Argentina

Argentina
Friday, August 14th 2015 - 09:44 UTC

Argentina: July inflation 1.92% and 27.15% annually says Congressional index

“It is clear that contrary to government's efforts to hide reality, the inflation index continues to climb”, said Bullrich

Argentina's July inflation for the private financial consultants climbed 1.92% and in the last twelve months reached 27.15%, according to the report released in Congress by opposition lawmakers. The so called 'congress index' is an average of the different private consultants which is released monthly by lawmakers to avoid fines and reprisals from government.

Friday, August 14th 2015 - 09:06 UTC

Highest PLO award to Cristina Fernandez for supporting Palestinian state

“It’s very significant that Argentina was on the forefront in leading the majority of the continent in recognizing Palestine,” said Saeb Erekat

Palestine Liberation Organization (PLO) chief Saeb Erekat praised Argentine President Cristina Fernandez for her support and recognition of the Palestinian state as he paid tribute to the backing of the region’s leaders.

Thursday, August 13th 2015 - 07:05 UTC

Rain and floods in Buenos Aires province become a political challenge

In the north of the province, around 11,000 remained evacuated as a result of the rise of the Lujan, Arrecifes, Salto, Areco and Matanza rivers

Over 20.000 people are estimated to have been evacuated or suffering flooding because of continued rains in Buenos Aires province where a wind alert for the River Plate area and coastal zones is hampering draining possibilities, a situation which started last week and is expected to last until Sunday.

Thursday, August 13th 2015 - 07:00 UTC

Argentine minister's daughter, 26, board member of main development bank

Delfina Rossi with her father Argentina's Defense Minister Agustin Rossi,

Maria Delfina Rossi, the daughter of Argentina's Defense Minister Agustin Rossi, has been appointed to head the Banco Nacion following a resolution signed by President Cristina Fernandez.

Thursday, August 13th 2015 - 06:45 UTC

Griesa sanctions Argentina for not turning in information on assets

Griesa agreed with NML that Argentina should be punished for failing to turn over evidence that the fund wants to use to discover assets.

New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.

Wednesday, August 12th 2015 - 07:21 UTC

Parlasur bench: after seven attempts first election win for Malvinas affairs desk head Filmus

Filmus figured in the fourth place of the Victory Front list, behind Jorge Taiana and current ministers of Culture, Teresa Parodi and Defense, Agustin Rossi.

Daniel Filmus, head of the Malvinas Affairs Desk in the Argentine ministry of foreign affairs can expect to become a member of Mercosur Parliament, or Parlasur, in the coming October general election, following on a repeat of the Argentine primaries' results of last Sunday.

Tuesday, August 11th 2015 - 07:55 UTC

Argentina wins a battle in its ongoing struggle with hedge funds

The 2nd U.S. Circuit Court of Appeals ruled that Judge Griesa had improperly expanded a class of bondholders who were seeking repayment

Argentina on Monday won a battle in its ongoing struggle with hedge funds holding sovereign bonds. In this case Argentina managed the reversal of a U.S. judge's ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.

Tuesday, August 11th 2015 - 07:14 UTC

Argentina will service 3.5bn dollars maturing next October with bank reserves

Central bank will transfer to the Treasury, the needed amount of over 3.55bn dollars and in exchange will receive 10-year debt instruments from the Treasury

Argentina confirmed it will be using Central Bank foreign-currency reserves to service more than US$3.5 billion dollars in international debt that matures in October. The confirmation came through an announcement in the Official Gazette, signed by President Cristina Fernández, Cabinet Chief Anibal Fernández and Economy Minister Axel Kicillof.

Monday, August 10th 2015 - 07:28 UTC

Argentine primaries added more expectations to October 25 first round vote

Daniel Scioli, according to the first results and tendencies, and despite celebrations did not reach the 40% floor targeted

The Cristina Fernandez administration candidate Daniel Scioli, as anticipated, was the presidential hopeful with most votes in Argentina Sunday's open, simultaneous and mandatory primaries, (PASO), in which the different parties chose those who will lead them into the 25 October election to elect the head of the Executive, half the Lower House and a third of the Senate.

Monday, August 10th 2015 - 07:20 UTC

Pope Francis criticizes destruction of forests to plant soy bean

“It hurts me in my soul when I see deforestation to plant soy,” said the pope in an interview with two priests at a parish radio

Pope Francis criticized the destruction of forests in order to plant soy in an interview with an Argentine radio station on Saturday, reinforcing his message that the environment should take precedence over financial gain.

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