Argentina

Argentina
Tuesday, April 7th 2015 - 07:51 UTC

World soy production forecasted to fall next season; Argentina could be the exception

Oil World's forecast for a drop in world production next season, the first decline since 2011-12, reflect largely an expectation of a 104.0m-tons US crop, down 4m tons

World soybean production will fall next season for the first time in four years, undermined by a drop in US output, although the fall may not prove sufficient to support prices, Oil World said. However in South America, Argentina and Paraguay could be heading for new record crops.

Tuesday, April 7th 2015 - 07:46 UTC

Argentina appeals to Judge Griesa bar on Citibank to process bonds under local law

Griesa said Argentina can’t pay holders of the performing debt without also paying Paul Singer’s NML Capital that’s owed 1.7bn dollars on defaulted bonds.

Argentina has formally appealed to the New York justice system the ruling handed down by district judge Thomas Griesa, which barred intermediary Citibank from processing US dollar denominated debt services issued under Argentine law and which expired on March 31.

Tuesday, April 7th 2015 - 06:25 UTC

Falklands/Malvinas war documents declassified; Argentine Defense ministry has 30 days to make them available

A decree with the signatures of the president, Cabinet Chief Anibal Fernández and Defense Minister Agustin Rossi, was published on Monday in the Official Gazette.

The Argentine government on Monday officially declassified secret files relating to the country's 1982 war with Britain over the Falkland Islands. The Defense Ministry has 30 working days to establish a mechanism for members of the public to consult the records, according to a resolution published in the official gazette.

Tuesday, April 7th 2015 - 05:55 UTC

Argentine regulators inspect Citibank, following dispute over accord with hedge funds

Regulators are working to verify whether Citibank was able to maintain normal operations following CEO Gabriel Ribisich's suspension last week

Argentina’s central bank sent regulators to inspect Citibank's headquarters in Buenos Aires on Monday after the head of the branch was suspended amid a legal battle over Argentina's debt. Regulators are working to verify whether the bank was able to maintain normal operations following CEO Gabriel Ribisich's suspension last week, the government news agency Telam said.

Monday, April 6th 2015 - 06:02 UTC

UK ratifies support for Falklands' oil and gas industry development

“We are satisfied that Falklands have the right to develop their hydrocarbons sector as a legitimate commercial venture with international oil and gas companies”

The British government has dismissed a reported threat from Argentina to prosecute oil firms drilling near the 
Falkland Islands. Argentine authorities said that the explorations “carry a huge environmental risk” and claimed that the London-registered companies, which announced last week they had found oil and gas in a remote field off the Islands, should be tried in Argentina

Friday, April 3rd 2015 - 06:32 UTC

“Argentina poses no military threat to Malvinas. We need dialogue”, says Ambassador Castro

“It is striking that the British government that negotiated with the military dictatorships, is today refusing to talk to a democratic and popular government”.

On the occasion of the 2nd April, when Argentina commemorate the veterans and those fallen in the Malvinas conflict, and following the UK government’s recent announcement to increase military spending in the South Atlantic, the Embassy of Argentina wishes to reiterate the following statements from Ambassador Alicia Castro.

Friday, April 3rd 2015 - 06:03 UTC

Argentina poses no military threat to the Malvinas Islands. So why is the UK ratcheting up tension?

John Prescott, former deputy PM of Tony Blair, condemned British double standards in foreign policy: the Chagos people, wrote Ms Castro for The Independent

The following column by Alicia Castro (*) was published 02 April by the Independent - On 24 March, the day that a debate was held in Parliament over the increase in defense expenditure for the Malvinas Islands, Argentina was commemorating the anniversary of the 1976 military coup.

Friday, April 3rd 2015 - 03:28 UTC

Argentina ‘malvinazing’ history through ‘mature nationalism’ says president on Malvinas war 33rd anniversary

“A mature nationality that seeks international right, dialogue and not the militarization in the path to sovereignty” of Malvinas said Cristina Fernandez

Argentina is ‘malvinazing’ (Malvinas) its history, but not through chauvinist patriotism but mature nationalism that seeks international law and peace to recover sovereignty over the Malvinas Islands, said president Cristina Fernandez during the 33rd anniversary of the beginning of the South Atlantic conflict on 2 April 1982.

Thursday, April 2nd 2015 - 08:08 UTC

Can Argentina capitalize on its vast shale reserves?

Experts have kept an eye since the US Energy Information Administration identified Argentina as holding the world's second largest shale gas and fourth largest shale oil reserves.

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the nation has never been far from energy investors' minds. The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere.

Wednesday, April 1st 2015 - 07:45 UTC

Cristina Fernandez lashes out at unions for the 24-hour strike that brought Argentina to a halt

“A hardened heart is worse than an oligarch's heart” said Cristina Fernández,  calling for solidarity from high-earning workers for those on lower incomes.

President Cristina Fernandez fiercely criticized the trade union leaders behind Tuesday's 24-hour general strike, which brought Argentina to a halt, arguing that adhesion to the measure would have been far lower if public transport had functioned as normal.

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