Tag: Jorge Capitanich

• Thursday, August 28th 2014 - 06:11 UTC

  Dollar new record in Argentina: 14.45 Pesos; Capitanich blames 'speculative attacks'

  

  While Argentine Cabinet Chief Jorge Capitanich claimed the country was suffering “speculative attacks“ to systematically erode the ”government’s credibility and trust” the US dollar in the Buenos Aires informal market continued to climb and ended Wednesday trading 25 cents higher at 14.45 Pesos.

• Wednesday, August 27th 2014 - 06:33 UTC

  Argentina revokes BONY authorization to operate and act as trustee

  

  Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.

• Friday, August 22nd 2014 - 08:04 UTC

  Argentina suspends beef exports 15-days to contain domestic prices

  

  The Argentine government has decided to restrict beef exports for a 15-day period seeking to stem the rise of prices in the domestic market. The decision was confirmed by Cabinet Chief Jorge Capitanich and sparked criticism by business leaders in the sector with some voices saying the strategy will have “no positive effects.”

• Friday, August 22nd 2014 - 07:33 UTC

  European holders of swapped Argentine bonds willing to accept removal of the RUFO clause

  

  European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that Argentina claims prevents them from negotiating with holdout funds, it was reported in the Buenos Aires media.

• Thursday, August 21st 2014 - 08:06 UTC

  'A contempt of court does not apply to sovereign Argentina', says Capitanich

  

  Anticipating what seems an imminent order of contempt-of-court by US Judge Thomas Griesa following Argentine President Cristina Fernández decision to push a bill to change the payment jurisdiction to Buenos Aires, Cabinet Chief Jorge Capitanich pointed out that as a “sovereign country” Argentina cannot end up in contempt despite Griesa’s warnings.

• Wednesday, August 6th 2014 - 08:02 UTC

  Argentina will demand Citibank and BONY to pay exchange bondholders

  

  The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.

• Tuesday, July 29th 2014 - 06:59 UTC

  Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

  

  Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.

• Thursday, July 17th 2014 - 06:15 UTC

  Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

  

  US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.

• Tuesday, July 15th 2014 - 07:19 UTC

  Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit

  

  Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.

• Tuesday, July 15th 2014 - 07:07 UTC

  Holdouts call on Argentina to settle debt payments and recall 30 July deadline

  

  Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.