Argentina

• Tuesday, August 19th 2014 - 08:05 UTC

  Falklands' war statements from Chilean minister praised by Argentine peer

  

  Argentine Defense minister Agustín Rossi praised on Monday his Chilean peer statements relative to Chile's role and attitude during the Falklands war when Britain sent a task force to expulse the Argentine military invasion in 1982.

• Monday, August 18th 2014 - 06:52 UTC

  “Chile not proud of Falklands war support”, but “proud of peace treaty with Argentina”

  

  Defense minister Jorge Burgos said that most Chileans are not proud of the attitude of the Pinochet dictatorship when the Falklands/Malvinas war, but also admitted it happened at a very different and difficult moment in the relations between Chile and Argentina.

• Monday, August 18th 2014 - 06:17 UTC

  Malvinas Museum incorporates San Martin letter referred to links with South Atlantic Islands

  

  The Malvinas Islands Museum in Argentina has incorporated a letter allegedly handwritten by Liberator General Jose de San Martin and dated August 1816, a month after Argentina formally declared independence (07/09/1816) in which he mentions having given instructions to liberate prisoners in Patagones (Patagonia) and Malvinas Islands so they can join the Andes army.

• Monday, August 18th 2014 - 06:13 UTC

  First Kirchnerite governor crosses the line and joins opposition group

  

  The governor from the Argentine province of Rio Negro has decided to cross the line and join one of the leading opposition groups whose head is a strong presidential hopeful for October 2015. The move can be threatening to the government of President Cristina Fernandez if more disenchanted elected officials follow or their lawmakers also decide to cross the line and could jeopardize the government's majority in Congress.

• Saturday, August 16th 2014 - 11:32 UTC

  Trust in Argentine reliability has vanished, as a result of the bonds' litigation

  

  Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.

• Saturday, August 16th 2014 - 11:15 UTC

  Billionaire Soros becomes the fourth largest holder of YPF shares

  

  George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.

• Saturday, August 16th 2014 - 09:01 UTC

  Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

  

  Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.

• Saturday, August 16th 2014 - 08:45 UTC

  Global trade union summit condemns actions of vulture funds against Argentina

  

  The International Transport Workers’ Federation passed on Friday a motion condemning the actions of the 'vulture funds' against Argentina and calling ”not to allow the vulture funds to paralyze the debt-restructuring processes of developing countries or prevent states from exercising their right to protect their citizens under international law”, according to a release from the Argentine embassy in London.

• Saturday, August 16th 2014 - 08:32 UTC

  Argentine official inflation in July, 1.4% and 16.7% in first seven months

  

  Argentine inflation rose 1.4% during July leaving consumer prices 16.7% higher than at the beginning of the year, official data showed on Friday. The July index was slightly higher than the 1.3% of June and confirms Argentina is experiencing one of the highest inflation rates in the world and only second to Venezuela in Latin America.

• Friday, August 15th 2014 - 07:13 UTC

  Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

  

  Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.