Tag: Axel Kicillof

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.
Wednesday, September 10th 2014 - 06:03 UTC
World Bank commits 5bn dollars financial support for Argentina in 2015/2018

The World Bank Group’s (WBG) Executive Directors discussed a new Country Partnership Strategy (CPS) for Argentina covering fiscal years 2015-2018 with financial commitments over the period expected to be in the range of 1 to 1.2 billion dollars per year plus 1.7bn for the private sector.
Thursday, September 4th 2014 - 05:20 UTC
Argentina's dispute with holdouts “will not affect” Chinese investments, says Beijing

The current legal dispute between Argentina and holdouts (“vulture funds”) suing the country over its defaulted bonds “will not affect” planned Chinese investments, since Argentina and China have a 'strategic association', the head of the National Commission of Development and Reform (CNDR) of China Xu Shaoshi, warned on Wednesday.
Wednesday, September 3rd 2014 - 06:37 UTC
Kicillof in China to confirm loans and a much needed swap dollars

Credit strapped Argentina is wooing Beijing and with this purpose Economy Minister Axel Kicillof, Planning Minister Julio De Vido and YPF oil company CEO Miguel Galuccio are currently on an official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.
Saturday, August 30th 2014 - 08:01 UTC
Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.
Friday, August 29th 2014 - 06:46 UTC
Mercosur main partners in another attempt to re-launch withering economies

Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.
Friday, August 29th 2014 - 05:56 UTC
Argentina will only negotiate with all bondholders: no more piecemeal debt talks

Argentina's government ruled out further piecemeal debt talks with a small group of U.S. hedge funds (holdouts) and said the country needed to strike a deal with all bondholders including those which have rejected past restructuring agreements as a single group.