Argentina

Friday, September 5th 2014 - 07:33 UTC
NML Capital subpoenaed 18 banks in search of embezzled Argentine funds

NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States.
Friday, September 5th 2014 - 03:28 UTC
Falklands' GDP 'volatile' because of fisheries and oil and gas exploration

Recently released data shows that the Falkland Islands Gross Domestic Product (GDP) continues to be volatile: expanding considerably during some years and shrinking in others. For example, 2012, a year of intense hydrocarbons activity the per capita for a population of 2.562, in the books soared to £77.400.
Thursday, September 4th 2014 - 06:04 UTC
Malvinas: Argentina recalls fifty years since Falklands claim statement before C24

Argentina will be launching on Thursday, 4 September the book “Argentine sovereignty in Malvinas; 50 years since Ambassador Ruda's statement” which recalls the half century since the presentation by then Ambassador Jose Maria Ruda before the United Nations Special Decolonization Committee, or C24.
Thursday, September 4th 2014 - 05:20 UTC
Argentina's dispute with holdouts “will not affect” Chinese investments, says Beijing

The current legal dispute between Argentina and holdouts (“vulture funds”) suing the country over its defaulted bonds “will not affect” planned Chinese investments, since Argentina and China have a 'strategic association', the head of the National Commission of Development and Reform (CNDR) of China Xu Shaoshi, warned on Wednesday.
Thursday, September 4th 2014 - 05:06 UTC
Argentina milks more US dollars from commercial banks

Argentina's central bank said on Wednesday it had reduced the amount of dollars commercial banks could hold, a move that should push more greenbacks into the spot market and may give a mild boost to flagging reserves and the local Peso.
Thursday, September 4th 2014 - 05:00 UTC
Argentina looks to Uruguay to issue sovereign bonds and pay creditors

A former chairman of Argentina's central bank board, Aldo Pignanelli considered neighboring Uruguay could be a “trustworthy” option for Argentina to issue sovereign bonds and pay creditors. Uruguay has an outstanding international reputations regarding abiding by contracts and ensuring legal security, added the Argentine banker.
Wednesday, September 3rd 2014 - 22:17 UTC
China expanding its investments in Argentina's South Atlantic fisheries

China is interested in investing in Argentine port infrastructure and in setting up companies with access to the South Atlantic fisheries, according to reports from Shanghai where an Argentine top level delegation is currently negotiating in the framework of the China-Argentina cooperation agreement.
Wednesday, September 3rd 2014 - 22:05 UTC
Soros signals Argentina’s shale is biggest place to be

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.
Wednesday, September 3rd 2014 - 09:00 UTC
Argentine presidential election 25 October 2015, and run-off 24 November

Argentina's National Electoral Register has confirmed that the first round of presidential elections will take place on October 25 2015, with a run-off penciled in for November 24 if no candidate takes enough votes to win outright.
Wednesday, September 3rd 2014 - 06:37 UTC
Kicillof in China to confirm loans and a much needed swap dollars

Credit strapped Argentina is wooing Beijing and with this purpose Economy Minister Axel Kicillof, Planning Minister Julio De Vido and YPF oil company CEO Miguel Galuccio are currently on an official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.