Tag: Axel Kicillof

Saturday, May 24th 2014 - 00:27 UTC
Argentina's auto sales record last year was fed on 'steroids', claims Fiat CEO

One of Argentina's main industry leaders, Fiat CEO Cristiano Rattazzi. said that the boost of auto manufacturing during 2013 and record sales was fed on 'steroids' and demanded more reliability in the rules to revitalize sales.
Friday, May 16th 2014 - 10:06 UTC
Argentina's April inflation for the Congressional index reached 2.8%

Argentina's inflation congressional index marked 2.8% in April, or 15.78% in the first four months of the year and 39% in the last twelve. These percentages contrast with the official data from the Indec stats office which earlier this week said the April CPI was 1.8%.
Thursday, May 15th 2014 - 07:14 UTC
Consumer prices in Argentina decelerate, but controversy on how much persists

The Argentine consumer-price index climbed 1.8% in April over March, which means that during the first four months of the year it reached 11.99%. The CPI announcement was made by Economy minister Axel Kicillof at a press conference on Wednesday. However private estimates and the Buenos Aires City index show greater percentages.
Friday, May 9th 2014 - 07:01 UTC
Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.
Wednesday, April 30th 2014 - 09:22 UTC
Argentina and Brazil agree to further integrate and prop their auto industries

Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.
Wednesday, April 30th 2014 - 03:49 UTC
Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.
Tuesday, April 29th 2014 - 06:31 UTC
Argentina and Brazil plan to prop economies by stimulating the auto industry

Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.
Wednesday, April 16th 2014 - 04:13 UTC
March inflation in Argentina: official 2.6%; opposition index, 3.3%

Official inflation in Argentina during March was 2.6%, according to Economy minister Axel Kicillof who underlined that during the month there was “a considerable deceleration in the increase of prices”, in most items with the exception of clothing and private schooling.
Thursday, April 10th 2014 - 06:17 UTC
Argentine top minister in Washington attending the 'ideologically bias” IMF assembly

In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.
Wednesday, April 9th 2014 - 07:29 UTC
IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.