Tag: Axel Kicillof

• Thursday, November 6th 2014 - 06:45 UTC

  Cristina Fernandez 'stable' in hospital but will miss G20 summit in Australia November 15/16

  

  Argentine President Cristina Fernández has completed her third day in the Otamendi hospital after falling ill with a bacterial infection, according to the report released by the presidential Medical Unit.

• Monday, October 13th 2014 - 07:17 UTC

  Argentina doesn't need international credit, “we have foreign currency to face debt maturities”

  

  Argentine Economy Minister Axel Kicillof has assured that the government of president Cristina Fernandez is not seeking international financing despite current economic problems, since it has foreign trade surpluses and all the foreign exchange needed to face debt maturities.

• Wednesday, October 8th 2014 - 03:50 UTC

  Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

  

  Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.

• Tuesday, October 7th 2014 - 05:46 UTC

  “Blue” dollar in Argentina further plummets as market waits for new rules

  

  The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

• Friday, October 3rd 2014 - 07:23 UTC

  Argentina: Vanoli meets Cristina Fernandez and begins working at the central bank

  

  In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met on Thursday President Cristina Fernandez and Economy Minister Axel Kicillof in Olivos.

• Friday, October 3rd 2014 - 06:20 UTC

  The Argentine economy: “Thumbs down” writes The Economist

  

  Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.

• Saturday, September 27th 2014 - 09:24 UTC

  Argentina lashes Griesa for not making a final decision on the Citibank dispute

  

  Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

• Monday, September 22nd 2014 - 05:01 UTC

  A third of Argentina's population 'vulnerable' to falling back into poverty, says World Bank

  

  Approximately 33% of Argentina's population (or those living with between 4 and 10 dollars per day) are vulnerable to falling into poverty if faced with adverse economic conditions, the World Bank said in its 2015-2018 Country Partnership Strategy (CPS) report for Argentina.

• Thursday, September 18th 2014 - 05:46 UTC

  US dollar at new record in Argentina; Kicillof blames 'holdouts' and the US embassy

  

  The informal rate of the US dollar hit a new historic peek on Wednesday in Argentina, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Economy minister Axel Kicillof blamed the 'holdouts' and the US embassy for the latest surge.

• Monday, September 15th 2014 - 06:23 UTC

  Argentina confirms payment to bondholders at the end of September

  

  Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday.