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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.