Argentina

Argentina
Monday, April 18th 2016 - 08:06 UTC

Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

“It’s good to have important countries such as Argentina making things right, as it will lead to a larger growth and stability in the region,” Agustín Carstens said

Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.

Saturday, April 16th 2016 - 09:00 UTC

Malbec Day celebrations this weekend in London's Camden Market

WOFA Mobile Wine Bar will be located at Camden Market; the idea is to bring Buenos Aires San Telmo and the bustling streets of Palermo Soho, to London.

This year in addition to retail promotions, Wines of Argentina and the Argentine Embassy in London are celebrating Malbec Day (April 16) with a weekend of promotion and sales “estilo argentino” (Argentine tradition) in Camden Market, one of the coolest and trendiest destinations in London.

Friday, April 15th 2016 - 07:12 UTC

Argentine government favors farmers in dispute with Monsanto

Monsanto which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.

Argentina, the world's No. 3 soy exporter, said on Thursday the government must authorize any grain inspection, dealing a blow to Monsanto Co. which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.

Thursday, April 14th 2016 - 09:23 UTC

Chilean company fined by Argentina after admitting operating with Falklands' license

Apparently Juan Benegas mistakenly received an email which stated that Union Sur had obtained a Falklands' fishing license, and reported the matter.

Argentina's Ministry of Agro-Industry has slapped the maximum fine to a Chilean fishing company, firm Empresas de Desarrollo Pesquero de Chile SA (Emdepes SA), a Chilean subsidiary of the Japanese group Nissui for illegal fishing activities in 2014 in Argentina's EEZ, close to the Falkland Islands.

Thursday, April 14th 2016 - 05:48 UTC

US court opens the way for Argentina's return to world money markets

 Three judges on the court of appeals upheld a ruling by Judge Griesa to lift an injunction that had barred Argentina from paying its creditors

The United States Court of Appeals paved the way on Wednesday for Argentina to raise billions of dollars to pay a group of hedge funds, bringing it one step closer to re-entering international markets for the first time in 15 years. In a ruling from the bench, three judges on the court of appeals upheld a ruling by Judge Thomas Griesa of District Court in Manhattan to lift an injunction that had barred Argentina from paying its creditors and eventually led the country to default in 2014.

Thursday, April 14th 2016 - 02:50 UTC

Cristina Fernandez back on stage; attacks Macri and his policies and the Judiciary

”They can put me in prison, but they can’t silence me,” said Cristina Fernández on Wednesday to a jubilant crowd that had waited most of the morning in the rain

Argentine ex president Cristina Fernández addressed thousands of militants that rallied outside Buenos Aires City main courthouse building where earlier in the day she testifies on the dollar future probe conducted by a Federal Judge.

Wednesday, April 13th 2016 - 06:07 UTC

Cristina Fernandez to testify on dollar/futures; supporters camping outside the courthouse in Buenos Aires

Cristina Fernandez has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank.

Hundreds of supporters are expected to cheer former Argentine President Cristina Fernandez during a court appearance on Wednesday after returning to Buenos Aires for the first time since November's election.Fernandez who governed Argentina for eight years, has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank. Her allies say no crime was involved and that she's being politically persecuted.

Tuesday, April 12th 2016 - 21:56 UTC

Career diplomat Kralikas named head of Malvinas Islands Under Secretary

  Ms Kralikas is a lawyer and career diplomat which has held several overseas posts

Career diplomat Maria Teresa Kralikas has been nominated head of the Malvinas Islands Under Secretary in the Argentine Foreign Ministry. Ms Kralikas is a lawyer and until now was one of the ministry's Under Secretariats.

Tuesday, April 12th 2016 - 08:30 UTC

Hero's welcome for Cristina Fernandez in Buenos Aires, where she faces first court investigation

 Flanked by police and illuminated by camera flashes, CFK smiled and waved at thousands of sympathizers who encouraged her with banners and chants

Supporters of former President Cristina Fernandez gave her a hero's welcome Monday night at a Buenos Aires metropolitan airport before she faces a court over her possible role in an alleged scheme to manipulate Argentina's currency.

Monday, April 11th 2016 - 06:46 UTC

Cristina Fernandez to be questioned in money laundering investigation; militants organizing support march

Reacting to the request by Marijuán to include Cristina Fernández de Kirchner in the investigation members from the Victory Front (FpV) rallied around the ex president and accused the courts of persec

A Prosecutor decided on Saturday that former President Cristina Fernández de Kirchner must be included in a money laundering investigation following the testimony given by whistleblower Leonardo Fariña before Judge Sebastian Casanello on Friday.

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