Tag: Hernán Lorenzino

Friday, August 30th 2013 - 02:00 UTC
Judge Griesa looking into latest announcements by president Cristina Fernandez

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.
Monday, August 26th 2013 - 03:01 UTC
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.
Thursday, August 15th 2013 - 03:40 UTC
Argentina ratifies economic policy, rejects austerity measures to balance the budget

Argentine Economy minister Hernán Lorenzino on Wednesday ratified current policies and “strongly” rejected an increase of budget austerity measures, while defending the debt reduction policy, but admitted the country “still suffers” from consequences of the international financial crisis.
Wednesday, May 8th 2013 - 09:51 UTC
Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas.
Wednesday, May 8th 2013 - 02:44 UTC
Dollar in Argentina breaks 10 Pesos barrier, despite Cristina Fernandez and her “I want to leave” minister

The ‘blue’ or parallel dollar in Argentina beat a new record on Tuesday by breaking the 10 Pesos milestone and ending trading at 10.08 Pesos. The official rate meantime remained relatively stable and closed at 5.16 and 5.21 Pesos (buying and selling price).
Thursday, May 2nd 2013 - 07:06 UTC
YPF admits ‘inflation in Argentina is a problem” and could be higher by next year

Argentine nationalized energy company YPF warned on Tuesday that inflation in the country may keep rising and affect its results, a rare admission considering the company is controlled by a government known for playing down the problem.
Monday, April 29th 2013 - 23:17 UTC
Argentine government considering options to contain the ‘parallel’ dollar

The Argentine government is considering different options to contain the current skyrocketing of the US dollar, but according to the financial media there are different positions in the cabinet of President Cristina Fernandez. One of those calls for direct interventions while the other adopts a more passive attitude saying the issue is speculative and ‘marginal’.
Thursday, April 25th 2013 - 21:51 UTC
Economy minister and aides tell Greek television: “in Argentina we don’t discuss inflation”

Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
Saturday, April 20th 2013 - 08:39 UTC
US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Friday, April 19th 2013 - 05:46 UTC
Argentina begins Washington round of contacts ahead of IMF-WB spring meeting

Argentine Economy Minister Hernán Lorenzino is in Washington ready to start his official activities in the margins of the 2013 International Monetary Fund and World Bank Spring meeting.