Argentina

• Monday, March 30th 2015 - 06:47 UTC

  Citibank suspended in Argentina “until it revokes agreement with Griesa and holdout funds”

  

  Economy Minister Axel Kicillof said the suspension of Citibank Argentina, ordered by the National Securities Commission (CNV) financial watchdog, will stay in place until the bank revokes its agreement not to appeal US Judge Thomas Griesa’s ruling that interest payments on Argentina's restructured local law bonds could not be processed if the bank was allowed to make two one-off payments to help it exit its local custody business.

• Saturday, March 28th 2015 - 09:47 UTC

  Falklands' conflict hypothesis: Argentine Mirages are banned from flying on cloudy days

  

  The Argentine government and media agree that the country does not have the military capacity to attack the Falkland Islands as feared by Britain. A report in daily La Nacion points out the Argentine armed forces lack landing crafts, troop transport vessels and even the Mirage fighter planes are banned from flying on cloudy days because of repeated problems with their instruments.

• Friday, March 27th 2015 - 09:04 UTC

  Argentine appeals court dismisses Iran-case accusation against Cristina Fernandez

  

  Argentina's First Court of the Buenos Aires City Federal Appeals Court dismissed late prosecutor Alberto Nisman’s accusation that claimed President Cristina Fernández and other top officials had tried to negotiate impunity for the alleged Iranian masterminds of the 1994 AMIA Jewish community centre bombing.

• Friday, March 27th 2015 - 08:46 UTC

  European clearing houses close trading bridges on Argentine law bonds

  

  Clearing houses Euroclear and Clearstream have closed trading bridges on some 9.4 billion of Argentine bonds issued under the country's law. The action will prevent Euroclear customers from settling their trades with Clearstream clients and vice versa, but will not affect trading between customers belonging to the same clearing company, the same source said.

• Friday, March 27th 2015 - 07:23 UTC

  Argentina denies purchase of Russian aircraft but admits the Chinese option

  

  Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.

• Thursday, March 26th 2015 - 09:30 UTC

  Timerman rejects Iran cover-up claims and again supports the MoU signed with Teheran

  

  Argentina's Foreign Minister Hector Timerman has rejected the cover-up accusations made by Alberto Nisman before the AMIA special prosecutor was found dead in his Buenos Aires City apartment more than two months ago under unclear circumstances.

• Thursday, March 26th 2015 - 08:22 UTC

  Griesa blocks Euroclear from processing any Argentina bonds payments

  

  New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing “any payments received from any source” in respect to Argentine bonds.

• Thursday, March 26th 2015 - 08:02 UTC

  Falklands reassured by UK commitment to defense and by House support

  

  The Falkland Islands elected Legislative Assembly welcomed the statement of Secretary of Defense before the House of Commons and said it was reassuring that the UK government remains committed to the defense of the Islands, and equally significant the strong support received by the secretary from members of Parliament.

• Thursday, March 26th 2015 - 07:48 UTC

  Falklands' defense expenditure increase' will be taken before the UN, says Argentina

  

  Argentina will take the United Kingdom before the United Nations Decolonization Committee following London's announcement it was increasing expenditure on the Falkland Islands defense, said Foreign minister Hector Timerman on Wednesday.

• Wednesday, March 25th 2015 - 07:30 UTC

  New York Court of Appeals delays decision on Argentina's contempt of court

  

  The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.