Tag: Argentina

• Friday, March 27th 2015 - 08:46 UTC

  European clearing houses close trading bridges on Argentine law bonds

  

  Clearing houses Euroclear and Clearstream have closed trading bridges on some 9.4 billion of Argentine bonds issued under the country's law. The action will prevent Euroclear customers from settling their trades with Clearstream clients and vice versa, but will not affect trading between customers belonging to the same clearing company, the same source said.

• Friday, March 27th 2015 - 07:23 UTC

  Argentina denies purchase of Russian aircraft but admits the Chinese option

  

  Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.

• Thursday, March 26th 2015 - 09:20 UTC

  Argentina considers Citigroup deal with US Judge Griesa could have violated local law

  

  Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

• Thursday, March 26th 2015 - 08:22 UTC

  Griesa blocks Euroclear from processing any Argentina bonds payments

  

  New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing “any payments received from any source” in respect to Argentine bonds.

• Thursday, March 26th 2015 - 07:48 UTC

  Falklands' defense expenditure increase' will be taken before the UN, says Argentina

  

  Argentina will take the United Kingdom before the United Nations Decolonization Committee following London's announcement it was increasing expenditure on the Falkland Islands defense, said Foreign minister Hector Timerman on Wednesday.

• Wednesday, March 25th 2015 - 07:30 UTC

  New York Court of Appeals delays decision on Argentina's contempt of court

  

  The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.

• Wednesday, March 25th 2015 - 06:53 UTC

  Pro and against Kirchner rallies on 29th anniversary of 1976 military coup

  

  Human rights, political and social organizations commemorated on Tuesday 24 March the 29th anniversary of the military dictatorship that killed anywhere from 9.000 to 30,000 people, marking the beginning of one the darkest period in Argentina's modern history.

• Wednesday, March 25th 2015 - 06:39 UTC

  Argentina as a 'live threat' to the Falklands, triggers fury from Buenos Aires

  

  The government of President Cristina Fernandez accused the United Kingdom of using an alleged Argentine threat to the Falkland/Malvinas Islands in order to boost its military budget, while also claiming that the archipelago has been turned into an electoral campaign issue.

• Wednesday, March 25th 2015 - 06:27 UTC

  Falklands: no surge in troop numbers but upgraded infrastructure and £180 million in ten years

  

  United Kingdom Defense Secretary Michael Fallon has dispelled media reports suggesting a surge in troop numbers was likely. Fallon on Tuesday outlined £180 million infrastructure spending plans, but told MPs numbers would remain at around 1,200 military and civilian personnel.

• Tuesday, March 24th 2015 - 05:16 UTC

  Holdouts of Argentine-law bonds 'reach agreement' with Griesa and Citibank

  

  Paul Singer-controlled NML Capital said that the hedge fund, as well as other holders of Argentine debt, made a deal with Citibank regarding the legal dispute at New York courts over Argentine-law bonds.