Tag: Vulture funds

• Saturday, February 2nd 2013 - 20:07 UTC

  Argentina lashes back at the IMF but announces new CPI for this year

  

  Following Friday’s IMF ‘declaration of censure’ on Argentina because of the lack of reliability in its inflation and GDP stats, and the country’s first reaction virtually describing the Fund as mother of all financial evils, Minister of Economy Hernan Lorenzino announced a new ‘national’ Consumers Prices Index to be implemented in the course of this year and which will replace the current GBA-IPC.

• Monday, January 28th 2013 - 06:02 UTC

  Hedge funds insist in New York court Argentina must pay defaulted bonds

  

  Hedge fund investors who refused to join two sovereign debt restructurings by Argentina urged a US court in New York to force the country to pay them.

• Thursday, January 10th 2013 - 04:06 UTC

  Cristina Fernandez targets UK ‘threats’ to keep escalating the Falklands’ dispute

  

  Argentine president Cristina Kirchner targeted the UK for “threatening” to come “to militarize and invade our Malvinas Islands” following the announcement that an additional 150 British soldiers are been sent to the Falklands and PM David Cameron recent warnings on support of the Islands.

• Tuesday, January 8th 2013 - 20:12 UTC

  Cristina at the helm for ARA Libertad grand welcome party in Mar del Plata

  

  The frigate ARA Libertad is already in Argentine waters and is scheduled to arrive Wednesday to the port of Mar del Plata, escorted by dozens of yachts and other vessels, to a huge reception ceremony headed by President Cristina Fernandez, ministers and top officials.

• Tuesday, January 8th 2013 - 00:07 UTC

  Argentina charters private UK plane for Cristina Fernandez next tour to avoid legal surprises

  

  The Argentine government issued a statement in response to a recent piece published on the British tabloid “The Sun”, and assured that President Cristina Fernández will fly in a private plane on her next tour to avoid a potential impounding of the official presidential plane by vulture funds.

• Monday, January 7th 2013 - 14:14 UTC

  Argentina gains a new ally in its fight against hedge funds: WEF’ Schwab

  

  Argentina’s worldwide court battles against the hedge funds which did not accept the restructuring of its defaulted debt and are after the country’s assets, has gained another ally, the president of the World Economic Forum, (WEF) Klaus Schwab.

• Saturday, January 5th 2013 - 05:28 UTC

  “Sovereignty party” for when Libertad and Espora sail in together to Mar del Plata

  

  Argentina’s dredgers union assured a safe passage for when the Navy’s flag ship ARA Libertad arrives to Mar del Plata next 9 January to a big reception party headed by President Cristina Fernandez. There were concerns that the depth of the access channel wouldn’t be enough.

• Wednesday, December 19th 2012 - 23:10 UTC

  ARA Libertad is in the high seas; great reception in Mar del Plata on 9 January

  

  The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.

• Tuesday, December 18th 2012 - 04:01 UTC

  Argentina says Belgian highest court rules against seizure of diplomatic accounts

  

  The Belgian Supreme Court threw out an attempt by hedge funds to seize Argentina’s diplomatic accounts in that country, according to a release on Monday from the Argentine Foreign ministry.

• Monday, December 17th 2012 - 06:45 UTC

  Argentine frigate expected back in Buenos Aires early January

  

  “Once more we fulfill our promise, the Frigate is coming back,” was the first statement given by President Cristina Fernández over the ruling of the UN's International Tribunal for the Law of the Sea to release the ARA Libertad frigate.