Tag: NML Capital Limited

• Wednesday, October 31st 2012 - 04:44 UTC

  S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

  

  Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.

• Tuesday, October 30th 2012 - 07:30 UTC

  ARA Libertad retained in Ghana has cost Argentina almost 3m dollars

  

  The Argentine navy flagship ARA Libertad impounded in Ghana by US investment funds since 2 October has cost so far over 2.6 million dollars, half of which for the repatriation of the 281 cadets and crewmembers, according to Argentine naval and diplomatic sources quoted in the Buenos Aires media.

• Friday, October 26th 2012 - 20:39 UTC

  US Court rules against Argentina: all bondholders must be treated equally, including hold outs

  

  US appeals court ruled Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.

• Thursday, October 25th 2012 - 18:51 UTC

  Ghana port authorities want ARA Libertad moved to anchorage; Argentina refuses

  

  Ghanaian officials asked a judge Thursday to order the Argentine navy ship detained in the West African nation over a debt dispute to be moved because it was blocking valuable space at the port of Tema.

• Thursday, October 25th 2012 - 18:39 UTC

  ARA Libertad: Defence minister takes responsibility; Ghana embarrassed with the incident

  

  Argentine Defence Minister Arturo Puricelli took responsibility on Thursday for the fate of the navy training frigate Libertad, which continues to be impounded in Ghana. Meanwhile from Ghana a top official said the country was “embarrassed” with the whole incident.

• Thursday, October 25th 2012 - 06:47 UTC

  ARA Libertad-Romney family link makes Cristina criticize the Republican candidate

  

  Argentine President Cristina Fernández joined the US presidential campaign harshly criticizing Republican candidate Mitt Romney and stating she is “more alike” the current head of state, Democrat Barack Obama, who is running for re-election.

• Thursday, October 25th 2012 - 06:43 UTC

  NML-Capital targeting second Argentine navy vessel docked in South Africa

  

  A second Argentine navy vessel has been targeted by NML-Capital which apparently has contracted a renowned South African law office to impound the corvette ARA Espora.

• Thursday, October 25th 2012 - 06:28 UTC

  Argentine seamen are back in Buenos Aires; small group remains in Ghana

  

  After three weeks retained in Ghana, members of the crew and cadets from the Argentine Navy training vessel ARA Libertad arrived past midnight Wednesday to Ezeiza airport in Buenos Aires where relatives and media were waiting.

• Tuesday, October 23rd 2012 - 06:38 UTC

  ARA Libertad: Argentine president pledges to never yield to ‘vulture’ funds

  

  Argentine president Cristina Fernández in a national broadcast blasted ‘vulture funds’ retaining the impounded training frigate ARA Libertad in Ghana and pledged never to yield the dignity and sovereignty of the country to these funds.

• Monday, October 22nd 2012 - 19:20 UTC

  UN Security Council says ARA Libertad incident does not endanger world peace

  

  Argentine Foreign minister Hector Timerman began Monday morning his round of contacts in New York to lobby for the release of the Navy’s training frigate retained in Ghana but suffered a first setback when he met with the president of the UN Security Council, Ambassador Gert Rosenthal.