Argentina

Friday, August 23rd 2013 - 23:15 UTC
“Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.
Friday, August 23rd 2013 - 23:12 UTC
Falklands’ oil companies banned 20 years from operating in Argentina by Cristina Fernandez

Four London AIM listed oil companies carrying out exploration work in Falkland Islands waters have been barred from operating in Argentina. The measure affects Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas.
Friday, August 23rd 2013 - 03:30 UTC
Malvinas alleged ‘militarization’ again the obsession of Cristina Fernandez at anti-nuclear conference

During an anti-nuclear weapon conference held in Buenos Aires, Argentine President Cristina Fernández criticised the right to veto used by the five permanent members of the United Nations Security Council which she described as an “out of time” instrument and again attacked the UK for ‘sending nuclear submarines’ to the Falkland Islands and called for a region of peace in the South Atlantic.
Thursday, August 22nd 2013 - 23:43 UTC
China will build and finance two dams in Patagonia equivalent to 10% of Argentine power demand

Argentina's government this week awarded a 4 billion dollars contract for the construction of two hydroelectric dams to a consortium led by China Gezhouba (Group) Co. and which includes Argentine firms Electroingenieria SA and Hidrocuyo SA.
Thursday, August 22nd 2013 - 00:44 UTC
‘Positive meeting’ of Cristina Fernandez with business, bank and union leaders

Leaders of some of Argentina's most important business groups praised the meeting held in Rio Gallegos with president Cristina Fernandez, where the head of state spoke with representatives of companies, banks and unions for more than three hours.
Thursday, August 22nd 2013 - 00:40 UTC
Argentina purchases Chinese equipment to improve the railway system

Argentina approved a contract to purchase railway equipment from a Chinese firm, said the government gazette. The contract was signed by the Argentine Ministry of the Interior and Transportation and the Chinese firm CSR Qingdao Sifang Co, Ltd on May 23, 2013 and officially approved with Administrative Decision 584/2013.
Thursday, August 22nd 2013 - 00:39 UTC
Argentina’s trade surplus down 40% in July; unemployment fell to 7.2%

Argentina's trade surplus shrank by 40% in July from a year earlier as surging fuel and auto imports increased pressure on President Cristina Fernandez government's system of currency controls. However the unemployment rate in the second quarter fell to 7.2% according to official data.
Thursday, August 22nd 2013 - 00:37 UTC
China’s CNOOC and Dow in line to sign agreements to develop Argentina’s shale deposits

YPF, the energy company in which Argentina holds a majority stake said its next shale oil and gas partnership will be with a group including China’s Cnooc. A deal is expected to be signed sometime next month.
Wednesday, August 21st 2013 - 18:55 UTC
Falklands: Ambassador Castro says comments on PM Cameron were ‘taken out of context’

Argentina's ambassador to Britain said on Wednesday she had not meant to offend British Prime Minister David Cameron when she called him “dumb” and his handling of the long-running dispute over the Falkland Islands “foolish and totally useless”.
Wednesday, August 21st 2013 - 18:50 UTC
Chile/Argentina row: Lan Chile evicted from Buenos Aires metropolitan terminal

Chilean president Sebastián Piñera has instructed Foreign minister Alfredo Moreno to immediately contact Argentine authorities following the decision by the government of President Cristina Fernandez ordering Lan Chile to move out from the metropolitan airport of Aeroparque in Buenos Aires.