Argentina

• Friday, June 20th 2014 - 06:42 UTC

  Argentina's Supreme Court loss may serve as a wake-up call

  

  The following piece by Charles Lane published in the The Washington Post offers an interesting debate about future bailouts and sovereign debt restructuring, following on Argentina's case.

• Thursday, June 19th 2014 - 18:33 UTC

  Argentina says June 30 bond service in New York was made 'impossible' by lifting 'stay' order

  

  Payment of bond service due on June 30 in New York has been made “impossible” by Wednesday's lifting of a stay by a U.S. federal court, Argentina's economy ministry said on Wednesday, in a move that appeared to push the country closer to default.

• Thursday, June 19th 2014 - 06:12 UTC

  Massive demonstration in support of prosecutor suspended for investigating Kirchner family dealings

  

  An Argentine prosecutor who was suspended for 'ill performance' in his investigation into the dealings of one of President Cristina Fernandez close business associates, received a massive support Wednesday evening from demonstrators who marched in downtown Buenos Aires to the Attorney General's Office.

• Thursday, June 19th 2014 - 02:43 UTC

  Argentine Navy receives refurbished TR1700 class submarine ARA San Juan

  

  The Argentine Navy took re-delivery of TR-1700 class submarine ARA San Juan last month after the boat underwent a mid-life update (MLU) program at the Argentine Naval Industrial Complex CINAR.

• Thursday, June 19th 2014 - 02:26 UTC

  Griesa does not trust Cristina Fernandez and condemns the word “extortionist”

  

  US Judge Tomas Griesa said on Wednesday that the televised speech delivered by President Cristina Fernández on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts was “a problem” for negotiations and implied he did not trust the Argentine leader.

• Thursday, June 19th 2014 - 01:43 UTC

  Ambassador Castro on an official visit to Ulster; McGuinness said he supports “Argentina” in the Cup

  

  The Argentine Ambassador to the United Kingdom, Alicia Castro made an official visit to Northern Ireland where she was received by Deputy First Minister Martin McGuinness. They agreed on stressing the importance of dialogue and called for ties between both parties to be strengthened.

• Wednesday, June 18th 2014 - 08:09 UTC

  S&P and Argentina in six months: “default or distressed debt exchange”

  

  Standard & Poor's cut its rating of Argentina's long-term foreign currency debt rating to CCC- from CCC+ with a “negative” outlook. A CCC rating is defined as “currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments,” according to S&P.

• Wednesday, June 18th 2014 - 07:59 UTC

  Argentine industrial and financial community call for 'dialogue' with holdouts

  

  Argentina's industrial union and bank associations expressed their deep concern regarding Monday's US Supreme Court refusal to take the long standing case with the holdout hedge funds, and all called for a solution appealing to dialogue.

• Wednesday, June 18th 2014 - 07:52 UTC

  “Judge Griesa's message is reasonable and conciliatory” argues Lavagna

  

  Argentina's former Economy Minister and architect of the 2005 rescheduling of defaulted debt, Roberto Lavagna called for “calm” and “seriousness” to rethink the country's legal strategy following the setback suffered on Monday when the US Supreme Court decided not to hear its appeal against holdout hedge funds.

• Wednesday, June 18th 2014 - 07:45 UTC

  IMF concerned about 'wider systemic implications' of the US Supreme Court decision on Argentina

  

  The International Monetary Fund is “concerned about wider systemic implications” the ruling by the US Supreme Court could prompt following its decision not to consider Argentina’s appeal aimed at staving off a default.