Argentina

Friday, July 18th 2014 - 13:28 UTC
Over 30% of Argentine children live in households below the poverty line

Four out of ten people in Argentina live in households where children suffer poverty conditions, according to the latest release from the Argentine Catholic University (UCA) Social Debt Barometer.
Thursday, July 17th 2014 - 07:20 UTC
CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.
Thursday, July 17th 2014 - 07:14 UTC
CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”
Thursday, July 17th 2014 - 06:49 UTC
Judge warns Argentine VP of impeachment if he does not turn up for questioning

Argentine Vice-president and acting president while Cristina Fernandez is off to Brazil, and who was summoned this week for a hearing in a criminal probe for alleged irregularities in the purchase of a vehicle, was granted another seven days, but if he does not turn up Federal Judge Claudio Bonadio will ask Congress for his impeachment.
Thursday, July 17th 2014 - 06:36 UTC
Argentine Congressional index inflation: 2.2% in June and 39.9% in six months

Inflation in Argentina during the month of June reached 2.2% accumulating 39.9% in the first half of the year, according to the average of private consultants, which is also identified as the Congressional index. The announcement comes a few hours after the official rate from the Indec stats office was released, 1.3% and 15%.
Thursday, July 17th 2014 - 06:15 UTC
Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.
Thursday, July 17th 2014 - 05:49 UTC
Holdout funds claim in ads campaign that Argentina is choosing default scenario

The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.
Thursday, July 17th 2014 - 05:39 UTC
“K” economist claims holdout hedge funds are after Argentina’s shale resources

The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.
Wednesday, July 16th 2014 - 08:00 UTC
June inflation in Argentina reached 1.3% and 15% in the first half of 2014

June inflation in Argentina reached 1.3%, accumulating 15% in the first six months of the year, according to a release from the country’s stats office Indec. The release also revealed the wholesale prices had increased 1.5% in June, while locally-made products saw rises of 1.5%.
Wednesday, July 16th 2014 - 07:42 UTC
Malvinas: Argentine senator proposes shared sovereignty with Latam for 30 years

An Argentine Senator has stated that the solution to the Falklands/Malvinas dispute is a period of shared sovereignty, with Latin American support and guarantees, before the Islands are finally handed over to Argentina.