Argentina

Thursday, December 31st 2015 - 07:50 UTC
Holdouts subpoena HSBC on Argentina's efforts to raise money abroad

Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday, as reported by Reuters.
Wednesday, December 30th 2015 - 14:10 UTC
Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789

An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.
Wednesday, December 30th 2015 - 03:22 UTC
Major Spanish company in frozen fish industry, Iberconsa, sold to Portobello Capital

The Spanish manager of equity Portobello Capital has bought a majority stake in Iberconsa (Iberica de Congelados), the third company in the sector in Spain and the first one to capture and produce frozen hake on board.
Wednesday, December 30th 2015 - 02:24 UTC
Russian polar vessel and helicopters will supply Argentine Antarctica bases

For the eighth season, Argentina's Antarctic bases and stations are to be supplied by the Russian polar vessel Vasily Golovnin from Arkadia Ltd. This has been going on since 2007 when the Argentine flagship ice-breaker Almirante Irizar caught fire in the high seas and is still in repairs waiting for the necessary funds.
Wednesday, December 30th 2015 - 02:22 UTC
Busy weekend for Ushuaia: 8.000 cruise visitors

Over 8.000 cruise visitors arrived in Ushuaia over the weekend when the Star Princess (2.600 pax), Norwegian Sun (2.400 pax), Infinity (2.400 pax) and the Seabourn Quest coincided in the extreme south port of Argentina in the peak of the Southern hemisphere season.
Tuesday, December 29th 2015 - 21:54 UTC
Environmental groups blame massive deforestation for floods in Mercosur members

Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.
Monday, December 28th 2015 - 13:49 UTC
Unions challenge Macri's government over review of public-sector contracts

Argentina's two largest state workers unions have warned they will be carrying out a strike on December 29 as a response to president Mauricio Macri's government vow to review public-sector contracts.
Monday, December 28th 2015 - 08:38 UTC
Argentine central bank building reserves: much depends on farmers and bankers

This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales.
Monday, December 28th 2015 - 07:46 UTC
Tierra del Fuego applauds end of dollar clamp in Argentina but cautions about domestic and Mercosur tourists

Tierra del Fuego tourism industry praised the Argentine government's decisions to end the dollar clamp and make more transparent the foreign money exchange because “this will make the country, and Tierra del Fuego, highly competitive internationally”. However they also cautioned that consideration must be given to domestic and regional tourists which make up almost 45% of the number of the people visiting the extreme south of Argentina.
Monday, December 28th 2015 - 07:31 UTC
Argentina issues US$ 5bn in bonds to pay importers; some restrictions persist

The Argentine government will issue bonds worth US$5 billion to be auctioned this week to pay back debt from imports during the previous Cristina Fernandez administration, according to a resolution published by the current government.