Tag: Argentina

• Saturday, April 23rd 2016 - 10:26 UTC

  Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over

  

  US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt.

• Friday, April 22nd 2016 - 07:48 UTC

  Singer praises Macri and calls him a great 'reformist' in a Time weekly column

  

  United States hedge fund billionaire Paul Singer is a big fan of Argentina’s new president. For one thing, Mauricio Macri doesn’t call him a “vulture lord” or a “bloodsucker,” as his predecessor Cristina Fernández did. More important, the newly elected Macri recently paid Singer’s firm US$2.28 billion in debt.

• Thursday, April 21st 2016 - 12:07 UTC

  Argentine bill proposes 25% higher penalties for attacks on a teacher

  

  An attack on a teacher would be punished with higher penalties than an attack on any other citizen under proposals in Argentina to raise the status of teaching. It is believed to be the first time teachers would have been given a special legal protection in this way.

• Thursday, April 21st 2016 - 11:49 UTC

  Monsanto in collision course with the administration of president Macri

  

  Monsanto has rejected a request by Argentina for more time to collect monies owed by small farmers for royalties on genetically modified soybean seeds. Argentine agricultural minister Ricardo Buryaile and members of his staff have met with Monsanto representatives, including chief operating officer Brett Begemann to request a waiver on the monies owed.

• Thursday, April 21st 2016 - 10:49 UTC

  Reporters organization questions media ownership concentration in Argentina

  

  Reporters Sans Frontières (RSF) international organization questioned the abrogation of Argentina’s media law decided by the administration of President Mauricio Macri, warning the new legislation that creates the Enacom agency “favors” concentration of media ownership in the country.

• Thursday, April 21st 2016 - 05:11 UTC

  Chile downplays Argentina's continental shelf extension which included Falklands and Antarctic territory

  

  A strong controversy is expected following statements from Chilean officials who downplayed the significance of the recent UN continental shelf maritime extension referred to Argentina and which included the Falklands, South Atlantic Islands and Antarctica territory.

• Wednesday, April 20th 2016 - 07:10 UTC

  Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

  

  “You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds.

• Wednesday, April 20th 2016 - 06:58 UTC

  Argentina makes emerging-market record US$ 16.5b debt sale and ends litigation with bondholders

  

  Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.

• Tuesday, April 19th 2016 - 09:28 UTC

  Chile admits differences with the 'new map of Argentina' which extends maritime outer limits

  

  Punta Arenas daily La Prensa Austral points out that a 'controversy is brewing' following the recent 'new map of Argentina' presented by foreign minister Susana Malcorra expanding the outer limit of the country's continental platform according to the UN Commission on the Limits of the Continental Shelf, CLCS.

• Tuesday, April 19th 2016 - 08:47 UTC

  Spectacular Argentine return to money markets: bond issue subscribed several times

  

  Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.