Argentina

Argentina
Thursday, August 28th 2014 - 06:06 UTC

Malvinas: Chile reiterates support for Argentina's claim through dialogue

Minister Muñoz and Filmus at the meeting in which bilateral relations were underlined

Foreign minister Heraldo Muñoz reiterated on Wednesday Chile's support for Argentina sovereign rights over the Falkland Islands, Georgia and South Sandwich Islands during a meeting with visiting Daniel Filmus, head of Argentina's desk relative to Malvinas and other South Atlantic Islands affairs.

Wednesday, August 27th 2014 - 20:21 UTC

Cristina Fernandez proposes a new capital for Argentina and compares herself with San Martín

Her proposal is to move the capital to Santiago del Estero, 'closer to the Pacific' and where elections are scheduled for Sunday

Argentine president Cristina Fernandez threw her weight behind moving the capital Buenos Aires to the northern province of Santiago del Estero, an idea hitherto only pioneered by Lower House Speaker Julian Domínguez.

Wednesday, August 27th 2014 - 06:51 UTC

Argentina and Chile navies in confidence building exercises in Beagle Channel

The exercise identified as “Viekaren” are held annually since both countries put an end to the dispute over Beagle waters and islands

Argentina and Chile announced on Monday the launching of the annual naval exercise known as “Viekaren” (confidence in Yamana language) in the extreme south of the continent where the two countries territorial waters meet.

Wednesday, August 27th 2014 - 06:42 UTC

Singer recruits former Secretary of State Albright for its dispute with Argentina

Ms Albright worked with president Bill Clinton. Her partner and co-chair is Gutierrez, a former Commerce Secretary with president Bush

Billionaire Paul Singer, founder and CEO of hedge fund Elliott Management Corporation has picked up some major political muscle to press his case in the long-running debt battle with Argentina, reports the New York Post.

Wednesday, August 27th 2014 - 06:33 UTC

Argentina revokes BONY authorization to operate and act as trustee

Resolution 437/2014 signed by central bank President Fabrega and Superintendent Belmonte, is based on BoNY’s “non-fulfillment of the contract”

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.

Wednesday, August 27th 2014 - 06:07 UTC

As confidence vanishes, US dollar in Argentina breaks new record: 14.20 Pesos

Minister Kicillof and orthodox banker Fabrega have different approach to economic policy

Despite appeals to national unity from president Cristina Fernandez, the US dollar, Argentina's best test for confidence, climbed 22 cents to a new record in the informal market at the end of Tuesday's trading: 14.20 Pesos.

Tuesday, August 26th 2014 - 07:24 UTC

YPF strikes oil and gas in the Kirchner's province

“This discovery is the result of innovative works, and it once again honors the explorer DNA of YPF”, president Miguel Galuccio said

Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.

Tuesday, August 26th 2014 - 06:48 UTC

Argentine tax office requests arrest of US company directors for 'fraudulent bankrupcy'

All the data on the 'fraudulent' bankruptcy has been given to the CNV which this week will be presenting them to the US SEC, said Echegaray

Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called “playing a trick and inventing a fraudulent bankruptcy” for the printing plant located in Buenos Aires province.

Tuesday, August 26th 2014 - 06:42 UTC

Soros group and others file lawsuit against BONY over payments in Euros

The plaintiffs in the latest lawsuit which includes Soros, hold more than €1.3 billion in Argentine debt.

A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.

Tuesday, August 26th 2014 - 06:35 UTC

Argentina will appeal WTO ruling against the use of import restrictions

 Deputy minister Emmanuel Alvarez confirmed the dispute with WTO but said that “Argentine customs are not closed, but looked after”.

Argentina will appeal a World Trade Organization ruling against its use of import restrictions, according to a senior Argentine official. On Friday a WTO dispute panel found against Argentina in a 2012 case brought by the United States, the European Union and Japan relating to Buenos Aires licensing rules used to restrict imports.

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