Argentina

Argentina
Saturday, July 19th 2014 - 08:16 UTC

China extends a 'financial' hand to dollar and credit strapped Argentina

 Xi and Cristina Fernandez toast for a 'foundational day' in relations between Argentina and China

Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swap operation between the central banks of Argentina and China.

Saturday, July 19th 2014 - 08:00 UTC

Argentine Jewish community lash out at the government over 1994 attack

”After 20 years we know more about the international connection than about the local one”, said Saieg

Thomas Saieg, the vice president of the Argentine AMIA Jewish community centre, the target of a terrorist attack which left 85 people killed back on 18 July 1994, demanded on Friday “a new trial as soon as possible to know what happened.”

Saturday, July 19th 2014 - 07:51 UTC

Pope sends message demanding justice on 20th anniversary of AMIA bombing

”Terrorism is madness. Terrorism only knows to kill; it does not know how to build. It destroys,” said Francis

On the 20th anniversary of the AMIA Jewish community center bombing, the Argentine pontiff sent a message for “justice” to Argentina’s Israeli community and relatives of the 85 victims that resulted dead in the attack.

Saturday, July 19th 2014 - 07:15 UTC

FIFA's calendar of world cups: US in 2026 and Uruguay/Argentina 2030?

The Centenario stadium where the first world Cup was played and won by Uruguay 4-2 against Argentina

Two strong favourites have emerged to host the 2026 and 2030 World Cups. The UK is hopeful that they can follow Russia 2018 and Qatar 2022 and bring the cup to the country for the first time since 1966.

Saturday, July 19th 2014 - 06:50 UTC

Italian chapter of holdouts tells Argentina it will continue to the last consequences

“Argentina must face it: the time has come for them at last to make whole the retail bondholders who it once targeted,” said Nicola Stock in the FT.

The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.

Friday, July 18th 2014 - 13:28 UTC

Over 30% of Argentine children live in households below the poverty line

According to the UCA report on Social Debt, 32% of households don't have access to the sewage system and 11% to drinking water

Four out of ten people in Argentina live in households where children suffer poverty conditions, according to the latest release from the Argentine Catholic University (UCA) Social Debt Barometer.

Thursday, July 17th 2014 - 07:20 UTC

CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

Dilma Rousseff will be taking a proposal on sovereign debt restructuring to the G20 summit in Australia, according to the Argentine president

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

Thursday, July 17th 2014 - 07:14 UTC

CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

In an impassionate 26 minute speech the Argentine leader called for support in the battle with holdouts

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”

Thursday, July 17th 2014 - 06:49 UTC

Judge warns Argentine VP of impeachment if he does not turn up for questioning

Boudou was summoned to court this week but asked for a suspension since he was to replace Cristina Fernandez

Argentine Vice-president and acting president while Cristina Fernandez is off to Brazil, and who was summoned this week for a hearing in a criminal probe for alleged irregularities in the purchase of a vehicle, was granted another seven days, but if he does not turn up Federal Judge Claudio Bonadio will ask Congress for his impeachment.

Thursday, July 17th 2014 - 06:36 UTC

Argentine Congressional index inflation: 2.2% in June and 39.9% in six months

Housing and public utilities were the items with the largest increases in June

Inflation in Argentina during the month of June reached 2.2% accumulating 39.9% in the first half of the year, according to the average of private consultants, which is also identified as the Congressional index. The announcement comes a few hours after the official rate from the Indec stats office was released, 1.3% and 15%.

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