Monday
July 28, 2014

Argentina will send a negotiation team to New York today for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with "holdout" investors, Cabinet Chief Jorge Capitanich said, with just three days left to avert a default. However, POllack issued a statement saying "I have not heard from them since (Friday)." An added: "I made it perfectly clear to them that I am available to the Republic at any and all times, either in person or by telephone, in view both of the gravity of this situation and the shortness of time to resolve it without Default."

• Gov’t is mulling over default, debt swap, by Francisco Aldaya

Cabinet Chief Jorge Capitanich said “the economic activity is independent” of the outcome of the country’s legal battle against the vulture funds, asked about the impact in the country's economy in case an agreement is not reached with holdout creditors by Wednesday.

Just days from a possible default, President Cristina Fernández de Kirchner will travel to Venezuela to partake in the Mercosur summit where she is expected to rally support from her regional colleagues for the country’s battle against holdout hedge funds.

Cabinet Chief Jorge Capitanich bashed the head of the Argentine Rural Society Luis Etchevehere, accusing him of being “an accomplice of crimes against humanity”. Etchevehere had criticised both Néstor and Cristina Kirchner’s administrations, a period he described as the “preyed-upon decade”.

• Ministers respond to Rural Society

US stocks were little changed today as investors looked ahead to the latest economic data and corporate earnings to give direction to a market near record levels.

Pope Francis made an emotional plea for peace in an impromptu addition to comments delivered at his weekly Angelus address in Saint Peter's Square.

• Francis renews attack on mafia

Internal infighting over the potential successor to President Cristina Fernández de Kirchner gained speed yesterday as Buenos Aires province Governor Daniel Scioli promised his vice-presidential candidate would be from the country’s “interior” while Interior and Transport Minister Florencio Randazzo claimed he could beat Scioli in the election.

By Martin Dokoupil

Saudi Arabia’s decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices.

Fierce fighting in eastern Ukraine where a Malaysian airliner was downed further complicated an investigation today as Europe and the United States prepared economic sanctions on Russia over the conflict.

Brazil's governing coalition is worried about high inflation and will seek to contain it to avoid hurting President Dilma Rousseff’s reelection chances in October, running mate and Vice-President Michel Temer said in an interview last week.

Venezuela has revealed that retired military General Hugo Carvajal, wanted by the United States over drug accusations and arrested four days ago on the Caribbean island of Aruba, would be freed and return home shortly.

The wife of Cameroon's vice prime minister was kidnapped and at least three people killed in an attack by Boko Haram militants on the vice prime minister's home in the northern town of Kolofata.

The wrecked Costa Concordia cruise liner limped into its last port. It was towed to the Italian city of Genoa to be broken up for scrap, two-and-a-half years after running aground and sinking with the loss of 32 lives.

The Deputy Governor of Buenos Aires province Gabriel Mariotto revealed details of a private conversation he had with Pope Francis at the Vatican.

The US dollar trades unchanged at 8.19 pesos in Buenos Aires City banks and foreign exchange offices.

UN Secretary-General Ban Ki-moon said today that parties to the conflict in Gaza have "expressed serious interest" in his request for a further 24 hour humanitarian ceasefire, but "have not yet agreed on the timing of its implementation."

• Hamas accepts 24-hour humanitarian truce

At least 36 were killed in Benghazi, where Libyan Special Forces and Islamist militants clashed. More than 150 lost their lives amid the deadliest violence since the 2011 war that ousted Muammar Gaddafi that forced foreign diplomats to pull out of the country.

• US evacuates Libya embassy

By Katie Zezima

Five and a half years into his presidency, Obama no longer has to run for re-election. But he is resurrecting his campaign rhetoric in a different context: as part of a midterm strategy of public speeches that hammer Republicans, he will return to the aspirational language that helped elevate him to office.

The cold wave from the Antartica that began last week, putting an end to spring-like weather, continues with below-zero temperatures in 10 Argentine provinces.

Recently-relegated Colón de Santa Fe today became the latest team to knock out a higher-ranked opponent from the Copa Argentina, beating Primera División side Lanús 1-0 to reach the tournament's last-16 phase while Racing Club also advanced.

Vincenzo Nibali became the first Italian to win the Tour de France since the late Marco Pantani today, dominating his rivals on all terrains as his main rivals crashed out of a superb three-week race.

Argentine tennis star Juan Mónaco fell just short in his bid to win the Swiss Open in Gstaad, as 'Pico' went down in two sets to Spain's Pablo Andújar to lose in the tournament's final today.

Red Bull's Australian Daniel Ricciardo won a dramatic Hungarian Grand Prix while Lewis Hamilton stunned championship-leading Mercedes team mate Nico Rosberg with the drive of the day from pitlane to podium.

French President Francois Hollande ordered that flags on government buildings across France fly at half-mast for three days from Monday after the death of 118 people including 54 French nationals in the crash of an Air Algerie flight in Mali.

• Bad weather likely cause of accident






By Sebastián Lacunza & Fermín Koop

Former Economy Minister Domingo Cavallo (1991-1996, 2001) welcomed the Herald in his office in Barrio Parque, surrounded by a wall of university diplomas from all over the world.

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Strip Russia of World Cup?

Eric Weil / Sportsworld

Strip Russia of World Cup?

The Vultural Revolution

Martín Gambarotta

The Vultural Revolution

Israel’s many enemies

James Neilson / As I See it

Israel’s many enemies

Main Scream Media

Marcelo J. García

Main Scream Media

Writing in sand

Michael Soltys / Senior Editor

Writing in sand




• World Trade

The opening of Saudi Arabia accelerated with reform push, market launching

• On Sunday

The Italian drop


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