Argentina

• Wednesday, October 8th 2014 - 03:46 UTC

  World Bank supports Argentina, favors institutional frame for 'holdouts'

  

  World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”

• Tuesday, October 7th 2014 - 22:19 UTC

  Despite record shrimp season, Argentine seafood landings drop 7.3%

  

  Seafood landings in Argentine sea ports between January first and 30 September totaled 584,835.1 tons of seafood resources, 7.3% less that the same period a year ago, 630,393 tons.

• Tuesday, October 7th 2014 - 06:16 UTC

  Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

  

  Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.

• Tuesday, October 7th 2014 - 06:04 UTC

  IMF urges changes in sovereign bonds' contracts, following Argentina's case

  

  The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.

• Tuesday, October 7th 2014 - 05:46 UTC

  “Blue” dollar in Argentina further plummets as market waits for new rules

  

  The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

• Tuesday, October 7th 2014 - 00:53 UTC

  Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

  

  Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.

• Tuesday, October 7th 2014 - 00:43 UTC

  Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

  

  US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

• Monday, October 6th 2014 - 07:33 UTC

  Italian holdouts, following on Paul Singer, present demand against Argentina

  

  Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

• Monday, October 6th 2014 - 06:34 UTC

  BBC2 To Gear claims “they threw us out of Argentina for the political capital”

  

  BBC2’s Top Gear presenter Jeremy Clarkson has said his crew did nothing wrong and affirmed “someone could have been killed”, following incidents in which a group of people in Tierra del Fuego threw stones at their cars, thinking the license plates they used for filming were directly alluding to the Falklands/Malvinas War.

• Monday, October 6th 2014 - 06:21 UTC

  Conference on Hudson, “An Argentine writer that wrote in English”

  

  Argentine ambassador to the UK Alicia Castro and Argentina's National Library head Horacio Gonzalez took part in a conference held at the British Library last Friday in London to promote “cultural cooperation and dialogue” between the two countries.