Tag: Argentina

• Tuesday, August 11th 2015 - 07:55 UTC

  Argentina wins a battle in its ongoing struggle with hedge funds

  

  Argentina on Monday won a battle in its ongoing struggle with hedge funds holding sovereign bonds. In this case Argentina managed the reversal of a U.S. judge's ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.

• Tuesday, August 11th 2015 - 07:14 UTC

  Argentina will service 3.5bn dollars maturing next October with bank reserves

  

  Argentina confirmed it will be using Central Bank foreign-currency reserves to service more than US$3.5 billion dollars in international debt that matures in October. The confirmation came through an announcement in the Official Gazette, signed by President Cristina Fernández, Cabinet Chief Anibal Fernández and Economy Minister Axel Kicillof.

• Monday, August 10th 2015 - 07:28 UTC

  Argentine primaries added more expectations to October 25 first round vote

  

  The Cristina Fernandez administration candidate Daniel Scioli, as anticipated, was the presidential hopeful with most votes in Argentina Sunday's open, simultaneous and mandatory primaries, (PASO), in which the different parties chose those who will lead them into the 25 October election to elect the head of the Executive, half the Lower House and a third of the Senate.

• Monday, August 10th 2015 - 07:20 UTC

  Pope Francis criticizes destruction of forests to plant soy bean

  

  Pope Francis criticized the destruction of forests in order to plant soy in an interview with an Argentine radio station on Saturday, reinforcing his message that the environment should take precedence over financial gain.

• Monday, August 10th 2015 - 07:12 UTC

  Argentine seafood landings drop 7.1% in first half of 2015; squid, 24.1%

  

  Argentine seafood landings fell by 7.1% in the first half of this year compared to the same period of 2014, according to the latest statistics from the country's Under Secretariat of Fisheries and Aquaculture. Squid catches were down 24.1%.

• Saturday, August 8th 2015 - 08:54 UTC

  Argentine embassy in US launches website on the struggle with 'vulture funds'

  

  The Argentine Embassy in the United States has launched a website to explain the conflict between Argentina and holdout investors commonly referred to as “vulture funds”. The website explains the origins of the conflict, its history, and provides documents and expert opinions on the subject. Its virtual library has until now over 200 documents and 100 independent sources.

• Saturday, August 8th 2015 - 08:30 UTC

  Argentine mandatory primaries on Sunday: 32 million entitled to vote

  

  Electoral silence has started ahead of the PASO primary elections (Open Simultaneous, Mandatory Primaries) that will take place on Sunday when Argentines will cast their ballots to choose their candidates to compete in October’s general run, including the successor of president Cristina Fernandez.

• Friday, August 7th 2015 - 07:54 UTC

  Falklands-born candidate says he has sufficient credentials to be a Mercosur parliament member

  

  Falkland Islands born and pre-candidate for the Mercosur Parliament in representation of a Tierra del Fuego political party, Alejandro Betts, underlined his diplomatic experience in international forums and meetings with 30 presentations, including those at the annual UN Decolonization Committee or C24 in New York.

• Friday, August 7th 2015 - 07:38 UTC

  Argentina's worst terrorist (AMIA, 1994) attack trial takes off

  

  Argentina's Cabinet Chief Anibal Fernández hoped the AMIA cover-up trial that began on Thursday in Buenos Aires enables to find a “hint on the local connection” that paved the way for Argentina’s worst terrorist attack to take place 21 years ago.

• Friday, August 7th 2015 - 06:53 UTC

  YPF profits up, but no new joint-ventures in sight to develop Patagonia shale

  

  Argentina's state-managed energy firm YPF posted a second quarter net income of 2.297 billion pesos ($252.8 million) on Wednesday, a 50.5% increase on the same period last year. YPF earnings have been cushioned from the collapse of international oil prices by a government-controlled price for oil produced in the country, which sits at about $78 dollars per barrel.