
A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.

Uruguay’s First Lady and Senator Lucia Topolansky said that for her fellow countrymen having a dispute with Argentina is “like fighting with yourself” and described as ‘painful’ the several years long conflict between the two countries over the construction of the UPM (former Botnia) pulp mill on a shared river.

Uruguay and Argentina presidents Jose Mujica and Cristina Fernandez seem to have ironed out differences, at least in public and in the pictures, during the inauguration of a gasoline and diesel de-sulphuring plant in Montevideo, which was financed with Venezuelan funds and Argentine technology.

The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.

Argentina bonds in dollars, protected by local legislation fell the most in four months after President Cristina Fernandez announced she’s sending a bill to Congress to reopen the debt swap so that holders of the 7% of pending non restructured debt can normalize their situation in similar conditions.

Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

The head of a powerful union supportive of the Argentine government said that during the recent ‘social dialogue round’ held in Rio Gallegos with business and labour leaders President Cristina Fernandez affirmed with no margin of doubt that she will not be bidding for the presidency in 2015.

Four London AIM listed oil companies carrying out exploration work in Falkland Islands waters have been barred from operating in Argentina. The measure affects Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas.

Falkland Islands lawmakers at their final assembly on Thursday thanked Argentine President Cristina Fernandez for her, undoubtedly unintended assistance in getting the Falklands story publicized world-wide and in repeated headlines, reported the latest edition of the Penguin News in its front page.