Argentina

• Saturday, September 14th 2013 - 01:27 UTC

  Energy deficit is Argentina has become dramatic, admits YPF CEO Galuccio

  

  Argentina’s oil and gas corporation YPF CEO Miguel Galuccio admitted that the ‘energy deficit’ of Argentina has become a serious challenge since the country has started to face a serious shortage of light oil for refining.

• Friday, September 13th 2013 - 20:50 UTC

  Argentina formally requests US Supreme Court to review Appeals court favoring holdout hedge funds

  

  Argentina’s legal representation in Washington DC yesterday sent a petition for a writ of certiorari to the United States’ Supreme Court, requesting Justices to accept its appeal against the Second Circuit Court of Appeal’s ruling in favour of holdout hedge funds, which are demanding full repayment for bonds left unpaid by Argentina’s record-breaking 2002 default.

• Friday, September 13th 2013 - 20:36 UTC

  Falklands: despite MPs criticisms, “UK government wants full bilateral relationship with Argentina”

  

  A British Conservative Member of Parliament Henry Smith labeled Argentine president Cristina Fernandez as ‘disgraceful’ for how she has treated the people of the Falkland Islands and also claimed she stopped an Argentine prosecutor from testifying before the US congress on the Buenos Aires 1994 bombing of an Israelite mutual association in order to protect a growing alliance with Iran.

• Friday, September 13th 2013 - 02:29 UTC

  Aerolineas Argentinas admits to annual losses of 250 million dollars

  

  Argentina’s flag carrier Aerolíneas Argentinas will have this year an operational deficit of 250 million dollars, approximately 12% of sales, but a sharp decrease from the 640 million loss last year, said CEO Mariano Recalde addressing Senate Budget, Finance, Infrastructure, Housing and Transport committees.

• Friday, September 13th 2013 - 02:16 UTC

  Argentina confirms that the Malvinas question has become a Latinamerican strategy issue

  

  Javier Figueroa head of the Malvinas Desk at the Argentine Foreign ministry said that it is strategic to make the “Malvinas question” a Latinamerican issue. Figueroa made the statement during a meeting of Central America and Caribbean Malvinas Solidarity groups which opened Thursday in Havana.

• Friday, September 13th 2013 - 01:38 UTC

  Argentina has access to 1.5bn dollars from IDB to improve metropolitan railways

  

  The Inter-American Development Bank (IDB) approved a conditional credit line for 1.2 dollars billion to finance a program to improve metropolitan railroads in Argentina. The Bank also approved the first loan in the credit line for 300 million dollars for the Plaza Constitucion-La Plata branch of the General Roca railroad, which will benefit 2.4 million people in the Buenos Aires metropolitan area.

• Friday, September 13th 2013 - 01:34 UTC

  Argentina forecasted to expand 5.1% this year and 6.2% in 2014, says budget presented to Congress

  

  Argentina's economy is expected to grow 6.2% next year, while GDP in 2013 is forecasted to expand 5.1% boosted by a massive grains harvest and the automobile industry, Economy Minister Hernan Lorenzino said on Thursday while presenting the 2014 budget bill before Congress.

• Thursday, September 12th 2013 - 05:07 UTC

  US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

  

  The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.

• Thursday, September 12th 2013 - 01:55 UTC

  Spanish government recommends Repsol ‘negotiations’ with Argentina over YPF

  

  Spanish Foreign minister Jose Manuel Garcia-Margallo said that the ‘best solution’ for Spain and Argentina on the dispute over the seizure of a majority stake of YPF from Repsol is “negotiations” and emphasized that Madrid will back Spanish corporations in what it ‘considers convenient’.

• Thursday, September 12th 2013 - 01:49 UTC

  Argentina thanks Paraguay for granting General Peron asylum in 1955

  

  The government of President Cristina Fernandez thanked Paraguay for granting political asylum to Juan Domingo Peron, three times elected president of Argentina, at their embassy in Buenos Aires, when he was ousted by a military coup in September 1955