Argentina

Argentina
Thursday, August 21st 2014 - 07:46 UTC

'Malvinas Institute' in La Plata university to research 'sovereignty policies'

“Our idea is to make Malvinas an important studies issue in all disciplines: from geography, to history and human rights” said Fernando Tauber

The University of La Plata, province of Buenos Aires, is setting up a “Malvinas Institute” that will specialize in 'sovereignty policies' research, as part of the Political Sciences department. The new research and extension center will be located in a former military barracks in downtown La Plata which was ceased to the university.

Thursday, August 21st 2014 - 07:18 UTC

Argentina back-steps on applying 'anti-terrorism' law on a US company

Argentina's head of the securities regulator, CNV, Alejandro Vanoli said that the anti-terrorism law will not be applied against the United States printing firm RR Donnelley, as president Cristina Fernández had announced last Thursday.

Thursday, August 21st 2014 - 07:07 UTC

Aurelius Capital brands Argentine leaders 'outlaws' for flouting US courts orders

 Tuesday evening President Cristina Fernandez revealed a plan to shift interest payments to holders of the country's restructured bonds to an Argentine bank

One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” on Wednesday after Buenos Aires moved to shift its bond payment method.

Thursday, August 21st 2014 - 06:58 UTC

Italian bondholders' representative supports Argentina decision to change debt's jurisdiction

“I care about the money reaching bondholders’ pockets” stressed Zembo

The Italian legal representative of Argentine bondholders, Tullio Zembo praised the Sovereign Public Debt Payment Law announced by President Cristina Fernandez, saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropriate.”

Thursday, August 21st 2014 - 06:41 UTC

Cristina Fernandez blasts those who invest in the 'illegal currency' (US dollar)

Addressing the Buenos Aires Stock market, Cristina Fernandez insisted with her defiant attitude, and also criticized congressional opposition

Argentine president Cristina Fernandez emphasized on Wednesday evening the need to amplify “the local financial market so we will not depend on foreign fluctuations,” during the celebration of Buenos Aires Stock Market 160th anniversary.

Thursday, August 21st 2014 - 06:32 UTC

The 'blue' dollar ended trading on Wednesday at 13.55 Argentine Pesos

Money exchange market in Buenos Aires reflects the uncertainty of the latest Argentine government decisions

Following the Argentine government’s proposal to change the debt’s payment 'location' (jurisdiction) from New York to Buenos Aires, the US dollar closed on Wednesday three cents up to 8.33 pesos in banks and exchange offices of the City, while the “blue” rate added a massive 35 cents to trade at 13.55 pesos, a new record.

Thursday, August 21st 2014 - 06:26 UTC

Soccer fan Pope Francis receives San Lorenzo, South America's best team

“In a very special way, I greet South America's champions San Lorenzo. They are part of my cultural identity,” said the pope

Soccer took center stage at the Vatican Wednesday morning when members of Argentina's San Lorenzo visited their most famous fan, Pope Francis, to share the joy of winning the Copa Libertadores last week.

Wednesday, August 20th 2014 - 10:06 UTC

Argentina gambling industry tycoon closes Miami casino for a year

Cristobal Lopez is a close associate of the Kirchner family and was benefitted with gambling licenses.

Argentine gambling industry tycoon Cristobal Lopez and who has been targeted by Paul Singer from Elliott Management in his hunt for assets connected to Argentine leaders, has closed for 'a year' a casino he owns in Florida and which he only opened last February.

Wednesday, August 20th 2014 - 10:00 UTC

Citi tells Griesa its banking license in Argentina is at risk because of the 'holdouts case'

Citi expects to receive about 5 dollars million from Argentina ahead of its next coupon payment deadline of Sept. 30.

Citigroup has told the US appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.

Wednesday, August 20th 2014 - 09:22 UTC

Nervous Cristina skirts New York court and pledges to service swapped bonds in Argentina

CFK said debt holders can swap their bonds for notes with “identical terms and financial conditions, and with equal nominal value” under Argentine law.

President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.

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