Argentina

Argentina
Wednesday, March 25th 2015 - 06:27 UTC

Falklands: no surge in troop numbers but upgraded infrastructure and £180 million in ten years

“Our forces in the South Atlantic are... at the level required for defense of the Falkland Islands against any potential threat”, said Defense Secretary Fallon

United Kingdom Defense Secretary Michael Fallon has dispelled media reports suggesting a surge in troop numbers was likely. Fallon on Tuesday outlined £180 million infrastructure spending plans, but told MPs numbers would remain at around 1,200 military and civilian personnel.

Tuesday, March 24th 2015 - 05:16 UTC

Holdouts of Argentine-law bonds 'reach agreement' with Griesa and Citibank

Paul Singer's NML fund claims that Citibank will not file an appeal over Judge Griesa’s more central ruling.

Paul Singer-controlled NML Capital said that the hedge fund, as well as other holders of Argentine debt, made a deal with Citibank regarding the legal dispute at New York courts over Argentine-law bonds.

Tuesday, March 24th 2015 - 04:55 UTC

Falklands' defense review full statement from Secretary Fallon expected soon

UK MoD spokesperson was quoted saying that: “there is a defense review and an announcement will be made about it. There will be a full statement by Michael Fallon”.

A statement from UK Defense secretary Michael Fallon relative to the Falkland Islands' garrison is expected sometime this week, according to reports in the British media. The Falklands' military response capacity has been a matter of much ongoing debate among analysts and former officers, as Argentina allegedly is involved in increased military expenditure.

Tuesday, March 24th 2015 - 04:36 UTC

Argentines fly the flag in South Georgia, 33 years ago

ARA Bahía Buen Suceso landed in South Georgia a party of workers on contract to dismantle remains of the whaling station, and on arriving raised the Argentine flag.

Ushuaia daily Diario Fin del Mundo recalls that 33 years ago on 19 March 1982, the Argentine navy transport vessel ARA Bahía Buen Suceso landed in South Georgia a party of workers on contract to dismantle remains of the whaling station, and on arriving raised the Argentine flag. An incident which was to lead to the full-fledged conflict the following month.

Monday, March 23rd 2015 - 17:24 UTC

Release in twitter of Nisman's dead body photo further complicates the case

“As Cabinet Chief I have filed a report against Adrian Bastianes over the photos of Nisman,” Fernandez said to Rock Radio

Argentina's Cabinet Chief Anibal Fernández said on Sunday that he has filed an official complaint against attorney Adrian Bastianes, who posted on Twitter a photo of the dead body of AMIA special prosecutor Alberto Nisman, to the Federal Police.

Monday, March 23rd 2015 - 17:20 UTC

Griesa yields: allows Citibank to process interest payments of Argentine law bonds

“Griesa issued said he won’t prevent Citibank from fulfilling its obligations to process interest payments of Argentine law bonds,” Citibank Argentina reported

United States Judge Thomas Griesa finally authorized Citibank Argentina to process interest payments of bonds issued under Argentine law, with a payment deadline on March 31 and on June 30, and to exit its custody business in Argentina.

Saturday, March 21st 2015 - 06:56 UTC

Argentina's current account deficit widened to 5.07bn in 2014

The Economy Ministry said Argentina posted a 6.42bn surplus on trade and services, but that the total outflow of income was 11.40bn. The sum in 2013 was 4.7bn.

Argentina’s current account deficit widened 7.9% to 5.07 billion dollars in 2014 as Latin America’s third-biggest economy eked out meager 0.5% growth, official data showed. Exports fell 11.9% from 2013 to 71.94bn, hurt by low international prices for Argentine soy, wheat and corn as well as weakened demand in key trading partner Brazil, where economic growth is also stagnant.

Saturday, March 21st 2015 - 06:20 UTC

Argentine police discover 15 kilos of pure cocaine in the 'Splendour of the Seas'

Two crew members were detained as they tried to board Splendour of the Seas with packets of cocaine taped to their bodies, Argentina’s AFIP tax agency said

Argentine customs officials seized cocaine worth more than one million dollars million from two crew members on a luxury cruise ship docked in Buenos Aires, authorities said. The suspects, both men, were identified only as a Croatian national and a Chilean traveling on an Australian passport.

Saturday, March 21st 2015 - 05:55 UTC

Cristina Fernandez warns Citibank must comply with Argentine law

Banks operating in Argentina “must obey Argentine laws, just like in every country. We're no different,” the president said.

President Cristina Fernandez warned on Friday that banks operating in Argentina must obey its laws, amid a row over Citibank's refusal to defy a US court order blocking Buenos Aires from repaying its restructured debt. At the end of the month, 31 March, Citibank as custodial has to pay Argentine restructured bonds.

Friday, March 20th 2015 - 08:18 UTC

Israel honors Nisman on bombing anniversary; crowd calls Argentine officials 'scoundrels'

Israel's Agriculture and Rural development minister Yair Shamir praised Nisman saying he ended “paying with his life the attempt to discover the truth”.

Israel honored the figure of Argentine former special prosecutor Alberto Nisman during the Thursday ceremony in Buenos Aires to mark the 23rd anniversary of the 1992 attack on the Israel Embassy that claimed the life of 22 people and injured dozens.

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