Argentina

Argentina
Wednesday, November 19th 2014 - 07:19 UTC

Short of dollars, Argentina appeals to China's Yuan to boost reserves

The Argentine Central bank transferred the equivalent of 508 million dollars in pesos to China’s Central Bank in order to receive the same amount in Yuan.

The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.

Wednesday, November 19th 2014 - 04:32 UTC

Cristina Fernandez held a 'short list' cabinet meeting on Tuesday

Kicillof revealed that in Australia Obama asked about the president's health condition, as did most world leaders

Despite the ten days of convalescence ordered by her doctors, Argentine President Cristina Fernández continued with an official schedule in Olivos and met on Tuesday with key members of her cabinet.

Tuesday, November 18th 2014 - 08:13 UTC

Argentina celebrates G20 summit support on sovereign debt restructuring

Kicillof said that the Argentine delegation was “extremely pleased that the issue was included in the final document,” for the first time in the history of the G-20.

The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 18th 2014 - 07:39 UTC

Cristina Fernandez returns to office and rallies this week after completing rest period

The president was hospitalized two weeks ago and last Sunday was released, but her doctors prescribed ten days rest at the official residence

This week the government will be announcing the date President Cristina Fernandez will resume her official duties, Cabinet Chief Jorge Capitanich said. The head of state had to be hospitalized for a week due to a sigmoiditis condition (an inflammation caused by an infection of the colon), currently remaining at the Olivos presidential residency.

Tuesday, November 18th 2014 - 07:18 UTC

Ushuaia gateway to Antarctica: of 295 cruise calls this season 60% will travel south

Half of tourists visiting Tierra del Fuego, 50% arrive in cruise vessels

Ushuaia, the world's southern most city and gateway to Antarctica cruises expects this 2014/2015 season an estimated forty vessels and 295 calls, according to Tierra del Fuego province port authorities. As usual the first vessel to arrive was Chilean flagged Stella Australis with 210 passengers, at the end of September, which is also expected to close the season in April next year.

Tuesday, November 18th 2014 - 07:00 UTC

Argentina imposes even tougher controls on foreign trade and currencies

Capitanich, under whose authority the new unit will operate, said that it seeks to “prevent tax evasion maneuvers”

The Argentine government has strengthened its control over the expenditure and income of currency in foreign trade through the creation of the Tracking and Tracing of Foreign Trade Transactions Unit, responsible for monitoring “prices and quantities of exported and imported goods and services, as well as foreign currency income/expenditures.”

Monday, November 17th 2014 - 06:06 UTC

UK will not support World Bank loans to Argentina; British public opinion against such aid

PM Cameron is being urged by MPs to prevent any more money being sent to Argentina before a final decision on the latest loan is made next month

The United Kingdom contributions mostly through World Bank loans and aid to Argentina have again been questioned in Britain with demands on Prime Minister David Cameron to block British taxpayers cash going to the country which has 'precarious finances' and a long standing demand over the Falkland Islands sovereignty.

Monday, November 17th 2014 - 06:01 UTC

Thousands march in Buenos Aires marathon in support for Falklands' dialogue

“#YoCorroPorMalvinas was a success! More than 10 thousand people came out today to say Yes to a dialogue for the Malvinas” said the Argentine government

Thousands of people participated Sunday in a race organized by Argentina's government to press for a dialogue with Britain over the Falkland Islands, officials said.“#YoCorroPorMalvinas was a success! More than 10 thousand people came out today to say Yes to a dialogue for the Malvinas,” Malvinas Islands Affairs Secretary Daniel Filmus said in a Twitter post.

Saturday, November 15th 2014 - 07:59 UTC

Argentine inflation: make your pick, in October anywhere from 1.2% to 2.3%

Indec as usual had the lowest rate while the private estimates hovered between 1.9% and 2.3%

A reliable universally accepted rate of inflation in Argentina seems hard to come by although there are a battery of estimates, each of them arguing they are supported by statistically proven methods and thus the certainty of the indexes released.

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