Argentina

• Friday, March 28th 2014 - 08:29 UTC

  Argentina begins natural gas and water subsidies reduction in three stages

  

  Argentina will cut expensive natural-gas and water subsidies this year which will have an increase impact in utilities' rates between 20% and 80% on average. The gas and water subsidies reduction will reach 80% of top consumers and the accumulative impact will range from the equivalent of 2.5 to 102 dollars, said the Ministry of Economy in a release.

• Friday, March 28th 2014 - 08:16 UTC

  Argentine wine from small grape farmers for Pope Francis masses

  

  The wine used for the masses of Pope Francis will be made using grapes from small Argentine producers with 500 liters of the drink already in production, according to a report from the Project for the Integration of Small Producers in the Viticulture Chain (PROVIAR).

• Friday, March 28th 2014 - 06:22 UTC

  Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

  

  Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.

• Thursday, March 27th 2014 - 08:38 UTC

  US Supreme Court confirms Argentina has friends in its litigation with hedge funds

  

  The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.

• Thursday, March 27th 2014 - 08:02 UTC

  Argentina issues 10bn Pesos in bonds to drain liquidity and contain inflation

  

  Argentina's government will issue as much as 10 billion pesos (1.25 billion dollars) in bonds on Friday as it seeks funding from local investors and tries to drain liquidity from the local market as the harvest season approaches when traders begin selling the dollars of overseas shipments of grains and oilseeds.

• Thursday, March 27th 2014 - 07:55 UTC

  Malvinas affairs official meets with Pope Francis and talks about Falklands' dialogue

  

  Pope Francis showed an interest on the Falklands/Malvinas question negotiations during a meeting on Wednesday at the Vatican with Daniel Filmus chairman of Issues relative to the Malvinas Islands secretariat, according to Argentine sources which gave the event a great coverage. The meeting was in the framework of Wednesdays open audience at St Peter's square, when an estimated 50.000 people attend the ceremony.

• Wednesday, March 26th 2014 - 07:49 UTC

  Putin rings Cristina Fernandez to praise her Falklands/Crimea double-standard argument

  

  Russia’s Vladimir Putin called President Cristina Fernández and praised Argentina’s position against the “double standard” of world powers in the resolution of international conflicts. The Argentine leader appealed to the examples of Crimea and the Falkland Islands' referendum in her statements last week in France.

• Wednesday, March 26th 2014 - 05:54 UTC

  NML Capital targets Argentina's contract for satellite launches with private US company

  

  An Argentine bondholder seeking to collect on hundreds of millions of dollars in judgments stemming from the country's historic 2002 default filed a lawsuit on Tuesday aiming to take control of the country's rights under a contract for satellite launches with a private US firm.

• Wednesday, March 26th 2014 - 05:33 UTC

  Country and organizations support for Argentina's litigation with hedge funds increases

  

  Argentina underlined the support from Brazil, France, Mexico, (even the IMF), among other institutions in the country's long exhausting litigation with hedge funds, an issue which is “crucial for Argentina and the whole international financial system”.

• Tuesday, March 25th 2014 - 09:06 UTC

  Argentina ready to sign for the Israeli Kfir Block 60 fighter aircraft

  

  Argentina is advancing in negotiations with Israel for the purchase of the multi-purpose combat aircraft Kfir Block 60, which is supposed to replace the aging Mirage III, on service for over four decades.