Argentina

Argentina
Tuesday, March 17th 2015 - 07:39 UTC

Cristina Fernandez manages to split the farmers’ united front after years of confrontation

‘This is a program that is the government's decision, but it is also a policy agreed upon point by point with the other side, which is the FAA,” said Cristina Fernandez on national television

Argentine president Cristina Fernandez, on the campaign trail ahead of October’s national elections, announced on Monday the creation of a new fund which will reduce by up to 50% the 'retention' taxes on exportation rights paid by small and medium agriculture farmers.

Tuesday, March 17th 2015 - 07:23 UTC

Griesa rejects Citigroup petition to allow payment of bonds issued under Argentine law

Griesa had previously allowed Citigroup to process operations on three separate occasions before making a final decision on the issue. Next set of payments must be made by March 31.

New York district judge Thomas Griesa has declined a request from the Citigroup bank to allow the entity to process the payment of Argentine bonds under local law while an appeal against the magistrate's negative ruling is being prepared.

Monday, March 16th 2015 - 10:39 UTC

Israel newspaper questions Nisman’s accusations against Cristina Fernandez and Timerman

Nisman was “known among his colleagues for his close ties to Argentina’s intelligence services”, which “have been involved in every dirty operation you can imagine.”

Israeli newspaper Haaretz has published an article questioning the criminal accusation filed by late AMIA prosecutor Alberto Nisman against Argentine President Cristina Fernández and Foreign minister Hector Timerman, while asserting that the official's handling of the case was far from exemplary.

Sunday, March 15th 2015 - 02:33 UTC

Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

Vanoli said that the US dollar in Argentina is at an “adequate level” to combat volatility, bring down inflation and boost growth

Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.

Sunday, March 15th 2015 - 02:19 UTC

The non humble fellow Argentines according to Pope Francis

“We Argentines are rather non humble, but rather vain and arrogant” confessed the Pope

Pope Francis during one of the several interviews motivated by his two years in the Vatican, also referred to his fellow citizens in Argentina, which he described as non humble and on the contrary rather vain and arrogant.

Sunday, March 15th 2015 - 01:10 UTC

US ambassador in Argentina received by cabinet chief Anibal Fernandez

Fernandez and Mamet shake hands during the ‘protocol’ meeting at Government House, Casa Rosada

Argentina’s Cabinet Chief Anibal Fernández received United States ambassador to Argentina Noah Mamet in his Casa Rosada office. Apparently the meeting was strictly protocol, and no details of the agenda were supplies to the media.

Sunday, March 15th 2015 - 01:02 UTC

Argentina declassifies all files connected to the 1994 AMIA attack

The decision follows a request by the new prosecutors leading the AMIA probe. It was published on Friday under the 395/2015 decree in the Argentine official gazette

The administration of President Cristina Fernandez has ordered the declassification of all files connected with the attack against the AMIA Jewish community center that took place in 1994 in Buenos Aires City. Some of the documents were already in the hands of the special prosecutor in charge of investigating the bombing, now late Alberto Nisman.

Sunday, March 15th 2015 - 00:54 UTC

Argentina blasts Judge Griesa ruling blocking Citigroup from paying bonds issued under local law

“Griesa has become once again an accomplice of vulture funds’ extortion intents. He pretends that Citibank Argentina and its Argentine directors act against Argentine law”

A release from the Argentine Economy Ministry considered US Judge Thomas Griesa's ruling issued on Thursday “a shameful excess of jurisdiction”. Judge Griesa blocked Citigroup Inc from processing interest payments by Argentina on some bonds issued under the country's law.

Saturday, March 14th 2015 - 10:30 UTC

Cruise season in Ushuaia with 71.000 visitors and 251 calls

This week Celebrity Infinity with 2.449 passengers and a thousand crew members called at Ushuaia en route to Valparaiso

Ushuaia in Tierra del Fuego and considered the most southern city of the world, received over 70.000 cruise visitors and 251 vessel calls during this cruise season, which took off last September and was computed until the end of February, which also proved to be the most active month of austral summer.

Friday, March 13th 2015 - 11:18 UTC

Griesa blocks Citigroup from paying interest on Argentine bonds; group will appeal

Griesa's decision is the latest setback for Argentina in a long-running battle stemming from the country's roughly 100 billion sovereign debt default in 2001

A United States federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called dollar-denominated exchange bonds would violate a requirement that Argentina treat bondholders equally.

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