The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.
The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.
When opposition party Senator Aecio Neves officially kicked off his presidential campaign last week, he posted a video on Facebook calling for a “fairer, more efficient, and more generous Brazil”. However the word ‘efficient’ struck some as an odd rallying cry in a tropical country known for its, well, un-Swiss-like approach to time.
Prime Minister Narendra Modi is visiting Brazil to attend the Sixth BRICS summit in Brazil on 15-16 July. During his meeting with President Dilma Rouseff, PM Modi will review the bilateral relations with Brazil with which India is committed to a strategic partnership.
June inflation in Argentina reached 1.3%, accumulating 15% in the first six months of the year, according to a release from the country’s stats office Indec. The release also revealed the wholesale prices had increased 1.5% in June, while locally-made products saw rises of 1.5%.
Incoming Foreign Secretary Philip Hammond praised his predecessor and promised to lay the ground for “a new relationship between Britain and the EU; one that promotes our national interest and reflects the concerns of the British people”.
Germany’s candidate, Luxembourg’s Jean-Claude Juncker was elected on Tuesday President of the European Commission by a strong majority of 422 votes in the European Parliament plenary session. After being proposed as candidate for Commission President by the European Council on 27 June 2014, Juncker needed a majority of 376 votes in the European Parliament.
An Argentine Senator has stated that the solution to the Falklands/Malvinas dispute is a period of shared sovereignty, with Latin American support and guarantees, before the Islands are finally handed over to Argentina.
The leaders of the group of five BRICS emerging market countries signed on Tuesday a deal to create a new development bank and an emergency reserve fund, Brazil's President Dilma Rousseff announced at a summit of the group in the Brazilian city of Fortaleza.
The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.