Argentina

Argentina
Tuesday, October 7th 2014 - 06:04 UTC

IMF urges changes in sovereign bonds' contracts, following Argentina's case

The IMF report said that the standard “pari passu” or “equal treatment” clause in Argentine bond contracts permitted holdouts to make their claim for 100%.

The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.

Tuesday, October 7th 2014 - 05:46 UTC

“Blue” dollar in Argentina further plummets as market waits for new rules

With the latest changes in the Central bank, Economy minister Axel Kicillof has become the most powerful official of the Cristina Fernandez administration

The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

Tuesday, October 7th 2014 - 00:53 UTC

Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

“The interest of my client is to negotiate a solution to the dispute with Argentina”, said Cohen in New York

Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.

Tuesday, October 7th 2014 - 00:43 UTC

Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

“The Republic of Argentina will need to reverse entirely the steps which it has taken constituting the contempt of court”, underlined Griesa

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

Monday, October 6th 2014 - 07:33 UTC

Italian holdouts, following on Paul Singer, present demand against Argentina

More than 200 Italian holdout bondholders and one another that lives in the Bahamas are represented by the well-known law firm Duane Morries

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

Monday, October 6th 2014 - 06:34 UTC

BBC2 To Gear claims “they threw us out of Argentina for the political capital”

Jeremy Clarkson said his crew did nothing wrong and affirmed “someone could have been killed” as a consequence of the incidents

BBC2’s Top Gear presenter Jeremy Clarkson has said his crew did nothing wrong and affirmed “someone could have been killed”, following incidents in which a group of people in Tierra del Fuego threw stones at their cars, thinking the license plates they used for filming were directly alluding to the Falklands/Malvinas War.

Monday, October 6th 2014 - 06:21 UTC

Conference on Hudson, “An Argentine writer that wrote in English”

Horacio Gonzalez is head of the Argentine National Library with a degree in Sociology and a Doctorate in Social Sciences

Argentine ambassador to the UK Alicia Castro and Argentina's National Library head Horacio Gonzalez took part in a conference held at the British Library last Friday in London to promote “cultural cooperation and dialogue” between the two countries.

Saturday, October 4th 2014 - 05:39 UTC

Mobbing by Argentine officials forces BBC Top Gear team to flee to Chile

The stoned vehicles of the BBC Top Gear team which was forced to flee to Chile after being attacked and stoned

Hooliganism and mobbing by government officials seem to be the norm in Argentina following on the experience of two incidents, one involving a BBC crew forced out of the country for their alleged 'disrespectful attitude' towards the Falklands/Malvinas conflict memory, and a second calling on hecklers to impede a conference in Buenos Aires of a former minister.

Friday, October 3rd 2014 - 23:34 UTC

Squid, hake and shrimp make up most of Argentine fisheries exports

In the first eight months of the year squid (Illex argentinus) exports totaled 80,671 tons

Argentina exported 277.348 tons of seafood between January and August 2014, which represents a minimum rise of 0.01% compared to the 277.314 tons of the same period in 2013.

Friday, October 3rd 2014 - 07:36 UTC

Brazil private sector wants to help Argentina in the dispute with 'holdouts'

The news was published by Ambito Financiero and involves comments from Brazilian presidential advisor Marco Aurelio Garcia

According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.

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