Argentina

Argentina
Wednesday, July 30th 2014 - 01:26 UTC

Tevez' father victim of a double crime, released after paying ransom

Segundo Tevez was first car-jacked, but when criminals realized he was Carlitos father they returned and abducted him

The father of Juventus forward Carlos Tevez, Segundo Tevez, has been released after being kidnapped for more than eight hours in the city of Morón, in Buenos Aires province. The player later thanked those who had sent their support during the ordeal.

Tuesday, July 29th 2014 - 06:59 UTC

Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

 Argentina has until Wednesday to either pay the New York hedge funds suing for full repayment on their bonds or reach a deal.

Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.

Tuesday, July 29th 2014 - 05:43 UTC

Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

The article was credited to Katia Porzcecansky based on a letter from the group's solicitor Christopher Clark

A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.

Tuesday, July 29th 2014 - 05:35 UTC

“ Argentina Dances With Default”, warns The Wall Street Journal

“President Cristina Fernandez has spent a month running an extraordinary public campaign vilifying the holdouts as well as Judge Griesa and U.S. courts”

As Argentina approached the deadline for another default, second in twelve years, the governments of President Cristina Fernandez is trashing a U.S. judge rather than repay creditors, underlines an editorial column from The Wall Street Journal.

Tuesday, July 29th 2014 - 05:27 UTC

Griesa eases bond payments agenda; Argentina complies with the Paris Club

“This court does not wish to affect the agreement with Repsol,” Griesa commented on passing his judgment.

New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.

Tuesday, July 29th 2014 - 05:13 UTC

Dollar in Argentina climbs to 13 Pesos and the stock market drops 1%

As 30 July deadline approaches many investors are seeking refuge with the US dollar

The “blue” dollar on Monday spiked 40 cents, to 13 Argentine pesos, amid growing uncertainty over the negotiations between Argentina and its holdout creditors in New York, as the July 30 deadline set by US Judge Thomas Griesa approaches.

Monday, July 28th 2014 - 08:09 UTC

Strong speech from Cristina Fernandez expected at Mercosur summit in Caracas

The Mercosur summit takes place on Tuesday and as of Wednesday Argentina might be declared in technical default

Argentine President Cristina Fernandez will attend this Tuesday the leaders' summit of Mercosur in Caracas, Venezuela. The president will travel to Caracas in order to participate in a congress originally scheduled for December 17, but which suffered several postponements.

Monday, July 28th 2014 - 07:56 UTC

Argentine farmers and government again clash over the 'preyed-upon decade”

Luis Etchevehere, head of the powerful farmers' SRA accused the government of President Cristina Fernandez of being “ignorant and arrogant”.

Argentine Agriculture Minister Carlos Casamiquela and Federal Planning chief Julio De Vido rebuffed the criticism of the head of the Argentine Rural Society (SRA), Luis Etchevehere, who at the opening of the Palermo livestock show accused the government of President Cristina Fernandez of being “ignorant and arrogant”.

Saturday, July 26th 2014 - 06:56 UTC

Cristina Fernandez will analyze holdouts' case during her stay in Rio Gallegos

The Argentine president left on Friday for Santa Cruz

President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.

Saturday, July 26th 2014 - 06:49 UTC

IMF warns about 'default' costs for Argentina; calls for debt restructuring mechanisms

“If Argentina goes into default and doesn't pay the holdouts, for some time it will be unable to access markets” said Olivier Blanchard

The IMF's chief economist warned that a default by Argentina in its battle with holders of its defaulted debt may hurt its economy and the global financial system. Argentina continues to face the fallout of its 2001 debt default, which plunged the country into an economic crisis it is still battling to overcome.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement