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MercoPress, en Español

Montevideo, June 10th 2026 - 10:21 UTC

Politics

  • Friday, November 7th 2014 - 23:08 UTC

    English court involved in Argentine bonds dispute with hedge funds

    The lawsuit involves 226m Euros interest payments on Euro-denominated Argentine bonds issued under English law. One of the litigants is George Soros

    A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.

  • Friday, November 7th 2014 - 22:51 UTC

    Argentina targets yet another US company on alleged tax fraud

    Allegedly GE carried out illegal operations that cost Argentina an unnecessarily large number of dollar reserves and a reduced taxation income

    US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits.

  • Friday, November 7th 2014 - 22:44 UTC

    Despite Rousseff, extreme poverty grows for the first time in a decade

    Between 2001 and 2012 Brazil cut extreme poverty from 14% of the population to 3.5%, according to the United Nations State of Food Insecurity report

    The number of Brazilians living in extreme poverty grew for the first time in a decade, according to government figures. The Institute of Economic Research reported that the number of people in households with incomes below the poverty threshold of 30 dollars rose from 10.1 to 10.5 million people, which means a 3.7% increase.

  • Friday, November 7th 2014 - 05:11 UTC

    ECB ready to give the Euro zone further economic stimulus

    The ECB's attempt to kick some life into the sluggish Euro zone economy is to buy covered bonds and other assets for two years.

    The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the Euro zone further economic stimulus “should it become necessary”. The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures.

  • Thursday, November 6th 2014 - 21:50 UTC

    Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

    MLA Roger Edwards in a letter to The Guardian said that Filmus statement is 'yet another futile example of the Argentine Government’s futile efforts to damage the Falklands economy'

    The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”

  • Thursday, November 6th 2014 - 08:02 UTC

    Australia confident of Antarctic Marine Protected Areas approval in 2015

    “While Australia is disappointed consensus was not achieved, we are pleased about the constructive nature of the discussions” Dr Fleming said.

    Australia will continue to push for Marine Protected Areas (MPAs) off East Antarctica despite the proposal not being adopted at the annual Commission for the Conservation of the Antarctic Marine Living Resources, (CCAMLR) which last month met in Hobart, Tasmania.

  • Thursday, November 6th 2014 - 07:52 UTC

    YPF manages significant increases in output and profits in the third quarter

    “We are meeting our goals and continue to show results that line up with our plan for the next five years,” said YPF CEO Miguel Galuccio.

    Argentina's state-controlled oil firm YPF hydrocarbons' production in the third quarter increased by 15.4% from a year earlier to 573,000 b/d of oil equivalent (boe/d). The rise in production translates into a 13.9% increase from a year earlier for the first nine months of the year to 553,000 boe/d.

  • Thursday, November 6th 2014 - 07:37 UTC

    US soybean crushers claim Argentine export taxes distort the market

    Argentina’s DET's system creates economic incentive for processing the beans in the country and exporting the value-added products rather than the raw beans

    The American Soybean Association, the National Oilseed Processors Association and the North American Export Grain Association sent comments last week to the U.S. Trade Representative identifying significant barriers to U.S. exports, particularly on the trade distorting impact of Argentine Differential Export Taxes, or DETs, and the artificial advantage provided to soybean products exported from that country.

  • Thursday, November 6th 2014 - 07:22 UTC

    Argentina and hedge fund NML Capital ratify their commitment to keep fighting

    “If someone thinks that on January first Argentina will go on its knees to negotiate with vulture funds, he is getting it all wrong” said Vanoli, central bank chief

    Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.

  • Thursday, November 6th 2014 - 06:45 UTC

    Cristina Fernandez 'stable' in hospital but will miss G20 summit in Australia November 15/16

    After hospitalization Cristina Fernandez will have to rest in the Olivos presidential residency for at least ten days.

    Argentine President Cristina Fernández has completed her third day in the Otamendi hospital after falling ill with a bacterial infection, according to the report released by the presidential Medical Unit.