Tag: Axel Kicillof

• Thursday, March 26th 2015 - 09:20 UTC

  Argentina considers Citigroup deal with US Judge Griesa could have violated local law

  

  Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

• Saturday, March 21st 2015 - 06:56 UTC

  Argentina's current account deficit widened to 5.07bn in 2014

  

  Argentina’s current account deficit widened 7.9% to 5.07 billion dollars in 2014 as Latin America’s third-biggest economy eked out meager 0.5% growth, official data showed. Exports fell 11.9% from 2013 to 71.94bn, hurt by low international prices for Argentine soy, wheat and corn as well as weakened demand in key trading partner Brazil, where economic growth is also stagnant.

• Thursday, March 19th 2015 - 08:01 UTC

  Argentina asks Citigroup how it will react to Judge Griesa' decision

  

  Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

• Tuesday, March 17th 2015 - 07:39 UTC

  Cristina Fernandez manages to split the farmers’ united front after years of confrontation

  

  Argentine president Cristina Fernandez, on the campaign trail ahead of October’s national elections, announced on Monday the creation of a new fund which will reduce by up to 50% the 'retention' taxes on exportation rights paid by small and medium agriculture farmers.

• Friday, March 6th 2015 - 07:22 UTC

  Argentina denies any devaluation to compensate for the plunge of Brazil's Real

  

  Despite Brazil's 'violent devaluation' of its currency, Argentina will not pursue the same path because the country needs “to give certainty” and “avoid instability” said Economy minister Axel Kicillof. This week the Real plunged to its lowest level in over a decade burdened by economic and political uncertainty

• Wednesday, February 25th 2015 - 05:37 UTC

  Cristina Fernandez secluded to prepare her last 'State of the Nation' speech

  

  Argentine president Cristina Fernandez flew on Tuesday evening to Rio Gallegos, where according to the presidential agenda she will visit the mausoleum built by her to the memory of her late husband and former president Nestor Kirchner.

• Wednesday, February 25th 2015 - 05:27 UTC

  Argentina will appeal on Thursday Judge Griesa's 'contempt of court'

  

  The Argentine government will present on Thursday its appellant’s brief over the contempt of court ordered by New York Judge Thomas Griesa, the Economy Ministry has confirmed. Griesa had ruled Argentina in contempt of his orders due to working on a plan to shift control over payments of its restructured debt to Buenos Aires.

• Saturday, February 21st 2015 - 05:17 UTC

  Argentina suggests Judge Griesa to remove Pollack, since he favors 'holdouts'

  

  Argentina's Economy minister Axel Kicillof suggested on Friday that no negotiation is possible with the holdout funds as long as 'special master' appointed by US Judge Thomas Griesa continues in his post, since ”he clearly favors 'vulture funds' (holdouts)”.

• Sunday, February 1st 2015 - 21:52 UTC

  First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing

  

  The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now that China has deposited the first 287.7 million dollars tranche of funding for the massive 4.71 billion project, Argentine President Cristina Fernández announced before leaving for a state visit to China.

• Monday, January 19th 2015 - 07:48 UTC

  Cristina Fernandez meets with economist Piketty expert on wealth distribution

  

  Argentine President Cristina Fernandez met with Thomas Piketty at the Olivos official residence for two hours on Saturday as part of the French economist's tour of Latin America.