Tag: Axel Kicillof

• 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.

• Friday, September 11th 2015 - 06:45 UTC

  UN Assembly overwhelmingly supports Argentina in the sovereign debt debate

  

  The United Nations General Assembly has approved a resolution put forward by Argentina regarding sovereign debt restructuring, which seeks to limit the movement of speculative funds in influencing such actions.

• Tuesday, August 11th 2015 - 07:14 UTC

  Argentina will service 3.5bn dollars maturing next October with bank reserves

  

  Argentina confirmed it will be using Central Bank foreign-currency reserves to service more than US$3.5 billion dollars in international debt that matures in October. The confirmation came through an announcement in the Official Gazette, signed by President Cristina Fernández, Cabinet Chief Anibal Fernández and Economy Minister Axel Kicillof.

• Thursday, July 30th 2015 - 09:16 UTC

  Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

  

  Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.