Tag: Argentina

Argentina
Tuesday, March 31st 2015 - 08:52 UTC

Falklands' defense: Argentina formalizes complaint to UN and regional groups

UK alleges a preposterous 'live threat' from Argentina with the sole purpose of trying to justify a military presence in the Falklands, said Timerman

Argentina dispatched on Monday complaint letters to several international and regional organizations accusing the United Kingdom of further militarizing the Falklands/Malvinas, with an increased budget, alleging Argentina represents a 'live threat' to the Islanders in the British Overseas Territory and thus ignoring tens of resolutions calling for dialogue between the two sides on the Falklands issue.

Tuesday, March 31st 2015 - 06:11 UTC

Maximo Kirchner rejects accusations; blames international media campaign

“All that has been published in the press is false, ridiculous and could have been expected, since they are planned lies”, said Maximo

Maximo Kirchner, son of Argentine president Cristina Fernandez has strongly denied as “false and ridiculous” news published in Buenos Aires daily Clarin and Brazil's magazine Veja alleging he had secret accounts in the US and Cayman Islands holding millions of dollar.

Tuesday, March 31st 2015 - 05:49 UTC

Maximo Kirchner accused of having secret accounts in the US and Cayman Islands

The Argentine president's son and former minister Nilda Garre are mentioned in pieces published in Clarin and Brazil's Veja

Maximo Kirchner, son of Argentine president Cristina Fernandez and former Defense and Security Minister Nilda Garre figure with secret bank accounts, stashed with millions of dollars, in the United States and in the Cayman Islands, according to reports in Buenos Aires daily Clarin and Brazil's Veja, the weekly magazine with the largest circulation in that country.

Tuesday, March 31st 2015 - 05:44 UTC

Unions bring Argentina to a halt over income tax and promise more industrial action

Pablo Moyano’s truckers and about 20 other unions will walk off the job Tuesday, bringing to a halt banks, public transport, garbage collection, schools

Argentine Labor unions will carry out more strikes after a 24-hour walkout Tuesday, if the government doesn’t heed their demand for less tax pressure, a union leader said on Monday.“The measures of force are going to increase if (the government) continues with the provocations and without giving us a response to our demands,” trucker union boss Pablo Moyano said to a local radio station.

Monday, March 30th 2015 - 10:36 UTC

Ushuaia expects 2014/15 cruise season to total over 100.000 visitors

With still a few days left, “numbers are encouraging and we expect to end with a 15% increase over the 2013/14 season visitors”. said Gianfranco Guardamagna

Over 100.000 visitors will have landed in Ushuaia, extreme south of Argentina by the end of the current 2014/2015 cruise season, anticipated for mid April, according to official stats from the Tierra del Fuego Tourism Institute, InFueTur.

Monday, March 30th 2015 - 06:47 UTC

Citibank suspended in Argentina “until it revokes agreement with Griesa and holdout funds”

The “precautionary suspension” was ordered as CNV considered that the bank “did not act according to Argentine banking law” said Kicillof

Economy Minister Axel Kicillof said the suspension of Citibank Argentina, ordered by the National Securities Commission (CNV) financial watchdog, will stay in place until the bank revokes its agreement not to appeal US Judge Thomas Griesa’s ruling that interest payments on Argentina's restructured local law bonds could not be processed if the bank was allowed to make two one-off payments to help it exit its local custody business.

Friday, March 27th 2015 - 09:04 UTC

Argentine appeals court dismisses Iran-case accusation against Cristina Fernandez

Judges Eduardo Freiler and Jorge Ballestero voted to throw out the criminal complaint while Judge Eduardo Farah argued that the case should be investigated further.

Argentina's First Court of the Buenos Aires City Federal Appeals Court dismissed late prosecutor Alberto Nisman’s accusation that claimed President Cristina Fernández and other top officials had tried to negotiate impunity for the alleged Iranian masterminds of the 1994 AMIA Jewish community centre bombing.

Friday, March 27th 2015 - 08:46 UTC

European clearing houses close trading bridges on Argentine law bonds

The decision was part of Argentina's decade long court battle with holdout investors seeking some 1.33 billion plus interest from Argentina.

Clearing houses Euroclear and Clearstream have closed trading bridges on some 9.4 billion of Argentine bonds issued under the country's law. The action will prevent Euroclear customers from settling their trades with Clearstream clients and vice versa, but will not affect trading between customers belonging to the same clearing company, the same source said.

Friday, March 27th 2015 - 07:23 UTC

Argentina denies purchase of Russian aircraft but admits the Chinese option

The Argentine minister pointed out that Russia's Su-24 were never under consideration since they are “absolutely inaccessible in terms of value”

Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.

Thursday, March 26th 2015 - 09:20 UTC

Argentina considers Citigroup deal with US Judge Griesa could have violated local law

“Reading the fine print of the deal, what we find is a trap possible aimed at scamming the bondholders,” Kicillof told a news conference in Buenos Aires.

Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

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