Argentina

Tuesday, August 27th 2013 - 01:13 UTC
Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.
Monday, August 26th 2013 - 03:01 UTC
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.
Monday, August 26th 2013 - 02:49 UTC
Some 60% of Argentine children in urban areas suffer deficit of basic rights

Almost 60%, more precisely, 59.1%, of Argentine children in urban areas suffer lack of coverage in their basic rights, according to a release from the Argentine Catholic University referred to infancy rights and included in the latest Social Debt Barometer report.
Monday, August 26th 2013 - 02:10 UTC
Cristina Fernandez will not bid for presidency in 2015, ‘under no circumstances’

The head of a powerful union supportive of the Argentine government said that during the recent ‘social dialogue round’ held in Rio Gallegos with business and labour leaders President Cristina Fernandez affirmed with no margin of doubt that she will not be bidding for the presidency in 2015.
Friday, August 23rd 2013 - 23:22 UTC
Falklands reviewing tax returns from oil industry but confident ‘an acceptable outcome can be reached’

The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.
Friday, August 23rd 2013 - 23:18 UTC
Falklands’ lawmaker begins round of contacts in Brazil’s main cities

Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
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.