Tag: Thomas Griesa

Tuesday, September 30th 2014 - 05:11 UTC
Argentine reserves below 28bn dollars; bonds payments of 170m on Tuesday

The informal of “blue” dollar in Argentina fell back 15 cents to 15.55 Pesos after it skyrocketed 75 cents last week and scraping 16 Pesos. The formal US dollar meantime advanced three cents to 8.49 Pesos at the end of trading in Buenos Aires City banks and foreign exchange offices. The gap between the two rates dropped to 83.9%.
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.
Saturday, September 27th 2014 - 09:12 UTC
Griesa allows Citibank to process a one-off payment of Argentine bonds

US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.
Saturday, September 20th 2014 - 08:11 UTC
US court dismisses Citibank and Argentina appeal: back to Judge Griesa

A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.
Friday, September 19th 2014 - 06:20 UTC
Cristina Fernandez blames Griesa and US embassy for “speculative attacks” against her government

President Cristina Fernández de Kirchner assured on Thursday that Argentina is under “permanent speculative attack headed by US Federal judge Thomas Griesa,” and criticized “local vultures who have amplified the offensive to the point of ridicule.”
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.
Monday, September 15th 2014 - 04:07 UTC
Spanish Judge Garzon praises Argentina's sovereign payment bill and UN resolution

Former Spanish Judge and Human Rights activist Baltasar Garzon praised the Sovereign Payment law approved by Argentina’s Congress last week and described the United Nation’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as “essential.”
Friday, September 12th 2014 - 06:55 UTC
With the new bill “Argentina wants to pay, can pay and will pay all contracted debts”

Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.
Thursday, September 11th 2014 - 04:48 UTC
Judge Griesa will wait for appeals court ruling before acting on holdouts' Citibank subpoena

US district judge Thomas Griesa has said he would wait for a decision on a pending appeal before ordering Citigroup to comply with a subpoena served by holdout investors seeking details of any threats from Argentina to process payments the court had blocked.
Wednesday, September 10th 2014 - 06:09 UTC
UN assembly sides with Argentina votes to change sovereign debt restructuring

The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.