Argentina

• Wednesday, July 2nd 2014 - 07:53 UTC

  “Vulture funds not interested in negotiations” claims Minister Kicillof

  

  “Vulture funds are not interested in negotiations”, and all they want is “to get hold of the money for re-structured bonds holders”, said Argentina's Ministry of Economy in a release made public late Tuesday, the last exchange on the ongoing battle in a New York court with holdout hedge funds.

• Wednesday, July 2nd 2014 - 07:04 UTC

  Former Argentine minister blasts Cobos for Falklands trip; passport controversy

  

  Argentina's former foreign minister Jorge Taiana described lawmaker and presidential hopeful Julio Cleto Cobos current visit to the Falkland Islands totally “irresponsible” and 'without consultation'. He also blasted the fact that the lawmaker would have his Argentine passport stamped by the government of the Falkland Islands.

• Wednesday, July 2nd 2014 - 00:13 UTC

  Data confirms Argentina's economy has slid into recession

  

  Argentina’s economic activity index (EMAE), which is seen as a close proxy of GDP, fell 0.5% in April compared with the same month last year, according to data released by the government's stats office Indec. Nonetheless activity went up 0.6% in April compared to March.

• Tuesday, July 1st 2014 - 23:57 UTC

  Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

  

  One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding.

• Tuesday, July 1st 2014 - 14:59 UTC

  Holdout hedge funds claim Argentina never turned up to negotiate a settlement

  

  Holdout investors involved in litigation with Argentina over sovereign debt said on Monday they have not met with the government to negotiate a settlement on defaulted debt, and accused Buenos Aires of refusing to enter talks as a 30-day countdown to default begins.

• Tuesday, July 1st 2014 - 07:21 UTC

  Kicillof will talk about Argentina's debt case before OAS foreign ministers

  

  The OAS Permanent Council, responding to an Argentine request, agreed to convene a Meeting of Consultation of Ministers of Foreign Affairs on Thursday, July 3 the headquarters of the OAS in Washington DC to discuss “Sovereign Debt Restructuring: The Case of Argentina and its Systemic Consequences.”

• Tuesday, July 1st 2014 - 07:14 UTC

  Argentina confirmed Monday 7 July negotiations with hedge funds as instructed by Griesa

  

  Argentina confirmed that next Monday, 7 July it will hold a meeting with “Judge Thomas Griesa delegate, Daniel Pollack”, in the framework of the current litigation with speculative funds, according to a Monday release from the Ministry of Economy in Buenos Aires.

• Monday, June 30th 2014 - 05:47 UTC

  OAS Permanent council expected to consider Argentina/hedge funds conflict

  

  The Argentina litigation with holdout hedge funds will have an additional ingredient this Monday when the Organization of American States, OAS, Permanent Council holds an extraordinary session, on a special request from Argentina, to consider a consultation meeting of foreign ministers to address the issue of sovereign debt restructuring.

• Monday, June 30th 2014 - 05:32 UTC

  Falklands becomes launching pad for Argentine presidential hopeful campaign

  

  The Argentine 2015 presidential campaign has reached the Falkland Islands. Presidential hopeful and former Vice-president Julio Cleto Cobos is currently visiting the Falklands where he arrived on Saturday on the Lan Chile weekly flight and will spend the rest of the week in the Islands.

• Saturday, June 28th 2014 - 10:57 UTC

  Argentina claims Judge Griesa “blocked the payment to bondholders”

  

  Through an official press release published on Friday afternoon, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account.