Tag: Axel Kicillof

• Monday, December 7th 2015 - 08:44 UTC

  Argentina talks to US Treasury Secretary; lifting dollar clamp depends on level of reserves

  

  Argentina's incoming Finance minister Alfonso Prat-Gay spoke with the United States Treasury Secretary Jack Lew to discuss economic plans to achieve sustained economic growth. The minister also announced in a long interview with Buenos Aires main dailies that lifting the dollar 'clamp' as promised by president-elect Mauricio Macri, will much depend on the level of international reserves Argentina can count with.

• Thursday, November 19th 2015 - 07:55 UTC

  Argentina's fiscal deficit 3.5% of GDP, says minister Kicillof

  

  Argentina will likely end the year with a fiscal deficit of 3.5% of GDP, Economy Minister Axel Kicillof said on Wednesday, rejecting estimates by the opposition for a deficit around twice as high.

• Tuesday, November 17th 2015 - 08:54 UTC

  Two Chinese nuclear plants for Argentina in a 15bn dollars deal

  

  Argentina signed two nuclear power plant construction deals with China on Sunday worth around US$15 billion, which would add 1,750 megawatts to the energy already produced by the country's three nuclear power plants.

• Saturday, November 14th 2015 - 11:52 UTC

  Argentina needs confidence and positive expectations to attract investment and develop

  

  Any country, any economy needs confidence and positive expectations, and that is what is lacking, and has been lacking in Argentina for many years, said Jorge Brito, head of the Association of Argentine banks, who nevertheless warned about the impacts of a 'rough' adjustment on the economy.

• Wednesday, November 11th 2015 - 06:11 UTC

  Argentina's Supreme Court orders YPF to publicly release 2013 contract with Chevron

  

  Argentina's supreme court has ordered state-controlled YPF to publicly release all clauses of a 2013 contract with Chevron to develop shale oil in the country's vast Vaca Muerta formation. In a 3-1 ruling, the justices sided with opposition Socialist Senator Hector Ruben Giustiniani, ruling that the state's 51% stake in the firm effectively makes it a public company subject to transparency laws.

• Monday, November 9th 2015 - 07:41 UTC

  Cristina Fernandez cancels trip to G20 summit and joins Scioli's presidential campaign

  

  Argentina president Cristina Fernandez has suspended her attendance to the G20 summit in Turkey to campaign for the incumbent presidential candidate, Daniel Scioli, ahead of the 22 November runoff, when he confronts opposition hopeful Mauricio Macri, the big surprise of the electoral dispute.

• Saturday, October 24th 2015 - 08:40 UTC

  Holders of Argentine Euro bonds demands BONY services debt or faces lawsuit

  

  Investors holding euro-denominated Argentine bonds, including billionaire George Soros, called on trustee Bank of New York Mellon yesterday (BONY) to turn over its duties to state-owned Banco Nación so they can get paid the 225 million euros currently frozen by United States District Judge Thomas Griesa’s orders.

• Thursday, October 15th 2015 - 07:10 UTC

  Argentine September inflation 1.92% and 25.91% in last twelve months

  

  September inflation in Argentina was 1,92% and reached 25.91% in the last twelve months according to the monthly report from opposition members of Congress, which is based on the average of the country's leading private consultants. Later this week the official Indec rate is expected to be announced, systematically lower than that of the so called Congress index.

• Wednesday, October 14th 2015 - 07:10 UTC

  If Scioli is Argentina' next president he should have a strong support in Congress

  

  Next October 25 Argentines will be voting for a new president but also to renew half of all seats (257) in the Lower House and one third of seats in the Senate. This means that more than fifty percent of the 130 seats available currently belonging to the ruling Victory Front (FpV) of Cristina Fernandez as the “first minority” within the legislature, will be disputed.

• Saturday, October 3rd 2015 - 08:47 UTC

  Argentina will pay $5.9bn mature Boden 15 bonds on Monday, and issue new debt

  

  Argentina on Monday will pay the $5.9 billion maturity due for its Boden 15 bonds in cash and issue new debt the following day, Economy Minister Axel Kicillof said on Friday. Argentina which is in technical default on some debt because of a legal fight with bondholders in the United States, targets raising $500 million in the auction of notes under Argentine law, Kicillof told a news conference.