Wednesday, September 10th 2014 - 06:22 UTC

Cristina Fernandez celebrates the UN assembly vote: “we have to feel proud”

“A world where two or three billionaires can put pressure on the justice system to try and collect usurious gains is not sustainable” said the Argentine president

Argentine President Cristina Fernández praised on Tuesday the United Nations General Assembly approval of a project that proposes legal framework to regulate restructuring of foreign sovereign debt, saying “Argentina has set an international leading case” with the initiative.

Wednesday, September 10th 2014 - 06:09 UTC

UN assembly sides with Argentina votes to change sovereign debt restructuring

The G77 and China initiative received 124 votes, 41 abstentions and 11 nays, among which the US, UK, Japan and Germany

The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.

Wednesday, September 10th 2014 - 06:03 UTC

World Bank commits 5bn dollars financial support for Argentina in 2015/2018

“WB will be supporting Argentina in reaching the most vulnerable in society, especially in the lowest income areas of the country” said Jesko Hentschel

The World Bank Group’s (WBG) Executive Directors discussed a new Country Partnership Strategy (CPS) for Argentina covering fiscal years 2015-2018 with financial commitments over the period expected to be in the range of 1 to 1.2 billion dollars per year plus 1.7bn for the private sector.

Tuesday, September 9th 2014 - 04:11 UTC

Antarctica sea levels rising faster because of fresh water from melting glaciers, say researchers

“Fresh water is less dense than salt water, and so in regions where an excess of fresh water has accumulated we expect a localized rise in sea level”

Sea levels around Antarctica are rising faster than anywhere else in the southern ocean. The global average rise in ocean heights in the last 19 years has been 6cms, but the rise in seas around Antarctica is 2cms higher.

Monday, September 8th 2014 - 07:07 UTC

Malvinas Argentine sovereignty policy launches book recalling first speech before UN C24

Timerman and Filmus insisted that Malvinas sovereignty policy is a “State policy” supported by all democratic governments

Foreign minister Hector Timerman and Malvinas affairs Secretary Daniel Filmus, made the official presentation of the book “Malvinas Argentine sovereignty; 50 years since ambassador Ruda's speech” which recalls the fiftieth anniversary of the first Argentine presentation on the question of the Malvinas Islands before the UN Decolonization Committee, or C24.

Monday, September 8th 2014 - 06:35 UTC

China aids Argentina: a billion dollars in Yuan pledged by end of the year

The announcement from the Argentine central bank was made following a meeting of Fabrega with his Chinese counterpart Zhou Xiaochuan in Basilea

Argentina's central bank chief, Juan Carlos Fabrega, met his Chinese counterpart Zhou Xiaochuan in Basilea, Switzerland on Sunday to discuss how a currency swap worth billions of dollars will be put into action, the Argentine monetary authority said.

Monday, September 8th 2014 - 05:36 UTC

Fifty years since Falklands incursion and landing by Argentine light aircraft

A recent photo of the ‘bystander’ Jim Shirtcliffe who received Fitzgerald’s note of protest.

This Monday is the fiftieth anniversary of an odd stunt by Argentine Cessna pilot Miguel Fitzgerald who landed his light aircraft on the Stanley racecourse, left a note of protest about the ‘illegal’ British occupation of the Falkland Islands, handed an Argentine flag to a bemused bystander, and flew away again.

Saturday, September 6th 2014 - 07:11 UTC

Argentina opens hake quota reallocation period for the rest of the year

Reported hake catches so far this year in Argentina have been below levels of last year which was not a good season

Argentina's Federal Fisheries Council (CFP) has reassigned hake (Merluccius hubbsi) catches for the remainder of the year. According to Resolution 8/14, published in the Official Gazette, the vessel owners that considered themselves unable to capture the entire allocated hake quota, can partially return it to a reserve fund for future reallocation.

Saturday, September 6th 2014 - 07:04 UTC

Is the controversial 'squid war' with Argentina reignited?

“Despite initial concern..., catches of Illex have exceeded 270,000 tons, which is the highest since the fishery began in 1987” said Governor Colin Roberts

The Falkland Islands Fisheries Department has reported this year that squid fishing generated the largest annual capture since records began, representing a major boost to the Islands economy.

Saturday, September 6th 2014 - 06:36 UTC

Argentina and holdouts again disagree before Pollack; end of September another deadline

Pollack said that parties met again to continue exploring possibilities, but “the issues that divide the parties remain unresolved”

Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!