Argentina

Thursday, April 28th 2016 - 07:37 UTC
Corruption network ever closer to Cristina Fernandez as associates are investigated

Argentina's Lower House member and former Secretary of ex president Cristina Fernandez, Eduardo “Wado” De Pedro is under prosecution investigation following claims he over billed travel expenses while overseas in 2015 as part of the presidential delegations.
Wednesday, April 27th 2016 - 10:44 UTC
Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.
Saturday, April 23rd 2016 - 10:46 UTC
Treasury Secretary Lew praises Argentina for its reintegration to the global economy

United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.
Saturday, April 23rd 2016 - 10:26 UTC
Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over

US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt.
Friday, April 22nd 2016 - 07:55 UTC
Lan's CEO agrees to pay fine in the US to settle charges involving operations in Argentina

Chile's LAN Airlines CEO will pay a US$75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission.
Friday, April 22nd 2016 - 07:48 UTC
Singer praises Macri and calls him a great 'reformist' in a Time weekly column

United States hedge fund billionaire Paul Singer is a big fan of Argentina’s new president. For one thing, Mauricio Macri doesn’t call him a “vulture lord” or a “bloodsucker,” as his predecessor Cristina Fernández did. More important, the newly elected Macri recently paid Singer’s firm US$2.28 billion in debt.
Thursday, April 21st 2016 - 12:07 UTC
Argentine bill proposes 25% higher penalties for attacks on a teacher

An attack on a teacher would be punished with higher penalties than an attack on any other citizen under proposals in Argentina to raise the status of teaching. It is believed to be the first time teachers would have been given a special legal protection in this way.
Thursday, April 21st 2016 - 11:49 UTC
Monsanto in collision course with the administration of president Macri

Monsanto has rejected a request by Argentina for more time to collect monies owed by small farmers for royalties on genetically modified soybean seeds. Argentine agricultural minister Ricardo Buryaile and members of his staff have met with Monsanto representatives, including chief operating officer Brett Begemann to request a waiver on the monies owed.
Thursday, April 21st 2016 - 10:49 UTC
Reporters organization questions media ownership concentration in Argentina

Reporters Sans Frontières (RSF) international organization questioned the abrogation of Argentina’s media law decided by the administration of President Mauricio Macri, warning the new legislation that creates the Enacom agency “favors” concentration of media ownership in the country.
Thursday, April 21st 2016 - 05:11 UTC
Chile downplays Argentina's continental shelf extension which included Falklands and Antarctic territory

A strong controversy is expected following statements from Chilean officials who downplayed the significance of the recent UN continental shelf maritime extension referred to Argentina and which included the Falklands, South Atlantic Islands and Antarctica territory.