Argentina
Argentina“K” economist claims holdout hedge funds are after Argentina’s shale resources
The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.
June inflation in Argentina reached 1.3% and 15% in the first half of 2014
June inflation in Argentina reached 1.3%, accumulating 15% in the first six months of the year, according to a release from the country’s stats office Indec. The release also revealed the wholesale prices had increased 1.5% in June, while locally-made products saw rises of 1.5%.
Malvinas: Argentine senator proposes shared sovereignty with Latam for 30 years
An Argentine Senator has stated that the solution to the Falklands/Malvinas dispute is a period of shared sovereignty, with Latin American support and guarantees, before the Islands are finally handed over to Argentina.
Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit
Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
Holdouts call on Argentina to settle debt payments and recall 30 July deadline
Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.
GM to manufacture aluminium engines in Argentina for local and export markets
General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.
Russia interested in Argentina's shale deposits, says Cristina Fernandez
President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Falklands: Putin calls on UK to sit and talk with Argentina to resolve the dispute
Russia's president Vladimir Putin has got involved in the Falkland Islands row, urging Britain it must sit down with Argentina for fresh talks to resolve the dispute, as indicated by the United Nations.
Russia offers to build (and finance) two new nuclear power plants in Argentina
Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
Brazilians join Germans in celebrating the World Cup and Argentina's defeat
Brazilians bitter about their team's disastrous World Cup celebrated Argentina's defeat to Germany in the final Sunday by dancing and launching fireworks, relieved that their arch-rivals failed to triumph on their soil.
