Argentina

Tuesday, July 8th 2014 - 08:43 UTC
Indicted Boudou will replace Cristina Fernandez on Argentine Independence Day

Controversial vice-president Amado Boudou will fill in for President Cristina Fernández and head Wednesday's Argentine Independence Day celebration in San Miguel de Tucumán. The deputy was entrusted with leading the ceremony following a meeting Monday afternoon at the presidential residence in Olivos, as Cristina continues her recovery from pharyngeal laryngitis.
Tuesday, July 8th 2014 - 08:33 UTC
EU holders of restructured Argentine bonds begin court actions in Belgium

Holders of restructured Argentine bonds took to Belgian courts against Euroclear and the Bank of New York last week over their failure to pay out Argentina’s deposit, newspaper Tiempo Argentino (*) reported, citing court documents signed by the funds’ legal counsel.
Tuesday, July 8th 2014 - 08:20 UTC
Leading holdout hedge fund willing to give Argentina more time to negotiate

Elliott Management portfolio manager Jay Newman has revealed that the holdout hedge fund would be willing to give the Argentine government more time to negotiate following the nation's reverse in the US Supreme Court, while criticizing Economy minister Axel Kicillof for not meeting with the so-called 'vulture funds'.
Tuesday, July 8th 2014 - 08:10 UTC
Kicillof meets Pollack requests 'stay' injunction to pay bondholders

Argentine Economy Minister Axel Kicillof held Monday afternoon a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pay bondholders be reinstated while negotiations with holdouts developed.
Tuesday, July 8th 2014 - 07:25 UTC
“Without Chile's help, we would have lost the Falklands”, says former RAF intelligence

Chile's support for Britain during the Falklands War has been revealed for the first time by the man who was dispatched, with only hours notice, to secure a South American ally, according to an article in the Daily Telegraph credited to Harriet Alexander.
Monday, July 7th 2014 - 23:09 UTC
ECLAC sides with Argentina; calls for Collective Action Clause for sovereign debts

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, has sided with Argentina in the holdout hedge funds litigation arguing on the need to establish an international mechanism that would allow for the resolution of conflicts of interest caused by sovereign defaults:
Monday, July 7th 2014 - 07:26 UTC
Uruguay Vice-president and Latam UN ambassadors claim US justice took sides

Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.
Monday, July 7th 2014 - 07:17 UTC
Kicillof formally meets 'Special Master' Pollack, but not holdouts delegates

Economy minister Axel Kicillof is heading the Argentine delegation that on Monday will hold a first formal meeting in New York with “Special Master”, financial expert Daniel Pollack, appointed as mediator by Judge Thomas Griesa in negotiations between the sovereign country and holdout hedge funds, according to a release late Sunday from Buenos Aires.
Saturday, July 5th 2014 - 08:48 UTC
The Economist on Argentina: “The Luis Suarez of international finance”

In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.
Friday, July 4th 2014 - 07:47 UTC
Kicillof confirms meeting of Argentine delegation with mediator Pollack

Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator 'Special Master' Daniel Pollack over the legal battle currently raging between the nation and holdout hedge funds as 'vulture funds', while clarifying that those funds would not be present.