Argentina

• Friday, May 9th 2014 - 07:11 UTC

  Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

  

  Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.

• Friday, May 9th 2014 - 07:01 UTC

  Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

  

  Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.

• Friday, May 9th 2014 - 02:18 UTC

  Falklands' governor interview triggers immediate reaction from Argentina

  

  Falklands Island's' newly inaugurated governor Colin Roberts phone interview with a Buenos Aires media website released this week has had a great impact in Argentina and as it could be expected received an immediate reply from Hector Timerman's Foreign Affairs ministry, which undoubtedly read every line and every word of the transcript.

• Thursday, May 8th 2014 - 04:57 UTC

  Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

  

  Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.

• Thursday, May 8th 2014 - 04:34 UTC

  Grim outlook for Argentine industry according to auto industry and Moody's

  

  An estimated 12.000 workers from the auto industry and auto-parts manufacturing have been sent home on anticipated vacations or because of lesser working days, according to the mechanics union SMATA, a figure consistent with the level of domestic market sales and exports. However the industry leaders and unions have warned that the situation is set to worsen in coming months.

• Thursday, May 8th 2014 - 04:30 UTC

  Argentine manufacturers send a strong disappointment message to government

  

  The Argentine Industrial Union, UIA, the country's manufacturers strongest lobby released the results of a poll on Wednesday warning about the lower level of economic activity expected this year. The poll covered 300 corporations belonging to the organization and forecasts no jobs creation and abundant layoffs.

• Wednesday, May 7th 2014 - 23:26 UTC

  UK MPs hosted at the Argentine embassy in London with a typical barbecue

  

  The Argentine Ambassador to the United Kingdom, Alicia Castro, underlined “the importance of dialogue and the historical and cultural ties that link Argentina with Wales” when she hosted this week a traditional Argentine barbecue at the Ambassador´s residence in London for a delegation of British parliamentarians who visited Argentina in March.

• Wednesday, May 7th 2014 - 23:07 UTC

  Falkland Islands and Crimea the new cold war

  

  In an article for Penguin News, distinguished political and scientific Bulgarian author Dr Lyubomir Ivanov (*) discusses the Crimean conflict and its parallel with the Falklands.The Argentine President Cristina Kirchner praised the recent Crimean status referendum as, “one of the famous referendums of self-determination.”

• Tuesday, May 6th 2014 - 07:49 UTC

  Argentines pessimistic about jobs, household income and mid-term prospects

  

  A pessimistic mood has taken over in Argentina, according to a recent public opinion poll and report on jobs, household income, and mid-term prospects, according to the latest economic expectations index, IGEE from the Catholic University supported by pollster TNS-Gallup.

• Tuesday, May 6th 2014 - 06:32 UTC

  India, Brazil and South Africa want Argentina to join the BRICS club

  

  India, Brazil and South Africa are interested in having Argentina join the BRICS group of emerging economies which also includes Russia and China, according to Indian ambassador in Buenos Aires Amarenda Khatua in an interview with Clarin.