Argentina

• Wednesday, November 28th 2012 - 20:28 UTC

  Argentina faces 65bn dollars in claims; plans to abandon international litigations court

  

  Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.

• Wednesday, November 28th 2012 - 05:37 UTC

  Fitch downgrades Argentina’s credit rating fearing ‘probable default’

  

  Fitch Ratings agency announced on Tuesday it has downgraded Argentina's long-term foreign currency Issuer Default Rating from “B” to “CC,” with a negative outlook, as it sees a “probable default” if the country misses its payment to holdout investors.

• Tuesday, November 27th 2012 - 23:52 UTC

  Peruvian president tells Argentine congress of its solidarity with the Malvinas issue

  

  Peruvian president Ollanta Humala expressed solidarity with Argentina in the Malvinas Islands issue and said that “the problems of the region are common problems” for all countries.

• Tuesday, November 27th 2012 - 22:54 UTC

  Argentina will make a plea at the Unasur summit to jointly face ‘vulture funds’

  

  During a ceremony to receive visiting Peruvian leader Ollanta Humala Argentine President Cristina Fernández said that she would make a plea for Unasur members to come together in the fight against ‘vulture funds’ (hedge funds) when the region’s leaders meet this week in Lima.

• Tuesday, November 27th 2012 - 21:02 UTC

  Argentina prepared to reopen bonds’ swap under certain conditions

  

  Economy Minister Hernan Lorenzino described the appeal presented on Monday by Argentina against the ruling of New York Judge Thomas Griesa as “very forceful”, and pointed out that if the magistrate had proposed to treat hedge funds demands under the terms of the 2010 debt-swap, the Argentine congress might then address the option.

• Tuesday, November 27th 2012 - 04:52 UTC

  Investors holding restructured Argentine bonds also appealed Judge Griesa’s ruling

  

  Investors holding 1 billion dollars worth of restructured Argentine debt said they also appealed to US District Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.

• Tuesday, November 27th 2012 - 04:37 UTC

  Leading nations question legitimacy of Brazil’s measures to protect manufacturing

  

  The European Union, United States and Japan presented a formal complaint before the World Trade Organization questioning the legitimacy of some measures adopted by Brazil to protect domestic manufacturing, particularly in the auto industry.

• Tuesday, November 27th 2012 - 01:40 UTC

  Argentina rejects UK complaints on maritime security regarding the Falklands

  

  Argentine ambassador Alicia Castro rejected at the International Maritime Organization, IMO, British complaints on maritime security in Argentine waters and navigation obstacles for British and Falklands flagged vessels which access Argentine ports.

• Monday, November 26th 2012 - 21:41 UTC

  UK appeals to EU, WTO and IMO over latest Argentine ‘intimidation’ round on the Falklands

  

  The UK is pursuing actions through the European Union, the World Trade Organization and the International Maritime Organization following the latest intimidation incidents from Argentina against the Falkland Islands and which also involve interfering with the free passage of shipping and free trade.

• Monday, November 26th 2012 - 19:35 UTC

  The Chicago Tribune on the bonds dispute: ‘Cry for yourself, Argentina’

  

  The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.