Argentina

Argentina
Monday, September 15th 2014 - 06:23 UTC

Argentina confirms payment to bondholders at the end of September

Kicillof said the coupon will be paid based on a bill approved last week which allows for location transfer

Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday.

Monday, September 15th 2014 - 05:11 UTC

Gas prices must increase to sustain strong investment levels, says YPF Galuccio

“If gas prices did not increase we would be bankrupt,” Galuccio said in an interview justifying sustained increases along the year

Argentina's YPF oil and gas state corporation CEO Miguel Galuccio pointed out that the increase in gas prices is needed in order to sustain “strong investment levels” for the company and revealed that the cost of drilling a well in the country's massive oil field in Vaca Muerta has fallen below 7 million dollars.

Monday, September 15th 2014 - 05:07 UTC

Free fall for Cristina Fernandez with record negative image and support

The Argentine leader in October 2011 was re-elected with 54% of ballots; now only 26.5% support her

The negative image of Argentine president Cristina Fernandez climbed this month to 43.8%, the highest since last May, according to the latest release of the Management & Fit public opinion polls, published in the Buenos Aires media.

Monday, September 15th 2014 - 04:07 UTC

Spanish Judge Garzon praises Argentina's sovereign payment bill and UN resolution

”The UN’s decision “represents a victory for Argentina and for the countries that are victims of the predatory practices” of international funds, said Garzon

Former Spanish Judge and Human Rights activist Baltasar Garzon praised the Sovereign Payment law approved by Argentina’s Congress last week and described the United Nation’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as “essential.”

Saturday, September 13th 2014 - 06:57 UTC

Argentina with two August inflation measures: the official Indec, 1,3% and the congressional rate, 2.65%

According to Indec, Housing and basic services lead the increase with 2.6%, followed by Education with a 2.1%

Argentina has two consumer prices indexes, and they differ considerably. In effect during August the so called congressional index doubled the official rate: the National Urban Consumer Price (IPCNU) released by the stats office Indec, in the eighth month of the year was 1,3%, which means inflation in the first eight months stands at 18,2%.

Saturday, September 13th 2014 - 06:44 UTC

Argentina guarantees car makers sufficient dollars to meet production target

Automaker GM president for South America, Jaime Ardila, was quoted saying trade flows would normalize once Argentina resolved its sovereign debt crisis.

Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors Co announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage.

Saturday, September 13th 2014 - 05:37 UTC

Falklands and the ”unwelcome visits from (Argentine) aircraft”

Gerald Cheek also played an active part in the resistance against the Argentine invasion

Gerald Cheek, now retired from his position as Falkland Islands Director of Civil Aviation, has addressed a letter to the Penguin News clarifying some details about the 'Unwelcome visits from aircraft', clearly in reference to episodes of Argentine aircraft incursion and landing in the Islands.

Friday, September 12th 2014 - 06:55 UTC

With the new bill “Argentina wants to pay, can pay and will pay all contracted debts”

The current financial situation has nothing to do with the last socio-economic crisis in 2001. “We are in an exactly reverse situation, in 180 degrees”

Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.

Friday, September 12th 2014 - 06:46 UTC

Falklands Islands' minefield priority areas are named as bidders visit

Foreign Office Advisor for minefield issues Alistair Craib confirmed this week the priority minefields to be cleared beginning November

Four minefield clusters have been pinpointed as priority areas for the next clearance phase in the Falkland Islands. Foreign and Commonwealth Office (FCO) Advisor for minefield issues Alistair Craib confirmed this week that Priority 1 is Minefield 59 on either sides of the MPA Road near Wall Mountain and Mount Harriet.

Friday, September 12th 2014 - 06:28 UTC

Argentina's situation “will not develop into a regional financial crisis”, says UNCTAD

The UN office criticized the legal obstacles Argentina has faced in servicing its restructured debt obligations.

United Nations Conference on Trade and Development (UNCTAD) said that while Argentina was facing potential financial instability, its solvency and the sound macroeconomic fundamentals in other countries of the region “should prevent the shock from developing into a regional financial crisis.”

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement