Argentina

Tuesday, August 26th 2014 - 06:48 UTC
Argentine tax office requests arrest of US company directors for 'fraudulent bankrupcy'

Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called “playing a trick and inventing a fraudulent bankruptcy” for the printing plant located in Buenos Aires province.
Tuesday, August 26th 2014 - 06:42 UTC
Soros group and others file lawsuit against BONY over payments in Euros

A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.
Tuesday, August 26th 2014 - 06:35 UTC
Argentina will appeal WTO ruling against the use of import restrictions

Argentina will appeal a World Trade Organization ruling against its use of import restrictions, according to a senior Argentine official. On Friday a WTO dispute panel found against Argentina in a 2012 case brought by the United States, the European Union and Japan relating to Buenos Aires licensing rules used to restrict imports.
Saturday, August 23rd 2014 - 07:28 UTC
Argentina: “Cristina, share your fortune with the many impoverished in recent years”

A former cabinet minister of ex-president Nestor Kirchner said he wished that the current head of state, Cristina Fernandez would donate part of her considerable fortune so as to help all those people that have suffered impoverishment in recent years.
Friday, August 22nd 2014 - 23:36 UTC
WTO rules against Argentina in trade dispute with world powers

The World Trade Organization (WTO) dispute panel ruled on Friday against Argentina in a 2012 case brought by the United States, European Union and Japan against Argentine import licensing rules used to restrict imports.
Friday, August 22nd 2014 - 08:20 UTC
Nobel Prize Stiglitz sides with Argentina in reopening the debt swap

In an interview with Argentina’s daily 'Ambito Financiero', Nobel Economics laureate Joseph Stiglitz considered the Argentine government’s move to reopen the debt swap and replace the Bank of New York Mellon with local Banco Nacion as trustee a “good call” saying the reopening would not be mandatory, “voluntarily” inviting bondholders to join the strategy.
Friday, August 22nd 2014 - 08:04 UTC
Argentina suspends beef exports 15-days to contain domestic prices

The Argentine government has decided to restrict beef exports for a 15-day period seeking to stem the rise of prices in the domestic market. The decision was confirmed by Cabinet Chief Jorge Capitanich and sparked criticism by business leaders in the sector with some voices saying the strategy will have “no positive effects.”
Friday, August 22nd 2014 - 07:43 UTC
Argentina describes Griesa as 'ignorant' and lacking knowledge on democratic institutions

The Argentine government again blasted Judge Thomas Griesa for declaring 'illegal' the bill sent to Congress referred to the country's debt and creditors, and said the magistrate “ignores national sovereignty” and “ignores how democratic institutions function”.
Friday, August 22nd 2014 - 07:33 UTC
European holders of swapped Argentine bonds willing to accept removal of the RUFO clause

European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that Argentina claims prevents them from negotiating with holdout funds, it was reported in the Buenos Aires media.
Friday, August 22nd 2014 - 07:17 UTC
Griesa leaves Argentina 'in contempt' ledge; warns any change of jurisdiction was 'lawless'

US District Judge Thomas Griesa declared on Thursday that an Argentine plan to change the 'jurisdiction' of restructured foreign debt was illegal, while resisting holdout investors' demands that Argentina be held in contempt of court for attempting to change the site of payment to Buenos Aires.