Stories for 2014

Tuesday, October 7th 2014 - 06:16 UTC
Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.
Tuesday, October 7th 2014 - 06:04 UTC
IMF urges changes in sovereign bonds' contracts, following Argentina's case

The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.
Tuesday, October 7th 2014 - 05:56 UTC
Brazilian markets clearly support challenger Neves: Bovespa up 4.7%

The Sao Paulo stock exchange soared 4.7% on Monday with the Bovespa index reaching 57.115 points following Sunday's presidential election when no candidate managed 50% of ballots, opening the way for a runoff between pro-business Aecio Neves and president Dilma Rousseff.
Tuesday, October 7th 2014 - 05:46 UTC
“Blue” dollar in Argentina further plummets as market waits for new rules

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 - 00:53 UTC
Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.
Tuesday, October 7th 2014 - 00:43 UTC
Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

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 - 21:17 UTC
Dilma retained majority in Congress, theoretically, given the volatility of Brazilian parties

The multi-party coalition that currently supports Brazilian president Dilma Rousseff lost ground in Sunday's election but will keep its majority in Congress following on the results released by the country' Superior Electoral Tribunal, TSE.
Monday, October 6th 2014 - 18:10 UTC
UK protests incursion of Gibraltar waters by Spanish research vessel

The Foreign Office reacted strongly to the 5 October 2014 serious incursion into British Gibraltar Territorial Waters (BGTW) by a Spanish state research vessel. In response to the incident, the Minister for Europe, the Rt Hon David Lidington MP, earlier called Spanish Secretary of State for Foreign Affairs Gonzalo de Benito to express his grave concern.
Monday, October 6th 2014 - 11:45 UTC
Euro zone, an economy struggling against multiple headwinds

A survey measuring business activity in the Euro zone shows the economy remains “stuck in a rut”, according to the company behind the report. The Euro zone purchasing managers index (PMI) fell to 52 in September, down from an initial estimate of 52.3.
Monday, October 6th 2014 - 07:51 UTC
Sao Paulo state, Brazil's largest electoral district delivers solid win for Neves party

The social-democrat (PSDB) governor from the state of Sao Paulo, Brazil's largest electoral district, Geraldo Alckim was re-elected on Sunday with 57,7% of ballots, which ensures a strong spring board for the presidential runoff between president Dilma Rousseff and her PSDB challenger on 26 October, Aecio Neves.