Argentina

• Tuesday, September 30th 2014 - 05:11 UTC

  Argentine reserves below 28bn dollars; bonds payments of 170m on Tuesday

  

  The informal of “blue” dollar in Argentina fell back 15 cents to 15.55 Pesos after it skyrocketed 75 cents last week and scraping 16 Pesos. The formal US dollar meantime advanced three cents to 8.49 Pesos at the end of trading in Buenos Aires City banks and foreign exchange offices. The gap between the two rates dropped to 83.9%.

• Tuesday, September 30th 2014 - 01:15 UTC

  Brazil suspends Vietnam pangasius import licenses because of sanitary reasons

  

  The temporary ban imposed by the Brazilian government on Vietnamese pangasius (Pangasius spp.) imports because of sanitary reasons and lack of phyto-sanitary controls, represents a great opportunity to increase Argentine hake (Merluccius hubbsi) shipments to the leading Mercosur partner.

• Monday, September 29th 2014 - 22:26 UTC

  Ambassador Castro thanks British unions for support in 'vulture funds' and Malvinas disputes

  

  In a speech delivered to over three hundred trade union delegates, Argentine ambassador in London Alicia Castro thanked the British unions for their support in fighting the 'vulture funds' and in backing the call for dialogue on the question of the Falklands/Malvinas, while praising progress made by Argentina regarding the role of women.

• Monday, September 29th 2014 - 21:16 UTC

  Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

  

  New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.

• Monday, September 29th 2014 - 09:09 UTC

  Record soybean and wheat crops forecasted by the International Grains Council

  

  The 2014-2015 season’s soybean and wheat crops are on track to set records, while rice and corn look poised to be more in line with last season’s record crops, according to the International Grains Council's September Grain Market Report.

• Monday, September 29th 2014 - 08:39 UTC

  Argentine stats on economic growth again come under suspicion

  

  Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.

• Saturday, September 27th 2014 - 09:24 UTC

  Argentina lashes Griesa for not making a final decision on the Citibank dispute

  

  Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

• Saturday, September 27th 2014 - 09:12 UTC

  Griesa allows Citibank to process a one-off payment of Argentine bonds

  

  US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.

• Saturday, September 27th 2014 - 08:13 UTC

  Guest post: the UN is not the solution for a rogue debtor

  

  By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.

• Saturday, September 27th 2014 - 07:59 UTC

  UN Human Rights Council sides with Argentina condemns 'vulture funds'

  

  The United Nations Human Rights Council meeting in Geneva on Friday adopted an Argentine-fueled resolution which condemns the so called 'holdouts' or “vulture funds”, currently in a legal dispute against the country.