Tag: Argentina

Argentina
Saturday, November 22nd 2014 - 09:13 UTC

Argentina's economy weakens in September, according to official stats

People have been cutting back on spending, particularly on big-ticket items such as cars and home appliances.

Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday.

Friday, November 21st 2014 - 22:55 UTC

“Habeas corpus” does not apply to Sumatran orangutan in Buenos Aires zoo

“Sandra is in captivity, living in absolute solitude in the Buenos Aires city zoo” argued AFADA, which requested the orangutan be transferred to a sanctuary

Sandra, a 20-year Sumatran orangutan must remain at the Buenos Aires zoo following the rejection of an habeas corpus request presented by a group in defense of animal rights. The magistrate ruled that the 'non human person' presentation was not applicable to Sandra as pretended by AFADA, Association of Staff and Lawyers for Animals' rights.

Friday, November 21st 2014 - 06:05 UTC

Cristina Fernandez rests in Patagonia and prepares for regional agenda

The Argentine leader will be attending the inauguration of Unasur headquarters in Quito, a building named after her late husband Nestor Kirchner

Argentine President Cristina Fernandez left Thursday evening for El Calafate, Santa Cruz province, to spend the long weekend with her family, presidential spokesman Alfredo Scoccimarro reported.

Thursday, November 20th 2014 - 04:13 UTC

“Malvinas are Argentine”, mandatory in all Argentine public transport systems

The new bill applies to all forms of domestic public transport

All Argentine public transport must include the logo “Malvinas are Argentine”, according to the latest bill approved by the Lower House in Congress, following on an initiative from Senator Teresta Luna from the ruling coalition of President Cristina Fernandez. Victory Front.

Wednesday, November 19th 2014 - 04:32 UTC

Cristina Fernandez held a 'short list' cabinet meeting on Tuesday

Kicillof revealed that in Australia Obama asked about the president's health condition, as did most world leaders

Despite the ten days of convalescence ordered by her doctors, Argentine President Cristina Fernández continued with an official schedule in Olivos and met on Tuesday with key members of her cabinet.

Tuesday, November 18th 2014 - 08:13 UTC

Argentina celebrates G20 summit support on sovereign debt restructuring

Kicillof said that the Argentine delegation was “extremely pleased that the issue was included in the final document,” for the first time in the history of the G-20.

The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 18th 2014 - 07:39 UTC

Cristina Fernandez returns to office and rallies this week after completing rest period

The president was hospitalized two weeks ago and last Sunday was released, but her doctors prescribed ten days rest at the official residence

This week the government will be announcing the date President Cristina Fernandez will resume her official duties, Cabinet Chief Jorge Capitanich said. The head of state had to be hospitalized for a week due to a sigmoiditis condition (an inflammation caused by an infection of the colon), currently remaining at the Olivos presidential residency.

Tuesday, November 18th 2014 - 07:18 UTC

Ushuaia gateway to Antarctica: of 295 cruise calls this season 60% will travel south

Half of tourists visiting Tierra del Fuego, 50% arrive in cruise vessels

Ushuaia, the world's southern most city and gateway to Antarctica cruises expects this 2014/2015 season an estimated forty vessels and 295 calls, according to Tierra del Fuego province port authorities. As usual the first vessel to arrive was Chilean flagged Stella Australis with 210 passengers, at the end of September, which is also expected to close the season in April next year.

Tuesday, November 18th 2014 - 07:00 UTC

Argentina imposes even tougher controls on foreign trade and currencies

Capitanich, under whose authority the new unit will operate, said that it seeks to “prevent tax evasion maneuvers”

The Argentine government has strengthened its control over the expenditure and income of currency in foreign trade through the creation of the Tracking and Tracing of Foreign Trade Transactions Unit, responsible for monitoring “prices and quantities of exported and imported goods and services, as well as foreign currency income/expenditures.”

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