Argentina

• Wednesday, April 20th 2016 - 07:10 UTC

  Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

  

  “You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.

• Wednesday, April 20th 2016 - 06:58 UTC

  Argentina makes emerging-market record US$ 16.5b debt sale and ends litigation with bondholders

  

  Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.

• Tuesday, April 19th 2016 - 09:28 UTC

  Chile admits differences with the 'new map of Argentina' which extends maritime outer limits

  

  Punta Arenas daily La Prensa Austral points out that a 'controversy is brewing' following the recent 'new map of Argentina' presented by foreign minister Susana Malcorra expanding the outer limit of the country's continental platform according to the UN Commission on the Limits of the Continental Shelf, CLCS.

• Tuesday, April 19th 2016 - 08:47 UTC

  Spectacular Argentine return to money markets: bond issue subscribed several times

  

  Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.

• Monday, April 18th 2016 - 10:28 UTC

  Argentine travel agencies promote Falklands' weeklong tour package

  

  The network of Argentine travel agencies under the umbrella organization Lufthansa CityCenter, has come up with a package for Argentines wishing to travel to the Falkland Islands, in search of a cultural approach with an emotive tour of the historic sites of the Islands.

• Monday, April 18th 2016 - 09:46 UTC

  Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

  

  Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

• Monday, April 18th 2016 - 09:20 UTC

  Argentine runner plans to honor Argentine and British servicemen buried in Falklands

  

  An Argentine amateur marathon runner plans next December to join 'Falklands emblematic sites', covering a distance of 280 kilometers in six days which will conclude the last leg linking the two cemeteries, Argentine and British “as a message of peace and dialogue”.

• Monday, April 18th 2016 - 08:49 UTC

  Argentina returns to money market for US$ 15bn to pay bondholders

  

  Once Argentina pays the holdout funds, US District Judge Thomas Griesa will lift the injunctions against the country, court-appointed mediator Daniel Pollack said, following the appeals court ruling that cleared the way for Argentina to pay its debts.

• Monday, April 18th 2016 - 08:06 UTC

  Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

  

  Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.

• Saturday, April 16th 2016 - 09:00 UTC

  Malbec Day celebrations this weekend in London's Camden Market

  

  This year in addition to retail promotions, Wines of Argentina and the Argentine Embassy in London are celebrating Malbec Day (April 16) with a weekend of promotion and sales “estilo argentino” (Argentine tradition) in Camden Market, one of the coolest and trendiest destinations in London.