Politics

• Friday, August 15th 2014 - 07:13 UTC

  Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

  

  Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.

• Friday, August 15th 2014 - 06:51 UTC

  Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

  

  The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.

• Friday, August 15th 2014 - 06:47 UTC

  New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

  

  The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

• Friday, August 15th 2014 - 06:44 UTC

  Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

  

  July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

• Friday, August 15th 2014 - 06:34 UTC

  Mujica, Latin America's most original leader according to The Economist

  

  Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.

• Friday, August 15th 2014 - 02:21 UTC

  Last minute decision saved Marina Silva from travelling with Campos

  

  Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

• Friday, August 15th 2014 - 02:15 UTC

  Unasur Montevideo summit planned for next week, suspended until October

  

  A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.

• Thursday, August 14th 2014 - 14:48 UTC

  Glasgow shipyard awarded contract for Royal Navy's offshore patrol vessels

  

  The offshore patrol vessels (OPVs), which will be used by the Royal Navy to undertake various tasks in support of UK interests both at home and abroad, will be built at BAE Systems’ shipyards in Glasgow.

• Thursday, August 14th 2014 - 06:44 UTC

  Aurelius Capital confirms no deal with banks on Argentina's bonds

  

  Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.

• Thursday, August 14th 2014 - 06:34 UTC

  Talks between global banks and Argentine creditor hedge fund “collapsed”

  

  Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.