Friday
May 29, 2015

“The Argentine economy is solid no matter how they seek to harm it,” Cabinet Chief Aníbal Fernández today fired when speaking to reporters outside the Government House as he does every morning.

The deficit is growing at an unusually high speed, according to the latest official figures. Spending exceeded revenue by almost 58 billion pesos in the first quarter, three times the amount seen last year, the economy ministry said.

By Fermín Koop
The European Union (EU) dismissed speculation that it wants to negotiate agreements with individual countries, emphasizing it is committed to reach a free trade agreement with Mercosur, EU’s Managing Director for the Americas Cristian Leffler said.

By Luciana Bertoia
Investigations into dictatorship-era crimes are about to receive a boost in Bahía Blanca following a decision by the Magistrates Council that it is also likely to reactivate the probe into the role of Vicente Massot, the owner of the ultra-conservative newspaper La Nueva Provincia, during the dark years of the last military regime.

Three oil companies said they had discovered oil north of the Malvinas Islands, setting up potential further confrontation with Argentina which disputes British sovereignty over the islands.

Hundreds of people fled areas near Texas rivers that overflowed their banks as the state reeled from severe storms this week that killed at least 16 people, flooded cities and set a record for the wettest month.

Still has to be passed by Lower House

Senate OKs criminal procedural implementation

By Ignacio Portes

 

The US dollar today opened unchanged at 9 pesos, in banks and foreign exchange agencies of the city, accumulating a rise of eight cents in May.

The Central Bank (BCRA) has informed the Argentine government made a new payment to the Paris Club for 683 million dollars. BCRA reserves decreased 545 million dollars and stand at 33,248 billion.

A judge has approved the arrest of three local business leaders named in a corruption scandal engulfing world soccer and facing US extradition requests, though he acknowledged he did not know if they were in the country.

Brazilian police began investigating allegations of corruption in its football industry yesterday, prompted by the arrests of top officials at world football body FIFA in a US bribery probe.

The Argentine Football Association (AFA) has issued a press release in support of the US led investigation into FIFA and called for transparency in football, adding it joins the efforts to investigate corruption in the sport.

• Report claims Grondona received bribes

European shares fell today, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece's debt talks and data showing private loan growth in the euro zone stalled last month.


Addressing FIFA delegates at the body's annual Congress in Switzerland, where members will later vote to decide the organization's presidency, Blatter promised more transparency and urged members to remain unified.

• Blatter distances himself from scandal

Swiss police said today they were investigating an anonymous bomb threat at the FIFA congress in Zurich that led authorities to search the premises.

British Prime Minister David Cameron said today that FIFA President Sepp Blatter should step aside over allegations of corruption in soccer's world governing body, adding that it was "unthinkable" that he could lead FIFA forward.

UEFA president Michel Platini delivered one of his most emotional and animated performances since his playing days when he said it was time for Sepp Blatter to quit as president of FIFA with world soccer's body facing yet another corruption crisis.

• UEFA calls for FIFA election to be postponed • Conmebol promises support for FIFA probes




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Full MARKET coverage HERE





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