Tag: Argentina

Argentina
Saturday, April 30th 2016 - 13:52 UTC

South Atlantic poacher Hua Li 8, arrested by Indonesian for illegal fishing

On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, but managed to escape

Almost two months of efforts coordinated by Interpol with the cooperation of seven countries on four continents, the Indonesian Armed Forces arrested one of the most wanted poaching fishing vessels. On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, which triggered an immediate operation to arrest the vessel. But despite the display of patrol vessels and aircrafts, and warning shots, the vessel managed to escape.

Saturday, April 30th 2016 - 12:41 UTC

British Supreme Court Justice gives a lecture in Buenos Aires on the Carta Magna

Lord Carnwath gave a lecture on the 1215 Magna Carta of the United Kingdom, that involved the debate over key human rights aspects.

Visiting British Supreme Court Justice Lord Robert Carnwath gave a lecture for the United Kingdom Course of the University of San Andres, in Buenos Aires. Among important participants to the event were the President of Argentina’s maximum tribunal, Ricardo Lorenzetti, as well as magistrates, prosecutors and renowned law experts.

Saturday, April 30th 2016 - 12:12 UTC

Argentine unions take to the streets to protest job cuts and inflation

”This is a historic gathering ... We understand that the interests of the workers come before the interests of the union leaders,” said Hugo Moyano

Argentina’s strongest unions brought thousands of people into the streets Friday to protest high inflation and job cuts in the biggest demonstrations against President Mauricio Macri since he took office in December. Demonstrators waving blue and white Argentine flags flooded the main avenues of Buenos Aires, blocking traffic in a protest that brought together rival unions that put aside differences to protest Macri’s policies.

Saturday, April 30th 2016 - 11:45 UTC

YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

YPF said it was notified that it must pay damages of US$184.5 million to Brazilian electric utility AES and US$319.1 million to Transportadora de Gas del Mercosur

Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange.

Saturday, April 30th 2016 - 10:57 UTC

A natural size bronze statue of Kirchner found during Argentine prosecutors raids in Santa Cruz

The statue was discovered by the Argentine Federal Police in one of several warehouses in Rio Gallegos, where Baez kept his fleet of expensive luxury cars.

The mega judicial raids in Argentina into the properties of arrested Kirchnerite businessman Lazaro Baez and his family, in the southern province of Santa Cruz, so far have found less cash than rumored but far more assets that expected, including some surprises such as a full size bronze statue of former president Nestor Kirchner.

Friday, April 29th 2016 - 06:08 UTC

IMF praises Argentina's new focus despite an expected contraction of 1% this year

“The new policy framework, however, has improved the medium-term outlook, with GDP growth expected to rebound to about 2,75% in 2017,” the paper said.

Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances.

Thursday, April 28th 2016 - 12:05 UTC

China plans to track moon spacecrafts from its station in Argentine Patagonia

The Quintuco station is expected to become active in March in 2017 and next June the main antenna will begin to be assembled

In March next year, China's space and satellite tracking station in Quintuco, Argentine Patagonia will become operational, according to members from China's Space Agency, CLTC, who advanced that in June scientists will be mounting the station's antenna to explore outer space.

Thursday, April 28th 2016 - 07:37 UTC

Corruption network ever closer to Cristina Fernandez as associates are investigated

Lawmaker Eduardo “Wado” De Pedro has unaccounted travel expenses over US$ 300.000 as part of Cristina Fernandez presidential delegations

Argentina's Lower House member and former Secretary of ex president Cristina Fernandez, Eduardo “Wado” De Pedro is under prosecution investigation following claims he over billed travel expenses while overseas in 2015 as part of the presidential delegations.

Wednesday, April 27th 2016 - 10:44 UTC

Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

 The article came days after Singer was invited to write in TIME about Macri as part of the publication’s Most 100 Influential People in the World list

Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.

Tuesday, April 26th 2016 - 08:28 UTC

Brexit impact on Falklands could be ''catastrophic” for the economy and might encourage Argentina

“The provisions of the Treaty of Rome, and its successor Treaties, provides HMG/FIG with considerable certainty and support from EU Member States”

If Britain finally leaves the European Union it might encourage Argentina to be more aggressive, according to Sukey Cameron, Falkland Islands government representative in London interviewed by The Telegraph political correspondent Ben Riley-Smith.

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