Argentina

Argentina
Thursday, April 21st 2016 - 12:07 UTC

Argentine bill proposes 25% higher penalties for attacks on a teacher

Education minister Esteban Bullrich's plan is to make sure the public showed more “respect” for teachers.

An attack on a teacher would be punished with higher penalties than an attack on any other citizen under proposals in Argentina to raise the status of teaching. It is believed to be the first time teachers would have been given a special legal protection in this way.

Thursday, April 21st 2016 - 11:49 UTC

Monsanto in collision course with the administration of president Macri

Monsanto is set to challenge Argentina’s attempts to retain control over lab analysis to verify the origin of its grain exports.

Monsanto has rejected a request by Argentina for more time to collect monies owed by small farmers for royalties on genetically modified soybean seeds. Argentine agricultural minister Ricardo Buryaile and members of his staff have met with Monsanto representatives, including chief operating officer Brett Begemann to request a waiver on the monies owed.

Thursday, April 21st 2016 - 10:49 UTC

Reporters organization questions media ownership concentration in Argentina

“The new legislation will probably result in a greater concentration of media ownership, especially in the hands of the Clarín media group”

Reporters Sans Frontières (RSF) international organization questioned the abrogation of Argentina’s media law decided by the administration of President Mauricio Macri, warning the new legislation that creates the Enacom agency “favors” concentration of media ownership in the country.

Thursday, April 21st 2016 - 05:11 UTC

Chile downplays Argentina's continental shelf extension which included Falklands and Antarctic territory

“What UN is saying is that there are 200 miles from the Argentine coast limit and they also include Malvinas, which obviously are British territory” said Retamales

A strong controversy is expected following statements from Chilean officials who downplayed the significance of the recent UN continental shelf maritime extension referred to Argentina and which included the Falklands, South Atlantic Islands and Antarctica territory.

Wednesday, April 20th 2016 - 07:10 UTC

Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

“With great capacity and dialogue” Argentina is back in the world and has managed to become a reliable trustworthy country, said Macri

“You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.

Wednesday, April 20th 2016 - 06:58 UTC

Argentina makes emerging-market record US$ 16.5b debt sale and ends litigation with bondholders

“We are resolving three issues at the same time: the 2001 default, the default of the previous government and we are returning to the market” said Minister Prat Gay

Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.

Tuesday, April 19th 2016 - 09:28 UTC

Chile admits differences with the 'new map of Argentina' which extends maritime outer limits

The official “new map of Argentina” announced last month, and in which Chile has a few objections

Punta Arenas daily La Prensa Austral points out that a 'controversy is brewing' following the recent 'new map of Argentina' presented by foreign minister Susana Malcorra expanding the outer limit of the country's continental platform according to the UN Commission on the Limits of the Continental Shelf, CLCS.

Tuesday, April 19th 2016 - 08:47 UTC

Spectacular Argentine return to money markets: bond issue subscribed several times

Argentina attracted US$ 67bn bids for its first bond issue in world markets since it defaulted back in 2001

Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.

Monday, April 18th 2016 - 10:28 UTC

Argentine travel agencies promote Falklands' weeklong tour package

 The tour has a basic historic emphasis and includes visiting battlegrounds from the 1982 conflict, Mount Longdon, Goose Green, San Carlos

The network of Argentine travel agencies under the umbrella organization Lufthansa CityCenter, has come up with a package for Argentines wishing to travel to the Falkland Islands, in search of a cultural approach with an emotive tour of the historic sites of the Islands.

Monday, April 18th 2016 - 09:46 UTC

Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

“We'll only reach an agreement if we start to discuss it. We're not going to get closer unless we display proposals. It's a give and take game”, said Malcorra

Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

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