Argentina

Saturday, May 31st 2014 - 06:25 UTC
Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.
Friday, May 30th 2014 - 05:28 UTC
Argentina can resume business with country export credit agencies, following Paris Club deal

Argentine president Cristina Fernandez praised on Thursday the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”
Friday, May 30th 2014 - 05:11 UTC
France praises Argentina's agreement with Paris Club and normalization efforts

French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
Thursday, May 29th 2014 - 06:35 UTC
Argentina and Russia ratify close links; Moscow reaffirms Malvinas claim support

Argentina was formally invited to take part in a BRICS summit to be held in Brazil next month. The Kremlin also ratified support to Buenos Aires in its long-standing dispute with the UK over the sovereignty of the Malvinas Islands.
Thursday, May 29th 2014 - 06:26 UTC
Argentina is the most protectionist country of the region” claims Astori

Uruguay's vice-president Danilo Astori said that Argentina is “the most protectionist country in the region” and again questioned the effectiveness of Mercosur arguing that Uruguay can't forget the region but can't be expected to remain idle.
Thursday, May 29th 2014 - 06:07 UTC
Buenos Aires City households need 1.300 dollars per month; 25% don't make that sum

A family living in Argentina's capital, Buenos Aires needs 10.454 Pesos to make it to the end of the month, according to the city's stats and census office. The average household refers to a couple with two children, that pays rent and does not include transport, private education or health care.
Thursday, May 29th 2014 - 05:37 UTC
Argentina announces an understanding with the Paris Club on defaulted debt

Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.
Thursday, May 29th 2014 - 00:35 UTC
Three Latam presidents among Forbes list of 25 most powerful women

Brazil, Argentina and Chile presidents figure among the list of the 25 most powerful women in the world according to the latest release from Forbes. Dilma Rousseff ranks in fourth place, Cristina Fernandez 19 and Michele Bachelet, 25. Only nine heads of state figure in the 100 names list.
Wednesday, May 28th 2014 - 22:12 UTC
Seven years and 650 million dollars later, Argentine icebreaker Irizar still under repairs

The Argentine government is putting pressure on contractors so that the Navy's flagship icebreaker Almirante Irizar, partially destroyed by fire in 2007, can begin sea trials later this year. However over-costs and mismanagement of the funds invested, estimated at over 650 million dollars, could have purchased a new vessel of three second hand according to critics in Congress.
Wednesday, May 28th 2014 - 08:40 UTC
Five killed as small plane goes down in the River Plate coast; four survived

A small plane crash landed on Tuesday into the Río de la Plata river with nine passengers on board. Four of them were successfully rescued and transferred to hospitals in Buenos Aires and Uruguay, and at least five people were reported dead.