Argentina

Sunday, November 3rd 2013 - 03:18 UTC
US appeals court rules in favor of Argentina; rejects lift of stay requested by hedge funds

A US appeals court said on Friday it would leave a freeze in place on an order requiring Argentina to pay 1.33 billion dollars to bondholders suing for full face repayment in the wake of the country’s 2002 default.
Sunday, November 3rd 2013 - 01:12 UTC
Former Paraguayan president ambassador in Argentina to improve 'Mercosur links'

Former Paraguayan president Nicanor Duarte Frutos is scheduled to arrive this week in Buenos Aires where he will be taking the post of ambassador in Argentina one of the most politically important for the land-locked country.
Saturday, November 2nd 2013 - 21:03 UTC
Mujica says Argentina's attitude in Mercosur is 'insular' and shatters integration

Uruguay President José “Pepe” Mujica questioned Argentina’s recent decision to stop freight transfers at ports belonging to Mercosur countries Buenos Aires has no maritime agreements with. Mujica blasted an “insular” position that “shatters” regional integration.
Friday, November 1st 2013 - 21:40 UTC
Argentina warns Barrick on announced suspension of gold mine project

Barrick, the world’s largest gold mining company, is indefinitely suspending construction of its troubled gold mine straddling the Chile-Argentine border, part of a cost-cutting effort that also involves 10 other mining projects around the world.
Friday, November 1st 2013 - 05:59 UTC
Argentina will again be 'a normal country', when Cristina Fernandez is out of the political stage

Uruguayan former president Jorge Batlle (2000/2005) said on Facebook that Argentina will again “be a normal country” when President Cristina Fernandez “disappears from the political stage”. And when this happens “the Argentines are going to be happier and as a consequence so will we”.
Friday, November 1st 2013 - 05:31 UTC
Malvinas' flagged vessels ideological solidarity with Argentina costs Uruguay lost jobs and income

To the loss of transshipments from Argentina, estimated in 100 million dollars a year by Montevideo port authorities, must be added the 60 million dollars following the ban on Falklands' flagged vessels from operating in Uruguay, claimed Mario Baubeta, president of Uruguay's Navigation Centre.
Friday, November 1st 2013 - 05:14 UTC
Malvinas claim 'enshrined in the Constitution and supported by all political parties'

Argentine ambassador in London Alicia Castro in a letter published in The Times, defended the “peaceful call” from President Cristina Fernandez to dialogue and negotiations on the Malvinas Islands issue and underlined that the sovereignty claim over the Islands is 'enshrined in the national constitution'.
Thursday, October 31st 2013 - 21:35 UTC
Mercosur calls special meeting in November to consolidate trade proposal before the EU

Mercosur will be holding a special meeting of foreign ministers next 15 November in Caracas to consolidate “Mercosur presentation before the European Union”, according to a release from the Argentine Foreign ministry.
Thursday, October 31st 2013 - 20:52 UTC
Argentina celebrates 30 years of democracy and free elections in 1983, 16 months after defeat in Malvinas

Argentina is recalling with different acts and commemoration ceremonies the thirty years since the return of democracy when Raul Alfonsin was elected president of Argentina. On October 30 1983, and after a long recount of votes, Alfonsín's Radical Civic Union (UCR) secured a landmark victory over the Peronist Justicialist Party.
Thursday, October 31st 2013 - 20:44 UTC
Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.