Current Edition

Current Edition
Thursday, July 24th 2014 - 22:55 UTC

Speculative funds denies any request to temporary suspend payment order

“The story is utter fiction” said Brodsky, chairman of Aurelius Capital Management

Argentine debt holdout investor Mark Brodsky, chairman of Aurelius Capital Management, said his group will not ask US Judge Thomas Griesa to suspend his payment order, after a story in Argentina's La Nacion newspaper on Thursday suggested that Paul Singer’s NML Capital Ltd could ask Griesa to reinstate the stay of injunction as requested by Argentina.

Thursday, July 24th 2014 - 07:01 UTC

In defiant speech CFK openly brushes aside any default “because Argentina has paid”

The Argentine president warned that “they will have to invent a new word to explain how a country has paid its debt and someone blocked it”.

In a defiant speech President Cristina Fernández reiterated on Wednesday that Argentina will “not fall into default” and warned that “they will have to invent a new word” to explain how a country has paid its debt and “someone blocked it”.

Thursday, July 24th 2014 - 06:42 UTC

Xi's Latam visit ends in Cuba where China consolidated trade and financial relations

“China and Cuba being socialist countries, we are closely united by the same missions, ideals and struggles,” said Xi

Chinese President Xi Jinping ended on Wednesday an eight-day trip through Latin America with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.

Thursday, July 24th 2014 - 06:27 UTC

Revolving cabinet: Humala names sixth prime minister in three years

Prime Minister Ana Jara (R) is very close to the influential First Lady, Nadine Heredia (L)

Peru's President Ollanta Humala has named his sixth prime minister in three years in a surprise cabinet reshuffle that elevated two core members of his ruling party after an embarrassing political scandal.

Thursday, July 24th 2014 - 06:20 UTC

World Bank praise for Peru as one of the most solid economies in the region

“The international environment is more complex, the Peruvian economy performs better than the average Latin American country” said Familiar.

The World Bank's vice president for Latin America and the Caribbean, Jorge Familiar, on Wednesday highlighted Peru's economic growth over the past 10 years. Peru's average economic growth over the period has registered 6. 5% annually, allowing many Peruvians to escape poverty, said Familiar.

Thursday, July 24th 2014 - 06:18 UTC

Humala signs contract for pipeline that will make Peru a leading gas exporter of the region

President Humala said after the signing ceremony that the deal is an historic milestone for natural gas development

The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.

Thursday, July 24th 2014 - 06:09 UTC

Peron's iconic 1951 Cadillac limousine to be auctioned in London

The 'fabulous' Cadillac so closely linked to Argentine history during the Perón years

A 1951 Cadillac limousine owned by former Argentine president Juan Domingo Peron will be auctioned at Silverstone Auctions in England. The car, which was part of a Peron-Eva exhibition at the Eva Peron Museum in Buenos Aires, is privately owned, and was handed over to the auction house. The Cadillac has an estimated value of between 200,000 and 260,000 pounds.

Thursday, July 24th 2014 - 05:48 UTC

Chilean anarchists in arson and bomb attacks in Santiago

 Pamphlets next to the scene of attack express support for anarchists arrested in Spain

Three cars were burned early Wednesday in Santiago's San Miguel district, where those responsible for the vandalism left pamphlets alluding to the cases of anarchists who have been arrested in Chile and abroad, police said.

Thursday, July 24th 2014 - 05:43 UTC

Spain congratulates Hammond and calls for dialogue on “Gibraltar and surrounding area”

 “What the Spanish Government has said is that our line of action is respect for international law,” said García-Margallo

Spain’s Foreign Minister Jose Manuel Garcia-Margallo congratulated Foreign Secretary Philip Hammond on his recent appointment and insisted that Spain’s action in Gibraltar is simply to seek compliance with legal obligations, but nevertheless called for dialogue.

Wednesday, July 23rd 2014 - 06:51 UTC

Argentina claims Griesa is blocking bondholders money and using 'vulture funds' language

Kicillof and Cristina Fernandez met for several hours before making official the release late Tuesday

Argentina reacted strongly to Tuesday's events in the New York federal court which denied its stay request, claiming Judge Thomas Griesa “did not solve absolutely any of the issues for which he summoned today's audience”, insisting with his “unbelievable ban” on structured bonds' collecting their payment.

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