Tag: Thomas Griesa

Thomas Griesa
Tuesday, October 7th 2014 - 05:46 UTC

“Blue” dollar in Argentina further plummets as market waits for new rules

With the latest changes in the Central bank, Economy minister Axel Kicillof has become the most powerful official of the Cristina Fernandez administration

The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

Tuesday, October 7th 2014 - 00:43 UTC

Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

“The Republic of Argentina will need to reverse entirely the steps which it has taken constituting the contempt of court”, underlined Griesa

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

Monday, October 6th 2014 - 07:33 UTC

Italian holdouts, following on Paul Singer, present demand against Argentina

More than 200 Italian holdout bondholders and one another that lives in the Bahamas are represented by the well-known law firm Duane Morries

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

Friday, October 3rd 2014 - 07:36 UTC

Brazil private sector wants to help Argentina in the dispute with 'holdouts'

The news was published by Ambito Financiero and involves comments from Brazilian presidential advisor Marco Aurelio Garcia

According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.

Wednesday, October 1st 2014 - 08:09 UTC

US calls on Argentina “to normalize relations with all bondholders”

“By making this deposit, Argentina confirms once again its unshakeable commitment to meet its obligations to bondholders” said the Argentine ministry

While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.

Wednesday, October 1st 2014 - 07:42 UTC

Argentine president claims the US wants her removed: “if something happens to me, look North”

“If something happens to me, look north. Not east” warned the President who also blasted the ruling by US Federal ('municipal' and 'senile') judge Griesa (Pic Telam)

Argentine president Cristina Fernandez defiantly claimed on Tuesday that financial, industrial and local political groups together with outside support want to remove her from office, and warned that “if something happens to me, don't look to the Mid East, look North” in clear reference to the United States.

Tuesday, September 30th 2014 - 07:00 UTC

Cristina Fernandez claims US is responsible for Judge Griesa's decision

The Argentine president said Griesa's decision is in violation of international law and the UN and OAS charts (Pic Telam)

President Cristina Fernandez said US Judge Thomas Griesa decision to declare Argentina 'in contempt of court' in the dispute with speculative funds, was in violation of international law, the UN chart and the OAS (Organization of American States) chart.

Tuesday, September 30th 2014 - 05:11 UTC

Argentine reserves below 28bn dollars; bonds payments of 170m on Tuesday

The central bank international reserves now stand at 27.944bn dollars, down 99m from Friday

The informal of “blue” dollar in Argentina fell back 15 cents to 15.55 Pesos after it skyrocketed 75 cents last week and scraping 16 Pesos. The formal US dollar meantime advanced three cents to 8.49 Pesos at the end of trading in Buenos Aires City banks and foreign exchange offices. The gap between the two rates dropped to 83.9%.

Saturday, September 27th 2014 - 09:24 UTC

Argentina lashes Griesa for not making a final decision on the Citibank dispute

Kicillof argued that with one-off payment order, Griesa is harming Argentina and bond holders, which are hostage of the 'vulture funds'

Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

Saturday, September 27th 2014 - 09:12 UTC

Griesa allows Citibank to process a one-off payment of Argentine bonds

Citibank can now make payment and has three months before the next payment by Argentina on 31 December for 262 million dollars is due

US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.

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