Argentina

Argentina
Wednesday, October 1st 2014 - 07:10 UTC

In Buenos Aires City, 275.000 people live in shantytowns, says human rights report

The report estimates that of the three million residents living in the city, 500,000 of them have not resolved their housing situation.

The population in Buenos Aires’ City shantytowns increased to 275,000 from 163,000 people during the last four years while City Hall’s budget for social housing fell to 2.1% this year, the City’s Human Rights Observatory (ODH) reported.

Wednesday, October 1st 2014 - 07:05 UTC

China's reiterates support for Argentina in sovereign debt and Malvinas issues

Ambassador Yang Wanming said following president Xi Jinping recent visit to Argentina, the two countries now have an 'integral strategic' association

Beijing's new ambassador before the Argentine government underlined the excellent relations between the two countries and reiterated China's support to Argentina in the issue of sovereign debt and claims over the Falklands/Malvinas Islands.

Tuesday, September 30th 2014 - 22:50 UTC

Argentina/China trade forecasted to boom in Yuan-denominated operations

Argentine companies have been able to import products paying directly in Yuan for several months, said Argentine/China chamber CEO Fernandez Taboada

Trade between Argentina and China could see a rise in Yuan-denominated operations after the bilateral currency swap deal that was sealed earlier this year, according to key leaders of the Sino-Argentine business community in Buenos Aires.

Tuesday, September 30th 2014 - 07:00 UTC

Cristina Fernandez claims US is responsible for Judge Griesa's decision

The Argentine president said Griesa's decision is in violation of international law and the UN and OAS charts (Pic Telam)

President Cristina Fernandez said US Judge Thomas Griesa decision to declare Argentina 'in contempt of court' in the dispute with speculative funds, was in violation of international law, the UN chart and the OAS (Organization of American States) chart.

Tuesday, September 30th 2014 - 05:11 UTC

Argentine reserves below 28bn dollars; bonds payments of 170m on Tuesday

The central bank international reserves now stand at 27.944bn dollars, down 99m from Friday

The informal of “blue” dollar in Argentina fell back 15 cents to 15.55 Pesos after it skyrocketed 75 cents last week and scraping 16 Pesos. The formal US dollar meantime advanced three cents to 8.49 Pesos at the end of trading in Buenos Aires City banks and foreign exchange offices. The gap between the two rates dropped to 83.9%.

Tuesday, September 30th 2014 - 01:15 UTC

Brazil suspends Vietnam pangasius import licenses because of sanitary reasons

Catfish farmed in Vietnam has often raised questions about conditions under which it is produced but has displaced other produce because of its lower price

The temporary ban imposed by the Brazilian government on Vietnamese pangasius (Pangasius spp.) imports because of sanitary reasons and lack of phyto-sanitary controls, represents a great opportunity to increase Argentine hake (Merluccius hubbsi) shipments to the leading Mercosur partner.

Monday, September 29th 2014 - 22:26 UTC

Ambassador Castro thanks British unions for support in 'vulture funds' and Malvinas disputes

Ambassador Castro addressing the UK Communication Workers Union’s (CWU) Annual Women’s Congress, held last Saturday in Leeds.

In a speech delivered to over three hundred trade union delegates, Argentine ambassador in London Alicia Castro thanked the British unions for their support in fighting the 'vulture funds' and in backing the call for dialogue on the question of the Falklands/Malvinas, while praising progress made by Argentina regarding the role of women.

Monday, September 29th 2014 - 21:16 UTC

Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

Griesa ruled Argentina had not followed court's orders following the passing of a law which seeks to remove BONY Mellon as financial intermediary to pay bondholders

New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.

Monday, September 29th 2014 - 09:09 UTC

Record soybean and wheat crops forecasted by the International Grains Council

Wheat on pace for a record worldwide crop as yields out of Europe, China and the Commonwealth of Independent States

The 2014-2015 season’s soybean and wheat crops are on track to set records, while rice and corn look poised to be more in line with last season’s record crops, according to the International Grains Council's September Grain Market Report.

Monday, September 29th 2014 - 08:39 UTC

Argentine stats on economic growth again come under suspicion

Official Indec figures released last week showed GDP growing 0.9% in the second quarter, up from a contraction of 0.5% in the quarter before

Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.

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