The New Zealand Maori co-owned deep-sea fishing company Sealord is walking away from its disastrous hoki venture in Argentina with an estimated 60 million dollars loss, reports the NZ media.
The IMF decision to side with Argentina in its dispute with the US hedge funds has triggered strong criticism in the UK and the issue was brought up in Parliament, according to a piece in the Daily and Sunday Express under the heading: “The British cash cow: Fury as UK money helps Argentina fight £66bn debt”.
A contest for English language teachers in the city of Buenos Aires is part of 'English Week' that will run from 23 to 28 September. The “English Week contest” has been launched by the Buenos Aires City Foreign Language Operational Office (Dirección Operativa de Lenguas Extranjeras GCBA) and the English Teachers Association of Buenos Aires (APIBA, in Spanish) to enable teachers in the city to share the intercultural experiences of their students.
A group of Argentine sovereign defaulted bond-holders have blasted the IMF for its announced intention of filing an amicus brief in support of Argentina before the US courts stating that “there is no role for direct involvement by the IMF in this matter” and any intervention by the IMF “favouring Argentina's request would also clearly violate the Fund's strict commitment to neutrality”.
Argentina's economic activity jumped 7.8% in May from a year earlier, according to the country’s questioned stats office, Indec. President Cristina Fernandez had anticipated the news earlier in the week in a televised speech.
The Barack Obama administration won’t file a brief next week urging the U.S. Supreme Court to hear Argentina’s appeal in a clash with implications for tens of billions of dollars in defaulted debt, according to a Justice Department spokesman.
Despite the pope is Argentine and on Monday he will be making his first pastoral trip overseas to Brazil, Argentine government strict currency controls are making it difficult for prospective pilgrims to travel. An estimated 60.000 Argentines are expected to travel to Rio do Janeiro for the grand event.
The latest round of public opinion polls for the coming mid term elections next October in Argentina don’t fare well for President Cristina Fernandez particularly in the country’s four main electoral circumscriptions, Buenos Aires province, Buenos Aires City, Santa Fe and Cordoba.
Argentine Jewish leaders harshly criticized their government on Thursday the 19th anniversary of the country’s deadliest terror attack, for dealing with Iran in ways they fear will only guarantee more impunity for those responsible.
Paraguayan president elect Horacio Cartes confirmed that his government will insist in its position regarding Mercosur, which expects Paraguay to return as full active member following the inauguration ceremony 15 August.