The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.
Argentina's government will issue as much as 10 billion pesos (1.25 billion dollars) in bonds on Friday as it seeks funding from local investors and tries to drain liquidity from the local market as the harvest season approaches when traders begin selling the dollars of overseas shipments of grains and oilseeds.
Pope Francis showed an interest on the Falklands/Malvinas question negotiations during a meeting on Wednesday at the Vatican with Daniel Filmus chairman of Issues relative to the Malvinas Islands secretariat, according to Argentine sources which gave the event a great coverage. The meeting was in the framework of Wednesdays open audience at St Peter's square, when an estimated 50.000 people attend the ceremony.
Russia’s Vladimir Putin called President Cristina Fernández and praised Argentina’s position against the “double standard” of world powers in the resolution of international conflicts. The Argentine leader appealed to the examples of Crimea and the Falkland Islands' referendum in her statements last week in France.
An Argentine bondholder seeking to collect on hundreds of millions of dollars in judgments stemming from the country's historic 2002 default filed a lawsuit on Tuesday aiming to take control of the country's rights under a contract for satellite launches with a private US firm.
Argentina underlined the support from Brazil, France, Mexico, (even the IMF), among other institutions in the country's long exhausting litigation with hedge funds, an issue which is crucial for Argentina and the whole international financial system.
Argentina is advancing in negotiations with Israel for the purchase of the multi-purpose combat aircraft Kfir Block 60, which is supposed to replace the aging Mirage III, on service for over four decades.
Brazil, France and Mexico are expected to file papers in the US Supreme Court on Monday backing Argentina in its legal battle with bondholders who refused to take part in debt restructurings from the country's 2002 default, according to a source familiar with the litigation.
By Oliver Stuenkel (*) - Brazil, foreign policy observers often point out, is blessed. Contrary to many other emerging powers such as China or India, it is located in a region that rarely experiences interstate tension or war. Not only can Brazil live on a relatively small defense budget, while India is the world's largest arms importer. Brazil can also dedicate considerable time and energy towards extending its global diplomatic reach without constantly being forced to deal with trouble in its neighborhood.
Mercosur and European Union chief negotiators met on Friday in Brussels to define if conditions are ready for the exchange of tariffs reductions proposals with the purpose of reaching an ambitious trade agreement which was started back in 1999 and has yet to mature.