Tag: Argentina

• Friday, July 12th 2013 - 22:05 UTC

  German courts reject petition from hedge fund holders of Argentine debt

  

  German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.

• Friday, July 12th 2013 - 20:41 UTC

  EU bio-diesel tariffs and China’s policy change threaten Argentina’s soy-oil industry

  

  The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.

• Friday, July 12th 2013 - 08:13 UTC

  Argentina: private estimates’ June inflation reached 1.93% and 23.78% in twelve months

  

  Argentina’s June inflation according to the ‘congressional index’ was 1.93%, and 23.78% in the last twelve months, it was announced on Thursday by the opposition members from the Lower House Freedom of Speech committee.

• Thursday, July 11th 2013 - 07:26 UTC

  Summit in Montevideo could further expose the fragility of a Mercosur turned political

  

  President-elect Horacio Cartes will not make any comments on the ongoing dispute of Paraguay with Mercosur until after the group’s summit in Uruguay next Friday, when official decisions on the subject are expected to be made public. However for both sides any decision will most probably be challenging and ratify that Mercosur has become a political group far from its original trade and investment purposes.

• Thursday, July 11th 2013 - 07:22 UTC

  Falklands: Ambassador Castro renews sovereignty claims and blasts the US for spying

  

  Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.

• Wednesday, July 10th 2013 - 17:32 UTC

  “Evita” 100-Peso bill are legal tender and must be accepted, warns Argentine central bank

  

  Argentina's central bank has warned businesses to stop rejecting commemorative bank notes bearing the image of Eva Peron to mark the 60th anniversary of the iconic former first lady's death. President Cristina Fernandez, whose fiery speaking style often prompts comparisons with that of “Evita” unveiled the 100-peso bills emblazoned with her profile a year ago.

• Wednesday, July 10th 2013 - 05:45 UTC

  Brazil decides exhumation of ex-president Goulart, believed to have been poisoned by the military regime

  

  Brazilian authorities decided the exhumation of former president Joao Goulart remains to determine whether he was poisoned as part of the Plan Condor implemented by the Southern Cone military regimes to eliminate opponents during the seventies and eighties.

• Tuesday, July 9th 2013 - 06:39 UTC

  Main organized labour leader calls on workers not to vote for CFK next October

  

  The powerful organized labour leader and former ally of the government Hugo Moyano, called on workers to vote against the administration of President Cristina Fernandez (CFK) and her candidates in the coming mid term elections of next October, during a political rally in the iconic Plaza de Mayo, downtown Buenos Aires

• Monday, July 8th 2013 - 07:11 UTC

  Opinion polls are not enthusiastic about Cristina Fernandez ahead of October mid-term election

  

  Five weeks ahead of primaries and three months away from mid term congressional election, public opinion polls indicate that President Cristina Fernandez could be heading to a serious defeat, particularly in the province of Buenos Aires, which with 37% of the national vote is decisive for any victory pretension.

• Monday, July 8th 2013 - 07:06 UTC

  Teamsters bring Argentina to a stop and challenge fiscal policy and income tax

  

  Argentina’s teamsters union headed by the powerful leader Hugo Moyano, a former ally of the government and currently one of her most aggressive adversaries, has declared a national strike on Monday which in practical terms means the country is in full campaign ahead of the mid term October election when President Cristina Fernandez will try by all means to retain control over Congress.