Economy

Thursday, September 25th 2014 - 05:06 UTC
Argentina publicly adds Germany to its list of 'hostile countries'

Argentine Cabinet Chief Jorge Capitanich on Wednesday lashed out at Germany's finance minister, denouncing Berlin's “hostile attitude” toward Argentina's debt restructuring effort. He added that Germany had always had a hostile attitude toward Argentina from an economic and financial point of view.
Thursday, September 25th 2014 - 03:17 UTC
Falklands/Malvinas: Cristina Fernandez demands dialogue at UN and blasts Security Council

President Cristina Fernández addressing on Wednesday the United Nations General Assembly said Argentina, in the context of a complex world situation, has become a triple leading case, (vulture funds, terrorism) and one referred to 'the use of force and territorial integrity', more specifically the pending dispute with the United Kingdom over the Falklands/Malvinas.
Thursday, September 25th 2014 - 03:14 UTC
Brazil scrambles to support the Real; as Dilma recovers in the polls the currency falls

Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.
Wednesday, September 24th 2014 - 15:55 UTC
Argentia economic situation can become 'harmful' for the region says Moody's

Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.”
Wednesday, September 24th 2014 - 15:50 UTC
WTO lowers global goods trade growth for this year and 2015

Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said today.
Wednesday, September 24th 2014 - 15:44 UTC
Marina blasts Dilma Rousseff for not supporting UN deforestation dead line initiative

Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.
Tuesday, September 23rd 2014 - 10:48 UTC
Argentine Peso faces a turbulent start of the week with new records

The beginning of a turbulent week for Argentina's money exchange market with the informal or 'blue' dollar climbing to 15,15 Argentine Pesos, while the official rate was up one cent to 8,45 Pesos in Buenos Aires banks and foreign exchange offices.
Tuesday, September 23rd 2014 - 06:23 UTC
British Airways cuts weekly London/Buenos Aires direct flights to five a week

British Airways will be eliminating two direct flights between Buenos Aires and London beginning 31 March 2015, meaning the weekly schedule will be cut from seven to five flights, mainly because of a drop in the number of passengers.
Tuesday, September 23rd 2014 - 06:14 UTC
“Citibank has no gun to its head, but the Argentine law”, said Kicillof

Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.
Tuesday, September 23rd 2014 - 05:54 UTC
Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds

New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.