Argentina

Monday, July 28th 2014 - 08:09 UTC
Strong speech from Cristina Fernandez expected at Mercosur summit in Caracas

Argentine President Cristina Fernandez will attend this Tuesday the leaders' summit of Mercosur in Caracas, Venezuela. The president will travel to Caracas in order to participate in a congress originally scheduled for December 17, but which suffered several postponements.
Monday, July 28th 2014 - 07:56 UTC
Argentine farmers and government again clash over the 'preyed-upon decade”

Argentine Agriculture Minister Carlos Casamiquela and Federal Planning chief Julio De Vido rebuffed the criticism of the head of the Argentine Rural Society (SRA), Luis Etchevehere, who at the opening of the Palermo livestock show accused the government of President Cristina Fernandez of being “ignorant and arrogant”.
Saturday, July 26th 2014 - 06:56 UTC
Cristina Fernandez will analyze holdouts' case during her stay in Rio Gallegos

President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.
Saturday, July 26th 2014 - 06:49 UTC
IMF warns about 'default' costs for Argentina; calls for debt restructuring mechanisms

The IMF's chief economist warned that a default by Argentina in its battle with holders of its defaulted debt may hurt its economy and the global financial system. Argentina continues to face the fallout of its 2001 debt default, which plunged the country into an economic crisis it is still battling to overcome.
Saturday, July 26th 2014 - 06:36 UTC
Argentina/holdouts impasse remains; delegation back to Buenos Aires for instructions.

Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors in New York on Friday in talks that lasted just an hour. The Argentine delegation is flying back to seek instructions from its government, mediator Daniel Pollack said, while the country's economy ministry underscored it would continue the dialogue with him over the next few days.
Friday, July 25th 2014 - 21:22 UTC
“Malvinas banner” display costs Argentina 30.000 Swiss francs fine

FIFA has fined the Argentine Football Association 30,000 Swiss francs (£19,540) as punishment for the displaying of a provocative banner relating to the Falkland Islands.
Friday, July 25th 2014 - 05:58 UTC
Argentines consider Mujica far “more honest” than Cristina Fernandez

An 'honesty' ranking by Argentine pollster, Giacobbe & Associates, based on 500 names, both alive and deceased, shows the country's public opinion poor belief in the political system, with president Cristina Fernández ranked 38, fourteen positions down from a similar poll last year and behind her Uruguayan peer Jose Mujica ranked 11.
Friday, July 25th 2014 - 05:49 UTC
Holdouts lash out at Argentina: “it is choosing to default next week”

NML Capital Ltd, one of the lead holdout creditors in Argentina's sovereign bond dispute said on Thursday the Argentine government refused to negotiate through a mediator and was all but preparing to default on already restructured debt.
Friday, July 25th 2014 - 05:36 UTC
Argentina/holdouts will meet again on Friday; “issues remain unresolved”

Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and the holdouts from speculative funds said that Thursday's meeting had failed and announced a new audience for Friday at 10:00 in the morning in New York.
Friday, July 25th 2014 - 05:22 UTC
“The muddled case of Argentine bonds”, as seen by New York Times

The following piece was written by Floyd Norris, financial analyst from The New York Times and refers to the complicated process that has emerged from the ongoing battle between Argentina and the holdouts demanding full payment of sovereign bonds, plus accrued interests.