Tag: Argentina

Saturday, September 20th 2014 - 08:23 UTC

Argentina's defense budget with many pledges but not much beef

Despite last year's pledge no Mirage I or Kfir fighter planes for the Air Force

The Argentine 2015 budget contemplates 25.2 billion pesos (*) for the Defense ministry which includes refurbishing aircraft, tanks, sea vessels and the incorporation of state of the art radars for air space control, according to the bill presented to Congress this last week.

Saturday, September 20th 2014 - 08:11 UTC

US court dismisses Citibank and Argentina appeal: back to Judge Griesa

“We decline to find jurisdiction because the order appealed from is a clarification, not a modification, of the amended February 23, 2012 order”

A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.

Saturday, September 20th 2014 - 07:02 UTC

No end to fraud cases involving Cristina Fernandez vice-president Boudou

With Cristina in the Vatican and later in the week in New York, Boudou is formally Argentina's president

Argentina's controversial Vice-President Amado Boudou received yet another judicial headache on the same day as he took over the role of the country's interim head of the Executive as President Cristina Fernández travelled to the Vatican to meet with Pope Francis this Saturday.

Friday, September 19th 2014 - 06:31 UTC

Argentine participation in London’s prestigious “100%design” fair

“Our goal is to support and promote the burgeoning design industry in Argentina, in particular small and medium-sized enterprises”, said Castro

The creativity and uniqueness of Argentine design are on show at the 100%design fair thanks to the support of the Argentine Embassy, which has its own stand at what is considered one of the most prestigious contemporary design events worldwide.

Friday, September 19th 2014 - 06:20 UTC

Cristina Fernandez blames Griesa and US embassy for “speculative attacks” against her government

The president linked the alleged attacks with the comments made earlier this week by US acting ambassador Kevin Sullivan

President Cristina Fernández de Kirchner assured on Thursday that Argentina is under “permanent speculative attack headed by US Federal judge Thomas Griesa,” and criticized “local vultures who have amplified the offensive to the point of ridicule.”

Friday, September 19th 2014 - 06:11 UTC

Bad omen for Argentina and Citibank in their appeal over bond payments

“If we obey, we have a gun to our head, and the gun will probably go off,” Wagner said.

U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup warned it faces “serious and imminent hazard” if it follows a judge's order not to process an upcoming interest payment due to bondholders. The hearing ended with not resolution but a pledge to decide on the matter 48 hours before the end of the month.

Friday, September 19th 2014 - 06:02 UTC

Cristina Fernandez and Francis to discuss Argentina's political situation

“The pope is worried about governance, about a healthy democracy” said Vatican sources

Argentine president Cristina Fernandez left on Thursday evening for Rome where on Saturday she is scheduled to have lunch with Pope Francis in a meeting that according to Vatican sources has no formal timetable.

Thursday, September 18th 2014 - 05:46 UTC

US dollar at new record in Argentina; Kicillof blames 'holdouts' and the US embassy

The 'blue' dollar closed trading at 15.10 Pesos, with the gap between the two rates increasing to approximately 80%

The informal rate of the US dollar hit a new historic peek on Wednesday in Argentina, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Economy minister Axel Kicillof blamed the 'holdouts' and the US embassy for the latest surge.

Wednesday, September 17th 2014 - 05:20 UTC

US dollar reaches new record in Argentina; the 'Dolar Demichelis' forecasted

On Monday the Central bank reserves were down 184 million dollars

The US dollar in the informal market reached a new record high against the Argentine Peso at the end of trading on Tuesday. Earlier in the day the Central bank reported the biggest one-day drop in its international reserves since July 30.

Wednesday, September 17th 2014 - 05:01 UTC

Pope concerned with political situation in Argentina; meets Cristina Fernandez on Saturday

It will be a “tete-a-tete, a private meeting,” said Karcher, who is also Argentine and worked with the pope when he was archbishop of Buenos Aires.

Pope Francis is concerned about the political situation and governance in his native Argentina, the Vatican's chief of ceremonies said Tuesday ahead of a visit by President Cristina Fernandez on Saturday.


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