New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.
Argentina and Spain agreed on Thursday to team up to pressure Britain to discuss their separate claims on British territories: the Falklands in the south Atlantic and Gibraltar near the southern tip of Spain.
Argentina is on track to harvest more wheat this season as greater acreage and coming warm weather should offset any yield loss caused by recent frosts that hit in the last days of the Southern Hemisphere winter.
Argentina’s 2013/14 soybean crop will be above 50 million tons while corn can be expected to reach 30 million tons, according to the country’s Agriculture minister Norberto Yauhar, based on preliminary production estimates. The minister also advanced that caps on wheat and corn exports could be lifted in the near future.
In her speech to the 68th United Nations General Assembly on Tuesday Argentine President Cristina Fernandez stressed that regulating the financial markets is a human rights issue and claimed that Argentina has been a repeat victim of shady financial entities such as the 'vulture funds', despite having repeatedly proved it is prepared to honour debt commitments.
President Cristina Fernandez during her speech to the UN General Assembly said she hoped that the new Government in Iran would cooperate with Argentina in relation to the clarification of the attack on the Asociación Mutual Israelita Argentina (AMIA) in Buenos Aires in 1994.
Argentine President Cristina Fernández used Tuesday’s speech in before the UN General Assembly to once more criticize British military movements in the South Atlantic, condemning the use of nuclear submarines around the disputed Falklands/Malvinas Islands.
Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.
Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.
Argentina’s trade balance collapsed 60% during August compared to a year ago because of stagnant exports and the doubling of energy imports according to the latest release from the government’s stats office, Indec.