Argentina

Thursday, November 6th 2014 - 07:37 UTC
US soybean crushers claim Argentine export taxes distort the market

The American Soybean Association, the National Oilseed Processors Association and the North American Export Grain Association sent comments last week to the U.S. Trade Representative identifying significant barriers to U.S. exports, particularly on the trade distorting impact of Argentine Differential Export Taxes, or DETs, and the artificial advantage provided to soybean products exported from that country.
Thursday, November 6th 2014 - 07:22 UTC
Argentina and hedge fund NML Capital ratify their commitment to keep fighting

Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.
Thursday, November 6th 2014 - 06:45 UTC
Cristina Fernandez 'stable' in hospital but will miss G20 summit in Australia November 15/16

Argentine President Cristina Fernández has completed her third day in the Otamendi hospital after falling ill with a bacterial infection, according to the report released by the presidential Medical Unit.
Wednesday, November 5th 2014 - 07:05 UTC
China rolling stock manufacturer to begin maintenance operations in Argentina

China’s rolling stock manufacturer China South Railway, CSR-Sifang will establish a presence in Argentina in a workshop currently ran by State-owned Trenes Argentinos Operadora Ferroviaria, Interior and Transport minister Florencio Randazzo announced on Tuesday.
Wednesday, November 5th 2014 - 04:30 UTC
US reply to Argentina: Soderberg's responsibilities as public servant not linked to bonds' dispute

The US Department of State has backed the appointment of Nancy Soderberg as Chair of the Public Interest Declassification Board (PIDB), saying her “responsibilities” as public servant are “not linked” with Argentina’s dispute with the holdouts, Argentina's Telam news agency reported.
Wednesday, November 5th 2014 - 03:43 UTC
Argentina appeals Judge Griesa's 'contempt of court' ruling

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.
Tuesday, November 4th 2014 - 05:05 UTC
Falklands have a per capita GDP “ten times higher than Argentina”

Argentina's financial daily, El Cronista Comercial has published two articles on the Falkland Islands based on data from the 2014 Statistical Yearbook stating that the Islands enjoy a GDP per capita several times higher than Argentina and that the economy has been expanding at 11% annually since 2008.
Tuesday, November 4th 2014 - 04:35 UTC
Ambassador Castro guest of Manchester City on a lucky derby Sunday

Argentine Ambassador Alicia Castro was invited by Manchester City Football Club for the game played on Sunday with the City's traditional rival, Manchester United.
Monday, November 3rd 2014 - 10:37 UTC
Argentina strips Procter & Gamble of its registration for alleged fiscal fraud

Argentina's tax office has stripped US multinational company Procter & Gamble of its registration for alleged fraud, the office announced on Sunday. The federal tax collection office, known as AFIP, has alleged that P&G evaded paying duties on imports from Brazil, billing through a Swiss subsidiary, in what it called potentially “aggravated contraband.”
Monday, November 3rd 2014 - 09:11 UTC
Argentina and Brazil elected to the UN Economic and Social Council

Argentina and Brazil were elected by the United Nations General Assembly as members of the UN Economic and Social Council, ESOCOC for a period of three years beginning next January first. Argentina received 182 out of 186 votes.