Argentina

• Saturday, September 27th 2014 - 06:11 UTC

  US/Argentina are going through 'a difficult period'; Timerman downplays situation

  

  US Assistant Secretary of State for the Western Hemisphere Roberta Jacobson has said the bilateral relationship with Argentina is going through a “difficult period”, but stated the legal battle between that country and holdouts is not a “political problem” but a “judicial problem.”

• Friday, September 26th 2014 - 16:44 UTC

  Germany takes distance from 'holdouts' controversy and praises Argentina

  

  Angela Merkel’s administration attempted to lower tensions with the Argentine government on Thursday following controversial statements made by German Finance Minister Wolfgang Schauble regarding the so called 'holdouts' or 'vulture funds' conflict.

• Friday, September 26th 2014 - 06:26 UTC

  Argentina tightens security on all air flights: requested info must be delivered 72 hours before take off

  

  The Argentine government announced that airlines for both commercial and non commercial flights will be required to deliver further information of its passengers to the National Migrations Office, the AFIP tax bureau, Airport Police and Civil Aviation National Administration (ANAC).

• Thursday, September 25th 2014 - 06:34 UTC

  Cristina Fernandez claims holdouts are committing “economic and financial terrorism”

  

  Argentine President Cristina Fernández accused holdout investors of committing “economic terrorism” and reiterated her wish for a multi-lateral framework to regulate sovereign debt, during her speech before the United Nations 69th General Assembly on Wednesday.

• 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.