Argentina

Argentina
Tuesday, July 15th 2014 - 07:07 UTC

Holdouts call on Argentina to settle debt payments and recall 30 July deadline

 Judge Griesa should be back this week from summer holiday in Montana

Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.

Monday, July 14th 2014 - 06:17 UTC

GM to manufacture aluminium engines in Argentina for local and export markets

Cabinet Chief Capitanich and Minister Giorgi with GM president Dan Ammann

General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.

Monday, July 14th 2014 - 05:49 UTC

Russia interested in Argentina's shale deposits, says Cristina Fernandez

“A Russian delegation will travel to Vaca Muerta to visit one of the largest shale gas areas of the world” announced Cristina Fernández

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.

Monday, July 14th 2014 - 05:39 UTC

Falklands: Putin calls on UK to sit and talk with Argentina to resolve the dispute

The Russian president on a Latin American tour spent one day in Argentina where several agreements were signed

Russia's president Vladimir Putin has got involved in the Falkland Islands row, urging Britain it must sit down with Argentina for fresh talks to resolve the dispute, as indicated by the United Nations.

Monday, July 14th 2014 - 05:24 UTC

Russia offers to build (and finance) two new nuclear power plants in Argentina

“Rosatom is actively working here and has already handed over its technical and commercial offer to our (Argentine) colleagues,” said minister Novak

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.

Monday, July 14th 2014 - 05:07 UTC

Brazilians join Germans in celebrating the World Cup and Argentina's defeat

Brazilians painted the German flags on their cheeks or even wore the European team's jersey.

Brazilians bitter about their team's disastrous World Cup celebrated Argentina's defeat to Germany in the final Sunday by dancing and launching fireworks, relieved that their arch-rivals failed to triumph on their soil.

Monday, July 14th 2014 - 04:58 UTC

“Show the world you are better than Messi”, Löw told Götze

The German team celebrating the score

“Show the world you are better than Messi and you can decide the World Cup”, German coach Joachim Löw told Mario Götze before sending him to the field, and effectively scoring the only goal of the match that gave Germany its fourth Cup.

Saturday, July 12th 2014 - 11:21 UTC

Holdouts claim the Argentine government refuses to negotiate with hedge funds

“Simply put, we have not seen any indication that Argentina is serious about even beginning a negotiation,” Newman said.

The holdout hedge fund Elliott Management Corp representative emerged on Friday from five hours of meetings in New York with a court-appointed mediator, claiming the Argentine government still refuses to have negotiation years after its historic default.

Saturday, July 12th 2014 - 11:00 UTC

Pollack's hope is that dialogue between holdouts and Argentina will continue

In official communiqué, the Argentine Economy Ministry described the meeting as “eminently technical”.

Argentine officials and holdout investors met separately with the New York court-appointed mediator or 'Special Master' for five hours on Friday, presenting their cases in hopes of resolving a litigation on defaulted bonds that has dragged on for years.

Saturday, July 12th 2014 - 10:24 UTC

Cristina Fernandez will miss the Maracana final; ten leaders are expected to attend

Dilma together with Putin and Zuma will be handing the World Cup to the winner. Putin since Russia hosts the next Cup in 2018 and Zuma because in 2010 it was played South Africa

Argentine president Cristina Fernandez will not be attending the Brazil World Cup final in Maracana stadium on Sunday when Argentina clashes with Germany, but will be present for the BRICS-Unasur-Mercosur summit scheduled for next week.

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