Argentina

Wednesday, August 28th 2013 - 00:24 UTC
Argentine bonds lose ground following the debt swap announcement

Argentina bonds in dollars, protected by local legislation fell the most in four months after President Cristina Fernandez announced she’s sending a bill to Congress to reopen the debt swap so that holders of the 7% of pending non restructured debt can normalize their situation in similar conditions.
Tuesday, August 27th 2013 - 21:59 UTC
Cristina Fernandez calls for reciprocity from foreign airlines operating in Argentina’s domestic market

Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.
Tuesday, August 27th 2013 - 02:19 UTC
LAN appeals hangar eviction in Buenos Aires airport; unions pledge strike in support of Chilean carrier

Lan Chile went to court in Argentina on Monday to appeal its eviction from a hangar at the metropolitan Buenos Aires Aeroparque airport, which is a crucial element of its national and regional operations. Several unions have anticipated that if the eviction is not stopped they will go on strike and interrupt domestic flights.
Tuesday, August 27th 2013 - 01:13 UTC
Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.
Monday, August 26th 2013 - 03:01 UTC
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.
Monday, August 26th 2013 - 02:49 UTC
Some 60% of Argentine children in urban areas suffer deficit of basic rights

Almost 60%, more precisely, 59.1%, of Argentine children in urban areas suffer lack of coverage in their basic rights, according to a release from the Argentine Catholic University referred to infancy rights and included in the latest Social Debt Barometer report.
Monday, August 26th 2013 - 02:10 UTC
Cristina Fernandez will not bid for presidency in 2015, ‘under no circumstances’

The head of a powerful union supportive of the Argentine government said that during the recent ‘social dialogue round’ held in Rio Gallegos with business and labour leaders President Cristina Fernandez affirmed with no margin of doubt that she will not be bidding for the presidency in 2015.
Friday, August 23rd 2013 - 23:22 UTC
Falklands reviewing tax returns from oil industry but confident ‘an acceptable outcome can be reached’

The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.
Friday, August 23rd 2013 - 23:18 UTC
Falklands’ lawmaker begins round of contacts in Brazil’s main cities

Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
Friday, August 23rd 2013 - 23:15 UTC
“Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.