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.
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.
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.
Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.
UK Minister for Sport, Tourism and Equalities Helen Grant arrives in Sao Paulo on Wednesday to cheer for the English team in the World Cup, and to share experience and promote the values and policies that transform social reality.
President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.
Argentine foreign minister Hector Timerman said that the pulp mill dispute with Uruguay is 'political' and wondered how great is Finland's' Botnia-UPM influence in the country, but at the same time underlined that all chances of dialogue have been 'exhausted'.
Vatican officials are becoming increasingly irritated with the Argentine government after its ambassador to Britain, who is a vocal critic of the UK policy regarding the Falkland Islands, requested a private audience with the Argentine born pontiff, reports a piece by Edward Pentin, published by Newsmax.com.
The International Monetary Fund cut its growth forecast for the United States and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to take its time before raising interest rates.
Sailors from HMS Clyde joined other protectors of the Falkland Islands as the British Overseas Territory marked the 32nd anniversary of its liberation. The ship’s company took part in a memorial service and parade, and hosted veterans of the 1982 conflict on Liberation Day in the Islands’ capital, Stanley.