Argentina filed two appeals before the New York Appeals Court over the dispute with the so called ‘vulture (hedge) funds’. The presentation was made a few moments before the Friday deadline and in the petition Argentina requests the revision of the 23 August ruling which orders Argentina to make effective the full payment of 1.4bn dollars (full face value of defaulted sovereign bonds plus interests) to the claimants.
Pemex, Mexico’s state oil and gas monopoly and the world’s fifth-largest crude producer, would consider an offer to partner with YPF in developing shale projects in Argentina, said a director of the corporation.
With faces covered, flags and sticks the Argentine fundamentalist group Quebracho staged a protest in front of Buenos Aires Colon Opera House where the opening ceremony of the International Olympic Committee took place on Friday evening and which includes among its members Princess Anne.
Spain could vote jointly with Argentina resolutions on Gibraltar and the Malvinas Islands in international forums, although with some reserves, admitted Spanish Foreign minister Jose Manuel Garcia Margallo during his visit to Uruguay.
Amid high social and political expectations over the Argentine Supreme Court’s ruling to determine whether the controversial Broadcast Media Law is constitutional or not, a top judge said the decision is not expected to come before October’s mid term legislative elections.
Uruguay’ President Jose Mujica said the decision authorizing a possible expansion, or not, of the UPM/Botnia pulp mill is closely linked to Argentina and the construction of a third plant along an inside Uruguayan river and not a shared one as is the case now.
President Cristina Fernández spoke out against the US refusal to discuss Argentina’s dispute with the so-called ‘vulture funds’, (and its inclusion in the final declaration) during the G-20 meeting in Moscow, Russia.
With a busy agenda prior to her G20 Summit address, Argentine President Cristina Fernández renewed her criticism of so called world powers’ protectionism and warned about a “crisis of the multilateral system” both in the economic and political arenas.
The bilateral conflict between Argentina and Uruguay over the UPM/Botnia pulp mill, on the Uruguayan side of the Uruguay River is once again leading to tension between the two neighbours amid reports that the plant’s Finnish owners plan to increase production from 1.1 to 1.3 million tons of cellulose paste per year.
After arriving in Russia for the two-day G20 summit, Argentine President Cristina Fernández stressed she will be addressing the “vulture funds issue” during the summit despite the US rejected to mention it in the final statement.