Argentina

• Saturday, May 31st 2014 - 06:50 UTC

  Argentina tells Judge Griesa it has no plans to evade paying holdouts

  

  Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.

• Saturday, May 31st 2014 - 06:42 UTC

  IMF and Argentina/Paris Club deal: “we hope they continue that process”

  

  IMF managing director Christine Lagarde touring east Africa, on Friday cautiously welcomed steps taken by Argentina to settle a decade-old falling out with creditors, following a 9.7bn dollars five year repayment deal reached this week.

• Saturday, May 31st 2014 - 06:25 UTC

  Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

  

  Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.

• Friday, May 30th 2014 - 05:28 UTC

  Argentina can resume business with country export credit agencies, following Paris Club deal

  

  Argentine president Cristina Fernandez praised on Thursday the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”

• Friday, May 30th 2014 - 05:11 UTC

  France praises Argentina's agreement with Paris Club and normalization efforts

  

  French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”

• Thursday, May 29th 2014 - 06:35 UTC

  Argentina and Russia ratify close links; Moscow reaffirms Malvinas claim support

  

  Argentina was formally invited to take part in a BRICS summit to be held in Brazil next month. The Kremlin also ratified support to Buenos Aires in its long-standing dispute with the UK over the sovereignty of the Malvinas Islands.

• Thursday, May 29th 2014 - 06:26 UTC

  Argentina is the most protectionist country of the region” claims Astori

  

  Uruguay's vice-president Danilo Astori said that Argentina is “the most protectionist country in the region” and again questioned the effectiveness of Mercosur arguing that Uruguay can't forget the region but can't be expected to remain idle.

• Thursday, May 29th 2014 - 06:07 UTC

  Buenos Aires City households need 1.300 dollars per month; 25% don't make that sum

  

  A family living in Argentina's capital, Buenos Aires needs 10.454 Pesos to make it to the end of the month, according to the city's stats and census office. The average household refers to a couple with two children, that pays rent and does not include transport, private education or health care.

• Thursday, May 29th 2014 - 05:37 UTC

  Argentina announces an understanding with the Paris Club on defaulted debt

  

  Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

• Thursday, May 29th 2014 - 00:35 UTC

  Three Latam presidents among Forbes list of 25 most powerful women

  

  Brazil, Argentina and Chile presidents figure among the list of the 25 most powerful women in the world according to the latest release from Forbes. Dilma Rousseff ranks in fourth place, Cristina Fernandez 19 and Michele Bachelet, 25. Only nine heads of state figure in the 100 names list.