Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina to default, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.
An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.
Argentine bio-diesel producers will fight European Union proposals to impose punitive duties on imports from the country, saying the move would remove its biggest export market and raise prices in Europe.
One day after the Argentine government extended the deadline to legalize undeclared cash, energy company Bridas International gave new life to the BAADE energy bonds, the most relegated portion of the whitewash scheme, by saying it would snap up 500 million dollars of the paper.
Foreign Minister Héctor Timerman has confirmed that Argentina will go before the international court of justice at The Hague over the decision of Uruguayan president José Mujica, who on Wednesday authorised increased production at the UPM (ex-Botnia) paper plant.
Argentina’s President Cristina Fernández has decided to extend the deadline of the whitewash law until the end of December. The recently passed project expired on Monday with 341.5 million dollars entering the country.
Argentina’s latest government’s decisions on squid fishing show that the country’s fisheries policy is inconsistent and unsustainable, according to the president of Assistance Food Argentina SA and director of Assistance Food America Inc., Dr. Cesar Augusto Lerena.
The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.
Argentine President Cristina Fernández met on Monday with her Uruguayan counterpart José Mujica after the pair inaugurated a new vessel belonging to the ferry company Buquebús, (which joins Montevideo with Buenos Aires), in order to discuss matters related to the controversial UPM pulp plant formerly known as Botnia.
Argentina has confirmed the purchase of 16 second hand Mirage F-1 decommissioned from the Spanish Air force in an operation valued at 170 million Euros. The expenditure is contemplated in the 2014 budget bill approved in the Lower House and which awaits debate in the Senate.