Wednesday
September 2, 2015

The Federal Public Incomes Administration (AFIP) has announced that it received tax revenues worth 132.52 billion pesos over the course of August , 33 percent higher than those registered for the same period last year.

President Cristina Fernández de Kirchner will lead an act marking Industry Day in Técnopolis, where she will be joined by business and union leaders as well as Victory Front presidential candidate Daniel Scioli.

The Central Bank chief Alejandro Vanoli today ruled out once again a peso devaluation before the end of Cristina Kirchner’s mandate in December.

Victory Front (FpV) party presidential candidate Daniel Scioli granted an interview to the C5N news channel last night, ratifying his position to protect Argentineans’ jobs and "the national industry" if he gets elected to succeed Cristina Kirchner in October.

The World Trade Organization today ordered the United States to lift a 14- year ban on Argentina beef imports. "It’s a huge victory for the country but also for Argentine cattle breeders who we expect they receive the news with joy,” Foreign Minister Héctor Timerman said during a press briefing held this morning at Government House.

Victory Front presidential candidate Daniel Scioli met with around 100 standing mayors and election hopefuls in Florencio Varela, where he assured that the party was committed to expanding consumption and would work on bringing money back to the country.

The Central Bank has revoked the license of Gabriel Martino as president of the HSBC, forcing him to step down from his post. The entity commanded by Alejandro Vanoli considered Martino responsible for failing to establish "necessary" mechanisms to prevent clients from evading taxes and moving capital abroad.

The US dollar rose half a cent today in banks and foreign exchange agencies to 9.315 pesos, while the "blue" paralell rate ended four cents higher at 15.51 pesos after ending August with a 3.5 percent hike.

Wall Street slumped more than 2 percent today, pushing all three major US indexes into losses for the year after weak data from China added to fears that a slowdown in the world's second-largest economy will constrain global growth.

Following Monday’s ruling favouring Argentina in its long-standing battle against so called “vulture” funds, Cabinet Chief Aníbal Fernández said holdouts now have “less fire power,” also praising Cristina Kirchner who managed to “stand in solitude” in its position unlike PRO party presidential candidate Mauricio Macri who said Buenos Aires should pay “vultures” in full.

Argentina has obtained a favourable ruling in its long-term legal conflict with the so-called “vulture” funds, as a previous decision from New York Judge Thomas Griesa which opened the door for Central Bank’s assets to be seized as compensation to the plaintiffs was reversed on appeal.

If property is not diplomatic nor military

Holdouts still can sue for other assets despite ruling

Cipe Lincovsky: a performer to remember







Pope Francis will give all priests discretion to formally forgive women who have had abortions and seek absolution during the Roman Catholic Church's upcoming Holy Year, in the Argentine pontiff's latest move towards a more open and inclusive church.

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Power and money

James Neilson / As I See it

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