Tag: Argentina

• Wednesday, March 18th 2015 - 08:07 UTC

  Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

  

  Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.

• Wednesday, March 18th 2015 - 07:57 UTC

  Argentine jurist elected to head the UN Human Rights Committee

  

  Argentine jurist Fabian Salvioli was unanimously elected on Tuesday to lead the UN Human Rights Committee. The 51-year-old lawyer will be presiding over the UN body for one year. Salvioli has been a member of the UN Human Rights Committee since 2009.

• Wednesday, March 18th 2015 - 02:03 UTC

  Argentine candidate anticipates ‘dollars in excess’ if he is elected president in October

  

  An Argentine presidential hopeful Mauricio Macri has vowed to eliminate the restrictions on the purchase of foreign currency that the Cristina Fernandez has carried out since 2011, and anticipated there will be ‘dollars in excess’ if he gets elected president in October this year.

• Tuesday, March 17th 2015 - 07:39 UTC

  Cristina Fernandez manages to split the farmers’ united front after years of confrontation

  

  Argentine president Cristina Fernandez, on the campaign trail ahead of October’s national elections, announced on Monday the creation of a new fund which will reduce by up to 50% the 'retention' taxes on exportation rights paid by small and medium agriculture farmers.

• Tuesday, March 17th 2015 - 07:23 UTC

  Griesa rejects Citigroup petition to allow payment of bonds issued under Argentine law

  

  New York district judge Thomas Griesa has declined a request from the Citigroup bank to allow the entity to process the payment of Argentine bonds under local law while an appeal against the magistrate's negative ruling is being prepared.

• Sunday, March 15th 2015 - 02:33 UTC

  Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

  

  Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.

• Sunday, March 15th 2015 - 02:19 UTC

  The non humble fellow Argentines according to Pope Francis

  

  Pope Francis during one of the several interviews motivated by his two years in the Vatican, also referred to his fellow citizens in Argentina, which he described as non humble and on the contrary rather vain and arrogant.

• Sunday, March 15th 2015 - 01:10 UTC

  US ambassador in Argentina received by cabinet chief Anibal Fernandez

  

  Argentina’s Cabinet Chief Anibal Fernández received United States ambassador to Argentina Noah Mamet in his Casa Rosada office. Apparently the meeting was strictly protocol, and no details of the agenda were supplies to the media.

• Sunday, March 15th 2015 - 01:02 UTC

  Argentina declassifies all files connected to the 1994 AMIA attack

  

  The administration of President Cristina Fernandez has ordered the declassification of all files connected with the attack against the AMIA Jewish community center that took place in 1994 in Buenos Aires City. Some of the documents were already in the hands of the special prosecutor in charge of investigating the bombing, now late Alberto Nisman.

• Sunday, March 15th 2015 - 00:54 UTC

  Argentina blasts Judge Griesa ruling blocking Citigroup from paying bonds issued under local law

  

  A release from the Argentine Economy Ministry considered US Judge Thomas Griesa's ruling issued on Thursday “a shameful excess of jurisdiction”. Judge Griesa blocked Citigroup Inc from processing interest payments by Argentina on some bonds issued under the country's law.