Tag: Axel Kicillof

• 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.

• Wednesday, July 15th 2015 - 07:59 UTC

  Catholic Church confirms 28.7% of Argentines live in poverty: 11.1 million

  

  The Social Observatory from the Argentine Catholic University, UCA, has reported that poverty in Argentina during 2014, included 28,7% of the population, which is equivalent to 11.5 million people, and higher than in the previous report.

• Wednesday, July 1st 2015 - 02:57 UTC

  US opens its market to Argentine fresh beef imports; lemons still pending

  

  Argentina announced that the United States APHIS (Animal and Plant Health Inspection Service) has allowed fresh beef imports from Argentina, lifting a 15-year ban which Buenos Aires had always considered 'unjustified' and bluntly 'protectionist' and as such had claimed before the WTO. In the same vein Argentina also anticipated it expected a similar decision from the US regarding Argentine lemons.

• Saturday, June 20th 2015 - 09:16 UTC

  Buenos Aires/Moscow close ties are “a fact, not a wish”, says Argentine minister Kicillof

  

  Argentine Economy Minister Axel Kicillof speaking from Moscow said ties between Buenos Aires and Russia were “a fact, not a wish” praising the bilateral “natural understanding” and “complementation”, achieved by the two partners in economic, energy and trade affairs.

• Saturday, May 30th 2015 - 09:01 UTC

  Ford announces investments to boost car production in Argentina

  

  Ford Argentina announced investments in the country for some 220 million dollars following a meeting between President Cristina Fernández and local and regional executives from the US corporation.

• Friday, May 15th 2015 - 07:15 UTC

  Cristina Fernandez comes out strongly in defense of minister Kicillof

  

  President Cristina Fernandez has questioned accusations against Economy Minister Axel Kicillof over his alleged YPF monthly salary of 400.000 Argentine Pesos (approx 35.000 dollars).

• Tuesday, May 12th 2015 - 06:25 UTC

  Argentina reacts to hedge funds attempt to block a fresh debt emission

  

  Argentina has launched a stinging attack on hedge funds attempting to block payment on last month's Bonar 24 debt issuance, stating that the petition shows the 'vulture funds' desperation following the successful auction.

• Saturday, May 9th 2015 - 09:57 UTC

  Argentina will file complaints against speculative funds in Belgium

  

  Economy Minister Axel Kicillof confirmed the Argentine government will be filing a complaint against speculative or 'vulture' funds for seeking to seize the accounts of the Argentine embassy in Belgium, and the Argentine mission before the EU in Brussels, adding hedge funds are the most “despicable and repugnant” of the world financial system.