broadcast a message on the big screens at Rome's Olympic Stadium ahead of kickoff.

Monday, September 1st 2014 - 13:46 UTC

Timerman presents plan to regulate sovereign debts before the UN on Tuesday

The minister called for a “regulatory framework for debt restructuring process that is not only economical but political and social”

Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”

Saturday, August 30th 2014 - 11:06 UTC

Capital Markets accept review of sovereign default and making terms extensive to all bondholders

The new clauses are “a bit like planting an oak tree. You are looking at a 10-year horizon when this will take hold” said Leland Goss, ICMA general counsel.

The International Capital Market Association (ICMA) published on Friday the revised framework that allows a majority of investors holding sovereign bonds that default to make changes to the terms, such as extending maturities or reducing the principal.

Saturday, August 30th 2014 - 08:01 UTC

Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

Following a request from Elliott NML Capital, US District Judge Griesa scheduled a hearing for Sept. 10 at 2:30 p.m. EDT

The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.

Saturday, August 30th 2014 - 07:07 UTC

New World Bank delegate in Argentina; 'country strategy' to be considered next month

Economist Henstchel is considered well informed of Argentine issues since he spent time in the country following the 2001 meltdown of the economy

The World Bank board of directors will be discussing sometime next month a new aid program for Argentina focused on combating poverty, but the loans approval can't be expected until next year, according to the bank's new representative in Argentina, Jesko Hentschel.

Friday, August 29th 2014 - 08:07 UTC

Singer extends 'discovery' looking for Argentine assets in Chinese banks

 While the Chinese banks can oppose the request, Singer's Elliott is confident that the US courts would ultimately allow its request to go through.

As it did in Nevada and California, a unit of billionaire Paul Singer's Elliott Management, which is Argentina's main holdout creditor, is extending its legal fight with the country to China. NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on 6.8bn dollars in financing for deals signed by the two countries in July.

Friday, August 29th 2014 - 07:32 UTC

Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

More than 30 wells will be drilled in the pilot stage, which is scheduled for the first quarter of 2015, YPF said in a statement.

Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation.

Friday, August 29th 2014 - 06:46 UTC

Mercosur main partners in another attempt to re-launch withering economies

Kicillof is expected in Brazil to meet with his peer Mantega and Industry minister Burgos.

Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

Friday, August 29th 2014 - 06:17 UTC

Capitanich downplays success of strike and claims only well paid unions joined

”There are 20 labor unions with over 30,000 members which did not join (the walkout). Only eight (unions) of over 30,000 members joined,” said Capitanich

Argentine cabinet chief Jorge Capitanich downplayed the success and support of Thursday's strike and stressed that the income tax, one of the key points in the protest only reaches 10.4% of workers and criticized radical groups for supporting those “who earn most”

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement