Thursday, November 5th 2015 - 06:35 UTC

Argentine women are the most fluent English speakers in Latin America

Although Argentina continued to top the regional English proficiency ranking that has existed for the past five years, it did not move up in the global rankings.

Argentines are the most fluent English-speakers in Latin America according to the EF English Proficiency Index 2015 report — a study that analyzes the State of Worldwide English Proficiency. Globally the country came in 15th place out of the 70 countries that participated in the study, which uses test data from 910,000 adults.

Thursday, November 5th 2015 - 05:51 UTC

Argentine farmers hold on to their crops waiting for electoral promises, but 'dry' central bank reserves

Cereal exports last week fell 68.5% in terms of a yearly comparison, reaching only US$192 million, far below the normal weekly average.

Argentina's election season has dramatically changed the agricultural landscape in the country, one of the world's breadbaskets. Exporters are now more confident than ever that profits will soar next year, creating a short term impact of plunging sales abroad and reduced cash-flow in the Argentine Central Bank’s coffers, although that could change in 2016.

Wednesday, November 4th 2015 - 07:55 UTC

Moody's bets are on Macri: upgrades Argentina's debt rating to 'stable' from 'negative'

The outlook change is based on shifts in the political climate, reducing the risk of investors suffering greater than expected losses with a new government

Following the first round of presidential elections in Argentina on Oct. 25, which the ruling party won by a lower-than-expected margin, credit rating agency Moody's Investors Service upgraded on Monday the country's debt rating to “stable” from “negative.”

Wednesday, November 4th 2015 - 07:41 UTC

Argentina defaulted bonds dispute pushed into the US Republicans' presidential campaign

Billionaire New York investor Paul Singer sent a letter to dozens of other donors declaring his support for Rubio in the presidential primary

One of the wealthiest and most influential Republican donors — who also happens to be in the midst of a legal battle with Argentina over defaulted-debt — is throwing his support behind the presidential campaign of US Republican Senator Marco Rubio of Florida, according to a New York Times report.

Wednesday, November 4th 2015 - 06:45 UTC

Falklands lawmaker meets Red Cross chief to discuss identification of Argentine soldiers remains

The Argentine cemetery in Darwin holds 123 graves marked “An Argentine soldier known only by God”

The President of the International Committee of the Red Cross (ICRC), Peter Maurer, met on Monday with representatives of the authorities of the United Kingdom and of the Falkland Islands to discuss a process seeking to identify the remains of a number of unidentified Argentine soldiers buried at Darwin cemetery in Falklands/Malvinas Islands.

Wednesday, November 4th 2015 - 06:24 UTC

Cristina Fernández reinstates benefits for exports shipped from Patagonia ports

Benefits include commodities (fruit, fish, oil and gas, metals) and manufactured goods through port in Rio Negro, Chubut, Santa Cruz and Tierra del Fuego

The outgoing government of president Cristina Fernandez reinstated benefits for all exports that are handled through Patagonian ports. Decree 2229/15 published in the Federal Gazette establishes the extent and percentage of benefits, for the next five years, as long as they are shipped from ports and customs to the south of the Colorado River.

Tuesday, November 3rd 2015 - 05:38 UTC

Macri accuses the Argentine government of a fear-mongering campaign

“Imagine yourself without a home. Imagine yourself hungry ... Imagine yourself if Macri wins,” says one ad, flashing images from the 2002 economic crisis

Argentine opposition candidate Mauricio Macri accused the ruling party of fear mongering after a weekend barrage of online attack ads warned he would throw people off welfare and reduce living standards by devaluing the currency. The same kind of spots were reiterated during the final match of the Argentine football league.

Monday, November 2nd 2015 - 09:51 UTC

Cracks in the incumbent strategy to win Argentina's presidential runoff

“The president decided that Scioli was to be the candidate, and you just have to look at the results”, said Randazzo

Following claims of 'friendly fire', cracks are clearly surfacing in the Argentine ruling coalition strategy to conquer lost ground in the 25 October presidential vote which has forced a runoff on 22 November. Daniel Scioli was expected to beat his runner up by almost ten votes, but this did not happen, in effect Mauricio Macri was defeated by a mere 2.5 percentage points and his PRO party won the governorship of the strategic Buenos Aires province, Argentina's main electoral district.

Saturday, October 31st 2015 - 07:14 UTC

Falklands' visit early next year for Shadow Foreign minister Stephen Doughty

“The Labor party has a very clear and unchanged position on the Falklands; any decision on their future has to be one made by Falkland Islanders”.

Cardiff South and Penarth MP Stephen Doughty has become the shadow minister responsible for Africa, South Asia and the Falkland Islands, reports Walesonline. The Labour MP takes on the role at a time when the UK is responding to the migrant crisis in North Africa and tensions have heightened between Britain and Argentina over the future of the Falklands, the Islands which he plans to visit early next year.

Saturday, October 31st 2015 - 07:04 UTC

Griesa accepts 'me too' claims and raises Argentina's bond debt to US$ 9bn

Griesa said the 530 bondholders behind the 49 complaints have the same claim to be paid the full value of their defaulted bonds as NML Capital and Aurelius

US judge Thomas Griesa on Friday accepted the priority repayment claims of hundreds more Argentine bondholders who did not join a huge debt restructuring. The ruling, on 49 complaints representing debt worth $6.1 billion, added fresh pressure on Buenos Aires which has refused to pay off two hedge fund creditors that already won court support for their claims.


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