Tag: Axel Kicillof

• Thursday, September 27th 2012 - 22:07 UTC

  Moody’s rates outlook of 30 Argentine banks to negative

  

  Rating agency Moody's changed to negative the rating outlook on 30 rated Argentine financial institutions on Thursday. Moody's cut the outlook to negative from stable, as a reflection of the outlook change on the country announced last week.Moody's rates Argentina at B3, six levels into junk territory.

• Saturday, August 11th 2012 - 10:49 UTC

  Argentina applies tax hike on bio-diesel exports and lowers price for local market

  

  Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.

• Monday, July 30th 2012 - 21:39 UTC

  Cristina Fernandez “wonder boy” saves in dollars and has property in Uruguay

  

  Argentina’s Cristina Fernandez “wonder boy” seems to be missing on his homework. According to the Argentine media Economy Deputy Minister Axel Kicillof not only has his savings in US dollars but owns real estate in Uruguay, which Argentina considers an overseas fiscal paradise.

• Monday, July 30th 2012 - 07:19 UTC

  Argentina denies plans to intervene the energy sector: “only ensuring investments”

  

  Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”

• Thursday, July 26th 2012 - 09:19 UTC

  Argentine organized labour divided but fearful of Cristina Fernandez intentions

  

  Argentine union leaders said that the conflict inside the CGT umbrella organization is “purely political” and claimed that President Cristina Fernandez is after a “divided and passive” organized labour movement.

• Saturday, July 7th 2012 - 00:35 UTC

  Argentine central bank announces “pesification” of real estate operations

  

  Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.

• Wednesday, June 13th 2012 - 08:17 UTC

  Cristina Fernandez announces plan to build 400.000 new houses in four years

  

  In an attempt to recover the political initiative and sliding opinion polls Argentine President Cristina Fernández announced the launching of an ambitious housing program aimed at building 400.000 homes in the next four years.

• Tuesday, June 12th 2012 - 08:19 UTC

  “The more restrictions on the US dollar, the more people distrust the Argentine peso”

  

  Argentine former economy minister Domingo Cavallo assured that had the restrictions to buy US currency not been applied by the local Government “people would be flocking to buy dollars.”

• Saturday, June 2nd 2012 - 03:17 UTC

  Repsol’s only purpose was “to milk dry” YPF of resources and reserves

  

  Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.