Argentina

Argentina
Wednesday, August 20th 2014 - 02:56 UTC

US insists Argentina must engage with creditors over sovereign debt dispute

Timerman, Capitanich and Legal Advisor Susana Ruiz Cerrutti at Tuesday morning's media conference

The US government reiterated on Tuesday that the International Court of Justice in The Hague “is not the appropriate venue” for addressing Argentina's debt issues and again called on the government of President Cristina Fernandez to engage with its creditors.

Wednesday, August 20th 2014 - 00:08 UTC

Three relatives of Pope Francis killed in car accident in Argentina

The remains of the car that crashed into a grain truck and caught fire

Three relatives of Pope Francis, including two young children, died on Tuesday when their car slammed into the back of a truck in Argentina. The Pope's nephew, Emanuel Horacio Bergoglio, who was driving the car, was in a serious condition after the accident, officials said.

Tuesday, August 19th 2014 - 08:05 UTC

Falklands' war statements from Chilean minister praised by Argentine peer

”Statements on the Malvinas war from minister (Jorge) Burgos have been well received by the Argentine people”, said Rossi

Argentine Defense minister Agustín Rossi praised on Monday his Chilean peer statements relative to Chile's role and attitude during the Falklands war when Britain sent a task force to expulse the Argentine military invasion in 1982.

Monday, August 18th 2014 - 06:52 UTC

“Chile not proud of Falklands war support”, but “proud of peace treaty with Argentina”

 “Next 29 November we are celebrating the 30th anniversary of the Peace and Friendship Treaty signed by the Argentina and Chile at the Vatican”

Defense minister Jorge Burgos said that most Chileans are not proud of the attitude of the Pinochet dictatorship when the Falklands/Malvinas war, but also admitted it happened at a very different and difficult moment in the relations between Chile and Argentina.

Monday, August 18th 2014 - 06:17 UTC

Malvinas Museum incorporates San Martin letter referred to links with South Atlantic Islands

Minister of Culture Parodi and Daniel Filmus during the ceremony dedicated to the San Martin letter that mentions Patagones and Malvinas prisoners (Pic Telam)

The Malvinas Islands Museum in Argentina has incorporated a letter allegedly handwritten by Liberator General Jose de San Martin and dated August 1816, a month after Argentina formally declared independence (07/09/1816) in which he mentions having given instructions to liberate prisoners in Patagones (Patagonia) and Malvinas Islands so they can join the Andes army.

Monday, August 18th 2014 - 06:13 UTC

First Kirchnerite governor crosses the line and joins opposition group

 Alberto Weretilneck: “I am being pushed out of the Victory Front by the expulsive attitude of the Río Negro PJ’s leaders”

The governor from the Argentine province of Rio Negro has decided to cross the line and join one of the leading opposition groups whose head is a strong presidential hopeful for October 2015. The move can be threatening to the government of President Cristina Fernandez if more disenchanted elected officials follow or their lawmakers also decide to cross the line and could jeopardize the government's majority in Congress.

Saturday, August 16th 2014 - 11:32 UTC

Trust in Argentine reliability has vanished, as a result of the bonds' litigation

Cristina Fernández said the collapse of a private deal proved what she has long said: 'vulture funds' do not want to reach an agreement

Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.

Saturday, August 16th 2014 - 11:15 UTC

Billionaire Soros becomes the fourth largest holder of YPF shares

Soros Fund added 8.47 million YPF shares, said a regulatory filing, bringing its total position to 3.5% of the company’s American depositary receipts.

George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.

Saturday, August 16th 2014 - 09:01 UTC

Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

Euro bondholders have argued that their bonds should be exempt because they are governed by the laws of England and Wales

Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.

Saturday, August 16th 2014 - 08:45 UTC

Global trade union summit condemns actions of vulture funds against Argentina

 Workers' worldwide “mass support shows international condemnation of the speculative actions of vulture funds”, said the former union leader Ms Castro

The International Transport Workers’ Federation passed on Friday a motion condemning the actions of the 'vulture funds' against Argentina and calling ”not to allow the vulture funds to paralyze the debt-restructuring processes of developing countries or prevent states from exercising their right to protect their citizens under international law”, according to a release from the Argentine embassy in London.

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