Tag: Argentina

Friday, August 30th 2013 - 23:30 UTC
Falklands’ conflict erupts as example for current Japan/China clash over disputed islands

Japan’s outspoken Finance minister and Deputy Prime Minister Taro Aso said that the Japanese government needs to make it clear that they intend to defend the Senkaku Islands from whatever invading force. This is to avoid what happened to the Falkland Islands when Argentine troops triggered a war with British forces by landing on the disputed islands in 1982.
Friday, August 30th 2013 - 02:00 UTC
Judge Griesa looking into latest announcements by president Cristina Fernandez

A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.
Thursday, August 29th 2013 - 03:50 UTC
Uruguay’s first lady praises Cristina Fernandez and blast opposition

Uruguay’s First Lady and Senator Lucia Topolansky said that for her fellow countrymen having a dispute with Argentina is “like fighting with yourself” and described as ‘painful’ the several years long conflict between the two countries over the construction of the UPM (former Botnia) pulp mill on a shared river.
Thursday, August 29th 2013 - 03:39 UTC
Neuquen legislature approves YPF/Chevron deal to exploit Vaca Muerta shale reserves

The Argentine Patagonian province of Neuquén legislature approved by a comfortable majority the agreement struck between YPF and Chevron to exploit the Vaca Muerta shale gas reserves, after a day disrupted by fierce protests outside the provincial parliament.
Wednesday, August 28th 2013 - 01:07 UTC
Argentina's international reserves at a six year record low, and sliding ….

Argentina’s central bank international reserves pierced the psychological barrier of 37bn dollars and ended Tuesday at 36.9bn dollars, which is the lowest in over six years and will continue to drain since next month the country must repay in full 2bn of a 2007 sovereign bond.
Wednesday, August 28th 2013 - 00:43 UTC
Wide political support in Argentina for Cristina Fernandez new debt swap proposal

The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.
Wednesday, August 28th 2013 - 00:24 UTC
Argentine bonds lose ground following the debt swap announcement

Argentina bonds in dollars, protected by local legislation fell the most in four months after President Cristina Fernandez announced she’s sending a bill to Congress to reopen the debt swap so that holders of the 7% of pending non restructured debt can normalize their situation in similar conditions.
Tuesday, August 27th 2013 - 21:59 UTC
Cristina Fernandez calls for reciprocity from foreign airlines operating in Argentina’s domestic market

Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.
Tuesday, August 27th 2013 - 01:13 UTC
Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.
Monday, August 26th 2013 - 03:01 UTC
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.