The US Supreme Court on Monday asked for the US government's views on a British Gas Group PLC appeal that seeks to restore a 185 million dollars arbitration award the company won against Argentina in 2007.
Argentina’s real estate sector is already feeling the negative consequences of the ‘dollar-clamp’ implemented by the government of President Cristina Fernandez a year ago, and in 2013 the effect could have an even greater impact for the construction industry.
Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino reiterated in Mexico.
Henrique Capriles, the runner-up in Venezuela’s recent presidential elections, commented on comparisons between Argentina’s and Venezuela’s governments in an article published on Sunday in an Argentine provincial newspaper.
A Ghanaian court authorized on Monday to have Argentina’s ARA Libertad navy training frigate, impounded over a lawsuit filed by a US based fund, removed from Tema’s commercial port to another local pier in order to liberate space that’s crucial for the in and out of cargo liners.
A majority of Argentines disapproves of President Cristina Fernandez but more significantly 40% believe she is losing control of her administration and another 20% consider it a fact, according to Sergio Berenztein from the respected pollster Poliarquía.
Argentine Economy Minister Hernán Lorenzino called for developed countries to set limits to ‘vulture funds’ and credit rating agencies as “promoters of the global crisis,” as he addressed the G20 Finance Ministers meeting in Mexico on Sunday.
Six out of ten Argentines disapprove the performance of President Cristina Fernandez and an overwhelming 80% is against a possible new re-election if a constitutional review is finally passed by Congress, according to the latest opinion polls released in the Buenos Aires weekend media.
Earlier in the week Standard & Poor’s ratings services lowered to ‘B-’ from ‘B’ its unsolicited long-term sovereign credit rating on Argentina and on Friday the ratings agency said it is taking a similar rating actions on four Argentine banks and 16 Argentine corporations.
Fourteen million hectares are affected by floods in Argentina’s prime farm land provinces and the presence of water jeopardizes the harvest of grains, according to farming sector leaders.