Argentina

Argentina
Saturday, June 6th 2015 - 08:00 UTC

Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Griesa said the “me-too” creditors held bonds that were substantially similar to those held by the hedge funds and thus should be treated the same way.

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.

Friday, June 5th 2015 - 06:33 UTC

Falklands: Cristina Fernandez met Snowden in Moscow to talk about UK spying on Argentina, reveals BAH

Cristina Fernández travelled to Russia on April 18, two weeks after it was revealed, thanks to Snowden, that Great Britain had been spying on Argentina.

President Cristina Fernandez met with former US National Security Agency (NSA) contractor Edward Snowden when she visited Moscow in April, according to the Buenos Aires Herald. Snowden became world famous when in 2013 when he revealed the extent of Washington’s global Internet and phone surveillance.

Thursday, June 4th 2015 - 09:06 UTC

“No one can teach us how to make the economy grow”, blasts Cristina Fernandez

“Don't forget whenever a private enterprise or company has problems, there's the state to ensure workers are not left in the street”.

In a speech broadcasted live on Argentine national television and radio, President Cristina Fernández used most of the time to praise her government’s achievements insisting no one “can give us lessons on how to make the economy grow” and highlighting the role of the State.

Thursday, June 4th 2015 - 08:45 UTC

IMF gives Argentina more time to remedy quality of official CPI and GDP data

Director Lagarde made the presentation that decided Argentina will be given one more year to fully implement the changes agreed with the Fund

The International Monetary Fund extended the period given to Argentina to remedy its local statistical measurement tools, while recognizing the country has made advancements in the matter. The IMF directive board met on Wednesday in Washington to assess Argentina's statistical indexes.

Thursday, June 4th 2015 - 08:30 UTC

Cristina Fernandez and her grouping lead comfortably ahead of elections

“More than 30% is very large,” said Equis director Artemio López, noting Cristina Fernandez' Victory Front (FpV) party’s positive image is now at 33%.

Argentine president Cristina Fernández will end her second term with an approval rating of 60%, according to the Equist political consultancy firm. On the other hand, PRO presidential candidate and Buenos Aires City Mayor Mauricio Macri enjoys a positive image among 30% of the country's population.

Tuesday, June 2nd 2015 - 06:26 UTC

Argentine police video on Nisman's death shows experts working without latex gloves

According to PPT presenter Jorge Lanata, the number of people present in the apartment was like “Tokyo at two in the afternoon.”

The lead investigator in the mysterious death of special prosecutor Alberto Nisman, who had accused Argentina's president of wrongdoing, came under sharp criticism on Monday with a video showing police experts working without latex gloves at the apartment where the body was found last January.

Tuesday, June 2nd 2015 - 05:32 UTC

Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa

“It is impossible to hold negotiations right now due to the plaintiffs' persistence in carrying out actions which harm the Republic” said the letter signed by Boccuzzi

The Argentine government has turned down a plea from mediator Daniel Pollack to return to the negotiating table with holdout investors, with the Economy Ministry considering that talks with the speculative funds, so-called 'vulture funds', would be inappropriate given the behavior of the litigants.

Monday, June 1st 2015 - 07:42 UTC

Argentina's soybean crop forecasted to be comfortably above 60m tons

 “So far the average yield stands at 3.300 kilos per hectare, we can thus estimate the current total harvest at 57.4 million tons”, said the Cereals chamber.

Surprising Argentina: with over 90% of the soybean crop harvested, (approximately 17.2 million hectares), the Buenos Aires Cereals Stock exchange has again risen the total 2014/15 crop estimate to over 60 million tons.

Monday, June 1st 2015 - 07:25 UTC

Argentine oil-crushing industry unions back to work after 26-day strike

Workers accepted a 27.8% salary increase as of April first and with 'attendance' clause could reach the original 36% demanded

Argentine oil crushing industry workers reached over the weekend a much disputed salary agreement, ending a 26 day strike, and hopefully resuming activities which have paralyzed the Rosario cereals and oilseeds stock market and forced a queue of over 140 vessels and barges along the Paraná river.

Monday, June 1st 2015 - 06:36 UTC

Falklands born Alejandro Betts entitled to vote in coming Argentine elections

Alejandro Betts was born in Stanley and at the end of the conflict in 1982 left for Argentina with his Argentine fiancé

For the first time a man born in the Falkland Islands, will be voting in the coming Argentine elections, according to reports in the Buenos Aires media. The man is Alejandro Betts, 58, who received his Argentine ID at a ceremony in the Argentine embassy before United Nations, and will thus be eligible to cast a ballot in the coming Tierra del Fuego provincial and municipal elections.

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