Argentina

Argentina
Thursday, July 17th 2014 - 05:39 UTC

“K” economist claims holdout hedge funds are after Argentina’s shale resources

 Economist Agustín D’Atellis bashed ‘vulture funds’

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.

Wednesday, July 16th 2014 - 08:00 UTC

June inflation in Argentina reached 1.3% and 15% in the first half of 2014

Housing, basic services plus healthcare were the items with the highest rises

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%.

Wednesday, July 16th 2014 - 07:42 UTC

Malvinas: Argentine senator proposes shared sovereignty with Latam for 30 years

“We’re not going to get the Malvinas back with an annual claim presentation”, before C24 said Senator Cabral Arrechea

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.

Tuesday, July 15th 2014 - 07:19 UTC

Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit

The Russian president was received with full head of state honors by Rousseff at Planalto Palace in Brasilia

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.

Tuesday, July 15th 2014 - 07:07 UTC

Holdouts call on Argentina to settle debt payments and recall 30 July deadline

 Judge Griesa should be back this week from summer holiday in Montana

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.

Monday, July 14th 2014 - 06:17 UTC

GM to manufacture aluminium engines in Argentina for local and export markets

Cabinet Chief Capitanich and Minister Giorgi with GM president Dan Ammann

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.

Monday, July 14th 2014 - 05:49 UTC

Russia interested in Argentina's shale deposits, says Cristina Fernandez

“A Russian delegation will travel to Vaca Muerta to visit one of the largest shale gas areas of the world” announced Cristina Fernández

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.

Monday, July 14th 2014 - 05:39 UTC

Falklands: Putin calls on UK to sit and talk with Argentina to resolve the dispute

The Russian president on a Latin American tour spent one day in Argentina where several agreements were signed

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.

Monday, July 14th 2014 - 05:24 UTC

Russia offers to build (and finance) two new nuclear power plants in Argentina

“Rosatom is actively working here and has already handed over its technical and commercial offer to our (Argentine) colleagues,” said minister Novak

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.

Monday, July 14th 2014 - 05:07 UTC

Brazilians join Germans in celebrating the World Cup and Argentina's defeat

Brazilians painted the German flags on their cheeks or even wore the European team's jersey.

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.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement