Argentina

Thursday, July 17th 2014 - 07:14 UTC
CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”
Thursday, July 17th 2014 - 06:49 UTC
Judge warns Argentine VP of impeachment if he does not turn up for questioning

Argentine Vice-president and acting president while Cristina Fernandez is off to Brazil, and who was summoned this week for a hearing in a criminal probe for alleged irregularities in the purchase of a vehicle, was granted another seven days, but if he does not turn up Federal Judge Claudio Bonadio will ask Congress for his impeachment.
Thursday, July 17th 2014 - 06:36 UTC
Argentine Congressional index inflation: 2.2% in June and 39.9% in six months

Inflation in Argentina during the month of June reached 2.2% accumulating 39.9% in the first half of the year, according to the average of private consultants, which is also identified as the Congressional index. The announcement comes a few hours after the official rate from the Indec stats office was released, 1.3% and 15%.
Thursday, July 17th 2014 - 06:15 UTC
Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.
Thursday, July 17th 2014 - 05:49 UTC
Holdout funds claim in ads campaign that Argentina is choosing default scenario

The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.
Thursday, July 17th 2014 - 05:39 UTC
“K” economist claims holdout hedge funds are after Argentina’s shale resources

The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.
Wednesday, July 16th 2014 - 08:00 UTC
June inflation in Argentina reached 1.3% and 15% in the first half of 2014

June inflation in Argentina reached 1.3%, accumulating 15% in the first six months of the year, according to a release from the country’s stats office Indec. The release also revealed the wholesale prices had increased 1.5% in June, while locally-made products saw rises of 1.5%.
Wednesday, July 16th 2014 - 07:42 UTC
Malvinas: Argentine senator proposes shared sovereignty with Latam for 30 years

An Argentine Senator has stated that the solution to the Falklands/Malvinas dispute is a period of shared sovereignty, with Latin American support and guarantees, before the Islands are finally handed over to Argentina.
Tuesday, July 15th 2014 - 07:19 UTC
Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit

Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
Tuesday, July 15th 2014 - 07:07 UTC
Holdouts call on Argentina to settle debt payments and recall 30 July deadline

Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.