Argentina

• Thursday, September 25th 2014 - 05:17 UTC

  Argentina must explain to Judge Griesa why it is not in contempt of court

  

  New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.

• Thursday, September 25th 2014 - 05:11 UTC

  US dollar brushes 16 Argentine Pesos, settles at 15.95; monthly devaluation 12.4%

  

  The informal rate for the US dollar in Argentina kept climbing on Wednesday and after brushing 16 Pesos, finally closed 53 cents higher at 15.95 Pesos, while the gap with the formal dollar soared to 89%. Distrust with government policy, plain speculation and hikes in the stock exchange rate were blamed for the situation.

• Thursday, September 25th 2014 - 05:06 UTC

  Argentina publicly adds Germany to its list of 'hostile countries'

  

  Argentine Cabinet Chief Jorge Capitanich on Wednesday lashed out at Germany's finance minister, denouncing Berlin's “hostile attitude” toward Argentina's debt restructuring effort. He added that Germany had always had a hostile attitude toward Argentina from an economic and financial point of view.

• Thursday, September 25th 2014 - 03:17 UTC

  Falklands/Malvinas: Cristina Fernandez demands dialogue at UN and blasts Security Council

  

  President Cristina Fernández addressing on Wednesday the United Nations General Assembly said Argentina, in the context of a complex world situation, has become a triple leading case, (vulture funds, terrorism) and one referred to 'the use of force and territorial integrity', more specifically the pending dispute with the United Kingdom over the Falklands/Malvinas.

• Wednesday, September 24th 2014 - 15:55 UTC

  Argentia economic situation can become 'harmful' for the region says Moody's

  

  Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.”

• Wednesday, September 24th 2014 - 06:19 UTC

  Falklands and 'holdouts' in Argentine lawmakers agenda, coming visit to London

  

  A group of Argentine lawmakers will be travelling next month to the UK, on an official visit to meet with British officials and members of Parliament, a trip which has been described as 'historic' because it is a 'first time' since the end of the South Atlantic conflict such an invitation is extended.

• Tuesday, September 23rd 2014 - 10:50 UTC

  For the Vatican, Cristina Fernandez visit was a low key event

  

  What happened in the Vatican last Saturday when Pope Francis received Argentine president Cristina Fernandez for lunch and a long private talk. According to the visitor the Holy father was concerned about “debt and vulture funds harassment” and contrary to news from Buenos Aires previous to the trip, “the Pope was not at all concerned about governance in Argentina or the democratic process”.

• Tuesday, September 23rd 2014 - 10:48 UTC

  Argentine Peso faces a turbulent start of the week with new records

  

  The beginning of a turbulent week for Argentina's money exchange market with the informal or 'blue' dollar climbing to 15,15 Argentine Pesos, while the official rate was up one cent to 8,45 Pesos in Buenos Aires banks and foreign exchange offices.

• Tuesday, September 23rd 2014 - 06:23 UTC

  British Airways cuts weekly London/Buenos Aires direct flights to five a week

  

  British Airways will be eliminating two direct flights between Buenos Aires and London beginning 31 March 2015, meaning the weekly schedule will be cut from seven to five flights, mainly because of a drop in the number of passengers.

• Tuesday, September 23rd 2014 - 06:14 UTC

  “Citibank has no gun to its head, but the Argentine law”, said Kicillof

  

  Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.