Argentina

Friday, August 29th 2014 - 06:04 UTC
Argentina says it won't yield to unions; controversy over success of the national strike

Argentina's Labor minister Carlos Tomada said that it is not a government’s priority to discuss the modification of the income tax or re-opening wage talks, as dissident unions demanded during a general strike on Thursday which partially paralyzed Buenos Aires city since several transport unions joined the stoppage.
Friday, August 29th 2014 - 05:56 UTC
Argentina will only negotiate with all bondholders: no more piecemeal debt talks

Argentina's government ruled out further piecemeal debt talks with a small group of U.S. hedge funds (holdouts) and said the country needed to strike a deal with all bondholders including those which have rejected past restructuring agreements as a single group.
Thursday, August 28th 2014 - 06:11 UTC
Dollar new record in Argentina: 14.45 Pesos; Capitanich blames 'speculative attacks'

While Argentine Cabinet Chief Jorge Capitanich claimed the country was suffering “speculative attacks“ to systematically erode the ”government’s credibility and trust” the US dollar in the Buenos Aires informal market continued to climb and ended Wednesday trading 25 cents higher at 14.45 Pesos.
Thursday, August 28th 2014 - 06:06 UTC
Malvinas: Chile reiterates support for Argentina's claim through dialogue

Foreign minister Heraldo Muñoz reiterated on Wednesday Chile's support for Argentina sovereign rights over the Falkland Islands, Georgia and South Sandwich Islands during a meeting with visiting Daniel Filmus, head of Argentina's desk relative to Malvinas and other South Atlantic Islands affairs.
Wednesday, August 27th 2014 - 20:21 UTC
Cristina Fernandez proposes a new capital for Argentina and compares herself with San Martín

Argentine president Cristina Fernandez threw her weight behind moving the capital Buenos Aires to the northern province of Santiago del Estero, an idea hitherto only pioneered by Lower House Speaker Julian Domínguez.
Wednesday, August 27th 2014 - 06:51 UTC
Argentina and Chile navies in confidence building exercises in Beagle Channel

Argentina and Chile announced on Monday the launching of the annual naval exercise known as “Viekaren” (confidence in Yamana language) in the extreme south of the continent where the two countries territorial waters meet.
Wednesday, August 27th 2014 - 06:42 UTC
Singer recruits former Secretary of State Albright for its dispute with Argentina

Billionaire Paul Singer, founder and CEO of hedge fund Elliott Management Corporation has picked up some major political muscle to press his case in the long-running debt battle with Argentina, reports the New York Post.
Wednesday, August 27th 2014 - 06:33 UTC
Argentina revokes BONY authorization to operate and act as trustee

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.
Wednesday, August 27th 2014 - 06:07 UTC
As confidence vanishes, US dollar in Argentina breaks new record: 14.20 Pesos

Despite appeals to national unity from president Cristina Fernandez, the US dollar, Argentina's best test for confidence, climbed 22 cents to a new record in the informal market at the end of Tuesday's trading: 14.20 Pesos.
Tuesday, August 26th 2014 - 07:24 UTC
YPF strikes oil and gas in the Kirchner's province

Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.