Uruguayan President José Mujica proposed that the case between Argentina and the vulture funds be treated in the OAS or other international forums such as the UNASUR or MERCOSUR, instead of in the New York court of Judge Thomas Griesa.
Brazil president Dilma Rousseff and Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held before the sixth summit of the BRICS group.
Cabinet Chief Jorge Capitanich has ratified Argentina’s “solidarity with the Venezuelan legitimately elected constitutional authorities” and denounced what he called a “manipulation of information” carried out by opposition media in the Caribbean country.
A survey published by the Uruguayan daily El país says that 46 percent of the country’s population is not aware of who is currently in political control of the Malvinas Islands while 43 of the polled believe it is the United Kingdom. Only 9 percent said Argentina was in control of the British-seized territories.
Chile’s President Michelle Bachelet will travel to Argentina in April for what will be her first official visit since being re-elected for office, the nation's Foreign Minister Heraldo Muñoz confirmed today.
Uruguayan Industry, Energy and Mining Minister, Roberto Kreimerman, asserted that his country would try to soothe disputes with Argentina in order to reestablish trade relations, while also recognising that bilateral commercial activity may never recover.
Uruguayan president José Mujica said today that members of the Mercosur agreement must readjust its legal framework ‘to make it work’. Uruguay settled a complaint at Mercosur against Argentina, who prohibited cargo transfers to Uruguayan ports, but the organization hasn’t responded.
President of Uruguay José Mujica has once more referred to the strained relationship between his nation and Argentina, stating that it was imperative for the countries to mend the dispute.
Uruguayan President José “Pepe” Mujica questioned Argentina’s recent decision to stop freight transfers at ports belonging to MERCOSUR countries Buenos Aires has no maritime agreements with.
The Uruguayan government has announced the renewal of UPM's right to produce pulp in the ex-Botnia plant, adding that the company complies with the necessary environmental requisites to increase production at the controversial factory.
Finnish corporation UPM could open a second paper plant in Uruguay in the eastern part of the country, according to declarations made by the nation's vice-president Danilo Astori to local media.
Argentine Defence Minister Agustín Rossi and his Brazilian counterpart Celso Amorim have issued a joint statement with cyber-defence taking the center stage of the bilateral agenda.
Uruguay’s president José Mujica today disparaged demands for discussions set by the Argentine Foreign Minister Hector Timerman to go back into negotiations regarding the UPM paper plant.
For Uruguayan President José “Pepe” Mujica, negotiations over the pulp mill conflict with Buenos Aires rely on the October 27 legislative elections and the health recovery of Cristina Fernández de Kirchner. Botnia talks might then be resumed, he considered.
Uruguay president José 'Pepe' Mujica kept his tongue firmly in cheek as he affirmed that the Argentine population "is capable of eluding the Pope and even the United Nations" in their quest to buy US dollars, in spite of current exchange controls.
US petroleum giant Chevron has warned that the continuing legal battle with Ecuador's government over pollution charges could put in jeopardy the company's partnership with YPF to exploit the Vaca Muerta shale reserves in Neuquén.
An emaciated 58-year-old Uruguayan man found alive four months after disappearing in the remote Andes Mountains had fled Chile after accusations he sexually abused a minor, a Chilean prosecutor's office said.
Pope Francis held his first mass as a pontiff at the Basilica of Our Lady of Aparecida in Sao Paulo before thousands of faithfuls who gathered despite de cold and the rain.
Pope Francis today briefly received young prisoners at the San Joaquin Episcopal palace and delivered the Angelus from the balcony.
President Cristina Fernández de Kirchner “congratulated her Colombian counterpart Juan Manuel Santos for the “peace process” his government is spearheading along with the FARC forces, which he said “represents good news all over South America.”
Pope Francis one more time used his Twitter account to speak to his followers and expressed “thank you to all of you and to all the authorities for a magnificent welcome in Rio.”
After last week’s revelations of an audio in which the President of Uruguay José Mujica was caught by an open mic referring to Cristina Fernandez in bad terms, now Mujica decided to send a letter to his Argentine counterpart to explain his words.
Uruguay’s President José “Pepe” Mujica said his country “must always talk with Argentina” following the recent controversy that flared up when he was caught by an open mic calling CFK “an old hag” and Néstor Kirchner “the one-eyed.”
Venezuela’s President Nicolás Maduro and President Cristina Fernández de Kirchner signed eleven bilateral agreements in strategic areas such as energy, agriculture and science at the Government House, where both presidents discussed key topics of the cooperation between two countries.
Uruguayan vice-president Danilo Astori said that trade relations with Argentina are “at their worst moment in a long time” and that the local Government’s recent measures on tour packagers greatly affect the neighbouring country.
Uruguay's President José Mujica was caught referring to Cristina Fernández as "that old lady" by an open microphone when giving a press conference in Sarandí Grande, Uruguay this morning and when talking about the lately tensed commercial relationships between the two neighboring countries.
Less than a week ahead of the elections that will determine Caracas’ political scenario after the death of Hugo Chávez, Foreign Minister Héctor Timerman meet with his Venezuelan counterpart Elías Jaua to address current state of bilateral ties.
President Cristina Fernández de Kirchner held a bilateral meeting with her Brazilian counterpart, Dilma Rousseff, after participating in the Mercosur Summit held this morning in Brasilia.
Panama filed a dispute against Argentina at the World Trade Organization today, alleging the government of Cristina Fernandez had broken WTO rules by discriminating against imports of goods and services.
By Carolina Barros.- The first Jesuit, Latin American and Argentine pope ever. Sounds like another case of “God is also Argentine,” that popular saying which offers so much consolation and hope in bleak times — not to mention “the hand of God.”
Economic growth in Latin America will be lower than previously estimated due to the continuing worldwide slowdown, the World Bank said in a report.
Paraguay will protest against a Customs' measure applied by Argentina that, according to local merchants, it endangers the exports, President Federico Franco reported.
Paraguayan president Federico Franco announced that starting in 2013, his country will become an oil producing nation, after a recent discovery made close to the border with Argentina.
In an interview with Montevideo newspaper La República, published today, Uruguayan President José “Pepe” Mujica said his country is the nation bearing the best relationship with Argentina despite of recent diplomatic cross fires regarding different matters including restrictions affecting tourism.
Uruguayan president José Mujica assured that “Argentines are simply the best in taking their dollars abroad,” and thus hoped that they will keep on vacationing in the neighbouring country.
Uruguayan President José “Pepe” Mujica highlighted the “schizophrenic” state of the country and love-hate relationship with Argentina today, quashing the “enormously protectionist measures” applied by the Kirchnerite administration.
Uruguayan president José “Pepe” Mujica warned that Argentina is “undergoing a highly autarkic process,” although he expressed hopes that that circumstance could change in the future.
Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO said today.
Uruguayan President José "Pepe" Mujica ratified his decision to avoid conflicts with Argentina despite its "brutal protectionist" measures, and said they should face them with "shrewdness."
President Cristina Fernández de Kirchner held a meeting on Wednesday with her Bolivian counterpart Evo Morales at the Hotel Cochabamba in Bolivia.
The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”
Uruguay’s President José Mujica said today that the economic situation in Argentina could affect the neighbouring country.
Foreign Minister Héctor Timerman announced today Argentina, Brazil and Uruguay’s decision to make Venezuela an official member of the Mercosur trade bloc. In addition, Paraguay was officially suspended, until the country’s authorities are renewed.
Brazilian businessman Rubens Barbosa, head of the foreign trade council of the Sao Paolo Federation of businessmen said today that in the last six months, the Argentine presidency of the bloc implemented measures that practically killed the Mercosur.
Mexico has withdrawn a zero-tariff agreement with Argentina on autos in a tit-for-tat trade dispute after the Argentine government's decision to pull out of an auto trade pact between the two countries.
Brazilian Foreign Minister Antonio Patriota praised the “great political convergence” between Argentina and his country and assured that any existing problems related to the bilateral trade “do not tarnish their strong reality.”
The Brazilian government agreed to solve the trade barriers currently banning Argentine medication, shrimp, citrus and grape products from entering their country in less than a 120 days.
The Organization of American States assembly, meeting in Tiquipaya, Bolivia, passed a resolution urging the Argentine and British governments to find a peaceful way to solve the Malvinas Islands sovereignty dispute.
Brazilian President Dilma Rousseff said today that “Brazil does not interfere on other countries’ domestic issues.” Rousseff was addressing the Argentine government plans to expropriate 51 percent of the 57.43 shares in the YPF hydrocarbons corporation - which is majority-owned by Spanish energy company Repsol.
Brazil’s President Dilma Rousseff met with Planning Minister Julio De Vido to debate about the decision of the Argentine government to expropriate YPF and over the investment of Petrobras in the country.
The International Monetary Fund (IMF) affirmed that it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said today.
Uruguayan President José “Pepe” Mujica left Montevideo to make an unannounced visit to Argentina to meet his local counterpart Cristina Fernández de Kirchner. According to the presidential spokesman, “they spoke about several issues” during the encounter held at the Olivos residence.
Chile will back state oil and gas company ENAP after Argentina moved to expropriate Repsol's controlling share of the country's leading energy company YPF, Finance Minister Felipe Larrain said on Tuesday.
Colombia has sent a letter to the World Trade Organization protesting Argentina's import restrictions on its products, the government announced.
Amid cross-Atlantic tensions over the Malvinas Islands and following the Peruvian government’s decision to void the permit given for the HMS Montrose to dock in the El Callao port this week, Peru’s Foreign Minister Rafael Roncagliolo denied President Ollanta Humala accepted an invitation to visit London next month, Peru newspaper El Comercio reported today.
The Brazilian government is willing to debate and solve the problems generated by the recent import controls settled by Argentina. “We’ll help in a mature way,” Brazil’s Development, Industry and Foreign Trade Minister Fernando Pimentel stated. Rousseff’s official will discuss with Argentina this issue “within the next weeks.”
Uruguay joined the coveted club of Latin American investment-grade countries as Standard & Poor's upgraded its credit ratings, praising the government's "prudent" economic policies.
The Uruguayan government announced on Thursday that it would bring forward subsidies to help the country’s industries being affected by the Argentine trade barriers.
While addressing the claims of unionists who were asking for subsidies similar to those put in place by President Cristina Fernández de Kirchner, Brazilian President Dilma Roussed replied by assuring that Argentina’s annual inflation rate is 20 percent.
The Paraguayan government called for “reflection and dialogue” from the Argentine government in order to find a solution to the commercial restrictions in place on imported products. The plea was made during the summit for foreign ministers pertaining to the Union of South American Nations (Unasur), which took place today in Asunción.
Argentina and Paraguay agreed on a mechanism that will avoid delays and other negative effects to the neighbouring country’s imports due to the new Argentine trade barriers, the Paraguayan Foreign Ministry announced.
The Chilean media has begun echoing their government’s current uneasiness about the new local trade barriers that became effective last February 1st, which increase the complexity of importing goods into the country.
During his two-day official visit to Chile, United Kingdom’s Foreign Office Minister Jeremy Browne criticized what he called an “economic blockade” to the Malvinas Islands by saying it “wasn’t right.”
Uruguayan Foreign Minister Luis Almagro assured that the trade balance between his country and Argentina is “definitely positive,” although he admitted that some of the country’s industrial leaders “have been affected” by the current obstructions to products imported from the neighbouring country.
Uruguay continues to negotiate a tributary accord with Argentina "throughout normal channels" and has received no pressure related to the issue, the head of the country’s tax collection agency, Pablo Ferreri assured.
The Uruguayan industrial sector warned that certain members of the Mercosur “are failing to fulfill their obligations” and targeted Argentina directly by pointing out that the new trade regulations set by the local Government “are hurting production" in the neighbouring country.
Venezuelan President Hugo Chávez speculated that the United States might have developed a way to give Latin American leaders cancer, after Argentina's Head of State Cristina Fernández de Kirchner joined the list of presidents diagnosed with the disease.
Uruguay President José Mujica stated today that even though Argentina adopts protective industrial restrictions -making business with Uruguay more difficult- he would continue to bet on a positive relationship with his neighbouring country, in order to maintain the positive flow of tourism going to Uruguay.
Brazil’s Industry National Confederation (CNI) harshly criticized the new regime of imports approved by Argentina and warned that it could contribute to a plunge of sales to that country.
Uruguayan President José “Pepe” Mujica stated that “it’s very difficult to make decisions when you belong to the Mercosur,” during an interview.
Venezuela's President Hugo Chávez hosted fellow Latin American leaders to launch a new regional body that pointedly excludes the United States.
The British Ambassador to Chile, Jon Benjamin, expressed today “concern” over “countries that have joined” the Mercosur bloc in their decision to support Argentina, by putting in place a ban on ships flying the Malvinas Islands’ flag from docking at their ports.
The nations that form part of the Ibero-American bloc reaffirmed the need to renegotiate over the sovereignty of the Malvinas Islands today, bringing up the resolutions made by the international community that advise the United Kingdom to avoid carrying out “one-sided” actions, such as exploiting resources and military action.
Opposition leaders in Uruguay accused Argentina of “exerting pressure inside the G20 and the Organisation for Economic Co-operation and Development (OECD)” so the neighbouring country would be labeled a “tax haven,” the Montevideo media said.
Argentina is one of the top ten destinations for immigrants in Latin America and Caribbean along with Venezuela, México, Brazil, Costa Rica, Dominican Republic, Ecuador, Chile, Paraguay and Bolivia, said representative from the United Nations Population Fund, Elena Zúñiga Herrera.
Venezuelan President Hugo Chávez congratulated President Cristina Fernández de Kirchner via his Twitter account after the first official results of the primary election showed her as the winner.
Uruguayan Presidential Legal Secretary, Alberto Breccia, assured that the statements made by former President of Uruguay, Tabaré Vázquez, indicating that he had considered armed conflict in 2006, “will not affect the intense and warm relationship we have with Argentina.”
US tobacco company Philip Morris International (PMI) announced today through a communiqué, the closure of their factory in Uruguay, due to the pressing demand placed on them by Uruguay’s anti-tobacco laws. The company announced that they will transfer the local production to neighbouring country, Argentina.
The power of the eruption of the volcanic complex Chilean Puyehue-Cordón Caulle is equivalent to the energy released by 70 atomic bombs or two percent of the world´s electrical power, according to a study published by Argentine investigators.
The trade relation Argentina has with Brazil does not have restrictions and “it’s common that some differences appear” when it counts with a bilateral trade that will reach the 40 billion dollars this year, sources from the Industry Minsitry affirmed.
Venezuelan President Hugo Chávez, who currently undergoes a treatment for cancer, said he has had a “beautiful” conversation with his Argentine counterpart Cristina Fernández de Kirchner, to whom he promised he will beat the disease.
Argentina and Brazil gave strong signals of a more relaxed dialogue in the serious bilateral trade conflict affecting both nations sparked by their respective import blockades, in a decision that seems to prioritize the Mercosur over their different realities.
"Trade flow problems between Argentina and Brazil continue to exist," Industry Ministry Executive Secretary Alessandro Teixera said, regarding the non automatic trade licenses conflict that flared between both countries a few months ago
Recovering from a surgery to remove a cancer tumor, Venezuela president Hugo Chávez expressed his condolences over the murder of Argentine singer Facundo Cabral in Guatemala city.
Official Brazilian sources assured that “the road back to a normalization of bilateral trade will be slow and hinges on the future meetings between both countries, since they were not able to solve their differences this week.”
Former Brazilian Industry and Foreign Trade Minister Miguel Jorge decided to weight in on the bilateral trade conflict currently affecting Brazil and Argentina, and surprisingly came out in defence of the Fernández de Kirchner administration, comparing President Rousseff’s move to impose non-automatic licenses on import vehicles to “firing a cannon ball.”
The head of the Mexican Bank, Agustin Carstens, aspiring chief of the International Monetary Fund, will arrive in Buenos Aires in the next hours, a source said. He will do so after his visit to Brazil, where he also is gathering support to back his bid as a successor of Dominique Strauss Kahn.
Brazilian president Dilma Rousseff's international advisor Marco Aurélio García lowered the tone of the trade conflict that began in Argentina and said that the relationship between both countries "is fine" despite the trade barriers that Brazil imposed on the import of Argentine cars.
Industry Secretary Eduardo Bianchi and his Brazilian counterpart Alessandro Teixeira began a bilateral approach in order to solve the trade conflict that sparked between the two Mercosur countries. They are scheduled to meet this Tuesday at 9 am.
Brazil and Argentina agreed to monthly meetings on commerce, Argentina said, as the neighboring countries try to soothe tensions that flared earlier this month over car imports.
The Merval panel of leading stocks index edged down 1.3 percent to 3,401.55 points. Meanwhile, Argentina's country-risk increased 3.4 percent to 525 basis points in the JP Morgan EMBI index.
The Brazilian government tried to soften the trade conflict with Argentina and called for the initiation of a “constructive dialogue” to resume the bilateral trade negotiations. Development, Industry and Foreign Trade Minister Fernando Pimentel published a letter in which he calls for a “dialogue” over the latest trade disputes.
In what may be seen as a good will gesture from Brazil to Argentina during the current trade conflict, Rousseff’s government decided to authorize 1,000 Argentine-made cars into the country that had been held at the border.
The panel of leading stocks index declined 1.5 percent to 3,405.92 points. The main indicator of the Brazilian stock market's average performance declines 1 percent to 66,616.88 points.
Argentina and Uruguay signed several treaties with the aim of improving bilateral trade, limiting rivers navigation and other issues, within the Second Binational Meeting of Ministers.
Venezuelan President Hugo Chávez reported he will begin in Buenos Aires his trip to Argentina, Uruguay, Bolivia and Colombia to strengthen bilateral relationships with these countries.
Uruguayan President José Mujica assured that internacional commerce “is a war” and added that the bilateral commerce problems his country has with Argentina are not going to be severe, after meeting his Argentina counterpart Cristina Fernández de Kirchner on Friday.
The panel of leading stocks index declined 0.01 percent at 3,426.28 points. Meanwhile, Argentina's country-risk dropped 5.8 percent to 556 basis points in the JP Morgan EMBI index.
The panel of leading stocks index dropped 0.2 percent to 3,467.72 points. Meanwhile, Argentina's country-risk rose 8 points and stood at 561 basis points in the JP Morgan EMBI index.
Uruguayan President José Mujica will meet with his Argentine counterpart, Cristina Fernández de Kirchner, to show his concern over the decision to require special import licenses for around 200 products.
A 59-year old Argentine woman was killed after being hit by a car in the Jureré Internacional Beach, in Florianópolis, Brazil.
President Cristina Fernández de Kirchner and her Uruguayan counterpart José Mujica agreed on the construction of a re-gasification plant during a meeting held at the Olivos presidential residence.
Economy Minister Amado Boudou is scheduled to meet today with his Brazilian counterpart Guido Mantega in Brasilia “to deepen the bilateral trade and promote joint exports,” an official communiqué reported.
The panel of leading stocks index declined 0.2 percent and stood at 3,538.38 points. Meanwhile, the Brazilian Bovespa stood at 67,684.99, climbed 0.2 percent.
The panel of leading stocks index edged down to 3,537.06 points falling 0.03% since its previous close, climbing 2.23% throughout the week.
Foreign Minister Héctor Timerman and his Uruguayan counterpart, Luis Almagro, confirmed that the construction of a pulp mill in Colonia de Sacramento, on the banks of the River Plate facing Argentina, will be based in the bilateral treaty.
Chile's government reached a deal to end a weeklong protest in the frigid far south, scaling back natural gas price increases amid threats of labour disruption.
Brazilian President Dilma Rousseff affirmed that Argentina is one of the “strategic actors” of her country’s foreign policy and anticipated that her visit to Buenos Aires will be focused in the commercial cooperation, the nuclear energy area and the coordination of multilateral organizations.
South American trade bloc Mercosur launched a plan to adopt common trade, investment and immigration policies to help underpin unprecedented economic growth in the region.
Argentina and Brazil agreed to put a new commercial scheme into practice in two years time for the motor industry. Investment is to be made, following the decision approved by chancellors who make up the Common Market Council of the Mercosur.
After news broke that the Uruguayan government authorized the installation of a new pulp mill on the River Plate next to the town of Colonia, Deputy Secretary of Environment, Jorge Patrone, said he hoped such decision “would not created a new diplomatic conflict with their neighbouring country.”
The Merval benchmark index rose 0.82 percent in early trade, closing at 3,418.87 points, registering a 4.5 percent raise so far December and a 46.7 lift in 2010.
The panel of local leading stocks index fell 1.49 percent to 3,332.71 points. The peso-denominated Discount bond dropped 0.9 percent.
The Merval leading stocks index increased 1.4 percent to 3,336.72 points. The peso-denominated Discount bond dropped 1.7 percent; whereas the peso-denominated Par bond 1.4 percent; Boden 2015, 1.1 percent. The US dollar traded for $4/$3.965 pesos, while the euro dropped two cents ($5.30/$5.19). Brazil's Bovespa declined 0.8 percent to 67,306.38 points.
Argentina coach Gerardo Martino has finalised the squad that will dispute two friendlies in Asia during October, calling up Lanús goalkeeper Agustín Marchesín, Boca's Fernando Gago and Leonel Vangioni of River as the team's locally-based contingent.
Paris St Germain made light of the absent Zlatan Ibrahimovic to claim a 3-2 Champions League victory over Barcelona, while Sergio Agüero's penalty could only earn Manchester City a point at home to Roma.
Argentina coach Gerardo Martino has welcomed Lionel Messi back into the international fold alongside a host of new faces, but despite high expectations Carlos Tévez was not among them as the Juventus forward missed out on the Albiceleste's Asian tour.
By Kim Mandel
No athlete competes thinking that he can’t win, that he has already lost. While some have better chances of winning, there are others who are trying to improve so they can do better in the future.
Captain Richie McCaw equalled a record for All Blacks appearances as the world champions sealed their third successive Rugby Championship title with a 34-13 victory over Argentina in La Plata today.
The Argentina tennis team came back from the brink of relegation to finish triumphant against Israel, winning 3-2 in a thrilling final day to preserve their status in the Davis Cup's premier World Group.
Argentina captain Lionel Messi was the architect of a surprisingly narrow Barcelona victory in their first match of the 2014/15 Champions League, while Sergio Agüero and Martín Demichelis' Manchester City were denied by a last-minute strike as they went down to Bayern Munich.
Argentina will face Brazil in the Davis Cup 2015 first round, the International Tennis Federation (ITF) has decided after the general annual meeting held today in Dubai, United Arab Emirates.
Leonardo Mayer has beat Israeli Bar Bozter in 6-3, 3-6, 6-2, and 6-1 and gave Argentina the first point in the Davis Cup match for World Group permanence held in the Florida city of Sunrise.
Carlos Berlocq could not outplay Israeli first singles Dudi Sela and lost 6-3, 6-7, 6-2 and 6-2. With the win, Israel tied the series 1-1, as Leonardo Mayer had beat Bar Bozter in 6-3, 3-6, 6-2 and 6-1 earlier.
Doubles pair Federico Delbonis and Horacio Zeballos could not take Israeli doubles Jonathan Erlich and Andy Ram, who beat the Argentine couple 3 sets to 2 in a Davis Cup World Group permanence match held in Sunrise City, Florida, in the US. Israel now leads the series 2-1.
The United States basketball team has qualified easily for the semi-finals of the World Cup, coasting past Slovenia 119-76 to book a last-four clash with Lithuania on Thursday.
Argentine tennis player Juan Martín Del Potro has announced he will not participate in the ATP Asian tour as expected because he has not yet re-gained “competitive level” after the operation he underwent in his right wrist.
Leonardo Mayer will kick off Argentina's key Davis Cup World Group play-off, as the world No. 25 prepares for the tie's opening match against Israel youngster Bar Botzer in the United States.
Argentina’s national basketball team pushed Greece hard but could not overcome the solid Europeans, eventually falling to a 79-71 defeat in the FIBA World Cup's Group B.
Juan “Pico” Mónaco has announced he will not take part in the Argentine Davis Cup team that will face Israel in the US for World Group permanence due to an injury in his right wrist.
Brazil crushed the national team’s dreams for a place in the FIBA World Cup quarter-finals with a 85-65 victory.
Argentina’s national basketball national team booked their place in the FIBA World Cup last-16 with a convincing win over Senegal, prevailing 81-46 in a one-sided contest in Spain.
New Argentina coach Gerardo Martino affirmed that he was delighted with his players in a 4-2 victory over Germany, the first match in the national team for the man who replaced Alejandro Sabella.
Argentina coach Gerardo Martino has called up midfielders Erik Lamela and Nicolás Gaitán to his squad to take on Germany this Wednesday, after the new trainer saw his preparations for the friendly match disrupted by injury.
Just one day before beginning his reign as Argentina coach with a friendly against Germany, Gerardo Martino admitted that he faced a huge challenge with the nation and that he held a great responsibility at the helm of the World Cup finalists.
Argentine Davis Cup coach Martín Jaite has chosen the four players that will represent the South American nation against Israel in the US, in a match for World Group permanence to be played between the 12th and 14th of September at the Sunrise Tennis Club.
The national basketball team lost 90-85 to Croatia, in its second match after yesterday’s perfect start against Puerto Rico, when coach Julio Lamas' team won 98-78.
Lionel Messi picked up a hamstring strain in Barcelona's 1-0 victory over Villarreal in La Liga, and is now likely to miss Argentina's friendly against Germany on Wednesday.
The Argentina national basketball team signed off pre-World Cup preparations with another reverse, this time against Spain, who defeated a depleted side 86-53 in their last friendly..
Argentina national basketball team beat Puerto Rico 98-75 in its World Cup campaign in Seville, Spain. The match for Group B started at 12.30pm (Argentine time) at the Sevilla Arena.
New Argentine coach Gerardo “Tata” Martino has said the main objective in the upcoming match of the Albiceleste against World champion Germany is not the score but to “transmit” a new “idea” of play.
Argentina's Davis Cup tennis captain Martín Jaite has named his final squad for the international tournament, after announcing that he will step down after the World Group play-off with Israel in September.
New Argentina coach Gerardo Martino sprung no surprises as he named his first squad as head of the national team, picking the same players who reached the final of the World Cup last month for an upcoming friendly against winners Germany.
Former tennis player José Luis “Batata” Clerc has spoken with head of the Argentine Tenis Association (AAT) Héctor Romaní and offered to replace Davis Cup coach Martín Jaite after the match Argentina will play against Israel in September.
Born on November 20, 1962 in Rosario, Martino was a midfielder and captained Newell's Old Boys where he spent the bulk of his playing career before coaching Paraguay to the World Cup quarter-finals for the first time in 2010.
Israel today presented the US city of Sunrise as their preferred venue to play the upcoming Davis Cup play-off against Argentina, with Cyprus capital Nicosia another possibility for the World Group relegation tie.
Argnetina's Davis Cup tie against Israel originally scheduled for Tel Aviv next month has been moved to Florida, the International Tennis Federation (ITF) said.
The Davis Cup play-offs between Argentina and Israel will not take place in Tel Aviv as it was planned for September 12-14 due to the ongoing armed conflict in Gaza, the International Tennis Federation said.
Former Newell's Old Boys coach Gerardo Martino has held his first meeting with directors from the Argentine Football Association (AFA), who hope to make the Rosario native the successor to Alejandro Sabella in charge of the national team.
Argentine Olympic medallist and national lightweight boxing champion Abel Laudonio died at 75, his wife Nora Mabel Bello confirmed.
Argentina captain Lionel Messi and FIFA president Sepp Blatter are among leading figures in world soccer expected to attend the wake of former Argentine FA president Julio Grondona today.
The Argentine basketball team lost today 68-59 to locals Brazil in the Three Nations Cup final match in Río de Janeiro, an exhibition tournament that serves as preparation before the 2014 Spain World Cup.
The Argentine national basketball today presented the shirts that will be used in the upcoming World Cup, electing to use the number of absent superstar Emanuel Ginobili for the display model shown in the Buenos Aires planetarium.
The Argentina national team could be without one of its stars in the upcoming basketball World Cup in Spain, after Emanuel Ginóbili was today informed by the San Antonio Spurs that, due to injury, he would not be allowed to take part in the competition.
Alejandro Sabella, who steered Argentina to the World Cup final in Brazil, has decided to quit as national team coach, Argentine Football Association (AFA) president Julio Grondona confirmed today to reporters.
Argentinos Juniors president Luis Segura will take over at the top of the Argentine Football Association (AFA), after the death of current chief Julio Humberto Grondona earlier today.
Argentine basketball player Manuel Ginóbili revealed today he is suffering from a stress fracture in his right leg and might miss the 2014 basketball World Cup to be played in Spain from August 30 to September 14.
Argentina national team coach Alejandro Sabella will finally meet next week with Argentine Football Association (AFA) President Julio Grondona, as talks between the two to discuss the trainer's continuity were postponed today.
Argentine football icon and former Albiceleste coach during the South Africa 2010 World Cup Diego Armando Maradona say today Argentina played “badly” in the Brazil World Cup, and stated Messi had a better performance playing with him than with coach Sabella.
The Argentine mens' hockey team beat England 2-0 to win today's World Cup bronze-medal match in The Hague, Netherlands, while the hosts went down in the final to Australia.
Spain's public prosecutor has asked a judge to dismiss charges against Lionel Messi for alleged tax evasion, arguing his father was responsible for his finances and not the Barcelona forward.
River Plate's new coach Marcelo Gallardo will have his first chance to meet the squad tomorrow, when he takes over the start of pre-season training at the current champions of Argentine football.
Independiente's suffering in the second tier of Argentine football has come to an end almost exactly a year after going down, as the Avellaneda side vanquished Huracán 2-0 to regain their place in the Primera División.
The Argentina national team have enjoyed a positive start to pre-World Cup preparations as they lead Trinidad & Tobago 3-0.
The Six Nations champions began life without the talismanic Brian O'Driscoll by eventually easing to victory in Resistencia.
The Argentina women's hockey team left it late to grab an agonising 2-1 victory over England, reaching the semi-finals of the World Cup with a last-minute goal. The men also tasted victory with a 5-0 drubbing of South Korea.
Argentina’s national team for Brazil World Cup joined Twitter today, with the verified @Argentina account.
Argentina coach Alejandro Sabella has decided on the 23 men who will represent the nation in the 2014 World Cup, with José Sosa, Nicolás Otamendi and Ever Banega missing out on a place in the final squad.
Argentina coach Alejandro Sabella has confessed that he left the confirmation of the 23 men who will represent the 'Albiceleste' in the 2014 World Cup to the very last minute, as he grappled with doubts over who would miss out on the Brazil-based tournament.
Rivals Brazil and Argentina are set to meet in the World Cup final in July, with the host country winning the title for a record sixth time, US investment bank Goldman Sachs have predicted in a report.
Boca Juniors midfielder Fernando Gago proved his fitness and declared himself confident as Argentina's World Cup hopefuls carried out their first open training session, while coach Alejandro Sabella named Maxi Rodríguez as the replacement for Di Maria on the left.
The Argentina women's hockey team, 'Las Leonas', enjoyed a winning start to their World Cup campaign as they took down South Africa 4-1, while the men's team went down to hosts the Netherlands in The Hague.
Argentina coach Alejandro Sabella has confirmed that tomorrow he would make the first cuts from a provisional list of 30 players ahead of the 2014 World Cup, while admitting that he still was not certain about the composition of the final 23-man squad.
Argentina coach Alejandro Sabella has reduced his preliminary World Cup squad to 26 players, after Lisandro López, Gabriel Mercado, Fabián Rinaudo and Franco Di Santo were told that there services would not be required in Brazil 2014.
Argentina coach Alejandro Sabella has affirmed that his objective is to put the 'Albiceleste' among the top four nations at the 2014 World Cup, as his charges began training today ahead of the tournament held in Brazil during June and July.
Real Madrid attacking midfielder Ángel Di María has suffered an edema in a muscle in his left leg, banishing worries that the Argentina international had torn the muscle while ruling him out of play until the final of the Champions League, on May 24.
Martín Demichelis, Gabriel Mercado, Fabián Rinaudo and Franco Di Santo were surprisingly included in Argentina's provisional World Cup squad, while Carlos Tevez was left out.
Argentina’s forward Lionel Messi has arrived in the country, ready to “switch gears” and have a great World Cup with the national squad after a lacklustre performance this season at Barcelona.
Boca Juniors midfielder Fernando Gago has suffered a ligament injury affecting his left knee, which will rule the player out for the rest of the Final championship and also puts in doubt his fitness for the upcoming World Cup in Brazil.
Two goals in 10 first half minutes from Sebastian Giovinco and Fernando Llorente were enough for Juventus to close in on their third straight Serie A title with a 2-0 stroll at Udinese today.
Inter president Erick Thohir has confirmed that veteran Argentine defender Javier Zanetti will hang up his boots at the end of the current season, putting an end to his illustrious football career at the age of 40.
Argentina's international rugby B team Los Pampas XV are celebrating today after lifting the Pacific Cup in Australia, downing Reds A in the final 36-21 to cap an unbeaten campaign in the tournament.
Two goals in seven first-half minutes from Carlos Tevez kept Juventus on course for a third successive Serie A title with a 2-1 win over Parma which ended the away side's 17-match unbeaten run and set a record of 15 straight home wins in a season.
Argentina and Romania drew 0-0 in Bucarest this afternoon in the final trial before manager Alejandro Sabella presents the squad list for the World Cup finals in Brazil.
The ex Inter Milan and Lazio striker and the top scorer in the Argentine league this year, has turned down an offer from Chile to be part of their World Cup squad.
Sergio Romero will be Argentina's first-choice goalkeeper at the World Cup in Brazil in June despite spending most of his time at Monaco on the bench, national coach Alejandro Sabella said.
Lionel Messi's first-half goal earned Barcelona a 1-1 draw and a 3-1 aggregate win over Real Sociedad, setting up their fourth King's Cup final in six years.
German sports apparel manufacturer Adidas has unveiled the away shirt that Argentina will use during the 2014 World Cup in Brazil, which combines different shades of blue in its banded design.
A wonderful strike from former Argentina international Carlos Tévez proved the difference for Serie A leaders Juventus, as they defeated Turin rivals Torino 1-0 to maintain a nine-point lead at the top of the Italian championship.
Carlos Tevez scored two early goals for Juventus before the Serie A leaders squandered the lead in a 2-2 draw at Verona today.
Alejandro Sabella appears to have once more closed the doors on Carlos Tevez making the Argentina squad for the World Cup, affirming that his final list is unlikely to contain surprises.
The Argentine striker flicked home Jose Callejon's mishit shot with eight minutes left to squeeze past a well-organised Lazio side and set up a potentially fiery clash with Roma, who are six points ahead of third-placed Napoli in the Serie A table.
Italy’s Fabio Fognini and Simone Bolelli beat Argentina’s Horacio Zeballos and Eduardo Schwank in four sets in Mar del Plata’s “Patinódromo”. Italy now wins the series 2-1
The 2014 Dakar Rally began with motorbikes and cuadbikes setting off from the city of Rosario, Santa Fe province, with a large crowd turning out in the morning to see competitors take off in the famous race.
Bolstered by the Argentine, who started for the first time in 2014, Barcelona had to come from a goal down to rescue a 1-1 draw at mid-table Levante today, leaving Atletico Madrid with a chance to go top of La Liga.
European football governing body UEFA has announced that an aerosol invented by an Argentine to mark out distances at free kicks would be tested at the upcoming European Under-17 Championships.
Edgardo Bauza today met with San Lorenzo’s president Matías Lammens and closed the deal which confirms the Rosario native as the new Ciclón head coach.
Argentina will play Romania in a friendly in Bucharest on March 5 and complete their World Cup warm-up programme at home to Slovenia on June 7.
Barcelona forward Lionel Messi is hoping for an injury free 2014 as his recovery from a thigh injury nears completion, the World Player of the Year said today.
Juventus will end 2013 five points clear at the top of Serie A after a 4-1 victory at Atalanta stretched their winning league run to nine games.
Valencia have completed the appointment of Argentine coach Juan Antonio Pizzi to replace the sacked Miroslav Djukic, the La Liga club said today.
Barcelona coach Gerardo Martino has revealed that there is still no definite date set for the return of Lionel Messi to first-team duty, as the Argentine continues his recovery from a muscle tear suffered three weeks ago.
Napoli suffered an agonising exit from the Champions League after beating Premier League leaders Arsenal 2-0 this afternoon, with Argentine Gonzalo Higuain hitting the first goal.
Football legend Diego Maradona has predicted that Argentina will lift their third World Cup in Brazil next year, although to do so they will have to defeat the hosts, according to the outspoken former star.
Barcelona forward, Argentine Lionel Messi, will be out for between six and eight weeks with a hamstring injury, the La Liga leaders said today.
Lionel Messi has completed the first stage of his recovery from a thigh strain and will travel to native Argentina tomorrow as planned to continue treatment, his club Barcelona confirmed.
Lionel Messi has completed the first stage of his recovery from a thigh strain and arrived to Argentina today as planned to continue treatment.
Barcelona booked their place in the Champions League last 16 with two games to spare when a Lionel Messi double and a Sergio Busquets header secured a 3-1 home win over AC Milan in Group H.
Two goals from Gonzalo Higuaín helped Napoli to win a thrilling match with Marseille 3-2 in Group F of the Champions League. He scored the second goal with 15 minutes remaining to settle a superb contest.
Argentina captain Lionel Messi was forced to retire from Barcelona's clash against Real Betis after just 20 minutes on the pitch, raising fears of a new injury for the four-time Ballon d'Or winner.
Barcelona coach Gerardo Martino has affirmed that he is unworried by the lack of goals scored by Lionel Messi in recent outings, as he prepares for a Catalan derby against city rivals Espanyol tomorrow.
Argentina coach Alejandro Sabella has announced the squad that will play two US friendlies in November, calling up three new defenders as preparations for the 2014 World Cup in Brazil get underway.
Argentina's dream of lifting the Under-17 Football World Cup was shattered by a 3-0 reverse to Mexico, who will move on to play Nigeria in the showpiece match of the tournament in the United Arab Emirates.
Argentina named Daniel Hourcade as national rugby team coach for the Pumas' Europe tour, with a view to keeping him on until the 2015 World Cup in England.
The Argentine national football team will make use of Atletico Mineiro's facilities during the 2014 World Cup in Brazil, basing their 'bunker' in the Belo Horizonte city.
Barcelona and Argentina star Lionel Messi has been included among a 22-man shortlist for the prestigious FIFA Ballon d'Or award, the seventh consecutive season that he has achieved the distinction.
Juan Martin del Potro kept his errors to a minimum as the Argentine breezed past Spain's Nicolas Almagro 6-3 6-3 to march into the semi-finals of the Shanghai Open today.
Santiago Phelan has resigned as Argentina coach ahead of the Pumas' European tour that includes tests against England, Wales and Italy next month, the Argentine Rugby Union (UAR) said today.
Leandro Somoza and Gabriel Mercado were two surprise inclusions in Alejandro Sabella's Argentina squad to face Perú and Uruguay, as the national team saw several players pull out through injury.
Argentine national football team coach Alejandro Sabella has named the 11 players who will start tomorrow's World Cup qualifier against Perú, confirming that Ángel Di Maria will lead the side out as captain in the Monumental.
Horacio Zeballos and Leonardo Mayer both achieved victory for Argentina in today's Davis Cup clashes against the Czech Republic, leaving the international tennis tie 3-2 in favour of the Europeans.
The Argentina national basketball team have secured their passage to the 2014 World Cup in Spain, after beating 73-67 in the final match of the qualifying round's second phase.
US Open doubles champion Radek Stepanek beat Juan Mónaco in the opening singles of the Czech Republic's Davis Cup semi-final. Stepanek marked superiority with a 7-6, 6-3 and 6-2 victory.
Argentina must come back from the abyss of lost identity and pride as a rugby team by recovering their strengths in defence and fighting spirit when they face South Africa again in Mendoza, centre Marcelo Bosch said.
Argentina's injured captain Lionel Messi has been named in a squad missing the suspended Javier Mascherano and Gonzalo Higuain for next month's World Cup qualifier against South America's bottom side Paraguay.
Argentina football legend and World Cup winner Diego Maradona has launched strong criticism of the current national team under Alejandro Sabella, in stating that he does not have faith in how the coach does his job.
Lionel Messi will not lead Argentina against Italy in tomorrow's friendly in Rome after pulling out with muscle fatigue, Argentine media reported.
Paris Saint-Germain and Argentina forward Ezequiel Lavezzi took advantage of a visit to the Vatican City to 'steal the throne' from Ballon d'Or holder Lionel Messi, as he cheekily made himself comfortable in Pope Francis' chair during a team photo.
Goals from Gonzalo Higuaín and Ever Banega helped the Argentine national football team to overcome Italy 2-1 in Rome's Stadio Olimpico, in a match organised in honour of Pope Francis.
Carlos Tevez has abandoned any hope of returning to international duty with Argentina and says he almost turned his back on football entirely before joining Juventus in June.
The Argentine national football team, with captain Lionel Messi a fitness worry, has trained for the first time in Rome's Stadio Olimpico, ahead of a friendly match against their Italian counterparts in honour of Pope Francis.
The Argentine and Italian national soccer teams visited Pope Francis today in a 15-minute private audience held at the Vatican ahead of the friendly match they will play tomorrow in Rome.
Argentina international midfielder Fernando Gago addressed the press for the first time since his return to Boca Juniors was confirmed, and asserted that his club "are always favourites for the title" as he readied himself to fight for the 2013 Inicial trophy.
Striker Sergio Aguero is missing from the squad named by coach Alejandro Sabella for Argentina's friendly against Italy in Rome next month.
Argentine second seed Juan Mónaco today beat Spain's Albert Montanes by 7-6(2) 7-5 8 in the semifinals of the Kitzbuehel Austrian tournament, and will face also Spanish Marcel Granollers in the last round.
South Africa have moved next month's Rugby Championship clash against Argentina from Bloemfontein to Soweto as part of a unique double-header that will also see the national soccer team play at the same venue.
The national football teams of Italy and Argentina will play a friendly in Rome on August 14 in honour of Pope Francis, the Italian Football Federation (DIGC) confirmed.
Juventus forward Carlos Tévez gave a definitive response when asked if he would be returning to a place in the Argentine national football team, calling on coach Alejandro Sabella to explain why he has not picked the Fuerte Apache native since taking over.
The Barcelona's Argentina forward Lionel Messi has declared on his Facebook page that he is "surprised" by accusations of tax avoidance.
Barcelona striker Lionel Messi, who is under investigation in Spain for tax fraud allegations, paid €10 million to the Spanish tax authorities to correct tax returns for 2010 and 2011, according to Spanish media reports.
Striker Lucas Pratto scored the winner and goalkeeper Sebastian Sosa saved a penalty as 10-man Velez Sarsfield beat Newell's Old Boys 1-0 to be crowned grand champions of the Argentine league season.
France's Sebastien Loeb won the Rally of Argentina for the eighth year in a row in a Citroen.
Soccer great Diego Maradona insulted reporters and kicked a photographer after arriving home in Buenos Aires on a visit from Dubai, where he works as a sports ambassador.
Ahead of Argentina’s World Cup qualifying match with Bolivia in La Paz tomorrow, Bolivian President Evo Morales yesterday revealed he is planning to decorate Argentine soccer star Lionel Messi, whom Morales said he “respects and admires” for his “human and sporting qualities.”
After this morning's heads-up draw held at La Usina del Arte arts centre in La Boca BA City neighborhood, tomorrow's opening day of the Davis Cup's quarterfinals will see Carlos Berlocq facing Jo-Wilfried Tsonga, and Juan Mónaco against Gilles Simon.
Boca Juniors tied 1-1 with Argentinos at the Bombonera stadium despite their best efforts and having their eyes set on the cup. Bianchi's team managed to score a penalty but Caruso Lombardi's team managed to catch up with them.
Argentina's national footbal team wins Venezuela 2-0 in the eliminatory round for the 2014 World Cup.
Argentina reaches the Davis Cup quarterfinals with a 3-0 unbeaten lead after two days of competition as Nalbandian-Zeballos beat Kas-Kamke in four sets. They will next host France in April. Today, the reverse singles.
Argentina coach Alejandro Sabella has praised Lionel Messi as "more than a player" as his side prepares to take on Sweden on a Wednesday FIFA friendly in Stockholm.
A European police investigation into a huge football match-fixing and betting ring has reopened questions about an under-20 friendly between Argentina and Bolivia two years ago.
Australian Paul Smith ended up first in the eleventh stage of the Rally Dakar, while Argentina's Marcos Patronelli was in the third place, but still head the overall ranking.
Argentina’s Davis Cup captain Martín Jaite has called David Nalbandián, Juan Mónaco, Horacio Zeballos, and Carlos Berlocq to be part of the squad hat will face Germany on February 1-3 at Parque Roca stadium in Buenos Aires.
Tigre put in an excellent performance to beat Venezuela’s Deportivo Anzoátegui 3-0 in the away leg of the Libertadores Cup preliminary round to win on a 5-1 aggregate and qualify for first round group 2.
The Argentine football team seemed disingenuous for 90 minutes and ended up tied 2-2 with Bolivia in the third round of the Sub 20 South American Championship, taking place in Mendoza and San Juan.
Manchester City forward Carlos Tevez, who’s been absent at the national team since Coach Alejandro Sabella took the reigns by the end of 2011, revealed today that “even though always feel like playing for Argentina, I assume and understand that the team doesn’t need me right now.”
Argentine quad rider Marcos Patronelli ratified his position after winning the fourth stage of the Rally Dakar 2013, which covers 288 kilometres from the Peruvian towns of Nazca and Arequipa.
Argentina's U-20 national football team failed to achieve its first victory in the South American Cup after being defeated by Paraguay by 2-1.
One of Lionel Messi's key strengths is that his approach to the game is the same now as it was when he was a teenager, his Barcelona coach Tito Vilanova said of the record-breaking Argentine today.
The 34 edition of the Rally Dakar kicked off with the first bikes and quads from the beaches in Lima, Peru, in a competition that will also reach Argentina and end at Chile.
Top-scorer Facundo Ferreyra struck twice to give Vélez Sársfield a 2-0 home win over Unión which clinched Argentina's "Inicial" championship.
Tigre drew without goals with Brazil's San Pablo during the first leg of the Sudamericana Cup, held in Boca Juniors' stadium.
On the verge of their two exhibition matches, Roger Federer and Juan Martín del Potro gave a press conference today in Northern Greater Buenos Aires district of Tigre in company of Argentine tennis legend Guillermo Vilas, and local mayor Sergio Massa.
Argentina have made four changes, three in the backs, to face Ireland in Dublin in the third and final test of their European tour on Saturday.
Argentina's MotoGP race next year has been dropped from the calendar and will not be replaced after motorcycling bosses ran out of time to solve a row involving Spanish oil firm Repsol and the Spanish and Argentine governments.
Cabinet Chief Abal Medina met today at the Govermnent House with Security Secreatary Sergio Berni and the president of Independient club, Javier Cantero after the volent incidents at Independiente's stadium which last Wednesday forced authorities to suspend the match against Belgrano.
Midfielders Oscar Ahumada (All Boys), Francisco Cerro and Iván Bella (Vélez Sársfield) and Pablo Pérez (Newell's) are some of the new players summoned by Argentina's national football team coach Alejandro Sabella to play on Wednesday against Brazil for the second leg of the Americas Superclassic Cup.
Argentina prop Juan Figallo was banned for three weeks for head-butting France captain Pascal Pape in his side's 39-22 loss on Saturday.
Argentina's top-seeded tennis player, Juan Martín Del Potro, defeated Serb Janko Tipsarevic by 6-0 and 6-4, and will now face Swiss Roger Federer to define who will play in the London Masters' semis.
Lionel Messi keeps making history. Barcelona and Argentina's forward netted twice against Mallorca and has beaten - with 76 - Brazilian player Pelé's record of goals scored in one calendar year.
Lionel Messi failed in his bid to set an outright record for the most Argentina goals in a calendar year as his side were held 0-0 by Frank Rijkaard's Saudi Arabia in a friendly at the King Fahd Stadium in Riyadh.
Juan Martín Del Potro, Argentina's top-seeded player, lost to Spain's David Ferrer (4) by 6-3, 3-6 and 6-4, in his debut at London Masters' Group B.
With plenty of movement in the latest edition of the FIFA World Ranking, Spain at top and Germany in second-placed remain unchallenged, while Argentina’s move into third place following wins over Uruguay and Chile edging Portugal down to fourth.
Arsenal defeated Boca Juniors in a penalty definition and was crowned the first champion of the Supercopa Argentina Cup.
Centre Gonzalo Tiesi has recovered from injury and shown good form in the Buenos Aires club championship earning a place in Argentina's squad for next month's European tour.
Argentina's national football team's coach, Alejandro Sabella, unveiled the list of players summoned for th friendly match against Saudi Arabia to be held on November 14 in Riyadh.
Argentine tennis players Juan Martín del Potro and Juan Mónaco were ousted almost simultaneously in the pre-quarter finals of the Paris Masters.
The second leg of the Américas' super-classic cup between Argentina and Brazil will be held at Boca's La Bombonera stadium on November 21, according to the South American Football Confederation (CSF).
Paraguay's Cerro Porteño ousted Argentina's Colón from the Sudamericana Cup after beating it by 2-1 in the match for the pre-quarter finals' second leg held at Asunción.
The second leg of the Americas' Superclassic Cup between Argentina and Brazil had to be suspended after the Bicentenario Stadium in Chaco province suffered a power cut.
Stopping Lionel Messi is the primary concern of South American teams facing Argentina in the World Cup qualifiers. This week it is Uruguay's turn.
Paraguay's Cerro Porteño defeated Argentina's Colón by 2-1 at the Brigadier General Estanislao López stadium in the match for the pre-quarter finals' first leg of the Sudamerican Cup.
Argentina climbed three positions in the FIFA rankings after beating Gemrany 3-1 in a friendly, and clinching four World Cup qualifying points as result of September's 3-1 win against Paraguay at home and 1-1 draw against Peru in their visit to Lima.
Neymar converted a penalty with the final kick of the match to hand Brazil a 2-1 win over arch-rivals Argentina in a friendly international at the Serra Dourada in Goiania.
Ecuador's Deportivo Quito defeated Argentina's Tigre by 2-0 in the match for the pre-quarter finals' first leg of the Sudamericana Cup.
Argentina's national football team's coach Alejandro Sabella unveiled the list of players summoned for the next Brazil 2014 World Cup qualifiers matches against Uruguay and Chile, to be held on October 12 and 16, respectively.
Argentina already had grounds for confidence heading into their Rugby Championship test against Australia on the Gold Coast this weekend and the absence of Wallabies scrumhalf Will Genia has given them some more.
Tomas Berdych defeated Carlos Berlocq in three sets to put the Czech Republic into the Davis Cup final against Spain.
Striker Luis Fabiano has earned a Brazil recall for the first time since the 2010 World Cup after being named in the squad to play Argentina in a friendly later this month.
Gonzalo Higuaín's equaliser salvaged a point for Argentina in a disappointing 1-1 draw against Peru in their 2014 World Cup qualifier at the Estadio Nacional.
Juan Martín del Potro has confirmed his presence for this weekend’s Davis Cup semifinal against the Czech Republic as Argentina bid to reach the Cup Final for the second straight year.
Veteran lock Nathan Sharpe has been named to lead Australia against Argentina in their Rugby Championship clash on Saturday, the third captain named by Wallabies coach Robbie Deans this season.
Argentina coach Santiago Phelan has kept faith with the forward pack that made life difficult for New Zealand last week and made just two changes to his backline for their Rugby Championship clash against Australia on Saturday.
On the verge of tonight qualifier between hosts Peru and Argentina, the torrid environment can already be perceived. A good –or bad, very bad- example is that of Peruvians fans stoning the bus that was waiting for taking the Argentine players back to their hotel after their practice at the National Stadium.
Peru's mission to stall Lionel Messi and the Argentine juggernaut at home in their World Cup qualifier on Tuesday may see the team seek inspiration from a famous victory over their South American rivals in Lima 27 years ago.
World number eight Juan Martín del Potro is in doubt with a left wrist problem for Argentina's Davis Cup tennis semi-final at home to Czech Republic this week, captain Martin Jaite said.
World number seven Tomas Berdych will lead the Czech Davis Cup team in their semi-final clash against Argentina later this month.
Argentina have been warned to expect a surprise when they face Paraguay under new coach Gerardo Pelusso in a World Cup qualifier in Cordoba on Friday.
Argentina's national football team coach Alejandro Sabella still has doubts to define the team that will face Paraguay for the World Cup qualifiers on Friday.
The coach of Argentina's national football team, Alejandro Sabella, summoned Boca Juniors' goalkeeper Oscar Ustari to join the team that will face Paraguay and Peru for the World Cup Brazil 2014 South American qualifiers.
Argentine hopes for a first victory over world champions New Zealand were boosted today when flyhalf pivot Juan Martín Hernández and openside flanker Juan Manuel Leguizamón were named in the side after returning from injury.
Brazil stayed outside the top ten of FIFA's highly questioned ranking system, with England, Denmark and Greece all ahead of the five-times world champions. Argentina remain seventh.
After returning from his long stay in Europe’s prime leagues, it took few weeks for Newell's Old Boys midfielder Maximiliano Rodríguez to give away his verdict on football in Argentina: “It’s worse than 10 years ago.”
Striker Hernán Barcos of Brazilian side Palmeiras was a surprise inclusion in the Argentina squad that coach Alejandro Sabella named for next month's World Cup qualifiers.
South Africa's lack of experience was a major factor in their shock 16-16 Rugby Championship draw with Argentina at the weekend but coach Heyneke Meyer does not plan to make wholesale changes for upcoming tests against New Zealand and Australia.
Germany midfielder Lars Bender is eagerly anticipating today's international friendly against Argentina, and is relishing the prospect of locking horns with Lionel Messi again in particular.
Finally getting the opportunity to play in a regular competition against top tier nations would be "tough" but equally as rewarding, according to former Argentina captain Agustín Pichot.
Lionel Messi missed a first-half penalty but made amends with a superb second-half goal as Argentina outclassed Germany 3-1 in a friendly match.
Argentina's Miguel Correa and Rubén Rézola qualified to the kayak double (K2) 200m men's finals and add up a new olympic diploma, after ending at the third place at the London 2012 Olympic Games semi-finals held at Eton Dorney Rowing Centre.
Argentina's women's hockey team captain Luciana Aymar, regarded as the game's finest female player, refused to close the door on her international career after her team lost the Olympic gold medal final.
Argentine athlete Jennifer Dahlgren has a frustrating debut in the women's athletics hammer qualifying round Group B with no mark as the result of three null attempts, thus leaving the competition in the last position.
World champions Argentina will fight over Olympic women's hockey gold with title holders Netherlands on Friday in what could be a fast, thrilling and open match between the two top ranked teams in the world.
Argentina Gonzalo Tellechea reached the 38 place at the Olympic triathlon held at London's traditional Hyde Park over 54.5 kilometres of swimming, cycling and running.
The US men's basketball team pulled away in the second half of a bad-tempered game against Argentina and claimed a 126-97 victory to claim a top seeding in the Olympic tournament's quarter-finals.
Argentina's men's field hockey team achieved its first victory at London 2012 Olympic Games after defeating South Africa by 6-3 in the fifth and last round of the Group A.
Argentina defeated Great Britain by 3-0 (25-18 25-18 25-15) at the Olympic men's volleyball Group A match, thus qualifying to the tournament's quarter-finals.
Following the Argentine athletes in London? Here are Sunday's results from all of the categories involving members of Argentina's team.
Follow the Argentine team at the London Olympics with this day-by-day guide showing all the Argentine athletes' schedules, across all categories.
The Argentine men’s handball team lost 13-29 to Sweden in a match for the third round at the Olympic Games in London. The Gladiators were clearly defeated by the powerful Swedish team.
Julio Alsogaray won the seventh men's Laser Radial race, but was disqualified in the eighth race. Nevertheless, he still has chances of winning a medal because he remains tenth in the overall ratings.
Argentine rower Santiago "Pollo" Fernández ended up at the tenth place at the single scull at the London 2012 Olympic Games, after entering at the fourth place at the final B held at Eton Dorney lake.
Argentina’s Juan Martín Pereyra failed to qualify for the 1500 metre men’s swimming final at the Olympic Games today, after finishing up last in his heat at the freestyle qualifiers. Pereyra swam in heat three of the freestyle qualifiers coming in seventh behind British swimmer Dave Davies.
Poland defeated Argentina 3-0 (25-18, 25-20, 25-16) in a men’s volleyball third round (Group A) match of the London Olympic Games today.
Argentina's national men's handball team made history after achieving its first victory at the Olympic Games against Great Britain by 32-21.
Federico Grabich finished in the eight and last position in men's 50m freestyle Heat 5 with a time of 23.30 and 0.87 behind Belgian Jasper Aerents who ended first with a time of 22.43.
The Netherlands beat Argentina 2-0 (21-12; 21-16) at Horse Guards Parade in London in Match 31 of the women's beach volleyball pool d at the 2012 London Games.
Argentine fencer María Belén Pérez Maurice had quick debut and farewell in the Olympic Women’s individual sabre Round of 32 after losing 15-10 to Italian Gioia Marzocca.
Pakistan, who has won the gold medal in three opportunities, defeated Argentina's national men's hockey team 2-0 in the match for the London 2012 Olympic Games' Group A.
Benfica have signed Atlético Madrid and Argentina winger Eduardo Salvio on a five-year contract, the Portuguese Premier League club said.
Italy beat Argentina 3-1 (25-17, 20-25, 25-17 and 25-23) in a men's volleyball Group A game prevailing. The team coached by Javier Webber will face Poland on next Thursday in a crucial match to keep the aim at the olympic podium.
Argentina's national women's field hockey team stumbled once again against the United States and faced the first defeat in the Olympic Games in a match that lacked accuracy in the penalty corners.
Britain defeated Argentina's national men's hockey team by 4-1 in the debut of the team coached by Pablo Lombi in the London 2012 Olympic Games.
Follow the Argentine team at the London Olympics with this day-by-day guide showing all the Argentine athletes' schedules, across all categories.
Female field hockey player Luciana Aymar headed the Argentine delegation into the Olympic stadtium during the opening ceremony in London.
Follow the Argentine team at the London Olympics with this day-by-day guide showing all the Argentine athletes' schedules, across all categories.
Following the Argentine athletes in London? Here are Friday's results from all of the categories involving members of Argentina's team.
The head of the International Olympic Committee Jacques Rogge assured he was "glad" that President Cristina Fernández de Kirchner had called the Argentine athletes to avoid demonstrations over the Malvinas Islands sovereignty during the Olympic Games of London 2012.
After a forgettable performance before Spain, the Argentine national basketball team lost 86-81 before the United States. But as the opening of the Olympics approaches, Lamas’ team seems to have bounced back in a respectable game.
It was the narrowest winning margin yet for the US basketball team in the run-up to defending their Olympic title, but coach Mike Krzyzewski said the 86-80 victory over Argentina provided a valuable lesson for his squad.
Independiente's injury-plagued former Barcelona and Argentina defender Gabriel Milito has decided to retire at the end of the Argentine season.
Brazil’s centre-back Bruno Uvini has described Lionel Messi as "the best player in the world" but warned that the “Canarinha” will have to respect Alex Sabella’s team as a whole and not solely concentrate on stopping the Barcelona star in Sunday's friendly clash with Argentina in US soil.
Argentina's national football team coach Alejandro Sabella presented the players' list that will face Brazil. Midfielder José Sosa will replace forward Sergio "Kun" Agüero.
Holder Rafael Nadal of Spain bulldozed into the French Open quarter-finals with an awe-inspiring 6-2 6-0 6-0 demolition of Argentine 13th seed Juan Mónaco today.
Boca Juniors’ Juan Román Riquelme admitted he wishes to “assist Lionel Messi once again”, and considered the Barcelona FC's striker as “the best of the world”, showing that the playmaker is willing to wear Argentina’s national football team’s shirt again.
Argentina climbed two places to seventh in the latest FIFA rankings published today, while the high tone was given by Uruguay, who have moved above Germany to become the second-highest ranked team behind world and European champions Spain.
Argentina's decision to play their four world class forwards was fully justified in a crushing 4-0 win over Ecuador that put them top of the South American World Cup qualifiers.
Boca Juniors, still on top of the Clausura tournament, managed to classify for the finals of the Argentina Cup after beating Deportivo Merlo 5-4 by penalties. The match had ended up in a 1-1 tie at the Bicentenario stadium in Catamarca.
Lionel Messi appeared before journalists after his first training with the national team on the verge of Saturday’s qualifier against Ecuador.
Ninth-seeded Argentine player Juan Martín del Potro advanced to the next round of the French Open after winning against Croatian Marin Cilic by 6-3, 7-6, 6-1.
Argentina's national football team coach Alejandro Sabella could not decide between "giving the chance to an offensive team or balance the midfield" when he was asked about the players' list that will face Ecuador for the South American Qualifiers for Brazil World Cup 2014.
Boca Juniors, the only team that has chances to win 3 tournaments this semester, defeated Brazil's Fluminense 1-0 in the match a for the first leg of the quarter-finals of the Libertadores de América Cup.
Vélez Sársfield defeated holder Brazil's Santos 1-0 in the match for the quarter-finals of the Libertadores de América Cup.
Brazil's Santos ousted Argentina's Vélez Sársfield from the Libertadores de América Cup after a penalty definition. The second leg ended 1-0 after Kardec scored, as the aggregate score ended 1-1.
Argentina’s national football team advanced from the tenth to the ninth place at the FIFA World ranking, headed by World Cup holder Spain, the organization reported.
Boca Juniors defeated Chile's Unión Española 3-2 in the match for the second leg of the Libertadores de América Cup and reached the quarter-finals.
Brazil's Vasco da Gama left Argentina's Lanús out of the Libertadores de América Cup after a penalty definitation that ended 5-4.
Brazil's Vasco da Gama defeated Lanús 2-1 in the match for the first leg of the Libertadores de América Cup pre-quarter finals.
The Argentine Olympic Committee has responded for the first time to an advertisement on state-run TV that links a dispute with Britain about the Malvinas Islands to the London Games.
Vélez Sársfield drew Colombia's Atlético Nacional de Medellín 1-1 at its José Amalfitani Stadium for the second leg of the pre-quarter finals of the Libertadores de América Cup. The aggregate score ended 3-2.
Argentina's national basketball team will face the US in the groups' round at the London 2012 Olympics, while Spain will play against Brazil, according to the draw held in Río de Janeiro.
Vélez Sarsfield defeated Colombia's Atlético Nacional 1-0 in the first leg of the pre-quarter finals match of the Libertadores de América Cup.
Boca Juniors managed to beat Chile's Unión Española 2-1 in the match for the first leg of the pre-quarter finals of the Libertadores de América Cup.
Uruguay's Defensor Sporting defeated Vélez Sársfield 3-1 and the Argentine team has lost the top of the overall ranking of the Libertadores de América Cup.
Juan Martín del Potro returned to the “Top Ten” of the ATP World Tennis’ classification after the Montecarlo Masters 1000, while Serb Novak Djokovic extends his points as the top seeded player.
Benfica are receptive to the idea of parting company with centre-back Ezequiel Garay after the Argentine defender has been ever-present in Benfica's backline since completing a 5.5 million euros transfer from Real Madrid last year.
Football icon Diego Armando Maradona blasted Brazil’s Pelé once more after assuring that his opinion over Lionel Messi, who he challenged to “beat Neymar,” is “stupid.”
Brazil's Flamengo defeated Lanús 3-0 in the last match for the Group 2 of the Libertadores de América Cup. Despite the score, the Argentine team has reached the last 16.
Jari-Matti Latvala has withdrawn from this month's Rally of Argentina after breaking his left collarbone while cross-country skiing in Lapland, his Ford team said.
Czech Davis Cup’s team captain Jaroslav Navratil praised the "high-quality tennis" his players shown to beat Serbia 4-1 and access the semifinals against Argentina in Buenos Aires, and warned “I’d have preferred Croatia, Argentina playing at home will be hard to beat. But we're only playing in September, and we'll be looking forward to the game.”
A curious campaign of a mobile phones company in India showed Lionel Messi wearing Brazil’s national football team shirt number 10, while Cristiano Ronaldo wears Argentina’s 7.
Arsenal defeated Venezuela's Zamora 1-0 and still dreams with the classification to the last 16 of the Libertadores de América Cup.
David Nalbandian will face Marin Cilic in the opening singles on Friday before the encounter between Juan Martín Del Potro and Uvo Karlovic, in the first day of the series between Argentina and Croatia for the quarter final of the Davis Cup.
Juan Martín Del Potro came at full speed and bashed Marin Cilic 6-1, 6-2, 6-1 to lead Argentina into the Davis Cup semifinals against Croatia. Yesterday, David Nalbandián and Eduardo Schwank won an erratic match over Cilic and Ivo Karlovic to put Argentina 2-1 ahead of the series.
His Davis Cup business done with a crushing win for Argentina, Juan Martín del Potro is looking forward to the European claycourt circuit and resuming his climb back up the rankings.
Boca defeated Arsenal de Sarandí 2-0 and is getting closer to the pre-quarter finals of the Libertadores de América Cup. Ledesma and Sánchez Miño scored at the game held at "La Bombonera."
Several well-known Argentine football players will have the honour of lending their names to the London Underground to pay homage to the sports icons during the Olympic games to be held between July 27 to August 12.
Argentina’s national football team will face Brazil in October 3 in a friendly match denominated the ‘Superclassic of the Americas’ to be held at Resistencia City, according to authorities of both countries.
A Xavi free kick and an exquisite lob from Lionel Messi fired Barcelona to a 2-0 win at Sevilla that cut Real Madrid's lead at the top of La Liga back to seven points today.
Lanús defeated Ecuador's Emelec 2-0 in the match for the Group 2 of the Libertadores de América Cup. The Argentine team now leads the group and is getting closer to achieve a place at the pre-quarter finals.
Dakar Rally’s organization confirmed that next year’s 35th edition of the world’s most famous race will also be the 5th to take place on the South American continent, which has hosted the event since 2009.
Lanús defeated Ecuador's Emelec 1-0 in the match for the Group 2 of the Libertadores de América Cup, and renewed its hopes to achieve the next round of the Tournament.
After refusing to play against Germany during the first round of the Davis Cup 2012 explaining that clay surface -chosen by the Germans- would affect his performance at the Tour, Juan Martín Del Potro might be back for the second round draw against Croatia to be played in Buenos Aires on April 6-8.
Boca Juniors turned the tie and defeated Arsenal 2-1 in the match for the second round of the Libertadores de América Cup. Falcioni's team managed to recover from the devastating defeat to Fluminense.
Universidad de Chile thrashed Mendoza's Godoy Cruz 5-1 at Santa Laura Stadium for the Group 8 of the Libertadores de America Cup.
Juan Martín Del Potro climbed from the tenth to the ninth place at the tennis world ranking after reaching the semi-finals of the Dubai Championship.
The Argentine tennis team was ahead against their grand opponent, Germany, at the Copa Davis today in the best-of-five series that began this morning in Bamberg. Juan Mónaco nabbed the first point in the series, beating Philipp Petzschner, followed by David Nalbandian’s win against Florian Mayer.
Argentina's Lanús drew 1-1 with Brazil's Flamingo in the match of the Group 2 of the Libertadores Cup. Moura scored Flamingo's goal, while Carranza netted Lanús'.
Godoy Cruz defeated Uruguay's Peñarol, 2011 runner-up, 1-0 in its debut at the Libertadores de América Cup 2012 in the match for the Group 8.
Serb Novak Djokovic, winner of his third Australian Open, remains at the top of the world ranking, followed by Spaniard Rafael Nadal, while Juan Martín Del Potro made his way into the top 10, according to the ATP world tennis report.
In a strong performance by the Leonas, World Champions Argentina managed to defeat Great Britain 1-0 in the Champions Trophy final in Rosario.
Brazil's Fluminense defeated Arsenal de Sarandí 1-0 in the match for the Group 4 of the Libertadores de América Cup 2012, also formed by Boca and Venezuela's Zamora.
Former Argentina coach José Néstor Pekerman has been put in charge of Colombia's bid to end a 16-year wait to reach the World Cup finals in Brazil in 2014.
Juan Martín del Potro will not play the first round of the Davis Cup against Germany that has been scheduled for next Febraury, the team’s coach Franco Davin confirmed.
Tonight River Plate and Boca Juniors will share a football field again after almost a year, and even though it’s a friendly, the clubs’ prestige will definitely be at stake tonight. Just as a warm-up for tonight’s action, let’s recap what happened over the past three summers.
Nasser Al Attiyah, Qatar’s driver of a Hummer, won the second stage of the Rally Dakar 2012, followed by French Stéphane Peterhansel (Mini), who was left in the second place and climbed to the top of overall.
David Trezeguet realised his dream when he joined a group of top flight players who have flocked to the cause of restoring relegated River Plate to the Argentine first division.
The sixth stage of the Rally Dakar 2012, the first one in Chilean territory, has been suspended due to intense snow storms that do not allow the trespassing of the vehicles from Argentina.
Argentina's record international goalscorer Gabriel Batistuta has joined first division Colón as technical secretary in his first soccer role since retiring as a player.
Barcelona attacker, Argentine football player Lionel Messi, said that he expects to lift the World Cup trophy with Argentina at some point during his career.
Argentina’s national football team remains in the tenth place in FIFA’s world ranking, which is now headed by Spain, followed by Netherlands, world champion and runner-up.
Liga Deportiva Universitaria de Quito defeated Vélez Sársfield 2-0 in the first leg of the semi-finals of the Sudamericana Cup. The Argentine team must now defeated the Ecuadorean team in the second leg to be played in Liniers to reach the final.
Ecuador’s Liga Deportiva Universitaria de Quito defeated Vélez Sársfied 1-0 in the match for the second leg of the semi-finals of the Sudamericana Cup. The Argentine team was left out of the cup because it had also been defeated by 2-0 in the first leg.
Argentine player Leonel Messi was exhausted after the Argentina- Colombia match he played as part of the 2014 World Cup qualifiers at Barranquilla Colombia on Tuesday, the Spanish media assured.
Universidad de Chile defeated Arsenal de Sarandí 3-0 in the match for the second leg of the quarter-finals of the Sudamericana Cup, and left the Argentine team out of the tournament.
Argentina will travel to Spain to play the final of the Davis Cup with five players: Juan Martín del Potro, David Nalbandian, Juan Chela, Juan Mónaco and Eduardo Schwank, team’s captain Modesto “Tito” Vázquez announced.
Tandil’s Juan Martín del Potro, top seeded player in Argentina, climbed one point at the ATP ranking and is only a step from getting into the top ten, before the London Masters and the Copa Davis final Argentina will play against Spain on November 28 in Sevilla.
Former Argentina national football team coach Cesar Luis Menotti lashed out at Alejandro Sabella – Argentina´s current coach – during an interview at a local radio show.
Midfielder Ricardo Álvarez was urgently summoned by Argentina’s national football team to replace injured striker Ángel Di María.
Vélez Sársfield defeated Colombia's Independiente Santa Fe 3-0 and reached the Sudamericana Cup's semi-finals in the second leg played at the José Amalfitani stadium.
Bolivia frustrated Argentina for the second time in four months when they held them 1-1 in their World Cup qualifier.
Picket leader Luis D’Elía was senteced to four days in prison for assaulting a rural worker near the Obelisk on March 26th, 2008.
Judge Susana Patricia Guichandut accepted prosecutor Edgardo Orfila’s request of a four day sentence for the assault on Alejandro Gahan, amid the Government’s conflict with the rural sector over a hike on grain export taxes.
Gahan’s lawyer, Francisco García Santillán, had requested that D’Elía received a month suspense prison sentence for the charges of assault.”
The prosecutor and Gahan’s lawyer both requested suspense prison sentence and the minimum possible sentences on the charges imputed to D’Elía-
The trial began on Wednesday morning, with D’Elía’s hearing and said that right before he hit Gahan, the rural businessman had called him “fucking nigger.”
We led a demonstration in defense of our Government and of the democratic order,” he assured and opened page 293 of book “La Presidenta” (The President) by journalist Sandra Russo, in which Cristina Fernández de Kirchner said: “In 2008 people wanted to take me administration down, particularly the Grupo Clarín.”
Two interception tries from Conor Trainor spurred Canada to a 26-24 upset victory over Argentina in the gold medal match in the inaugural rugby sevens tournament at the Pan-American Games.
Universidad de Chile defeated Argentina's Arsenal 2-1 in the match held in Sarandí for the first leg of the quarter-finals of the Sudamericana Cup.
Argentine tennis player Juan Martín del Potro defeated US Sam Querrey and will face Spaniard Marcel Granollers in the semi-finals of the Valencia tournament.
Argentina’s female hockey team, Las Leonas, thrashed Barbados 19-0, and achieved the semi-finals of the 2011 Guadalajara Pan American Games.
The San Lorenzo trainer, Omar Asad, rejected claims that he had considered resigning and assured that he only plans to face the situation. “We all have to work together on the same side, to be able to work together,” he said.
Argentina’s women hockey team, Las Leonas, was defeated by the United States by 4-2 at the final of the XVI Pan American Games in Guadalajara, Mexico. The US achieved the gold medal and the classification to the London 2012 Olympic Games.
Peru’s Universitario defeated Argentina's Godoy Cruz after a penalty definition that led the team coached by Del Solar to the quarter-finals of the Sudamericana Cup. The match was held at Miguel Grau del Callao stadium.
Argentina’s Under-20 national football team defeated Costa Rica 3-0 and are closer to the semi-finals at the Guadalajara 2011 Pan American Games.
Argentina’s national female basketball team achieved its first victory after defeating the United States by 58-55 in the first match of the Group A at the XVI Pan American Games of Guadalajara 2011.
Brazil rose two places to fifth in this month's FIFA rankings, ending a downward trend after hitting an 18-year low in September.
Argentina’s Arsenal de Sarandí defeated Paraguay's Olimpia 3-2 and reached the quarter finals in the match for the second leg of the Sudamericana Cup’s pre-quarter finals.
Vélez Sársfield drew Chile's Universidad Católica 1-1 and reached the quarter finals of the Sudamericana Cup at the José Amalfitani Stadium. In the first leg played in Santiago, the Argentine team won 2-0.
Coach Sergio Batista filed a lawsuit against Diego Maradona accusing him of slander and called for a 20,000 pesos fine.
Argentina won three of the four rowing gold medals and Colombia was joined by Venezuela atop the cycling podiums on a good day for South America at the Pan-American Games.
Forward Lionel Messi showed his concern over the “several failures” that Argentina’s national football team has been “gathering” for the last years.
Argentina coach Santiago Phelan has reverted largely to the side that dramatically beat Scotland in the pool phase for the Puma's quarter-final against hosts New Zealand this weekend.
Gonzalo Higuaín scored a hat-trick, while Lionel Messi scored his first goal in a competitive match for Argentina in two and a half years as the hosts crushed Chile 4-1 in their opening 2014 World Cup qualifier on Friday.
Juan Martín Del Potro announced he will not play at the Tokyo and Shanghai tournaments in order to reach to the final of the Davis Cup against Spain in the first weekend of December in good shape.
The Argentine roller hockey team lost 5-4 to Spain in the finals of the 14th Roller Hockey World Championship, which was taking place in the San Juan province.
Argentine coach for the national team Alejandro Sabella admitted today – upon returning to Buenos Aires after yesterday’s match in Belem – Brazil “played better.” Brazil defeated Argentina 2-0 in the second leg of the South American derby and won the Americas Super Classic Cup.
Argentina's Arsenal drew without goals with Paraguay's Olimpia in the match for the first leg of the Sudamericana Cup. The game was held at the Defensores del Chaco stadium.
Argentina's Godoy Cruz managed to draw Peru's Universitario de Lima 1-1 in the last minutes of the match for the first leg of the Sudamericana Cup's pre-quarter finals. The game was held at the Malvinas Argentinas stadium.
Argentina’s national football team dropped from the ninth to the tenth place in FIFA’s world ranking, which is now headed by Spain, who removed Netherlands from the top.
Argentina's World Cup hopes were dealt a significant blow when loose forward Juan Martín Fernández Lobbe was diagnosed with a serious knee injury that is highly likely to rule him out of the tournament.
In a close match, the Argentine basketball team came over Puerto Rico, winning with 81-79 points, making it through to next year’s Olympic Games held in London. Tomorrow the team will go against Brazil, who beat Dominican Republic, also qualifying for the tournament next year.
Argentina have called winger Lucas Borges into their World Cup squad to replace injured centre Gonzalo Tiesi, the Argentine Rugby Union (UAR) have said.
England's rugby World Cup hopes suffered a major setback when key prop Andrew Sheridan was ruled out of the tournament with a shoulder injury sustained in the opening victory over Argentina.
Argentina’s national basketball team was defeated by Brazil by 73-71 in a new South American derby during the match for the Groups round of the Pre-Olympic tournament held in Mar del Plata city.
Argentina’s national basketball team defeated Dominican Republic by 84-58 and achieved the pre-Olympics’ semi-final in which it will face Puerto Rico.
By Ronaldo Meninato, for the HeraldGreat game by the Pumas tonight at Dunedin, New Zealand, a picturesque city of just over one hundred thousand people in the deep South of this beautiful island.
Argentine tennis player Juan Ignacio Chela will accompany his fellow countrymen Juan Mónaco, Juan Martín del Potro and David Nalbandian in the third round of the US Open. He defeated Belgian Steve Darcis by 6-2, 6-4 and 6-4 after two hours.
Argentina celebrated their win against Nigeria, in a 3-1 goal victory at Bangabandhu stadium today. Today's match marked the Argentine team's second friendly match under new coach, Alejandro Sabella, in Dhaka city, Bangladesh.
Argentina’s national basketball team achieved its classification for the semi-finals of the pre-Olympic tournament after defeated Venezuela by 111 to 93 in the match for the second round.
Juan Mónaco reached to the third round of the US Open, the fourth and last Grand Slam of the year, after winning by 6-4, 6-1 and 2-0 over Czech Radek Stepanek, who abandoned the round in the third set due to an injury in his right shoulder.
Juan Mónaco and Juan Ignacio Chela will join Juan Martín del Potro and David Nalbandian in the Argentine team of the Davis Cup that will face Serbia for the semi-finals between the 16 and 18 of September in Belgrade, the team’s captain Modesto “Tito” Vázquez confirmed.
Nicolás Otamendi headed the only goal as Alejandro Sabella kicked off his reign as Argentina coach with a 1-0 win over Venezuela in a friendly in India on Friday.
The new coach of Argentina’s national football team, Alejandro Sabella, qualified as “very important” the friendly match that will be played against Venezuela on Friday at Calcutta (India).
Argentine tennis player David Nalbandian advanced to the second round of the US Open, the fourth and last Grand Slam of the year, after defeating US Bobby Reynolds by 4-6, 6-3, 6-4 and 6-3, in more than three hours.
Tennis player Juan Martín del Potro achieved the second round of the US Open, the fourth and last Grand Slam of the year, after defeating Italian Filippo Volandri by 6-3, 3-1 and 6-1, after an hour and 28 minutes at the Louis Armstrong Stadium.
Juan Román Riquelme and Juan Sebastián Verón were included in the list of 24 players presented by Argentina’s national football team coach Alejandro Sabella that will be training for the Superclásico de las Américas Cup that will be played against Brazil in September.
Independiente failed on their attempt to clinch the club's 17th international trophy as they lost 1-3 to Internacional de Porto Alegre in the second leg of the South American Supercup's final.
Juan Mónaco was defeated by US tennis player Andy Roddick in the quarter-finals of the Winston Salem tournament.
Tennis player Juan Martín Del Potro reached the second round of Cincinnati Masters’ second round in which he will face Swiss Roger Federer, after defeating Italian Andreas Seppi in his debut.
David Nalbandian debuted with a victory in the first round of the Cincinnati Masters after defeating Japanese Nei Nishikori.
Wales rugby captain Ryan Jones has been ruled out of their final World Cup warm-up match against Argentina on Saturday with a calf injury, the Welsh Rugby Union said today.
Argentina’s U20 national football team reached the quarter-finals of Colombia’s World Cup after defeating Egypt 2-1 in the game held at Atanasio Girardot Stadium in Medellín City.
Juan Martín Del Potro has been eliminated on Wednesday on the second round of the Montreal Masters 1000, after being defeated by Croatian Marin Cilic by 6-3 and 6-4.
After penalty kicks and additional time, Portugal ousted Argentina in the quarter-finals of the Under-20 World Cup.
Alejandro Sabella was appointed as the new coach of the Argentine national football team, after Sergio Batista’s run became short-lived following the team's early knock-out from the Copa América 2011 football tournament.
Argentina’s national football team new coach Alejandro Sabella travelled to Europe to interview the players who currently play in teams from that continent, especially with Lionel Messi, the star of the “Albiceleste” team.
Argentina's Juan Martin Hernández will miss the World Cup after failing to recover in time after knee surgery, coach Santiago Phelan said. The Racing Metro flyhalf has not fully recovered from a knee ligament operation.
Argentina will play Brazil in two friendlies next month, one in each country, with teams picked from the domestic leagues, the Brazilian Football Confederation (CBF) said.
Defender Gabriel Milito left Barcelona football club a year earlier and returned to first club, Independiente, the club from Avellaneda reported.
Argentina and Mexico qualified for the pre-quarter finals of the U20 World Cup held in Colombia. Perazzo’s team clashed North Korea, while the Mexican team drew without goals against England in the last Group F round.
Argentina confirmed its pass to the Davis Cup semi-finals after winning the last two matches against Kazakhstan and leaving the final score 5-0.
With his frustrating wrist injury finally behind him and the US Open looming large next month, the smile is back on Juan Martin Del Potro's face as he prepares for this week's ATP event in Los Angeles.
Argentina’s national football team defeated Mexico 1-0 with a goal netted by Erik Lamela in its debut at the U-20 World Cup played in Colombia.
Forward Sergio Agüero, who scored the goal that allowed Argentina to tie with Bolivia in the inaugural match of the Copa America, said the national squad “is eager to win the next match against Colombia on Wednesday, because “ the first place on th group is very important,"
Argentina was left closer to the Davis Cup semi-finals after Juan Mónaco and Juan Martín Del Potro achieved two points against Kazakhstan in the first round of the quarter-finals held over clay in Buenos Aires.
Argentina’s Davis Cup team took a 3-0 lead after winning the quarterfinals series against Kazakhstan. Juan Ignacio Chela and Eduardo Schwank won the doubles match against Evjeny Korolev and Juriy Schukin by 6-3, 6-2, 7-5.
Argentina national football team’s coach Sergio Batista named the following 23-man squad for the Copa America on home soil starting on Friday.
The Argentine female hockey team, Las Leonas, former world champions and three time Champions Trophy winners, will play the hockey final against Netherlands, after the Appeals Committee of the International Federation (FIH) decided to accept the claim presented by the Argentine Hockey Confederation (CAH).
Tennis player David Nalbandián withdrew from the quarter finals of the Davis Cup to be played in Buenos Aires against Kazakhstan due to an injury, the Argentine Tennis Association (AAT) reported.
Argentina beat Albania 4-0 with goals scored by Ezequiel Lavezzi, Lionel Messi, Sergio Aguero and Carlos Tévez in the last match before the Copa America, which is due to begin in July 1st. The match was played at the Monumental stadium in the City neighbourhood of Nuñez. The national team had all its star players.
Diego Maradona blasted Neymar, the football star who plays at the Brazilian team Santos, by saying that he is “as bad-mannered person as Pelé,” after the Brazilian assured that he does not need to leave Brazil to demonstrate that he is better than Lionel Messi.
The famous world champion Argentine female hockey team Las Leonas, beat England 1-0 in Group A’s debut of this year’s Champions Trophy, that takes place in Amsterdam.
As Lionel Messi arrived in Buenos Aires, national football team coachSergio Batista announced the preliminary roster of 25 players for the Copa América tournament that will take place in Argentina in July. Despite his dispute with Batista, forward Carlitos Tévez made the list.
Nigeria registered their biggest win over a major footballing country by thrashing a depleted Argentina side 4-1 in a friendly.
Former Argentina winger César Delgado is returning to Mexico to play for Monterrey after spending four seasons at Olympique Lyon.
The only Argentine team that remains at the Libertadores Cup, Vélez Sársfield, thrashed Paraguay’s Libertad 3-0 for the first leg of the tournament’s quarter-finals.
The Pampas XV, the B team of Argentina’s national rugby team Los Pumas, achieved its first cup at the Vodacom Cup in South Africa after beating the local team Blue Bulls for 14 to 9 in the final round.
Argentina beat Paraguay 4-2 in a friendly match at the Bicentenario stadium in Resistencia, Chaco province. Both teams fielded players of their local leagues. Striker Gabriel Hauche, twice, Federico Fernández and Enzo Pérez scored for Argentina, while Pablo Zeballos and Elvis Mareco scored for Paraguay.
Argentine tennis player Juan Martín Del Potro -- the 2009 U.S Open champion -- reached the final of the Estoril Open by overcoming Uruguay's Pablo Cuevas 6-2 7-6 and will now face Fernando Verdasco.
Paraguay's Cerro Porteño advanced to the quarter-finals of the Libertadores Cup after defeating Estudiantes de La Plata in a penalty definition (5-3). The second leg ended as the first one, without goals, which led to the tense definition.
Argentine Coach Omar Asad is quitting Emelec of Ecuador to take charge of San Lorenzo, the Argentine side's president Carlos Abdo said.
Brazil’s Fluminense defeated Argentinos Juniors' 4-2 leaving the Argentine team out of the pre-quarter finals of the Libertadores de América Cup. The Brazilian team and Mexico's América advance to the next round.
The last champion of the local tournament Estudiantes de La Plata drew without goals with Paraguay’s Cerro Porteño for the first leg of the pre-quarter finals of the Libertadores Cup.
Argentine tennis player Juan Martín Del Potro will face Uruguayan Pablo Cuevas for the semi-final of the Estoril Open, after thrashing their opponents in the quarter-finals.
Brazil's Cruzeiro crushed Estudiantes de La Plata 3-0 during the sixth and last match of the group’s round of the Libertadores de América Cup. Both teams have achieved the pre-quarter finals.
Vélez Sársfield crushed the leader of the Group 4, Venezuela’s Caracas, 3-0 and achieved the pre-quarter finals of the Libertadores de América Cup in the second place along with Chile's Universidad Católica.
Argentina’s national football team composed entirely of players from local league draw 2-2 with Ecuador in a game held in Mar del Plata city for another friendly match in order to get prepared for the América Cup.
Vélez Sársfield draw 0-0 with Chile’s Universidad Católica during the match for the Group 4 of the Libertadores de América Cup and must beat Caracas in the next game in order to achieve the pre-quarter finals.
Independiente defeated Uruguay's Peñarol 1-0 at the Centenario Stadium in Montevideo, but it was not able to reach the pre-quarter finals of the Libertadores de América Cup.
Ecuador’s Liga Deportiva Universitaria defeated Mendoza's Godoy Cruz 2-0 and achieved the pre-quarter finals of the Libertadores de América Cup.
Uruguay’s Peñarol defeated Mendoza's Godoy Cruz 2-1 during the match for the Group 8 of the Libertadores de América Cup. The result leaves the Argentine team in a tough position to reach the second round of the tournament.
Hosts Argentina have asked Japan to reconsider their decision to pull out of July's Copa América, an Argentine Football Association spokesman said.
Ecuador’s Deportiva Universitaria de Quito managed to tie the score against Independiente during the second half of the match for the Group 8 of the Libertadores de América Cup, leaving the Argentine team far from the pre-quarter finals of the tournament.
Argentina’s national football team draw 1-1 with the United States in New Jersey with the presence of striker Lionel Messi for a friendly match. It was one of the last games before the América Cup to be held in Argentina.
Costa Rica ground out a disappointing 0-0 draw in a home friendly against Sergio Batistas's Argentina, the visitors weakened by the late withdrawal of talismanic striker Lionel Messi.
The Champion of Argentina’s Apertura Tournament, Estudiantes de La Plata draw 1-1 with Colombia’s Deportes Tolima and qualified to the pre-quarter final of the Libertadores Cup.
Argentina’s national football team coach Sergio Batista affirmed that the team is “desperate to win something” because it has been 18 years “without getting anything.”
Vélez Sársfield defeated Chile’s Unión Española 2-1 in the fourth round of Group 4 of the Libertadores Cup. The game was held at the José Amalfitani Stadium.
The daunting prospect of trying to contain Argentina forward Lionel Messi has just been made even harder after the two-time FIFA Player of the Year was handed a new license to thrill.
Argentina and Uruguay will bid to stage the 2030 World Cup finals jointly in the 100th anniversary year of soccer's showpiece, the Foreign ministers of both countries announced.
Argentina’s national football team composed entirely of players from local league crushed Venezuela 4-1 during a friendly match in order to get prepared for the América Cup and to inaugurate the Bicentenario Stadium in San Juan province that will be used in the tournament.
Current local football tournament winner, Estudiantes de La Plata crashed Paraguay’s Guaraní 5-1 and achieved its third consecutive victory in the Group 7 Libertadores de América Cup.
Chile’s Unión Española defeated Vélez Sársfield 2-1 for the Group 4 of the Libertadores de América Cup. The game was held at the Santa Laura de Santiago stadium.
Argentine tennis player Juan Martín del Potro achieved the pre-quarter finals of the first Masters 1000 of the season, in Indian Wells Open, after defeating the last champion of the tournament, Croatian Iván Ljubicic by 5-7, 6-4 and 6-2.
Uruguay’s Nacional de Montevideo defeated the leader of Group 3, Argentinos Juniors, 1-0 and gets closer to achieve pre-quarter finals of Libertadores de América Cup.
Juan Mónaco defeated Victor Hanescu in four sets and achieved the second point of Argentina against Romania during the first groups round of the Davis Cup. Earlier, David Nalbandian had a tough time finishing off the match, but the Argentine player defeated Romanian Adrián Ungur by 6-3, 6-2, 5-7 and 6-4.
Last champion of the Argentine football cup, Estudiantes de La Plata, defeated Paraguay's Guaraní 2-1 during the last match of the group 7 round of the Libertadores de América Cup.
Mendoza’s Godoy Cruz defeated Independiente 3-1 in the first match between two Argentine teams at the Libertadores de América Cup.
The leader of the Libertadores Cup’s group 3, Argentinos Juniors defeated Uruguay’s Nacional 1-0 at the Parque Central stadium.
World number 19 David Nalbandian expects to have recovered in time to meet Adrian Ungur in Argentina's opening singles of their Davis World Group first round tie against Romania.
Ecuador's Liga de Quito crushed Independiente 3-0 at the game for the Group 8 of the Libertadores de América Cup held at Liga de Quito's stadium.
Estudiantes de La Plata defeated Colombia's Deportes Tolima 1-0 at the recently re-inaugurated Unico Stadium during the second round of the Libertadores Cup after being crushed 5-0 by Cruzeiro last week.
Adidas launched the new shirt of Argentina’s national football team with which they will play at the América Cup. The presentation was made via Facebook and counted with the presence of the head the Argentine Football Association (AFA) Julio Humberto Grondona and striker Lionel Messi.
Uruguay's Peñarol crushed Godoy Cruz de Mendoza 3-1 during a Group 8 match of the Libertadores Cup. Diego Aguirre's team recovered from their 3-0 defeat against Independiente.
Argentina's under-20 national football team defeated Colombia 2-0, but goals from Facundo Ferreyra and Bruno Zuculini weren't enough in their final encounter of the Under 20 South American Championships to secure a ticket for London.
Tennis players David Nalbandian, Juan Mónaco, Juan Ignacio Chela and Eduardo Schwank will represent Argentina in a first-round Davis Cup tie against Romania next month, captain Modesto Vázquez announced.
Former Argentina and River Plate midfielder Américo Gallego was appointed coach of Colo Colo. Chile's most successful club, who won the Libertadores Cup in 1991, are bottom of the Apertura championship.
Brazil's Fluminense and Argentinos Juniors tied 2-2 in Río de Janeiro on the opening game of the Copa Libertadores' Group 3, and what also was Argentinos' comeback to the 'Copa' after a 25 years absence.
Uruguay defeated Walter Perazzo's team 1-0 after Vecino opened the score and left the under 20 Argentine national football team in a complicated place at the championship final-round and far from the 2012 Olympics games in London.
The Swiss media praised the Argentina national football team’s performance in the 2-1 victory against Portugal, but most of all Lionel Messi’s magic on the pitch.
Argentina beat a previously undefeated Brazil 2-1 in a do-or-die duel that leaves Walter Perazzo's team one step closer to the U-20 World Cup qualification.
Argentina’s national football team coach Sergio Batista gave a press conference in the framework of the friendly match between Argentina and Portugal and left Carlos Tevez out of his priorities. “There’s a wind of change in the team,” the coach assured.
Seven time winners of the South American Copa Libertadores, Independiente started with a victory their path to recover the title of 'Kings of America.' The Argentine team defeated Deportivo Quito from Ecuador 2-0 during the first leg of the Cup's preliminary round.
Ecuadorean Deportivo Quito defeated Independiente 1-0 during the second leg of the Copa Libertadores preliminary round. Nevertheless, the Argentine team achieved to classify for the group stage because of their last week's home victory (2-0).
Argentine-born former Italy and Juventus winger Mauro Camoranesi has joined Lanús in the local first division, the club said.
By Leandro Compton Hall, special correspondent. Argentine Alejandro Patronelli (Yamaha) won the ninth stage of the Dakar Rally covering the desert of Copiapó and arrived 5 minutes and 21 seconds before Czech Josef Machacek (Yamaha) and 10 minutes and 15 seconds before Polish Lukasz Laskawiec (Yamaha).
Argentina's national football team and Real Madrid striker Gonzalo Higuaín will be out of action for up to four months after having surgery on a hernia in his back, the doctor in charge of the operation told reporters.
Former Argentina national football team coach Diego Armando Maradona affirmed that the mourning for the national team has ended, referring to the elimination during South Africa World Cup 2010.
Last year’s Argentine quad champion Marcos Patronelli decided to pull out of the Dakar Rally after he had a new accident which complicated his recovery from a fibula fracture he suffered while he was training in November.
Argentina's friendly against Portugal scheduled for Feb. 9 has been moved to Geneva from London, the Argentine Football Association said.
Argentine Alejandro Patronelli keeps leading the general results after the sixth stage of the Dakar Rally covering the 456 kilometres between Iquique and Arica in 06:41:33 hours.
Argentina’s national football team and Barcelona's forward, Lionel Messi, has been chosen the best football player in Europe for the second consecutive time in a survey made by journalists which has been published in the Uruguayan news paper, El País.
Argentines Tomás Maffei, Sebastián Halpern and Alejandro Patronelli, the three of them driving Yamaha’s quads, were the first ones to reach the finish line in the third stage of the Dakar Rally.
Argentina’s national football team and Real Madrid’s striker Gonzalo Higuaín is to have surgery on his troublesome back, the La Liga club said.
Diego Maradona has emerged as a surprise outsider to become the next Blackburn Rovers manager following the shock dismissal of Sam Allardyce according to English newspaper The Mirror.
Argentina has surpassed neighbouring Brazil as the world's largest exporter of football players -a trend that may not be a good thing for the South American country's domestic game. Players had become assets to be sold off to repay club debts, one agent said, while the growing exodus of Argentina's best young players is leaving a void in the local game.
Argentina's national football team's technical secretary Carlos Bilardo answered to sports-icon Diego Maradona's accusations and assured he is a "chicken" and added that his relationship with the ex coach of the national team "has no turning back."
Renowned actress and tango singer Virginia Luque died at 86 of an infectious disease last night at his home, her husband Lionel Godoy confirmed.
Fans of Argentine rock legend Gustavo Cerati mourned their idol by listening to his music and downloading his best albums, which led to a massive boost in local sales for the singer.
It has been 50 years since iconic Argentine cartoon character Mafalda, created by Joaquín Salvador Lavado –better known as Quino-, was first published but her progressive ideals and her reflections on war, poverty and political repression remain as valid as when she was first read by the Argentine public in the weekly publication Primera Plana in 1964.
Tango singer Nelly Omar died today at her home aged 102 years old. She was part of Argentina's tango and popular music's golden age, which included other immense artists such as Tita Merello, Azucena Maizani, Libertad Lamarque and Ada Falcón.
Sponsored by Croatia’s Embassy in Argentina, the virtuous and worldwide known Zagreb Saxophone Quartet arrives to Argentina to delight music lovers with a plethora of diverse repertoire at the Usina del Arte in La Boca on November 29.
Argentine talent was in full force at the International Emmy Awards last night in New York City, winning two acting awards for participations in an Argentine television show.
Madonna arrived in Buenos Aires under tight security to prepare for her River Plate shows on December 13, 15 and 22.
Marcel Curuchet, pianist for the Uruguayan band ‘No Te Va Gustar,’ died this afternoon in the United States after being hospitalized overnight in New Jersey. The musician was involved in a road accident yesterday, sources from the band disclosed.
Actress Moria Casán went to the Morón Federal Court on Tuesday afternoon after a Paraguayan judge issued an international arrest warrant for her in the case investigating a missing necklace and earrings worth US$80,000.
Argentina’s gaucho western “Aballay,” directed by Fernando Spiner, did not pass the last pre-selection of the films that will compete for “Best Foreign Film” in the next Academy Awards. Nine were nominated, but none of them is Spanish-speaking.
State-side singer and composer Bob Dylan, one of the most influential musicians in the second half of the 20th century, added a third date to the Argentine leg of his tour, which takes place next month in Buenos Aires.
A few days after the local media ran a story in which Roger Waters stated that the Malvinas Islands belonged to Argentina, the former Pink Floyd lead singer published a note on his Facebook page explaining that a local journalist had “misunderstood” his statement.
By Adrián Royo Caldiz.- In the last decade, it has become increasingly more common for locals to celebrate Halloween. Each October 31st many kids in residential areas dress up and go trick-or-treating, while bars and nightclubs offer young adults an environment in which they can wear their favorite costumes and celebrate until dawn.
US artist, Jennifer Lopez arrived to Argentina today as part of a Latin American tour on the “hunt for talent” to make new additions to her new programme “Q’ Viva The Chosen,” a reality television programme which will be broadcasted on some of biggest the TV channels in the US.
Argentine actor Alberto de Mendoza died at the age of 88 after being hospitalized various days at the Clínica de la Luz in Madrid, Spain due to a severe respiratory condition.
The Argentine western “Aballay, el hombre sin miedo” (Aballay, the man without fear), directed by Fernando Spiner, was chosen by the Argentine Film and AudioVisual Arts Academy as the national candidate to run for the nomination of the Oscars’ “Best Foreign Film.”
An original drawing by John Lennon is part of the more than 120 lots of Beatles memorabilia that will be auctioned in the country by South America's largest collector of the Fab Four.
After a ten year absence, British singer and guitarist Eric Clapton will make his long-awaited return to the Argentine stage tomorrow, where he will perform with his band at River Plate stadium. The legendary musician is on tour currently promoting his new album.
Oscar-nominated actor Viggo Mortensen, best known as Aragorn in the "Lord of the Rings" films, says he never felt as comfortable as he does now while shooting his first Argentine film in the country where he was raised.
Due to public demand, the unstoppable ex-Pink Floyd musician, Roger Waters lengthened once again his record breaking tour in Argentina, confirming the eighth show on March 18 for his concert tour, “The Wall,” which will begin on March 7, 2012 at River Plate stadium.
By Ana Patiño.-Moreno Veloso, the son of Brazilian music star, Caetano Veloso, was in charge of the inauguration of the upcoming Brazilian nights at Niceto Club, officially bringing Brazil Month to Argentina.
A group of local fans, some of them using the Albiceleste kit, passed over security forces at Argentina’s bunker in Belo Horizonte to greet the players, after today’s open training session.
A Canadian tourist visiting Buenos Aires recorded with a camera hidden in his helmet the exact moment an armed man tries to rob him while riding a bike in La Boca neighbourhood.
The wife of the armed robber that jumped into the spotlight last week as he was caught on camera when he tried to rob a Canadian tourist at gunpoint defended his husband and said he “fears for his life.”
The primary elections, also known as PASO, are taking place on August 11th. If you're wondering who are the candidates, which districts matter the most and who is allowed to vote, here is a comprehensive video guide for you.
Video footage of the moment Greenpeace activists are arrested in the Russian Arctic has started to go around the web showing how protesters are sprayed with water cannons and pulled by Russian forces. Argentines Camila Speziale and Hernán Pérez Orsi taking part in te anti-drilling campaign remain under detention, waiting for their legal situation to be decided.
The Barack Obama administration will not support Argentina in its long-standing dispute with vulture funds suing the South American country over its defaulted bonds more than a decade ago, US State Secretary John Kerry has warned. Still, the American official praised what he considered some “positive steps” the Kirchnerite government has taken.
BuenosAiresHerald.com Deputy Editor Adrian Bono hosts an anti-Valentine's Day episode of Trending Now, where he explores some of the most talked-about topics on Twitter in Argentina.
Adrian Bono returns with a new episode of Trending Now, where he explores the most-talked about topics on Twitter in Argentina.
A group of Independiente fans crashed violently into the executive board meeting and attacked the President of the soccer club Javier Cantero.
It's this end-of-the-world special edition of the Trending Now webisodes, Adrian Bono explains how Carlos Bianchi, Uritorco and Libertad could be the last trending topics you see before the universe evaporates.
BuenosAiresHerald.com Deputy Editor Adrian Bono hosts a new episode of Trending Now, where he explores some of the most-talked about topics on Twitter in Argentina.
BuenosAiresHerald.com Deputy Editor Adrian Bono hosts a new episode of Trending Now, where he explores some of the most talked-about topics on Twitter in Argentina. Featuring this week: #AFA, #MAXIMA, #AMIA and #GANANCIAS.
Five new releases hit Argentine cinema screens this week, including one documentary.
This week, Adrian Bono explains some of the most popular trending topics on Twitter Argentina, including the #SuperClasico frenzy, the unexpected #Macri-Moyano alliance and the frigate Libertad scandal in #Ghana.
This week, Adrian explains some of the most popular trending topics on Twitter Argentina, including New York Judge Thomas Griesa, the 7D deadline and River Plate's search for a new coach.
American Pie fans be prepared! This week all of the beloved characters we met a little more than a decade ago return to East Great Falls for a much anticipated reunion in the comedy 'American Reunion.' Liam Nielson also makes a return to the big screen in 'The Grey.' (Click the headline to see the full film listing).
Argentina's new ambassador to London put UK’s Foreign Secretary William Hague in an awkward situation over the Malvinas Islands after asking him at a public meeting whether he was ready to “give peace a chance” by opening talks on the islands' future.
Comedy is the word this week, as the two top films to hit local cinemas are of a laughing nature! Mr Sacha Baren Cohen, aka - Borat, Ali G or Bruno (his past characters)- plays a dictator who risks his life to ensure democracy never come to his country. It is a comedy, rest assured. (Click headline to see full list).
Argentina will play against Bolivia today in the under-20 South American Championship and, after losing the first two matches of the tournament, they need a victory in order to have the possibility of qualifying for the World Cup that will take place in Turkey.
Buenos Aires Province Senator Aníbal Fernández fired women’s and men’s national team coaches in his first week as Argentine Hockey Confederation (CAH) president. Marcelo Garraffo and Franco Nicola had been named in December.
Argentina has already earned 12 medals at the Pan-American Games, yesterday addeding its fifth gold in men’s quadruple sculls, a silver in women’s single sculls and two bronze medals in Gymnastic and swimming.
Apertura Tournament leaders Boca Juniors kept their eight-points advantage over second-placed Racing Club after their drew 0-0 at La Bombonera stadium. San Lorenzo lost against Unión a home and stayed in the promotion-relegation playoff zone.
Argentina play Uruguay in a World Cup qualifier in Mendoza this evening with their dangerous attacking trio of Sergio Agüero, Lionel Messi and Gonzalo Higuaín. But Uruguay’s coach, Oscar Tabárez, says they will have to focus on Messi.
Lionel Messi at last came into his own at the Copa América as Argentina beat a defensive Costa Rica 3-0 with two goals from Sergio Agüero to secure second place in Group A.
Iran has approved the memorandum of understanding with Argentina to create a joint “truth commission” to probe the 1994 terrorist attack on the AMIA Jewish community centre, Iranian Embassy chargé d’affaires Ali Pakdaman informed a local radio yesterday.
It is a mistake to compare Argentina with Barcelona as the Spanish club have been working as a unit for a lot longer, Lionel Messi said.
Diego Forlán scored twice after Luis Suarez's opening goal as Uruguay beat Paraguay 3-0 to win the Copa America on Sunday and be crowned South American champions for a record 15th time.
Argentina are playing badly at the Copa América because the whole squad are underperforming, leading players said while defending Lionel Messi from attacks by media and fans.
When Lionel Messi plays for Barcelona he is the goalscorer supreme but when he represents Argentina the responsibility carried by FIFA's world player of the year is far greater.
Lionel Messi's Copa America dream lay in tatters after Argentina were beaten by old rivals Uruguay in a dramatic quarter-final.
Each team competing for the Copa América counts with its own star players. Watch here the list and their photos.
Argentina manged to tie the score 1-1 with Bolivia after Sergio Agüero netted at 30' of the second half in the first match of the Copa América 2011 Group A at the Unico Stadium in La Plata City.
The Copa América final will finally take place at the Monumental stadium in Buenos Aires City despite damage caused by rioting River Plate fans following their team's recent relegation, organizers said.
The three groups of the Copa América 2011 are formed by: Argentina, Bolivia, Colombia, Costa Rica, Venezuela, Brazil, Paraguay, Ecuador, Uruguay, Peru, Chile and Mexico. Watch the complete fixture here.
Argentina will be hosting the 43rd edition of the Copa América. This is the continental football tournament in South America, which along with the European Championships and the World Cup, is considered one of the major international football tournaments in the world. The opening ceremony will be held on 1 July at the Estadio Unico in La Plata.
After the presidential welcome at their arrival back from Brazil, the players and coach of the national World Cup team thanked the warm welcome of the thousands of fan that celebrated their performance in Ezeiza airport and in the streets of Buenos Aires city.
The video, prepared by the Government House press team is a montage of goals and memorable moments from the Albiceleste campaign, which included five victories, one defeat and a penalty shoot-out win over the Netherlands in the semi finals.
The national team landed in Buenos Aires minutes before 11 a.m. at Ezeiza airport and were welcomed by President Cristina Fernández de Kirchner at the AFA facility in Ezeiza. They were expected in Buenos Aires to meet the fans at the Obelisc but they finally stayed in Ezeiza, following the authorities' advice.
The Cabinet Chief Jorge Capitanich congratulated the national team for its performance at Brazil’s World Cup and condemned the vandalism that marred yesterday’s celebrations in downtown Buenos Aires.
President Cristina Fernández de Kirchner welcomed the World Cup team back home and thanked them for defending the Argentina colours. “As the President of 40 million Argentines I felt immense pride for how you defended the colours of Argentina,” she said.
Argentine midfielder Javier Mascherano said the pain suffered by the 1-0 defeat against Germany in injury time will “last a lifetime,” while adding the team lacked "a little bit of luck."
Argentine fans gathered at the Obelisco monument in 9 de Julio avenue and other spots in Buenos Aires City to celebrate the Albiceleste's performance in the World Cup in spite of the defeat against the German side in the final match.
Argentine forward Lionel Messi affirmed he feels “devastated” about the loss against Germany while saying the Albiceleste forwards had several chances to score but could not seize them.
A clinical finish from Germany's Mario Götze finally downed Argentina in the final minutes of extra time, as the young forward came off the bench to seal a 1-0 victory for Joachim Low's men, and their fourth World Cup title in Rio de Janeiro's Maracaná Stadium.
The coach of the Argentina national team Alejandro Sabella paid tribute to his players despite an agonising 1-0 defeat to Germany in the final of the World Cup, stating that he was proud of the men who brought the Albiceleste to their first final in 24 years.
There was scant consolation for Argentina captain Lionel Messi after seeing his team go down in the 2014 World Cup final to Germany, as the Barcelona star lifted the Golden Ball award given to the best player across the tournament.
Argentine football icon Diego Maradona said Argentina “must win” tomorrow against Germany and affirmed that he would be more than glad to see forward Lio Messi outplay him in the World Cup final vs Germany.
In the eve of the World Cup final, Argentine icon Diego Maradona expressed his optimism about Argentina’s chances to earn its third trophy, saying the national team has “more thirst for glory” than its rivals.
Over 100,000 Argentine fans arrived in Río de Janeiro to cheer for the national team in the eve of today’s final against Germany at the Maracaná.
American legendary rock band Creedence Clearwater Revival said they were “honored” that their song “Bad Moon Rising” was adapted by Argentine fans to mock host Brazil in the 2014 World Cup.
Argentina have a great asset in four-times world player of the year Lionel Messi but they are far more than just a one-man show, Germany coach Joachim Loew warned ahead of the World Cup final on Sunday.
Argentina must play a flawless game on Sunday if they are to beat a powerful German team and lift the World Cup for the third time, their coach Alejandro Sabella said.
Scalpers seem determined to take advantage on Argentineans seeking for a spot at the Maracana Stadium in Rio de Janeiro where the Albiceleste will face Germany in the World Cup finals on Sunday. Tickets are being offered online for $129 thousand pesos. Fortunately (?), access is “guaranteed.”
Italian Nicola Rizzoli will referee Sunday's World Cup final between Germany and Argentina at the Maracaná, Massimo Busacca, FIFA's head of refereeing told reporters. Earlier today, rumors appointed Swedish Jonas Eriksson as the chosen referee for the final, but finally Rizzoli was officially announced.
Argentina coach Alejandro Sabella is to step down after Sunday's World Cup final against Germany regardless of the result, his agent revaled today.
Argentine forward Sergio “Kun” Agüero said today the German side will be “a great rival” for the Albiceleste in the World Cup final at Maracaná, and pointed out the team “can’t make the same mistakes” they made in South Africa 2010, when Argentina lost to the Teutons 4-0 in quarter-finals.
Brazil forward Neymar has done the unpredictable once again by revealing he will support Brazil's biggest rivals Argentina in Sunday's World Cup final against Germany at Maracaná stadium in Río.
Argentina have been fined 300,000 Swiss francs ($336,000) for failing to bring players to four pre-match news conferences during the World Cup, FIFA said in a statement on today.
The Argentina national team today returned to the training ground in Belo Horizonte's Cidade do Galo focused on the final of the World Cup following a dramatic penalty shoot-out win to overcome the Netherlands, while Ángel Di María's return to activity was a welcome sight.
Defeated Netherlands star Arjen Robben has thrown his weight behind Germany for the upcoming World Cup final against Argentina, claiming that the Albiceleste have no hope of winning their third title in a repeat of the 1990 decider.
One 16 year-old teenager and one 45 year-old man died yesterday of heart attack after Argentina beat the Netherlands in the World Cup semi-finals.
After Brazil’s humiliating 7 to 1 defeat before Germany, President Dilma Rousseff was hoping to relieve some of the pain by crushing Argentina in a third-place match, the founder of the International Medical Assistance company, Edson Bueno, revealed after a meeting with the head of State.
Argentina are not intimidated by facing Germany in the World Cup final despite seeing them tear hosts Brazil to shreds in the semis, striker Gonzalo Higuaín said.
A day after Argentina wrote into history its World Cup semi-final clash against the Netherlands, midfielder Lucas Biglia said making it to Sunday’s match involves “an inexplicable feeling” and showed confidence that “football gives revenge” as the Albiceleste will be facing its WC’s historic executioner: Germany.
Argentine goalkeeper Sergio Romero has thanked his family, friends and Albiceleste fans who supported him “from the start” after denying two penalties to the Netherlands and giving Argentina the first pass to the World Cup finals since 1990.
Netherlands coach Louis van Gaal was left to regret the fact he could not use his specialist penalty-saver Tim Krul in the World Cup semi-final shootout which they lost 4-2 to Argentina.
Argentina goalkeeper Sergio Romero wrote his name into the nation's football history as he saved two penalties during a nail-biting penalty shoot-out, confirming Argentina's place in the World Cup final after a 0-0 draw against the Netherlands in Sao Paulo.
Over 6 thousand Argentines arrived in Sao Paulo to cheer the Albiceleste against the Netherlands in the World Cup semi-finals, according to Ezeiza airport and Aeroparque airport sources.
Argentine coach Alejandro Sabella has assured he “suffered a great deal” during the win against the Netherlands by penalty kicks and said the team will have to "give everything" in the field in the final at Maracaná against Germany.
Argentina's national team arrived in Sao Paulo where it will face the Netherlands tomorrow at the Corinthians Arena for the World Cup semi-final.
Netherlands striker Robin van Persie is a doubt for tomorrow's World Cup semi-final against Argentina after coming down with stomach problems, coach Louis van Gaal said.
Argentina interrupted preparations for their World Cup semi-final to watch Germany's 7-1 win over Brazil, a result coach Alejandro Sabella said illustrated the unpredictability and beauty of football.
World football governing body FIFA has revealed that the son of Argentina Football Association (AFA) president Julio Grondona, Humberto, must present a report explaining his actions following a scandal over the resale of tickets at the 2014 World Cup.
Argentina striker Sergio Agüero was cleared to play this Wednesday in the World Cup semi-final against the Netherlands after recovering from injury, while winger Angel Di Maria was ruled out with a muscle problem but could appear before the end of the tournament.
Argentina captain Lionel Messi was among the members of the national team who paid tribute to the late Alfredo Di Stefano, after the Real Madrid idol passed away today at the age of 88.
Argentina coach Alejandro Sabella said the match versus Belgium was the best game the Albiceleste has played so far during the tournament and highlighted the team’s defensive performance.
Forward Gonzalo Higuaín scored the decisive goal against Belgium, after 4 World Cup games with no goals. The Napoli attacker said he knew he would have an opportunity to score.
Ángel Di María will undergo a scan on his injured thigh after the midfielder hobbled out of their quarter-final win over Belgium.
The Argentine ambassador in Brazil Luis Maria Kreckler has revealed that just under 170,000 citizens have so far travelled to the country since June 12, the beginning of the 2014 FIFA World Cup in the neighbouring country.
And they did it again. Argentina fans have flocked the city of Brasilia to support Sabella’s squad at the Mané Garrincha stadium where the twice champions will take on Belgium in the World Cup quarter-finals.
When Ángel Di María finally smashed the ball into the net, an agonising cry made Buenos Aires City tremble. A camera registered that moment of relief as thousands celebrated the albiceleste going ahead against Switzerland.
Injured Argentina star Sergio Agüero stepped up his rehabilitation with several exercises on the ball, as the Albiceleste resumed training in Belo Horizonte following Tuesday's 1-0 victory over Switzerland.
An estimated 40,000 Argentina fans descended on Sao Paulo as the national team sought victory over Switzerland in order to continue their journey in the 2014 World Cup.
Argentine national team coach Alejandro Sabella's has defended his side's performance after an agonising 1-0 win over Switzerland in the World Cup last 16, affirming that the Albiceleste should have prevailed in the 90 minutes before extra time.
Argentina will soon learn the identity of their opposition in the quarter-final of the 2014 World Cup, as the United States and Belgium face off in the final last 16 tie. The winner will meet the Albiceleste on Saturday.
Argentina trained behind closed doors before travelling to Sao Paulo this afternoon, where the national squad will face Switzerland for its round-of-16 clash on Tuesday.
Argentina coach Alejandro Sabella has affirmed both Diego Maradona and Lionel Messi occupy a special place in the nation's football history, as the trainer prepares for Tuesday's clash against Switzerland.
Argentina forward Gonzalo Higuaín said he feels calm and confident in spite of not having scored any goal for the Albiceleste during the group stage.
Argentine goalkeeper Sergio Romero said the Albiceleste can’t make any mistakes in its own field and warned about Swiss “powerful attack” days before the last-16 match against the European side.
Argentina forward Sergio Agüero will undergo medical tests on his left thigh after being replaced by coach Alejandro Sabella during the game won 3-2 against Nigeria in Porto Alegre, due to muscular pain.
By Dan Edwards Ever since the city was dubbed the ‘Paris of South America,’ Buenos Aires has had a special affinity with France. Founding father San Martín may have been born in Argentina, but he spent his final days living in Boulogne sur-Mer, in the heart of the European nation.
Agüero's injury is a major blow to the South Americans' campaign to capture a third World Cup, this time on the soil of their great rivals Brazil.
An Argentine fan was wounded in the leg by a gunshot and had to seek medical treatment in Porto Alegre after arguing with a Brazilian national this morning in the city's Cidade Baixa neighbourhood.
Argentina coach Alejandro Sabella affirmed that his charges played well in taking down Nigeria 3-2 in today's World Cup clash in Porto Alegre, while playing down the significance of the goals conceded during a pulsating Group F match.
Argentina captain Lionel Messi highlighted the Albiceleste’s victory over the Nigerian side, in spite of the two goals scored by the African champions.
Argentine football icon Diego Armando Maradona said he will not be attending Argentina’s final Group F match against Nigeria today, after being accused of “jinxing” the national squad in the previous game against Iran. “I don’t want to be a problem, I won’t go to the game against Nigeria,” he said.
Porto Alegre was awash in a sea of sky-blue and white today as tens of thousands of Argentina fans flooded the southern Brazilian city for their team's concluding World Cup Group F match against Nigeria.
Argentina captain Lionel Messi scored twice and Marcos Rojo poked home in Porto Alegre to give the Albiceleste a 3-2 World Cup win over Nigeria, putting the nation top of Group F with a perfect nine points.
Former Cuban President Fidel Castro congratulated retired Argentine footballer Diego Maradona for his television program analyzing the World Cup and also saluted current Argentine goal-scorer Lionel Messi for carrying on the glory for Argentina.
Argentina need to raise their game and seize their chances to ensure victory over a fast and strong Nigeria side in their final World Cup Group F match, coach Alejandro Sabella said.
Twice World Cup winners Argentina lead Group F with six points and have already qualified. To win the group they need at least a draw against the Africa champions, the only team yet to concede a goal.
By Soledad YtuarteThe United States' representatives in Buenos Aires made a surprising move which had its more than 16 thousand followers active the whole weekend, responding to and re-tweeting football comments and strangely informal remarks.
Authorities showed off the new welcome wagon they plan to roll out if necessary as Porto Alegre braced for an Argentinean invasion for their final World Cup Group F match against Nigeria.
Argentina forward Lionel Messi lamented the Albiceleste hasn’t been able to show all its potential in the World Cup so far, but highlighted the victory against Iran and said the most important thing is having qualified to the last-16 stage after the first two games.
Argentine football icon Diego Armando Maradona was able to enter today the Mineirao arena in Belo Horizonte to watch Argentina beat Iran, after having been denied access to see the Albiceleste opener against Bosnia in Río de Janeiro last Sunday.
Argentina midfielder Ángel Di María fought back against critics of the team following a 1-0 World Cup victory over Iran, affirming that the team was on the right track despite a less than convincing display.
Holding African champions Nigeria to a stalemate is one thing, but miracles will be required if Iran are to get anything from their World Cup Group F clash against Lionel Messi's Argentina, coach Carlos Queiroz said.
Messi was critical of Argentina's first-half defensive formation in their World Cup opener against Bosnia despite a 2-1 win but those post-match comments were welcomed, coach Alejandro Sabella has said.
Argentina captain Lionel Messi has declared himself satisfied with a 2-1 win in the nation's 2014 World Cup debut against Bosnia-Herzegovina, while admitting that the first game of a tournament is always a nervy occasion for players.
Argentina's Group F rivals Iran and Nigeria laboured to the first stalemate of a scintillating World Cup with a dismal 0-0 draw that left both sides still chasing their first victory at a finals since 1998.
Two Argentine fans were arrested for chanting racist insults at Brazilians inside the Maracana stadium in Rio de Janeiro yesterday, local police said.
A wonderful strike from Lionel Messi in the second half helped Argentina to a narrow 2-1 victory in the Maracaná, as Alejandro Sabella's men downed Bosnia-Herzegovina in a tight match to pick up the maximum three points in their World Cup curtain-raiser.
More than 20,000 Argentina fans packed Rio de Janeiro's iconic Maracaná stadium for a chance to see Lionel Messi and Co. start their World Cup campaign, as the 'Albiceleste' took on Bosnia & Herzegovina in the Group F curtain-raiser.
The Argentina national team carried out behind closed doors their first training session since arriving in Brazil, as preparations continue for Sunday's World Cup debut against Bosnia & Herzegovina.
An Argentine soccer fan suffered a broken finger after three Brazilians tried to rip an Argentina flag from his hands in World Cup host city Belo Horizonte, media reported. The victim is 32-year-old Rubén Lucero.
Argentine football legend today wished coach Alejandro Sabella and the Albiceleste good luck ahead of the team's upcoming World Cup campaign, while once more criticising manager Carlos Bilardo and Argentine FA (AFA) president Julio Grondona.
Cidade de Galo, Atlético Mineiro’s training camp and the Albiceleste’s bunker during the World Cup, revealed today a peculiar welcoming sign for Argentina’s national team, set by the Argentine Football Federation.
In the last Albiceleste warm up match before the World Cup debut, Alejandro Sabella’s alternative squad beat Slovenia 2-0 at Estadio Único in La Plata.
Primary and secondary schoolchildren will be able to watch Lionel Messi and the rest of the Argentina national team from their classrooms during the World Cup, according to Education minister Alberto Sileoni.
The US dollar climbed one cent to close at 8.42 pesos, while greenbacks in the informal market traded unchanged and closed at 14 pesos amid Gendarmerie patrols in dowtown Buenos Aires.
Heavy storms are affecting the country’s capital and several regions in Buenos Aires province; the National Meteorological Service issued a weather alert which included “strong winds and occasional hail.”
Argentina still has "unresolved" issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator has said.
Wikileaks founder Julian Assange has alleged that the United States is supporting holdout investors in their dispute with Argentina over debt defaulted in 2001, as a way of punishing the country for the memorandum of understanding signed with Iran to advance investigations into the AMIA bombing.
Search efforts for the “Tunante II” sailboat and its four Argentine crew members that went missing almost two weeks ago near the Brazilian shores of Río Grande do Sul continued as experts analyzed satellite imagery that showed a boat stranded far away from the coastline.
The president of the Argentine Central Bank Juan Carlos Fábrega met with his Chinese counterpart Zhou Xiaochuan to finalize the details of the swap agreement signed between the two countries in July.
Cabinet Chief Jorge Capitanich said “there are no plans to reform the Central Bank’s Charter” in the Executive's 2015 Budget bill which will be sent to Congress next week.
After the US dollar purchases for savings reached a record high of almost US$260 million in August, Cabinet Chief Jorge Capitanich minimized the surge in US dollars demand saying the “number of approvals (from AFIP tax bureau office) has decreased substantially” after an initial climb.
Cabinet Chief Jorge Capitanich referred to the currency swap agreement with China as the two countries begin discussions to activate the deal and praised Argentina’s economic “predictability.”
Ahead of a meeting between president Cristina Fernández de Kirchner and automobile industry leaders to discuss the suspension of workers and the drop in sales, cabinet chief Jorge Capitanich pointed out that the “level of suspensions is substantially lower than in 2009” and praised the government’s efforts to handle the industry’s crisis.
The informal rate climbed 20 cents to 14.20 pesos, following Friday’s quiet market amid heavy security forces’ presence in BA City financial district aimed at affecting underground exchange houses’ operations. Meanwhile, the US dollar closed steady at 8.42 pesos.
The mayor of BA City Mauricio Macri said that he talked with president Cristina Fernández de Kirchner and agreed to keep Federal Police forces in Buenos Aires City neighbourhoods in coordination with Metropolitan Police. Last week, Security Secretary Sergio Berni had ordered the withdrawal of federal officers.
The Buenos Aires City mayor and head of PRO party Mauricio Macri celebrated the electoral triumph of PRO’s contender Pedro Dellarrossa, elected mayor of Marcos Juárez city in Córdoba province yesterday. “(The election) predicts a tsunami of change,” Macri said.
Following a meeting between president Cristina Fernández de Kirchner and auto industry leaders yesterday, Cabinet Chief Jorge Capitanich ratified that further talks will be held separately with company representatives and urged business leaders to work towards a “cooperative system”.
Cabinet chief Jorge Capitanich criticized BA City mayor Mauricio Macri’s recent campaign pledges -to remove export taxes and lower inflation- saying they are “demagogic" and "lacking of foundation.” He warned that PRO party’s proposals entail “social exclusion” and “a country for only a few.”
As several aeronautical unions threaten Aerolíneas Argentinas with going on a strike if wage negotiations are not reopened, cabinet chief Jorge Capitanich praised Mariano Recalde’s management as head of the flag carrier and warned workers against “irrational measures.”
The blue-chip swap rate climbed two cents to finish at 13.32 pesos and the stock exchange rate advanced to 13.40 pesos today, pushing the “blue” dollar up by five cents to close at 14.25 pesos. Meanwhile, the US dollar traded steady at 8.42 pesos.
Cabinet chief Jorge Capitanich defended Argentina’s efforts to increase food exports to Russia, amid accusations from the European Union (EU) that Buenos Aires is taking advantage of the bloc’s sanctions against Moscow over the Ukrainian conflict.
Several tenants and left-wing organizations have launched a protest to demand a meeting with Argentine Real Estate Chamber representatives and to push for a Tenants Defense Law to prevent abusive behaviour from landlords.
The United Nations has voted overwhelmingly in favour 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.
President Cristina Fernández de Kirchner has addressed the country in a national broadcast to announce the enactment of the pension’s moratorium bill, the construction of 22 new Procrear housing developments across the country and the building of Latin America’s tallest skyscraper on Demarchi Island.
As the Lower House is set to pass the new debt swap bill, cabinet chief Jorge Capitanich highlighted the broad support Argentina received at the United Nation’s General Assembly for a legal framework for sovereign debt restructuring processes, and urged opposition lawmakers to show the same support for the government.
Cabinet chief Jorge Capitanich accused opposition politicians and analysts of carrying out a “strategy to distort the government’s efforts and achievements,” in response to a report by the UCA Argentina Catholic University’s Social Debt Observatory that said that 42.6% of Buenos Aires Province youth live in poverty.
The US dollar traded steady and closed at 8.42 pesos in Buenos Aires City banks and foreign exchange offices. Meanwhile, the informal rate traded unchanged at 14.25 pesos.
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.
Volkswagen Argentina will lift suspensions for its workers in its plant in Córdoba province and it plans to manufacture 90,000 gearboxes to be exported to China, the provincial head of SMATA Mechanics Union Omar Dragún announced.
Former Argentina Rural Society heads Enrique Crotto and Raúl Etchebehere have been indicted for alleged “embezzlement of public funds” as part of the investigation of the purchase “at vile price” of the Argentine Rural Society premises in 1991.
Lawmakers in the Lower House of Congress began to discuss the Executive’s Sovereign Payment bill a few minutes after noon today. The project has already been approved by the Senate and is expected to be passed between 4 and 6am tomorrow.
The Argentine government has announced that the Libertad training ship will take part in the ongoing search for four Argentines who are believed to have shipwrecked while navigating in Brazilian seas.
President Cristina Fernández de Kirchner led UIA’s annual dinner in Tecnópolis, where she urged industrialists to apply Pro.cre.auto plan in order to boost car sales.
Lawmakers in the Lower House of Congress passed the Executive’s Sovereign Payment bill today, after almost 16 hours of debate, by 134 votes in favour, 99 against and 5 abstentions.
Cabinet chief Jorge Capitanich celebrated that the government’s new debt swap plan became a law and bashed opposition lawmakers who voted against the Executive’s bill saying they “respond to a strategy designed by vulture funds.’
The US dollar traded unchanged in BA City banks and exchange offices and closed at 8.42 pesos, while the so called "blue" dollar which trades in the informal market went up one cent to close at 14.26 pesos.
Susana Trimarco, the mother of Marita Verón, who has become a high-profile human trafficking case after she went missing in 2002, said that both she and her granddaughter Micaela (Marita’s child) have submitted samples for DNA analysis that will determine whether a boy found in Córdoba province is his grandson, as suspected.
The Buenos Aires province Senate has approved a bill pushed by Victory Front’s lawmaker Patricio García to take the country’s battle against vulture funds to the province’s classrooms. “Our youth deserve to understand what is being discussed,” García said.
President Cristina Fernández de Kirchner has passed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and was approved by Congress earlier this morning.
The US dollar remained unchanged in banks and exchange offices in the City and closed at 8.42 pesos. The so called "blue" dollar, meanwhile, jumped nine cents at 14.35 pesos.
Consumer prices in Argentina have risen 1.3 percent in August, INDEC statistics agency reported this afternoon, after adding 1.4 percent the previous month.
The son of President Cristina Fernández de Kirchner spoke in public for the first time , during a political rally organized by La Cámpora youth organisation, at Diego Maradona Stadium, City of Buenos Aires.
Former Spanish Judge and Human Rights activist Baltasar Garzón celebrated the Sovereign Payment law approved by Argentina’s Congress last week and described the UN’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as "essential.”
Economy Minister Axel Kicillof said La Cámpora organization rally last Saturday was “spectacular” and praised the remarks made by the son of President Cristina Fernández de Kirchner, Máximo Kirchner. “It was a politically clarifying speech,” he said about Máximo’s first public address.
YPF oil and gas state company President Miguel Galuccio pointed out the company’s “commitment to the country” and said that the increase in gas prices is needed in order to sustain “strong investment levels.”
Cabinet chief Jorge Capitanich has joined the list of government leaders to praise the first on-stage appearance of Máximo Kirchner, the president’s son. “(Máximo) is a leader with great political skills, I hope he takes an active part (in politics) from now on,” the chief of ministers said.
Following a series of remarks by opposition union leaders and politicians warning about the risk of major social outbreak in December, cabinet chief Jorge Capitanich accused them of “actively seeking a coup” and of committing a “public offence” for which they should be judged.
As President Cristina Kirchner’s gets ready for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.
The informal rate jumped 10 cents to 14.45 pesos, hitting a new record mark, pushed by especulation and hikes in the blue-chip swap and stock exchange rates. In the meantime, the US dollar traded unchanged at 8.42 pesos.
Following the fiery crash of a light aircraft in Nordelta yesterday, two other planes have come down, one in General Villegas and the other near Neuquén city. No fatal casualties have been reported from the most recent accidents.
Cabinet chief Jorge Capitanich said that US interim ambassador in Buenos Aires Kevin Sullivan has been summoned by Foreign Minister Héctor Timerman following his remarks about the country needing “to exit default as soon as possible” in an interview published on Monday .
Cabinet chief Jorge Capitanich praised once again the first on-stage appearance of the president’s son, Máximo Kirchner, who spoke at a rally on Saturday, and stressed that his remarks were not aimed at encouraging a constitutional reform to allow Ms. Kirchner to be reelected.
Following the submission of the 2015 Budget bill to Congress, cabinet chief Jorge Capitanich reiterated the government’s optimism for next year’s economic outlook . “Argentina is heading towards a very solid medium and long-term scenario,” he stressed.
Greenbacks in the informal market have broken a new barrier, climbing sharply by 25 cents to close at 14.70 pesos. The stock exchange rate was hitting a historic peak too, jumping 31 cents to close at 13.68 pesos, and pushing the so called "blue dollar" up, already following Monday's five-cent hike.
US citizen identified as Anthony Rocco Franklin, under international warrant for homicide in the US Columbia and Montour counties, has been arrested by Argentinean Federal Police in the streets of Palermo neighbourhood in Buenos Aires city.
The federal government and oil-producing provinces have come to an agreement in Mendoza over the new National Hydrocarbons law, which will now be discussed in Congress in the coming days.
Surrounded by thousands of pro-government activists in Formosa, President Cristina Fernández de Kichner inaugurated several waterworks and deliver netbooks to local students, taking the opportunity to deliver fierce criticisms at opposition leaders during her act.
Cabinet chief Jorge Capitanich said there has been no formal response from the US government following Argentina’s dispute with interim ambassador in Buenos Aires Kevin Sullivan over an alleged “intrusion into domestic affairs”.
Ahead of Congressional approval of the Anti-Hoarding law, cabinet chief Jorge Capitanich defended the bill in his daily press briefing saying it “seeks to protect small and medium-sized businesses, and consumers.” He harshly criticised “those who lie shamelessly” by arguing it would deter investments.
The informal rate hit a new historic peek, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Meanwhile, the US dollar jumped one cent to 8.43 pesos.
The Lower House of Congress has began the debate on a package of consumer bills pushed by the Executive that seek to reform the Anti-Hoarding Law, to create a consumer’s forum and a price observatory. The vote is not expected to take place until midday on Thursday.
Beloved Uruguayan actress Concepción “China” Zorrilla has died from pneumonia while hospitalized in a Montevideo clinic. She was 92.
By Damian Pachter
The Lower House has passed a package of anti-hoarding and consumer protection laws after a 14-hour long marathon debate. The government-sponsored bills involve the reform of the supply legislation, create a new price observatory and establish a new conflict-resolution mechanism between consumers and companies.
Cabinet chief Jorge Capitanich described American Airlines’ decision to restrict ticket sales to and from Buenos Aires city to 90 days as an “speculative attacks against the country”. The US airline alleged difficulties in the currency exchange market to apply restrictions in its operations in Argentina.
The government reiterated its accusations against vulture funds for this week’s ‘blue’ dollar record climb and slammed national and foreign banks for “fueling” operations in the illegal currency exchange market.
Following the congressional approval of the anti-hoarding bill, Cabinet Chief Jorge Capitanich praised the reform of the previous legislation and dismissed criticism by industrial groups.
The informal rate fell back by 10 cents to close at 15 pesos today, after it breached a new record mark yesterday, at 15.10 pesos. Meanwhile, the US dollar closed a cent higher at 8.44 pesos.
Aerolíneas Argentinas head Mariano Recalde expressed his “surprise” at American Airlines (AA) decision to restrict sales to and from Buenos Aires City and denied any similar measures by other airlines operating in the country.
Argentina’s Central Bank denied any "currency restrictions," in response to American Airlines’ alleged reason to limit local availability of tickets.
New York's Second Circuit Appeals Court has heard the arguments of Citigroup, who seek to overturn a judicial order blocking the payment of Argentine bonds. The court also promised to release its decision 48 hours before the next payment deadline of September 30, although the comments from one of the judges cast doubt on the bank's posture.
President Cristina Fernández de Kirchner assured 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.”
Cabinet Chief Jorge Capitanich renewed the government’s criticism of the so called “blue” dollar operations calling on savers to not lean towards the “illegal” market to get greenbacks.
The so called “blue” dollar traded steady and closed at 15 pesos following yesterday’s fall and Wednesday’s sharp climb when, pushed by speculation, greenbacks in the informal market hit a record high. In BA City banks and foreign exchange offices, the official rate of the American currency jumped to 8.44 pesos.
A US appeals court dismissed an appeal by Citigroup Inc and Argentina of an order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's laws following its 2002 default.
Industry Minister Débora Giorgi has questioned the decisions taken by automotive industry leaders, whom she held accountable for recent suspensions and layoffs. The minister stressed that despite the slower economic activity in the industry, “there have been no plant closures.”
A harrowing stand-off in the City neighbourhood of Balvanera came to an end after two hours, after a criminal who had taken a passer-by hostage at gunpoint following a botched robbery handed himself over to authorities.
Cabinet chief Jorge Capitanich urged Citibank to “honour its obligations to transfer funds to (Argentina’s) bondholders" following the New York's Second Circuit Appeals Court dismissal of an appeal by Citigroup and Argentina that sought to overturn US Judge Thomas Griesa’s order blocking payment.
The blue-chip swap rate advanced 62 cents to 14.53 pesos, breaching a new record mark, while the stock exchange rate jumped 60 cents to 14.52 pesos. The informal rate also soared at the end of trading to 15.15 pesos, after a week of sharp climbs pushed by speculation.
Ever since Máximo Kirchner made his first major political speech, kirchnerite leaders have expressed their support for a more active political role of the president’s son. Deputy governor of Buenos Aires province Gabriel Mariotto said “it would be great if (Máximo) presented his candidacy for Buenos Aires province” in 2015 elections.
Governor of Buenos Aires province Daniel Scioli broke his right collarbone while playing futsal although he announced that he will continue to carry with his normal activities.
Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner comments that the bank had “a gun to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa. “The Citibank has no gun to its head, but the Argentine law,” Kicillof stated.
President Cristina Fernández de Kirchner today thanked UN chief Ban Ki-moon for the organisations support of Argentine debt restructuring, and also met with bondholder and billionaire financier George Soros, who is suing a US bank caught in the middle of the country's latest debt default.
New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honour a payment on Argentine bonds held under local legislation and in foreign currency.
The Bank of New York Mellon (BONY) has declined Argentina's request to relinquish its role as the country's financial agent, insisting that it would continue to abide by court rulings made in New York regarding payment to bondholders.
Cabinet chief Jorge Capitanich refused to make further comments on the new hearing called by US Judge Thomas Griesa for Friday but considered “fair and necessary” that the magistrate allows payment on Argentine bonds under local legislation.
Cabinet chief Jorge Capitanich explained that the country currently imports u$s 12 billion dollars in energy but said that “strenuous efforts” are being made to increase local oil production and urged private companies to raise investment levels.
The so-called "blue" dollar today added 27 cents to close at 15.42 pesos, pushed by the stock exchange rate, while the official dollar dropped one cent to close at 8.44 pesos in Buenos Aires City banks.
Former president Carlos Saúl Menem declared before Federal Judge Carlos Villafuerte Ruzo and ratified his earlier statement that his son, Carlos Menem Jr, was “murdered”. Menem was deposed at his office in the Senate in the trial investigating the death of his son, who perished in a fatal helicopter crash in 1995.
The Budget and Finance Lower House committee has met to analyse the 2015 budget bill. During seven hours, Economy Ministry officials informed lawmakers on several details of the bill, which will be discussed in the Lower House on October 8.
Ratings agency Moody's Investors Service has warned the South American country can be “harmful” for Latin America, stating Argentina’s economy is in “decline” and qualifying the country as “highly risky.”
Gastón Aguirre, the person who attempted to rob at gunpoint the backpack of a Canadian tourist in La Boca while being filmed, assured today he tried to bring money to his home in order to celebrate his son's birthday, in statements to a local TV channel.
After the informal rate advanced 27 cents yesterday, following a week of sharp climbs, cabinet chief Jorge Capitanich aimed at speculators and stressed that the so called “blue” dollar “cannot be taken as a reference for any transaction because it does not relate to (the country’s) macroeconomic perspectives.”
Cabinet chief Jorge Capitanich harshly criticized the so called G6 group of Argentina’s top business leaders who have expressed its intention to challenge the constitutionality of the recently passed anti-hoarding law sponsored by the Executive. “It makes no sense,” he said.
Cabinet chief Jorge Capitanich said that “Germany has always had a hostile stance against Argentina” on the country’s battle against its holdout creditors. He fired back at the latest ad published by the American Task Force Argentina (ATFA) that quoted German Finance Minister Wolfgang Schauble who had described Argentina as “an example of lack of solidity” last month.
Vicepresident Amado Boudou has filed an appeal against his indictment for the purchase of an Honda vehicle in the 90s with fake documents. He reiterated his claim that the crime was commited by the agents in charge of the car’s ownership transfer.
Business tycoon Eduardo Eurnekian expressed confidence that billionaire George Soros, who met with President Cristina Fernández de Kirchner in New York last Monday "may be well positioned to help broker a deal," in reference to the dispute between Argentina and so called vulture funds.
The National Statistics and Census Institute (INDEC) has asserted that the Argentine economy grew 0.9 percent in the second quarter of 2014 compared to the previous three month period, overturning a trend of two consecutive quarters of negative growth.
New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.
Following a new record high of the so called “blue” dollar -that closed at 15.95 pesos yesterday-, cabinet chief Jorge Capitanich dismissed rumours that the government is encouraging importers to buy foreign currency in the parallel market. "It is a lie, a baseless rumour," he said.
Cabinet chief Jorge Capitanich rejected claims of currency restrictions in import/export operations and accused “some businessmen and bankers” of "seeking to evade the government’s control and supervision, jeopardizing the quality of life of the Argentine people.”
The government announced that airlines for both commercial and non commercial flights will be required to deliver further information of its passengers to the National Migrations Office, the AFIP tax bureau, Airport Police and Civil Aviation National Administration.
President Cristina Fernández de Kirchner landed minutes after 10 am in Buenos Aires City Aeroparque airport back from New York, where she addressed the United Nations (UN) General Assembly and Security Council yesterday.
The so called "blue" dollar fell back 20 cents today to close at 15.75 pesos, even though the stock exchange dollar rate or MEP was up 23 cents at 14.70, and the blue-chip swap rate increased by 32 cents to close at 14.73 pesos.
AFIP national tax bureau has received from France a list of 3.900 Argentine nationals or residents with accounts in HSBC Bank in Switzerland and now seeks to demand payment for undeclared money.
Angela Markel’s administration attempted to lower tensions with the Argentine government today, after controversial statements made by German Finance Minister Wolfgang Schauble regarding the so called vulture funds conflict.
Cabinet Chief Jorge Capitanich came on stage today to blast opposition analysts who criticize the national government for the economic situation and accused them of having led the country to a debt status.
The US dollar traded two cents up today in banks and exchange houses to end at 8.46 pesos, while the informal rate remained steady.
Argentina's economic activity index held steady in July compared with the same month a year earlier, official data showed today, bucking expectations for a slight slowdown in Latin America's third-largest economy.
Argentina today reported a current account surplus of $609 million in the second quarter after posting a $3.46 billion deficit in the first three months of 2014.
US Assistant Secretary of State for the Western Hemisphere Roberta Jacobson has said the bilateral relationship with Argentina is going through a “tough period”, while stating the legal battle between the South American country and holdouts is not a political problem but a judicial problem.
Buenos Aires City Mayor, Mauricio Macri questioned President Cristina Fernández de Kirchner’s foreign policy today, and warned that “we can’t continue fighting with everyone.”
The leader of the UNEN-Broad Front Hermes Binner said the front is “doing very well, travelling all over the country” and that it will anounce its economic plan on Thursday.
The head of the Sedronar anti-drug trafficking office, Juan Carlos Molina openly questioned the Security Ministry drug policies saying it does not lead to the arrest of big traffickers but only of the “little fish”.
Cabinet chief Jorge Capitanich defended government policies aimed at “sustaining domestic demand and public investment as a driving force for economic growth and employment level” in a complex international scenario.
The government is pushing a reform in the criminal foreign exchange regime to battle underground exchange houses operations (known as cuevas), said Carlos Gonella, head of the Office of Economic Crime and Money-Laundering (PROCELAC).
Cabinet chief Jorge Capitanich harshly criticized grain exporters and the leaders of the Argentinean agricultural sector for “having selfish attitudes” by hoarding grains and not selling months ago.
The “blue” dollar fell back 15 cents to 15.60 pesos after last week's 75 cents climb. Meanwhile, the US dollar advanced three cents to 8.49 pesos in Buenos Aires City banks and foreign exchange offices.
The Procreauto plan has cut down suspensions by 70% in auto industry and it “dispels the phantom of unenmployment,” the SMATA Mechanics union said in a statement today.
Argentine ambassador to the UK Alicia Castro spoke at the 17th The Communication Workers Union (CWU) Women's Conference in Leeds and thanked British unions for their support in Argentina’s battle against its holdout creditors, the so called vulture funds.
Federal Prosecutor Fabiana León has asked the Federal Court for a three-year prison sentence for former Economy Minister Domingo Cavallo in the final stage of the trial for the 2001 “mega-swap” deal.
The Foreign Ministry has asserted that New York district judge Thomas Griesa's contempt ruling against Argentina is in clear breach of international law, adding that the decision had no practical ramifications against the nation and only served to aid the vulture fund campaign.
The national government will deposit its next interest payment due on its restructured debt tomorrow, a source at the central bank said, in defiance of a US court which blocked such payments until the country pays US hedge funds suing over unpaid bonds.
New York district judge Thomas Griesa has declared Argentina in contempt of court, due to the nation's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.
Cabinet chief Jorge Capitanich said that US judge Thomas Griesa’s decision to hold Argentina in contempt of court in the country’s longstanding legal battle against its holdout creditors is “baseless” and has “no impact” in the national economy.
Cabinet chief Jorge Capitanich described opposition lawmakers' decision to file injunctions against the Civil and Commercial Code bill to be discussed tomorrow in Congress as “regrettable” and “contrary to the foundations of the republican system.”
Vicepresident Boudou arrived at Comodoro Py Federal Court where his fingerprints were taken in the case in which he is indicted for allegedly falsifying public documents of a Honda car purchased in the city of Mar del Plata in 1992.
Workers of bankrupted RR Donnelley printing company protested today in front of Commercial Court N° 18 in Buenos Aires City’s Recoleta neighbourhood to demand salary payment and to be allowed to continue working as a cooperative enterprise.
The informal rate climbed ten cents to close at 15.70 pesos today, following US Judge Thomas Griesa’s decision to hold Argentina in contempt of court for evading his rulings in the longstanding dispute with the country’s holdout creditors. In the meantime, the US dollar fell back five cents to 8.44 pesos.
The government made a deposit today to comply with the Par coupon interest payment which was due today, in what can be read as a defying stance towards a US court that blocked such payments until the country compensated US hedge funds suing over unpaid bonds.
The US State Department has reacted to the letter sent by the Argentine government to Secretary of State John Kerry before yesterday’s ruling, declaring the country in contempt of court. “We are following the situation closely,” a spokesperson from that entity expressed earlier today.
In her first public appearance since the declaration of the country in contempt of court, President Cristina Fernández de Kirchner took a hard-line against the US on national broadcast and warned that if “something happens to me, look north”, in a speech delivered from the Women’s Salon, at the Government House.
President Cristina Fernández de Kirchner announced estimated tax revenue for this month rose 37,2 percent in comparison to the same period last year, reaching 98.5 billion pesos.
Cabinet chief Jorge Capitanich reiterated the government’s claim for the US government to take responsibility for the actions of its judicial branch in Argentina's longstanding legal battle against its holdout creditors.
As the Lower House of Congress is set to begin the debate on the bill to reform the country’s Civil and Commercial Code today, cabinet chief Jorge Capitanich defended the bill and denounced “media operations” that “lie”, “misinterpret” the project.
Following president Cristina Fernández de Kirchner’s claims of “suspicious movements” involving the dollar informal rates yesterday, cabinet chief Jorge Capitanich warned against those who “engage in illegal or speculative actions” saying they must be identified and sanctioned.
The so-called “blue” dollar dropped 10 cents to 15.60 pesos today, while the blue-chip swap rate plunged 84 cents to 14.36 pesos and the stock exchange rate dropped 43 cents to 14.56 pesos as sharp losses on the Buenos Aires stock market pushed the parallel currencies down.
Opposition lawmakers are determined to stop the debate on the reform of the Civil and Commercial Code scheduled for noon today at the Lower House.
The head of the Mormon Argentina Buenos Aires West Mission, US citizen David Paul Robertson, was kidnapped, robbed, and finally released by armed men that attacked him while he was driving in Ciudadela, in Greater Buenos Aires.
The Victory Front (FPV) caucus at the Lower House has passed the bill that seeks to reform the nation’s Civil and Commercial Code into law, amid threats by opposition lawmakers who sought to stop the debate and then walked out of the session.
The Federal Court has ratified its indictment against Vicepresident Amado Boudou for the purchase of an Honda vehicle in 1992 with fake documents. The Court rejected a dismissal appeal filed by Boudou last week.
The National Security Commission (CNV) has launched an inspection of Balanza Capital and Banco Mariva financial agencies, both accused of "suspicious movements" by president Cristina Fernández de Kirchner yesterday in a nationwide broadcast.
Buenos Aires shares today fell 8.2 percent to 11.516,28 units following the news that the Central Bank chief Juan Carlos Fábrega had resigned.
The US judge overseeing Argentina's dispute with a group of creditors said a hearing he has set for Friday morning in the case will be "regarding the recent default by the Republic of Argentina," according to a court filing.
Aurelius Capital Management has shot down speculation that the hedge fund was fielding a viable private-sector proposal for selling its untendered Argentine sovereign debt in a bid to shorten the amount of time Argentina is in default.
The International Swaps and Derivatives Association (ISDA) said today it had received its first request to consider whether a credit event had occurred, according to the ISDA website.
Economy Minister Axel Kicillof today insisted Argentina will not pay “vulture funds” or “anyone who buys their bonds” a higher amount than the negotiated in the 2005 and 2010 debt swaps, saying the latter would also trigger the RUFO clause.
Fitch rating agency has officially downgraded Argentina's sovereign debt grade to the category of “restrictive default”, as it considered the country failed to make payment of its Discount bonds on July 30.
Kevin Sullivan, US interim ambassador in Argentina affirmed today the country must seek “practical solutions” with the so called vulture funds over defaulted bonds.
President Cristina Fernández de Kirchner announced pension funds will increase by 17,21 percent, to a minimum sum of 3.271.73 pesos starting on September the 1st.
US District Judge Thomas Griesa, in a stern tone, today criticized Argentina's decision to default on $29 billion in debt earlier in the week rather than pay holdout investors as ordered.
The informal rate or "blue" dollar today rose again to end five cents higher at 12.80 pesos after climbing 40 cents yesterday as investors shelter in the US currency amid increasing uncertainty over the ongoing debt negotiations in New York.
The International Swaps and Derivatives Association (ISDA) today effectively declared Argentina in default, setting in motion a process that could trigger payments worth up to USD1bn on credit default swaps.
Ratings agency Moody’s Investors Service left today Argentina’s note bonds unchanged but it lowered the country’s outlook rating to “negative”, as it considered domestic economy will deteriorate after the failure to pay exchange bondholders.
Deputy Minister of Economy Emmanuel Álvarez Agis has renewed the government’s criticism of Daniel Pollack – the mediator appointed by US District Court Judge Thomas Griesa to conduct talks between Argentina and so called "vulture funds" –, questioning the lawyer’s “biased” position in the dispute.
The European Union (EU) has recognized Argentina as one of the few countries able to export high-quality beef under the “feed-lot quota” to the European market, a press release from the Foreign Ministry informed.
Supreme Court judge Eugenio Zaffaroni condemned US Federal Judge Thomas Griesa’s ruling on Argentina’s legal battle against its holdout creditors saying it is a “judicial scandal” that reveals that “today, arbitral power is economical and there are no legal instruments to control it”.
Teachers in Buenos Aires City and several provinces joined their colleagues from Buenos Aires province and announced they will not resume classes tomorrow, after the winter break, demanding for the reopening of wage negotiations.
BA Province Cabinet Chief Alberto Pérez described the teachers’ strike in demand of wage raise as “out of context”. He stressed that the salary increase agreed last April has not yet been outpaced by inflation.
Originally scheduled for July, the Cabinet Chief’s visit to the Senate, where he is to brief lawmakers, will take place on Wednesday, the chief of ministers Jorge Capitanich himself confirmed.
Cabinet Chief Jorge Capitanich said the government will call for an inquiry for “fraudulent maneuvers” and urged “bondholders, trustees and clearing agencies” to also take legal action against vulture funds.
At the beggining of the 48-hour strike launched by teachers in Buenos Aires and several provinces, the head of SUTEBA teachers’ union, Roberto Baradel, justified the walk-out.
President of the National Security Commission (CNV) Alejandro Vanoli confirmed in a press conference that the national securities watchdog is calling European and US counterparts for a “thorough inquiry” on vulture funds for “fraudulent manoeuvres”.
The official rate ended three cents higher at 8.28 pesos in banks and exchange offices while the “blue” dollar fell back by ten cents to 12.70 pesos.
The Paris Club of major creditor nations said today it had received a first payment of Argentina's debt arrears as promised under an agreement struck in May.
President Cristina Fernández de Kirchner has asserted she would only take decisions that benefitted the overall health and stability of the Argentine state, as she called on the country to defend the achievements of the past 10 years.
The Buenos Aires province government announced a face-to-face meeting with teachers’ unions on Wednesday and urged them to call off the 48-hour strike launched today.
Former Finance Secretary Guillermo Nielsen today referred to the government's strategy towards vulture funds and said "the strategy of blasting the judge and the mediator has not been thought enough and will isolate the country."
New York judge Thomas Griesa has granted the JP Morgan bank permission on a one-time basis to pay out interest services to holders of restructured Argentine bonds, and confirmed that 'Special Master' Daniel Pollack would remain as mediator in the legal dispute despite criticisms from the nation.
Cabinet Chief Jorge Capitanich criticised US Judge Thomas Griesa’s decision to confirm Daniel Pollack as mediator to conduct talks between Argentina and holdouts saying "it ratifies the judge’s stance, that does not understand the difficulties of the process.”
On the second day of a 48-hour teachers’ strike, Cabinet Chief Jorge Capitanich rejected the unions' demands for new collective wage talks at a national level. "In no way we will encourage the reopening of national wage negotiations," he stated.
The International Swaps and Derivatives Association (ISDA) will decide today at noon whether Argentina has defaulted on its debt, which would set in motion a process that could trigger payments worth up to USD1bn on credit default swaps.
The US dollar closed steady at 8.28 pesos in banks and exchange offices in Buenos Aires City, following a three-cent climb yesterday amid a low selling volume from grain exporters.
The International Swaps and Derivatives Association (ISDA), which declared Argentina in default as of July 30, decided to resume discussions over an auction to settle Credit Default Swaps (CDS) contracts on Thursday.
The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed today in a press release.
Cabinet Chief Jorge Capitanich confirmed that Argentina has formally demanded the Bank of New York Mellon and other financial entities, in a reference to Citibank, to guarantee that restructured bondholders receive the u$s 539 millions deposited by Argentina.
Cabinet Chief Jorge Capitanich rejected accusations made by lawmaker Graciela Ocaña for irregularities in “Fútbol para todos” (Soccer for all) programme saying they are “false, slander”. He bluntly denied that him or his predecesors Aníbal Fernández and Juan Manuel Abal Medina had been indicted, as it was reported by Clarín newspaper.
After recovering the grandchild she had long been searching for, the head of Grandmothers of Plaza de Mayo Estela Barnes de Carlotto expressed her joy and thanked everyone who helped in her quest to find him. “This is a day of glory,” she said, ecstatic.
The US dollar traded steady today and closed at 8.28 pesos in banks and exchange offices, after accumulating a nine-cent rise in the last three weeks.
Rubén López, son of Jorge Julio López, a key witness in the case against repressor Miguel Etchecolatz who remains missing since 2006, said the recovery of Estela de Carlotto’s grandson gave him “strength to keep going”.
Economy Minister Axel Kicillof said that the government is “closely monitoring” business leaders to make sure they “do not take advantage of the vulture funds dispute”.
The Lower House has approved the bill that provides legal immunity for assets held by foreign central banks in Argentina by 201 affirmative votes, 8 negatives and 4 abstentions. The bill was signed into law as it was already sanctioned by the Senate last July.
Cabinet Chief Jorge Capitanich briefed senators in the Upper House during a session presided by Vicepresident Amado Boudou, but several opposition blocs walked out of the audience in protest to the presence of the politician.
The Economy Ministry reminded bondholders that they possessed rights and "solutions" over the funds currently owed to those holding restructured titles, which are being held by the Bank of New York (BoNY) while Argentina argues that they must be turned over to participants of the 2005 and 2010 debt swaps.
The Buenos Aires City Public Notaries Association revealed today that house sales in June rose 19.6 percent across the district, reaching the highest level so far after months of negative results.
Cabinet Chief Jorge Capitanich said US Judge Thomas Griesa has proved his “incompetence, constant bias” by ratifying his order to keep a hold on funds Argentina deposited for exchange bondholders in the Bank of New York Mellon.
Following the controversial Senate session he presided over yesterday, with opposition blocs walking out of the chamber in protest against his presence, Vicepresident Amado Boudou travelled to Colombia to attend President Santos’ swearing-in ceremony.
Banks nationwide will not be open to the public due to a 24-hour strike launched in protest against the income tax floor.
The US dollar traded unchanged at 8.28 pesos in Buenos Aires City banks and foreign exchange offices with few operations registered following a strike affecting all banking activities. In the informal market, greenbacks closed at 12.80 pesos.
The economy minister reiterated his criticism against industrial leaders for "using" Argentina’s dispute with vulture funds as an “excuse” for not investing. He said that the “government is an ally” of those who invest.
Supreme Court Chief Justice Ricardo Lorenzetti commented for the first time on the government’s battle against vulture funds. “The debt has to be paid,” but “with humans rights as limits,” he warned.
New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time tomorrow to address Argentina's recent public statements over their attempts to pay creditors, a court official said.
Worshippers of Saint Cajetan have flocked to the Italian priest's sanctuary in the City neighbourhood of Liniers, in order to thank him for the bread and work they received during the last year.
New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time today to address Argentina's recent public statements over their attempts to pay creditors, a court official said.
The US dollar climbed one cent and ended the week at 8.29 pesos in Buenos Aires City banks and foreign exchange offices. In the informal market, greenbacks traded stable and closed at 12.80 pesos.
Labour Minister Carlos Tomada today admitted Argentina "is not having the same growing employment levels of the past years."
NY district judge Thomas Griesa threatened today the Argentine lawyers to declare the South American nation in “contempt” if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited US$539 million in bond payments in Bank of New York Mellon (BoNY) and Citibank.
A US State Department spokeswoman told Buenosairesherald.com that the US would not agree to grant jurisdiction in the International Court of Justice, following Argentina's intention to sue the US over its sovereign debt dispute.
The head of the Jewish community organization DAIA in Mar del Plata, Benjamin Schujman, was killed last night by one of his employees, who then took his own life, at his estate in Mar Chiquita, in Buenos Aires province.
Grandmothers of Plaza de Mayo head Estela de Carlotto has said that finding his long-lost grandson is a “dream” that “brought Argentines together” but pointed out that “there is still a lot to do”.
The cabinet chief reiterated that any ongoing negotiations between Argentinean private agents and holdouts “are not the state’s concern or responsibility.”
Cabinet Chief Jorge Capitanich rejected that the government plans to further devaluate the peso, in response to criticism by Argentine Industrial Union (UIA) head Héctor Méndez, who had suggested that it might need to intervene to accelerate the devaluation.
Following the rejection of Chubut province legislature of the oil and gas bill drafted by the national government, and with Neuquén province to follow the same path, Cabinet Chief Jorge Capitanich said the project is “fully compatible” with the country’s “energy self-supply strategy”.
The US dollar ended unchanged at 8.29 pesos in BA City banks and foreign exchange offices. Meanwhile, the informal rate remained steady at 12.80 pesos.
The Chicago-based printing firm RR Donnelley announced that it is shuting down operations in Argentina due to an “insurmountable crisis” and filing for bankruptcy, after 22 years in the country. The Buenos Aires province Ministry of Labour has ordered 15 days of mandatory conciliation to solve the crisis.
Argentine Industrial Union (UIA) leaders met with Domestic Trade Secretary Augusto Costa and asked him to “ease the import of necessary supplies.” The government pledged export promotion measures.
After a meeting between government officials and representatives from the Argentine Industrial Union (UIA) today, its secretary Ignacio De Mendiguren, considered the meeting “positive” and stated that “the most important thing is that we resumed discussions.”
Social media network Facebook has officially launched a new 'personalised gender' option for profiles in Argentina, in an event attended by the Argentine Homosexual Community (CHA), one of the principal backers of the scheme.
Cabinet Chief Jorge Capitanich has said the government is expecting the Congress to discuss the series of new bills drafted by the Executive to amend laws that protect consumers and regulate companies.
Amid the ongoing labour conflicts in Lear and RR Donnelly firms, both located in Panamericana Highway, Cabinet Chief Jorge Capitanich differentiated the two cases and said that “there is a deliberate strategy to radicalize protests” that seeks to “erode the confidence in the government”.
Cabinet Chief Jorge Capitanich confirmed that two patients have contracted the Chikungunya virus but pointed out that they were both imported cases since the affected had recently travelled to Dominican Republic. “The virus is not circulating in the country,” the official stressed.
The so called "blue dollar" advanced fifteen cents today and closed at 12.95 pesos, boosted by a 18-cent climb in the blue-chip swap, which traded at 10.94 pesos. Meanwhile, the US dollar traded unchanged at 8.29 pesos in Buenos Aires City banks and foreign exchange offices.
Thousands of pro government activists gathered at the Luna Park stadium in Buenos Aires City, to express their support in favour of President Cristina Fernández de Kirchner's stand against the so called vulture funds.
Cabinet Chief Jorge Capitanich responded to Argentine Industrial Union (UIA) criticism of the government-fueled bill to reform several consumptions laws, including the Supply law, saying it is a “high quality” project that aims to “enforce the Article 42 of the Constitution.”
Cabinet Chief Jorge Capitanich rejected the possibility raised last week by Argentina’s holdout investors to declare principal and interest immediately due, a move known as acceleration, saying the conditions for it have not been met.
In response to the remarks by Argentine Episcopal Conference (CEA) spokesperson Jorge Oesterheld about “growing employment instability”, Cabinet Chief Jorge Capitanich said that “the opinion of one spokeman is not a document”.
The "blue" dollar rate continued to chart a rising path and advanced 20 cents to close at 13.15 pesos today, boosted by climbs in the stock exchange rate and the blue-chip swap rate, amid growing uncertainty over the country’s dispute with its holdout creditors.
The trial for the explosion of a military factory in Río Tercero, Córdoba province began at the Province’s Federal Court II, 19 years after the explosions that killed seven people and wounded hundreds.
President Cristina Fernández de Kirchner arrived in Paraguay to return the furniture and other belongings of one of the country’s most revered leaders, Francisco Solano López, seized by Buenos Aires 150 years ago.
The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina's outstanding credit default swaps.
AFIP tax bureau officials carried out three simultaneous raids at HSBC offices in Buenos Aires this afternoon as part of an investigation into alleged tax evasion and money laundering.
Through an official communiqué, the Federal Government manifested its ‘deep grief’ for the tragic death of Brazilian Eduardo Campos, Pernambuco former governor and socialist candidate for the upcoming presidential elections, who died during a plane accident earlier today.
Cabinet Chief Jorge Capitanich defended once again the bill drafted by the Executive to amend laws that protect consumers and regulate companies and bashed its critics, mainly industrial leaders, saying they “represent the interests of concentrated powers”.
Amid record climbs in the parallel dollar rates, Cabinet Chief Jorge Capitanich said the government is not considering any changes in the purchase of dollars for savings policy.
In response to Aurelius Capital Management claims that “the worst is yet to come” for Argentina, Cabinet Chief Jorge Capitanich said that those threats are “emtpy and irrational” and described the holdouts as “voracious groups that make up an international mob”.
The informal rate continued its rising path today, with a new record climb to close at 13.20 pesos. Meanwhile, the US dollar traded steady at 8.29 pesos in Buenos Aires City banks and foreign exchange offices.
Argentine Industrial Union [UIA] Vice-President José Urtubey said that if the reform that the Executive seeks for the Supply law is passed by the Congress they will “resort to the court”
Amid tensions between the leaders of the Broad Front UNEN over lawmaker Elisa Carrió’s promotion of an electoral alliance with PRO, the Front’s lawmakers Ernesto Sanz and Hermes Binner rejected any deal with Buenos Aires City Mayor Mauricio Macri’s party.
The fiscal surplus has reached 2.2 billion pesos although in June a primary budget deficit estimated in 286.6 million pesos was recorded.
President Cristina Fernández de Kirchner launched a series of housing programs in several provinces during an act broadcasted from the Women's Salon at Government House, City of Buenos Aires.
President Cristina Fernández has instructed the application of the anti-terrorist law for the first time against Donnelley, a printing company allegedly funded by a number of so-called vulture funds linked to Elliott Management head Paul Singer.
The US dollar closed unchanged at 8.29 pesos in Buenos Aires City banks and foreign exchange office. The Central Bank has marked its lowest peak in currency purchasing acquiring only u$s10 million yesterday though international reserves remained steady.
Holders of euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking the country from making payments on their debt, according to a court filing.
Domestic Trade Secretary Augusto Costa rejected that the reform of the Supply law pushed by the Executive will give more intervention power to the government and stressed that it is not inspired by “international experiences”, in response to those who compared the bill to the policies implemented in Venezuela.
Grandmothers of Plaza de Mayo head Estela de Carlotto said Argentine Judiciary will determine the fate of the couple that raised her recently-recovered grandson, snatched from his mother Laura during the country’s last dictatorship.
Amid a crisis in local Victory Front party, the Governor of Río Negro province Alberto Weretilneck has said he feels “outside of the Victory Front” due to local PJ party “expulsive attitude”, and admitted he is closer to Renewal Front’s Sergio Massa, who he described as “the person Argentina needs”.
Supreme Court Chief Justice Ricardo Lorenzetti has said that drug-trafficking has advanced in the country, increasing insecurity rates.
UCR Congressman and Presidential pre-candidate Julio Cobos said an alliance between UNEN and Buenos Aires City mayor Mauricio Macri’s PRO party is “practically imposible” and urged the Broad Front to stop “wasting effort.”
The warm weather, with temperatures rising up to 30 °C in Buenos Aires and many provinces during the long-weekend, will continue at least until Saturday, the National Meteorological Service (SMN) said.
Cabinet Chief Jorge Capitanich, Foreign Minister Héctor Timerman and Ministry of Foreign Affairs Legal Adviser Susana Ruiz Cerrutti were addressing reporters this morning to discuss Argentina’s legal action against the US at the Hague over its dispute with holdout hedge funds.
Cabinet Chief Capitanich fired back against critics of the bills drafted by the Executive to reform several consumption and production laws saying “business leaders must stop political chicanery and strategies that seek to distort (public) opinion.”
Head of the CNV securities regulator Alejandro Vanoli explained that the anti-terrorism law will not be applied against printing firm RR Donnelley, as president Cristina Fernández de Kirchner had announced, and that economic crimes law will be enforced instead.
The US dollar closed one cent up today at 8.30 pesos in Buenos Aires city banks and foreign exchange offices. Following a week with record climbs, the so called "blue" dollar was unchanged at 13.20 pesos.
The employees of US-based autoparts company Lear went back to work, after the plant in General Pacheco, in Buenos Aires province, was paralysed for two weeks due to a labour protest.
Industry Minister Débora Giorgi and Agriculture Minister Carlos Casamiquela met in Moscow with Russian authorities, seeking to increase Argentine exports, capitalising on the ban set by President Vladimir Putin on European and US agricultural goods in response to Western sanctions over the situation in Ukraine.
The National Statistics and Census Institute (INDEC) has revealed that unemployment reached 7.5 percent during the second quarter of 2014, a 0.4 percent increase on the previous period.
Anticipating what seems an imminent order of contempt-of-court by US Judge Thomas Griesa following President Kirchner’s decision to push a bill to change the payment jurisdiction to Buenos Aires, the cabinet chief pointed out that as a “sovereign country” Argentina cannot end up in contempt.
Cabinet Chief Jorge Capitanich stressed that by changing the debt’s jurisdiction to Buenos Aires the government seeks to protect restructured bondholders and pointed out that the fate of the u$s 539 millions deposited to restructured creditors in a Bank of New York (BoNY) account is to be determined by US District Judge Thomas Griesa, who has frozen the assets.
Following the government’s proposal to change the debt’s jurisdiction from New York to Buenos Aires, the US dollar closed three cents up to 8.33 pesos in banks and exchange offices of the City, while the "blue" rate added a massive 35 cents to trade at 13.55 pesos.
The Italian bondholders' legal representative Tullio Zembo praised the Sovereign Public Debt Payment Law pushed by the government saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropiate.”
The central and northern Argentine provinces will experience temperatures up to 35 °C until Saturday, when this week’s summer-like weather is expected to come to an end, the National Meteorological Service (SMN) has said.
Following the controversy sparked by his remarks calling for action on “foreign criminals”, Security Secretary Sergio Berni rejected that his comments were xenophobic and called for a “serious debate” on foreign national criminality rates.
Hedge fund Aurelius Capital Management has slammed Argentina's proposal to change the jurisdiction of restructured debt to Buenos Aires, in a move that the holdout investor called the nation's "latest plan to evade and violate US court orders".
President Cristina Fernández de Kirchner today attended the Buenos Aires Stock market to address the 160th anniversary of the entity.
President Kirchner emphasized the need to amplify “the local financial market so we will not depend on foreign fluctuations,” during the celebration of Buenos Aires Stock Market 160th anniversary.
Following the announcement by the dissident CGT umbrella union of a 24-hour strike for August 28, Cabinet Chief Jorge Capitanich said the anti-government CGT splinters led by Hugo Moyano and Luis Barrionuevo “does not represent the majority of workers or unions.”
The cabinet chief bashed Buenos Aires City Mayor Mauricio Macri for his remarks against the national government’s plan to reopen the debt swap, replacing the Bank of New York Mellon with local Banco Nación as trustee.
In a market shaken by the government’s plan to restructure the external debt replacing the bank of New York Mellon as trustee, the "blue" dollar jumped 40 cents to close at 13.95 pesos. Meanwhile, the official dollar rate climbed seven cents and a half and closed at 8.405 pesos.
US District Judge Thomas Griesa declared that an Argentine plan to change the jurisdiction of restructured foreign debt was illegal, while resisting holdout investors' demands that Argentina be held in contempt of court for attempting to change the site of payment to Buenos Aires.
In an interview with Argentina’s daily Ámbito Financiero, Nobel Economics laureate Joseph Stiglitz considered the government’s move to reopen the debt swap a “good call” saying the reopening would “voluntarily" invite bondholders to join the strategy.
Deputy Minister of Economy Emmanuel Álvarez Agis denied that the government plans a new devaluation and warned against “abrupt” exchange rate increases which create “tense situations” for the country.
European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that the country claims prevents them from negotiating with vulture funds, sources close to the meetings informed today.
The official dollar climbed one and a half cents in Buenos Aires city banks and exchange offices to close at 8.42 pesos. Meanwhile, greenbacks in the informal market lost seven cents and closed at 13.88 pesos in the last day of the financial week.
The three trade powers argued that Argentina did not grant licenses to importers automatically as required by WTO rules, allowing it to shield its vulnerable economy. The case was part of a tit-for-tat trade war in which the government seized control of oil firm YPF from its Spanish parent Repsol.
Argentina will appeal the World Trade Organization (WTO) ruling that urged the country to “respect international trade laws” following the complaint issued by the US, the European Union and Japan questioning its “protectionist measures."
After the death of her four –year-old son Daniel, Gila Tregerman called today for a peaceful solution of the Israeli-Palestinian conflict, and stated “I just want peace,” during a phone conversation with the BuenosAiresHerald.com.
Fintech Advisory hedge fund head David Martínez Guzmán has said the fund is willing to accept the new debt swap proposed by the Argentine government in order to “isolate (US) judge Thomas Griesa and vulture funds, and resume the chain of payment arbitrarily interrupted.”
State-owned petroleum company YPF has announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic metres of gas and 370 barrels of oil per day.
Cabinet Chief Jorge Capitanich defended the Executive’s plan to replace the bank of New York Mellon (BoNY) as trustee of Argentina’s restructured bonds saying it has “breached the trust agreement.”
Ahead of a transport strike announced for Thursday by anti-government CGT splinter, and as the Congresss gets ready to tackle a set of economic measures submitted by the Executive, the chief of ministers bashed opposition unions and lawmakers saying they are “advocates and instruments of the vulture funds.”
Cabinet Chief Jorge Capitanich rejected media reports that China is demanding Argentina to get out of default before it approves infrastructure credits to finance dam projects in the Santa Cruz province.
Following a nine-cent climb last week, in a market shaken by the government’s plan to restructure the external debt, the US dollar closed stable at 8.42 pesos today. Meanwhile, the informal rate jumped 10 cents to 13.98 pesos, breaking a new record.
Domestic Trade Secretary Augusto Costa said that milk and meat exports “are not closed” and questioned those who “aim at creating uncertainty” over the economy by not recognizing that basic foods prices “are falling since January.”
PRO party lawmaker Federico Sturzenegger urged the government to “sit with the (US) judge” Thomas Griesa to “honour debt commitments” and reiterated that the center-right bloc will not back in Congress the bill pushed by the Executive to remove the bank of New York Mellon as Argentina’s trustee.
Billionaire United States investor George Soros and Kyle Bass, the founder of hedge fund Hayman Capital Management, have opened a lawsuit against the Bank of New York Mellon (BONY) for failing to distribute 226 million euros in Argentine bonds to creditors.
Cabinet Chief Jorge Capitanich confirmed that the Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.
Cabinet Chief Jorge Capitanich defended once again the Executive’s bill to be discussed in Congress this week that seeks to open a new debt swap with local Nación Fideicomisos as trustee, and announced that Economy Minister Axel Kicillof, Treasury Attorney Angelina Abbona and Legal and Technical Secretary Carlos Zanini will brief lawmakers tomorrow on the details of the “Sovereign Payment” bill.
Ahead of the national strike called by the anti-government splinter of CGT and CTA umbrella unions for Thursday, Cabinet Chief Jorge Capitanich denied any official interference in UTA Transport Union -which is yet to determine whether it joins the walk-out- and scolded opposition unions.
The informal rate continued its rising path today. It advanced 22 cents to close at 14.20 pesos, pushed by speculation and hikes in the blue-chip swap rate and stock exchange rate. Meanwhile, the US dollar traded steady at 8.42 pesos.
At least two people were killed and 12 were injured in an explosion that destroyed a Chinese-owned supermarket in Virrey del Pino, La Matanza, in Buenos Aires Province.
By Damian PachterMarcelo Tregerman, grandfather of 4-year-old Daniel who was killed by a Hamas mortar launched from the Gaza Strip last Friday, speaks to the BuenosAiresHerald.com from Israel.
Ahead of the national strike called by anti-government splinters of the CGT and CTA labour groups, the cabinet chief said the walkout is “political” and that unions end up playing vulture funds' game.
After the US dollar informal rate broke a new record yesterday, advancing 22 cents to 14.20 pesos, the cabinet chief accused vulture funds of “speculative attacks against the (peso) currency” to “systematically erode the government’s credibility and trust.”
Cabinet chief Jorge Capitanich referred to the situation of bankrupted RR Donnelley printing firm workers and pledged the “necessary monitoring” to guarantee the sources of work.
The informal rate continued its raising path today. The so-called “blue” dollar has advanced 18 cents to close at 14.38 pesos, pushed by speculation and hikes in the blue-chip swap rate and stock exchange rate.
Anti-government CTA labour union lead by Pablo Micheli and left-wing groups began a 36-hour protest marching along Buenos Aires City downtown and organizing pickets at the City’s main access points.
Economy Minister Axel Kicillof spoke before the Budget and Foreign Affairs Committees of the Senate as a new round of talks began over a bill that if approved would allow for the voluntary payment of the country’s creditors in Buenos Aires.
Amid a 36-hour protest by anti-government CTA labour union lead by Pablo Micheli and left-wing groups and as the national 24-hour strike called by anti-government CGT Union unfolds, cabinet chief Jorge Capitanich criticized MST and Labour Party leftist groups for “supporting those who earn most.”
After the informal rate hit a new record mark of 14.38 pesos yesterday, cabinet chief Jorge Capitanich dennounced “continous speculative attacks” from vulture funds that operate in the parallel market “seeking to cause a devaluation that is obviously not going to happen.”
Although the UTA Transport Union did not join the strike today, bus lines 112,165 and 243, that run in southern Great Buenos Aires, denounced attacks against their units and decided to paralyse the service.
The US dollar traded steady and closed at 8.42 pesos in Buenos Aires City banks and foreign exchange offices. Low market activity was expected due to bank workers’ adherence to the national strike, affecting operations in financial entities in the country. The “blue” dollar traded at 14.38 pesos in a quiet market.
The Council of Americas 11° conference in Buenos Aires City gathered government officials, opposition leaders with presidential ambitions and businessmen at the exclusive Alvear Palace Hotel to discuss the country’s political and economic situation.
The governor of Buenos Aires province Daniel Scioli said “it is a sad day” because of the national strike called by opposition unions, with plants that have “pulled down shutters” and workers on the streets.
The anti-government splinters of CGT and CTA trade unions described the strike as “a success.” In sharp contrast with government numbers, Dissident CGT head Hugo Moyano said that over 80% of workers joined the walkout today.
Economy minister Axel Kicillof left Buenos Aires today to travel to Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.
Transport and Interior minister Florencio Randazzo blamed two unionists for the vandalism on the Sarmiento railway line during today’s national strike while announcing that criminal charges were filed.
The blue dollar rate which trades in the informal market today dropped 33 cents to 14.05 pesos after a quiet session yesterday due to a nationwide strike staged by anti-government unions. The official rate closed unchanged at 8.42 pesos.
Banks, investors and other users of bond markets have agreed to change how they would deal with defaulting debt, removing holdouts' veto right to avoid a repetition of the fracas over Argentina.
Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman have announced Argentina will present on September 9 a project before the United Nations aimed at regulating international debt restructurings and avoiding “vulture funds’ attack on sovereign nations.”
US judge overseeing litigation by Argentina and creditors Thomas Griesa has scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.
Foreign Minister Héctor Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN's General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”
Germany’s Finance Minister Wolfgang Schäuble slammed Argentina’s stance against its holdout creditors saying it has been -and continues to be- “an example of lack of solidity.”
Following the presentation of ARSAT 1, the first satellite fully developed in Argentina, the president posted a new series of tweets about it. “We speak of satellite sovereignty because the UK was after one of the two orbital positions that Argentina managed to retain for its satellites,” she said.
Argentine naval authorities have stepped up efforts to find four citizens who have been missing since last Tuesday when a storm engulfed their sailing vessel, around the Brazilian port of Río Grande do Sul.
Cabinet Chief Jorge Capitanich adressed the warnings issued by different analysts about the government’s record monetary base expansion in August. He dismissed a negative impact on inflation rates saying “analyst’s forecasts will not necessarily happen.”
Cabinet Chief Jorge Capitanich said that “Secretary General to the Presidency Oscar Parrilli is working on a report for Federal Judge María Servini de Cubría,” following the magistrate’s warning of a raid at government house if she did not receive the information she requested in her investigation into drug trafficking.
Cabinet Chief Jorge Capitanich reiterated Argentina’s demand for a stay to US Judge Thomas Griesa in the dispute against its holdout creditors. “When we think of a simple, easy solution, it is up to Judge Griesa. It is to issue a stay until the first trimester of 2015,” he stated.
After falling 15 cents earlier, the "blue" dollar bounced back to rise 15 cents and traded at 14.20 pesos, after last week's record highs. Meanwhile, the official rate closed steady at 8.42 pesos.
Before the meeting of the Minimum Wage Council scheduled for today, Hugo Yasky, the head of pro-government CTA splinter group, said they would demand a 35 percent minimum wage hike and warned the job market is eyeing “warning lights” due to increased suspensions and firings.
After the controversy sparked by Security Secretary Sergio Berni’s remarks on foreigners who “come to Argentina to commit crimes”, the government has decided to launch a “round table” with NGOs to discuss immigration policies.
Agriculture Minister Carlos Casamiquela predicted that Argentine food export to Russia “could increase between 1,800 and 2,000 million dollars” and expected the operations to begin on September 15, when officials and business leaders of both countries meet in Moscow’s World Food exhibition.
The mayor of Buenos Aires city vowed to lower inflation rates in two or three years and to “remove export tax duties” and “any impediment to export” if he is elected president in 2015 elections.
Argentina's tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said today.
Argentina's tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said today.
The Interior Ministry today announced the new system to apply for a passport on the Internet is already online.
Cabinet Chief Jorge Capitanich referred to the 4% increase in fuel prices by state-controlled energy firm YPF, the seventh hike this year. The official stated that the companies will most likely “maintain current prices during the course of the year.”
Cabinet Chief Jorge Capitanich dismissed any reform on Argentine immigration law, following the support expressed by different political leaders to Security Secretary Sergio Berni’s call for “legal tools” to expell foreigners who commit crimes.
The National Meteorological Service (SMN) has issued an alert for downpours and winds in Buenos Aires City and sorrounding areas.
The informal rate jumped five cents to close at 14.25 pesos, following a 15-cent hike yesterday. Meanwhile, the official dollar rate was steady at 8.42 pesos.
At least 12 people died and three were severely injured when a minibus and an YPF cistern-truck collided on National Route 9, in southern Santiago del Estero province, near the town of El Simbol.
The head of pro-government CTA splinter group Hugo Yasky criticised the absence of Argentine Industrial Union (UIA) leader Héctor Méndez at yesterday’s Wage Council. “(Méndez’s) attitude favours market freedom, in defense of speculators,” Yasky said.
The Ministry of Labour Carlos Tomada praised the decision taken by the Wage Council to increase the base salary by 31% as a “tool for social construction.”
Cabinet Chief Jorge Capitanich will attend the Congress’ Lower House tomorrow to brief lawmakers on the federal government’s actions, in compliance with article 101 of the National Constitution.
The National Electoral Register has confirmed that the first round of presidential elections will take place on October 25 2015, with a run-off pencilled in for November 24 if no candidate takes enough votes to win outright.
Economy Minister Axel Kicillof and Planning Minister Julio De Vido continued their official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.
Greenbacks in the informal market dropped five cents to close at 14.20 pesos, while the official rate of the US dollar traded steady to close at 8.42 cents in Buenos Aires City banks and foreign exchange offices.
The current legal dispute between Argentina and so called “vulture funds” suing the country over its defaulted bonds “will not affect” planned Chinese investments here, the head of the National Commission of Development and Reform (CNDR) of China has warned.
Traders taking part in an auction to settle Argentina's credit default swaps have valued the country's restructured bonds at 39.5 cents to the dollar, in line with analyst expectations, who forecasted a value around 40 cents.
In the second day of meetings with local authorities and businessmen in Beijing, the Argentine delegation signed a bilateral agreement to impulse the building of Atucha III power plant using Chinese investment funds.
President Cristina Fernández de Kirchner has hit out against car manufacturers and sellers whom she accused of "boycotting" government schemes to revive the automotive industry, suggesting that the vehicles destined for sale via the program are being hidden by the industry.
The 'blue' dollar crashed 20 cents to trade at 14 pesos, while the official rate was also down in a session marked by banks trying to sell their dollar holdings following a Central Bank resolution.
UK's Daily Telegraph informed the Malvinas Islands Fisheries Department has reported the largest annual catch of squid since records began, adding the record catch, which is worth more than £45m, "will be a major boost to the island economy but it is also likely to come as a blow to the Argentinian authorities."
President Cristina Fernández de Kirchner assured the so called vulture funds led a negative campaign in order to harm her public image, following a picture released by the "Arabi Press" website.
Cabinet Chief Jorge Capitanich praised the new credit scheme for buying new cars unveiled yesterday by the President, saying it will “stimulate production levels to reach the goal of 700,000 units”.
Three days after publishing in the Wall Street Journal an ad questioning vulture funds in their 1.3 billion dollar dispute with the country, the government stepped up its pressure against bondholders that rejected the 2005 and 2010 debt swaps.
The US dollar closed unchanged in banks and exchange offices in BA City, trading at 8.15 pesos. In the informal market, the “blue” dollar jumped 20 cents to 12 pesos, after a 60-cent fall back yesterday.
The Union of Southern Nations (UNASUR) expressed its solidarity with Argentina after US Supreme Court decision to dismiss the country’s appeal in its legal dispute with holdout hedge funds, rejecting “the behaviour of speculative agents that endager the agreements reached between debtors and creditors”.
Hedge fund NML Capital have dismissed the Argentine government's request to reestablish a stay on payments to the so-called 'vulture funds', and called on New York judge Thomas Griesa to reject the plea.
Cabinet Chief Jorge Capitanich referred to the economy minister's presentation at the G77 and China meeting in New York today, saying Argentina will seek to “raise awareness” about the impact of legal decisions in debt restructuring processes.
Cabinet Chief Jorge Capitanich warned pharmaceutical companies to keep their prices at the levels in force on May 7, as established by the Trade Secretariat in its 90/2014 resolution. “All necessary measures will be taken to guarantee the protection of medicine prices for consumers,” he said.
The US dollar traded steady at Buenos Aires City banks and foreign exchange offices and closed at 8.15 pesos. In the meantime, the so called "blue" dollar climbed 5 cents to 12.05, pushed up by a stock exchange rate hike.
Asked about a Supreme Court’s demand for “railway passengers to be treated in a dignified way,” the cabinet chief said the request is “in accordance with the government’s efforts” and that a comprehensive report on the matter will be delivered to the Court.
Argentina's Economy Minister Axel Kicillof was adressing the United Nations today over the nation's "vulture funds" dispute. "We want to pay but they won't let us," he said in reference to US courts' rulings.
The Council on Foreign Relations, one of the most influential private organizations in US Foreign Policy, questioned the country’s Supreme Court for rejecting Argentina’s appeal in its legal dispute with the so-called vulture funds, saying the ruling will "diminish national sovereignty".
Economy Minister, Axel Kicillof addressed today before a United Nations panel in New York, and explained the consequences of Judge Thomas Griesa ruling, while warning the country “could face a technical default” next Monday, if the sentence remains firm.
Special Master Daniel Pollack, the person appointed by US Judge Thomas Griesa to mediate in negotiations between Argentina and vulture funds, affirmed that “no agreement has been achieved yet.”
Cabinet Chief Jorge Capitanich praised the “clear, categorical and broad” support for Argentina’s stance in its dispute with vulture funds from 133 countries and specialized international media. “Argentina has reason on its side,” he stated.
The government relies on its stimulus packages to reverse the downward trend of industrial output, which registered a 3.89 percent plunge in the first semester of the year. “All measures are in place for a favourable trend in the second semester,” Cabinet Chief Jorge Capitanich said.
Foreign Minister Héctor Timerman reiterated Argentina’s claim on Malvinas islands before the United Nation’s Decolonization Committee today in New York and rejected the British “pillaging of natural resources of Argentine Sea”.
The US dollar traded steady at BA City banks and foreign exchange offices, closing at 8.15 pesos. In the illegal market, the so called "blue" dollar traded stable and closed at 12.05 pesos.
After several warnings of “wildcat strikes”, the teamster union led by Pablo Moyano said an agreement has been reached with corporate representatives for a 33% salary raise and called off the announced 48-hour nationwide walk-out.
Economy Minister Axel Kicillof held a press conference to announce the government has made a payment of 1 billion dollars in New York, serving its debt commitments with creditors that accepted the 2005 and 2010 swaps.
Following the announcement made earlier by Economy Minister Axel Kicillof who informed the government had paid more than a billion dollars to exchange bondholders today, Preisdent Cristina Fernandez de Kirchner used her Twitter account to say "Argentina pays."
NML Capital has asked NY Judge Thomas Griesa for a hearing to address the violation of his Court’s order, after Economy Minister Axel Kicillof announced the government has made a payment of 1 billion dollars in New York, serving its debt commitments with creditors that accepted the 2005 and 2010 swaps.
The government today published a legal notice on leading media outlets of Argentina, to inform about the 539 million deposit the government made yesterday in the Bank of New York to pay swap bondholders, as it was announced by Economy Minister Axel Kicillof.
Russian president Vladímir Putin today announced he will visit Buenos Aires in July as part of a broader Latin American trip and will meet with his Argentine counterpart Cristina Fernández de Kirchner.
Amid soaring expectations about negotiations between Argentina and vulture funds in New York today, greenbacks in the informal market climbed 10 cents to close at 12.15 pesos. The US dollar official rate, meanwhile, traded steady at 8.15 pesos.
US Judge Thomas Griesa today called Argentina's decision to make a sovereign debt payment in defiance of a court order an "explosive action" and told Bank of New York Mellon to return the money to the government. In a hearing today held in New York, Griesa told lawyers representing Argentina and BNY Mellon that any attempt to make payment to bondholders without complying with his court is illegal.
Shares rebounded from a previous fall after US Judge Thomas Griesa today decided not to place an embargo on the amount Argentina had deposited in the Bank of New York.
In an official press release, the federal government stated US Federal Judge Thomas Griesa attempted to “block the payment for bondholders” and committed an abuse of authority, after cancelling the deposit made to bondholders in a Bank of New York account.
Sandra Macri, BA City Mayor Mauricio Macri’s sister, died last night at 53, after a long battle against cancer, local media reported.
The OAS Council called for a special meeting today to consider an Argentinean request to convene a meeting of consultation of ministers of foreign affairs for Thursday to discuss the country’s sovereign debt restructuring and its consequences.
Amid the government’s complex negotiations with the holdout hedge funds, former President Fernando De la Rúa said the “mega-swap” (megacanje) –an operation made in 2001 to delay the deadline of different debts for which De la Rúa was later indicted for fraud- “was not bad for the country”.
Cabinet Chief Jorge Capitanich rejected the use of the term “technical default” in Argentina’s legal battle against the so-called vulture funds, saying the country “regularly meets its obligations”. He described Judge Thomas Griesa’s ruling as “unprecedented” since it prevented bondholder from being paid.
Cabinet Chief Jorge Capitanich said that the judicial situation of the Vicepresident Amado Boudou is the same as that of BA City Mayor Mauricio Macri, both of them are indicted in criminal cases but he pointed out that the media and opposition leaders give “inequitable, unequal treatment” to the cases.
The US dollar trades unchanged at 8.15 pesos, in the beginning of a week when news on the government’s negotiation with holdout hedge funds are expected. Meanwhile, in the informal market, the so-called "blue" dollar falls back five cents, trading at 12.10 pesos.
Argentine Nobel Peace Prize Laureate Adolfo Pérez Esquivel said he has sent a letter to US Judge Thomas Griesa who ruled against Argentina in its case against “holdout” creditors, urging him to “reflect on the debt”.
The President Cristina Fernández de Kirchner will visit “in the following hours or days” the areas affected by floods in the northeastern provinces of Misiones and Formosa, Cabinet Chief Jorge Capitanich has announced at Government House.
NML Capital holdout investors in Argentine sovereign debt said they have not met with the government to negotiate a settlement on defaulted debt, and accused the government of refusing to enter talks.
The President cut the inaugural ribbon of the new 5-kilometer expansion of General Paz Avenue, accompanied by BA province governor Daniel Scioli and BA City Cabinet Chief Horacio Rodríguez Larreta.
The Organization of American States (OAS) called member countries for an “urgent” meeting of consultation for Thursday to discuss Argentina’s sovereign debt restructuring. Secretary General José Miguel Insulza expressed his solidarity with Buenos Aires over its vulture funds dispute.
Holders of Argentina Eurobonds asked US Judge Thomas Griesa for an emergency ruling to help them recover the funds deposited in the Bank of New York Mellon by the government last Thursday that the judge ordered to be returned to the country.
The National Statistics and Census Institute (INDEC) revealed today that economic activity in April contracted 0.5 percent compared to the same month last year, while failing to halt the slide towards recession seen since the end of 2013.
The Economy Ministry has announced that it has chosen a delegation to travel to the United States in order to negotiate with hedge funds who refused to take part in debt restructuring, as part of the mediation imposed by New York judge Thomas Griesa.
Ms. Kirchner led a ceremony marking the 40th anniversary of late former president Juan Domingo Perón’s death. The head of state delivered a speech in homage of “popular Latin American leaders of the 20th century” honouring historic figure of the Radical Party Hipólito Yrigoyen as well.
Cabinet Chief Jorge Capitanich said that the government is working on the Argentine delegation to travel to New York on Monday to meet with Judge Thomas Griesa and the holdout investors’ representatives. Capitanich said the names of those appointed to begin negotiations will be announced in the course of the week.
The US dollar closed steady at 8.15 pesos, while the so called “blue” dollar fell back 10 cents to 12.10 pesos in the informal market.
Buenos Aires province Governor Daniel Scioli expressed his optimism that negotiations with holdout hedge funds will be successful and said they “will be very good for Argentina.”
A thick fog disturbed air and road traffic in Buenos Aires this morning again, as it has for the past days. At Ezeiza and Aeroparque Jorge Newbery airports several flights were affected, with cancelations and delays expected to continue at least until noon.
President Cristina Fernández Kirchner announced that special aid will be extended to those affected by the floodings in the northeast of the country, in Corrientes, Misiones, Chaco and Formosa provinces.
One of the hedge funds involved in the lawsuit against the Argentine government over unrestructured debt has said the agreements reached with Spanish petrol conglomerate Repsol and the Paris Club are good examples for the basis of an eventual pact.
Energy secretary, Daniel Cameron resigned today, after serving in office for more than 11 years.
June’s tax revenue rose to 10.1 billion pesos, or 35.5 percent in comparison to the same period last year, AFIP tax bureau head Ricardo Echegaray revealed earlier today.
Cabinet Chief Jorge Capitanich reiterated once again Argentina’s willingness to pay all of its creditors and neither confirmed nor denied the possibility to pay holdout hedge funds with bonds, as suggested yesterday by an Elliot Management representative.
ANSES social security agency’s director Diego Bossio added details to the announcement made by President Cristina Fernández de Kirchner yesterday concerning the special aid to be extended to flooding victims in the northeast of the country. Over 14,000 welfare recipients will benefit from the government’s assistance.
The US dollar traded unchanged at Buenos Aires City banks and foreign exchange offices at 8.15 pesos. Meanwhile, in the informal market, the so-called “blue” dollar went down 5 cents and closed at 12 pesos.
The economist famous for predicting the 2008 financial crisis has analyzed Argentina’s current dispute against vulture funds warning “holdouts must not be permitted to block orderly restructurings that benefit debtors and creditors.”
Argentine provinces of Buenos Aires and Neuquen confirmed they will meet their foreign debt’s deadlines at the end of the month despite the government’s risk of default after US Judge Griesa blocked the funds deposited for restructured bondholders.
Interior and Transport Minister Florencio Randazzo headed today the reception of eight new train formations at the Buenos Aires port, aimed to replace old carriages on the suburban Sarmiento line.
The so called "blue" dollar, which trades in the informal market, was five cents lower today and closed at 11.95 pesos, as operators were awaiting for the outcome of the government's negotiations with holdouts.
The Organisation of American States (OAS) voted today to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called "the behaviour of speculative agents that affect global financial stability."
Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator Daniel Pollack over the legal battle currently raging between the nation and holdout investors known as 'vulture funds', while clarifying that those hedge funds would not be present.
Cabinet Chief Jorge Capitanich came on stage today to say that “considering a technical default is a manoeuvre from the New York judge but not from the Argentine Republic.”
Economy Minister Axel Kicillof and Domestic Trade Secretary Augusto Costa announced an average price hike of 4% in products that are part of the government-fueled Price Watch programme, as of next Monday.
The US dollar today remained steady and closed at 8.15 pesos in banks and exchange offices amid fewer operations due to the Independence Day holiday in the United States.
The National Meteorological Service (SMN) has issued an alert for strong winds and downpours today in central, south and eastern Buenos Aires province.
Latin American ambassadors to the United Nations (UN) showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called vulture funds are a risk to debtor nations and that they pose a threat to the region.
President Cristina Fernández de Kirchner, forced to call off all official activities last week following a "pharyngeal laryngitis condition", has been advised by her medical team to remain at Olivos Presidential Palace up to Wednesday, missing Independence Day celebrations.
Economy Minister Axel Kicillof today held a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pay bondholders be reinstated while negotiations with holdouts developed.
Cabinet Chief Jorge Capitanich said Argentina is determined to “hamper the actions of any external agent” working to prevent bondholders from being paid and referred to a advert published in local and international newspaper to reassure bondholders of the government’s willingness to pay.
Leader of the Bank Workers' union Sergio Palazzo has confirmed that employees in the sector would stage a nationwide strike, despite orders from the Labor Ministry for mandatory conciliation talks.
The US dollar closed up one cent today at Buenos Aires City banks and foreign exchange offices, trading at 8.16 pesos. In the informal market, the so-called “blue” dollar remained below the 12 pesos mark, trading at 11.95 pesos.
Violence broke out at General Paz Avenue near Miguelete train station as the police tried to lift a picket set earlier this morning by Tecnología Avanzada en Transporte SA (TATSA) and Emprendimientos Ferroviarios (EMFER) workers. The traffic flow has been restored.
Israeli ambassador to Argentina, Dorit Shavit, called for a “thorough” investigation of the Iranian link in the AMIA Jewish community building and Israel Embassy bombings in the 90s.
Several areas of Buenos Aires City and Greater Buenos Aires area suffered water supply cuts and low pressure today due to an extraordinary low water level in Río de la Plata River, the main source of the AySA water company.
Elliott Management portfolio manager Jay Newman has revealed that the hedge fund would be willing to give the Argentine government more time to negotiate following the nation's reverse in the US Supreme Court, while criticising Economy minister Axel Kicillof for not meeting with the so-called 'vulture funds'.
Cabinet Chief Jorge Capitanich recognized the impact of energy subsidies in the State’s fiscal health but he stressed that Argentina is going through a transition period in order to solve problems caused by energy imports needed for economic growth.
With only a handful of operations registered in the parallel market due mainly to a 24-hour strike by bank workers affecting the service nationwide, the so called “blue” dollar climbed five cents to close at 11.90 pesos for buyers and 12 pesos for sellers.
Holders of Argentine bonds held through Luxembourg’s Clearstream Clearing House joined Belgian bondholders in their demand to US Judge Thomas Griesa for an emergency ruling to help them recover the funds deposited in the Bank of New York Mellon by Argentina, blocked by the Judge.
US Secretary of State John Kerry congratulated the people of Argentina on the country’s Independence Day on July 9 and wished the national team good luck in Brazil’s World Cup.
Vicepresident Amado Boudou arrived in San Miguel de Tucumán to head the official Independence Day celebration and renewed his call against colonialism, in reference to the country’s battle against the so-called vulture funds and to Britain’s presence in the South Atlantic and Malvinas islands.
The BA City Mayor Mauricio Macri headed the flag raising ceremony at Plaza de Mayo square at the country’s 198th Independence Day celebrations.
Foreign Minister Héctor Timerman assured today “negotiations with ‘vulture funds’ are on the right track,” in his first reaction since the meeting between Argentina’s representatives and mediator Daniel Pollack, appointed by US Federal judge Thomas Griesa to lead the talks in New York.
Amid an escalating rethoric war between the government and holdout hedge funds in local and international newspapers, Cabinet Chief Jorge Capitanich bluntly rejected the latest ad published by the American Task Force Argentina (ATFA) and reiterated the country's ability and willingness to pay.
After a wave of disapproval by pro-government groups and political leaders for the repression of labour protests earlier this week, the Cabinet Chief Jorge Capitanich highlighted the government's efforts to “promote dialogue” and warned about “radicalized opposition groups” that seek to alter “society’s normal functioning.”
The US dollar closed steady at Buenos Aires City banks and foreign exchange offices at 8.16 pesos. The so-called "blue" dollar traded unchanged at 12 pesos in the parallel market.
The Vicepresident Amado Boudou has filed an appeal against his indictment in the Ciccone corruption probe as his lawyers had vowed weeks ago after Federal Judge Ariel Lijo accused him of alleged bribery and influence peddling.
After recovering from her medical rest following a bout of laryngitis, President Cristina Fernández de Kirchner will receive the Argentine squad next week, after the World Cup final to be disputed against Germany on Sunday at the Maracaná Stadium in Río de Janeiro.
JP Morgan bank, the entity responsible for the payment to Argentina's Japanese bondholders has sent a letter to US Federal Judge Thomas Griesa, requesting “a clarification” in order to deliver the funds to its creditors.
Argentine officials and holdout investors met separately with the court-appointed mediator for five hours today, presenting their cases in hopes of resolving a default dispute that has dragged on for over 12 years.
The US dollar traded one cent higher in Buenos Aires City banks and foreign exchange offices today, closing the week with a two-cent climb. Greenbacks in the informal market, meanhwile, where dropped ten cents to 11.90 pesos.
In a letter addressed to President Cristina Fernández de Kirchner and sent today, Italian Prime Minister Matteo Renzi expressed his support to Argentina in the dispute with holdouts.
President Cristina Fernández de Kirchner invited Bolivian president Evo Morales, Uruguay leader José Mujica and Venezuela’s Nicolás Maduro to participate in a special dinner after her meeting with the Russian head of state, Vladimir Putin.
The Elliott Management Corp representative emerged from five hours of meetings with a court-appointed mediator today saying the government still refuses to have a negotiation 12 years after its historic default.
Domestic Trade secretary Augusto Costa has revealed his delight at the visit of Russia president Vladimir Putin to Argentine soil, affirming that his presence and meeting with President Cristina Fernández de Kirchner proves that Argentina is not isolated in world politics.
Ahead of the BRICS summit to be held in Fortaleza, Brazil, to which Argentina has been invited, Cabinet Chief Jorge Capitanich reiterated the government’s willingness to join the group of emerging economies but said “it is not just a matter of Argentine will”.
The Cabinet Chief Jorge Capitanich said the government is expecting the Congress to pass the bill sent last month by President Cristina Fernández de Kirchner to implement a moratorium on pensions, as a main part of federal stimulus to encourage economic activity in the second semester.
The so-called “blue” dollar rises by ten cents to 12 pesos in the parallel market, while the US dollar trades unchanged at Buenos Aires City banks and foreign exchange offices at 8.17 pesos.
Aurelius Capital Management, the hedge fund that is one of the principal holdout investors of Argentine debt, signalled today that the nation's government faces a new crisis on June 30 if they do not enter into negotiations with the so-called 'Vulture Funds'.
As the President travels to Brasilia to attend the BRICS summit, where emerging economies are discussing the creation of the New Development Bank, Cabinet Chief Jorge Capitanich praised the initiative: “We need development banks to work as tools for infrastructure financing, […] not as mechanisms of extortion”.
The federal government agreed to an extension of the agreement over provincial debts maturity, the Cabinet Chief Jorge Capitanich said.
To prevent the indefinite strike announced by UTA transport worker’s union for the beggining of winter holidays on Monday, the Cabinet Chief Jorge Capitanich urged business leaders to sign and comply with an agreement
Greenbacks in the informal market jumped ten cents to 12.10 pesos today with traders waiting for news about negotiations between Argentina and bondholders in New York.
Federal Judge Claudio Bonadío granted Vicepresident Amado Boudou’s request to postpone a hearing in the criminal probe he faces for alleged irregularities in the purchase of an Honda CRX vehicle in 1992.
Cabinet Chief Jorge Capitanich bluntly rejected once again any possibility of Argentina falling into default and reiterated the government’s willingness to negotiate, in response to a new ad published in local newspapers.
Cabinet Chief Jorge Capitanich described as “positive” the “declining trend” showed by the official National Urban Price Consumer Index (IPCNU) saying it “can be secured in time.”
The so-called “blue” dollar went up for the third day in a row today, by 10 cents, to 12.20 pesos in the parallel market. Meanwhile, the US dollar traded unchanged at Buenos Aires City banks and foreign exchange offices and closed at 8.17 pesos.
US District Judge Thomas Griesa in New York today said he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt case.
Argentina’s primary fiscal surplus reached 3.08 billion pesos in May, representing an increase of 84 percent over the same month a year earlier, the Economy Ministry revealed today.
The Cabinet Chief Jorge Capitanich reiterated that Argentina has not defaulted and rejected the possibility of a future default. He stressed that the government honours its commitments in good faith, unlike the so-called vulture funds, whom he accused of going after the resource-rich Vaca Muerta region.
The government is closely monitoring the situation in the northern Misiones province, after the confirmation of 20 cases of the H1N1 virus yesterday, Cabinet Chief Jorge Capitanich said in his daily press briefing.
The “blue” dollar rose today by five cents to close at 12.25 pesos in the parallel market, boosted by winter vacations purchases. The US dollar continued to chart a steady path in Buenos Aires City banks and foreign exchange offices, trading at 8.17 pesos.
Cabinet Chief Jorge Capitanich said the bilateral currency swap agreed with the Asian giant accounts for u$s11 billion that will allow to give “stability” to Argentina’s international reserves.
Thomas Saieg, the vice president of AMIA Jewish community centre, the target of a terrorist attack which left 85 people killed back in 1994, demanded “a new trial as soon as possible to know what happened.”
The US dollar remained unchanged at 8.17 pesos today in banks and exchange offices in Buenos Aires as the Central Bank continues its intervention in the forex market.
The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government to negotiate and warned it will keep on pursuing its interests until the last consequences.
Chinese Popular Republic President Xi Jinping affirmed today he will promote a “balanced” trade between his country and Argentina, in order to make the bilateral relationship “mutually beneficial.”
Buenos Aires governor, Daniel Scioli visited today Vaca Muerta shale gas deposit in Nequén province, where he met with his par Jorge Sapag and YPF CEO Miguel Galuccio.
The President Cristina Fernández de Kirchner used Twitter to comment on last week’s visit of Russia’s and China’s presidents and the BRICS-UNASUR. “It is time to value this magnificent opportunity that we have, in a world that becomes multipolar again,” she said. “It has been seven days of intense work”.
The governor of Buenos Aires province, Daniel Scioli, expressed his optimism over Argentina’s talks with holdout hedge funds saying they “will be alright”. He also said he was confident about the country’s future: “A big development phase is coming in Argentina”.
The Argentine government has condemned the recent wave of violence which has hit Israel and the Palestinian region of Gaza, speaking out against the acts committed by both sides in a conflict that has already claimed hundreds of lives.
The Cabinet Chief Jorge Capitanich has blasted once again the holdout hedge funds accusing them of being after YPF-Chevron assets in ressources-rich Vaca Muerta region. “If anything is clear it is their voracity to seize real assets,” he stated.
The Cabinet Chief bluntly dismissed speculations about his resignation as well as the rumours on Kirchnerite lawmaker Martín Insaurralde joining opposition Renewal Front lines. He said both alternatives are “completely impossible, inadmissible”.
Prosecutor José María Campagnoli is back in office in the City neighbourhood of Saveedra, after being reinstated as prosecutor by the impeachment tribunal that judged him for alleged malfeasance. “I did nothing wrong,” he said and described the impeachement as part of a “harassment” strategy.
The US dollar closed one cent up at 8.18 pesos in BA City banks and foreign exchange offices. The “blue” dollar also rose, trading at 12.27 pesos.
President Cristina Fernández de Kirchner accompanied by the Interior and Transport Minister Florencio Randazzo inaugurated seven train formations for the Sarmiento railway at Villa Luro station. “The completely modern trains have arrived,” she announced.
Argentina has formally asked judge Thomas Griesa to put on hold an order requiring it to pay the 'vulture funds' who did not participate in debt restructurings, while it seeks a "global resolution" to the legal dispute.
After meeting with the head of the pro-government CGT labour union Antonio Caló, Cabinet Chief Jorge Capitanich said the claims to raise the income tax exemption ceiling are political. He said the number of workers affected by the tax has not increased.
Before the hearing held in New York today, Cabinet Chief Jorge Capitanich reiterated the importance of the suspension of Griesa’s ruling requested by Argentina.
On the 29th-month anniversary of the Once train crash that left 51 dead and 700 injured, relatives of the victims gathered at the Once central station, like they do on the 22th of every month, to remember their loved ones and to renew their claims for justice.
After US Judge Thomas Griesa’s decision to deny Argentina's stay request, the “blue” dollar went up 18 cents to close at 12.45 pesos. Meanwhile, in Buenos Aires City banks and foreign exchange offices the US dollar traded steady today at 8.18 pesos.
US Judge Thomas Griesa rejected Argentina’s request for a suspension on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to vulture funds. The country’s lawyers said a deal cannot be reached by July 30 without it. Court-appointed mediator, Daniel Pollack, called for Argentina and holdouts to meet tomorrow at 11 a.m. (Argentine time) for a first face-to-face encounter.
Aurelius Capital Management, LP, a leading holdout investor in Argentina's debt battle said that the country still has no interest in negotiations, just hours before a hearing with US Judge Thomas Griesa on previous orders requiring the country pay holdout bondholders.
The Buenos Aires City stock market registered losses after US Judge Thomas Griesa denied a new Argentine request for a suspension of the order to pay bondholders before July 30, although heavy early falls were arrested. The Merval index closed down 1.1% at 8,332.29 points.
In the aftermath of US Judge Griesa’s decision, Cabinet Chief Jorge Capitanich said that “despite the extorsion of a tiny group of speculators […] Argentina keeps on moving” and praised the government’s economic stimulus policies. “Life goes on for Argentina,” he stated.
A cold wave from the Antartica has put an end to the spring-like weather Argentineans enjoyed in the past days. The National Weather Service (SMN) reported low temperatures and strong winds nationwide and snowfalls in the Patagonian region.
The Panamericana highway at kilometer 31.5 in the Buenos Aires province locality of General Pacheco was once again blocked by workers of the Lear auto-parts company demanding the re-hirement of colleagues. Gendarmes were able to clear one lane of the highway but the tension was high.
Amado Boudou met with Federal Judge Claudio Bonadío in the Comodoro Py federal courthouse but refused to answer questions over alleged irregularities in the purchase of an Honda CRX vehicle in 1992. The VP delivered a written statement instead.
The US dollar closed unchanged today in Buenos Aires City banks and foreign exchange offices at 8.18 pesos, while the so called "blue" dollar went up 15 cents to close at 12.60.
Ahead of a new hearing called by Judge Thomas Griesa's mediator, Daniel Pollack, in the battle against holdout creditors, Cabinet Chief Jorge Capitanich said the country faces "an absurd situation caused by an absurd ruling that should be fixed by the judge himself”.
After moving up by 15 cents yesterday, the “blue” dollar fell back 10 cents to 12.50 pesos today. The official US dollar, meanwhile, closed up a cent at 8.19 pesos in Buenos Aires City banks and foreign exchange offices.
The mayor of Buenos Aires City Mauricio Macri reiterated his belief that Argentina should “comply with [US Judge Thomas Griesa’s] ruling” that orders the country to pay holdout hedge funds in full by Wednesday.
A 21-year-old woman from Neuquén province died after being hit, dragged by 30 meters and abandoned by a taxi driver while crossing the street in front of Aeroparque airport.
Argentine debt holdout investor Mark Brodsky, chairman of Aurelius Capital Management, said his group will not ask US Judge Thomas Griesa to suspend his payment order, after a story in an Argentine newspaper suggested that Paul Singer’s NML Capital Ltd could ask Griesa to reinstate the stay of injunction.
The NML Elliot fund owned by billionaire Paul Singer said today the Argentine government “made it clear it wants to default” after the meeting with appointed mediator Special Master Daniel Pollack over the Argentine defaulted debt case.
After failing to reach an agreement during today's meeting with court-appointed mediator Daniel Pollack, Argentina reiterated that there could be no negotiations with 'vulture funds' until judge Thomas Griesa provides some insurance against possible liabilities related to the 'Rights upon Future Offers' (RUFO) clause.
In a brief, closed-door meeting, US mediator Daniel Pollack met with representatives of Argentina. "The dialogue process opened with the mediator will continue within the next days," a statement released by the Economy Ministry confirmed.
The so called "blue" dollar that trades in the informal market was higher today and closed at 12.60 pesos as investors awaited the outcome of ongoing negotiations between Argentina and vulture funds in New York.
China’s President Xi Jinping sent a letter to President Cristina Fernández de Kirchner to thank her for receiving him in Argentina and invited her to visit China.
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.
Agriculture Minister Carlos Casamiquela and Federal Planning chief Julio De Vido rebuffed the criticism of the head of the Argentine Rural Society Luis Etchevehere, who said the government was being “ignorant and arrogant”.
Argentina does not have a meeting scheduled for today with court-appointed mediator Daniel Pollack in New York in its debt legal dispute with holdout creditors but talks continue, a government source said, as the country looks to avoid a possible debt default.
An Argentine delegation will travel to New York tonight to meet with US court-appointed Special Master Daniel Pollack in its debt dispute with "holdout" investors. The meeting is scheduled for 12 pm (Argentine time), and without the presence of holdouts' representatives.
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”.
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.
The “blue” today dollar spiked 40 cents, to 13 pesos, amid growing uncertainty over the negotiations between Argentina and its holdout creditors in New York, as the July 30 deadline set by US Judge Thomas Griesa approaches.
The Deputy Governor of Buenos Aires province Gabriel Mariotto revealed details of a private conversation he had with Pope Francis at the Vatican.
The Buenos Aires City stock market registered losses amid operators’ growing uncertainty as the July 30 deadline for the negotiations between Argentina and its holdout creditors in New York approaches, although prices later recovered to diminish early falls. The Merval index was down by 0.98% at 7,844.56 points.
New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under local law, which form part of the titles restructured following the default of 2001.
Only a day ahead of the deadline set by US Judge Thomas Griesa for Argentina to pay in full to holdout bondholders, Cabinet Chief Jorge Capitanich said “there is no such a thing as a ‘technical default,’ stressing the country has paid creditors and accusing Griesa of not allowing them to receive payment.
Today's meeting between an Argentine delegation and mediator Daniel Pollack in New York continue, with Economy minister Axel Kicillof flying in at the last minute to witness talks while the parties attempt to avoid possible default as a result of the ongoing dispute with holdout investors ahead of tomorrow's deadline.
The “blue” dollar was 20 cents lower at 12.80 pesos, as negotiations between Argentina and holdout creditors continued in New York to avert default. The official rate closed up one cent to 8.21 pesos.
The governor of Buenos Aires province Daniel Scioli expressed confidence that an agreement with the so called vulture funds can still be reached. “I see last-minute positive signs,” he said.
The father of Juventus forward Carlos Tevez has been released after being kidnapped for more than eight hours in the city of Morón, in Buenos Aires province. The player later thanked those who had sent their support during the ordeal.
Security Secretary Sergio Berni said the provincial and City authorities worked together "in a race against the clock" today to ensure the release of the father of Juventus forward Carlos Tevez, Juan Alberto Cabral. “We are working to find those responsible [for the kidnapping],” Berni said.
A group of bondholders urged US Federal judge Thomas Griesa to apply a “temporary stay” from January 1st until January 15, 2015, or at least a 90 day measure in order to resolve current negotiations and prevent a new default.
Summoned through an emergency meeting, the Argentine private banks association (Adeba) held a reunion today in their Buenos Aires City HQ, where they agreed to offer the Government a 250 million dollar guarantee as a preventive measure to avoid a default.
Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the so called vulture funds, affirmed the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day.
Cabinet Chief Jorge Capitanich referred to the u$s 250-million payment offer made by national private banks as a last-minute proposal to holdout hedge funds to prevent Argentina from plunging into a technical default.
Face-to-face talks between representatives of Argentina and so called vulture funds suing the country over its defaulted bonds took place for the first time on Tuesday since negotiations were kicked off in New York earlier this month to settle a 1.3 billion dollar dispute threatening Argentina with the ghost of default for the second time in a decade.
Greenbacks in the informal market droped 50 cents to 12.30 pesos with all market eyes focused on New York talks. The US dollar traded 1 cent higher at 8.22 pesos in BA City banks and exchange offices.
The Buenos Aires City stock market jumped today, reflecting investor’s optimism as last-minute negotiations between Argentina and its holdout creditors continued in New York. The Merval index climbed by 6.9% to 8,937.62 points.
News of Grondona’s death quickly found its way to Twitter and Facebook with politicians, soccer players, and Argentine clubs expressing their condolences to family of AFA's N°1 for their loss.
Banco Macro director Sebastián Palla and other representatives of Argentine banks have made contact with 'vulture funds' in New York in order to lay out a proposal to avoid default. The negotiation, which started around midday, is separate to talks held between Economy minister Axel Kicillof and mediator Daniel Pollack.
Rating agency Standard & Poor's has officially downgraded Argentina's sovereign debt grade to the category of selective default, while negotiations to pay bondholders broke down in New York today.
Daniel Pollack, the mediator appointed by judge Thomas Griesa to oversee negotiations between the Argentine government and holdout investors, today confirmed that talks were unsuccessful between the two parties and that Argentina had fallen into default.
The meeting between Argentine private bank representatives and the so called “vulture funds” over the debt held by the hedge funds has been adjourned and will be resumed tomorrow. Ámbito.com has revealed that banks will contribute around 1.4 billion dollars in order to buy the titles from the holdouts investors.
President Cristina Fernández de Kirchner published a press release in her Twitter account where she made Israel responsible for the safety of Argentine priest Jorge Hernández, who serves in the Gaza strip, and warned that any harm done to him “will have severe consequences for the bilateral relations.”
Although a first strategy headed by Argentina’s ADEBA group of banks that aimed at buying defaulted bonds from vulture funds went wrong yesterday, negotiations with holdout hedge funds were being resumed today now with foreign private banks – such as the Citibank, the JP Morgan and the HSBC -, taking the lead in talks overseen both from New York and Buenos Aires.
As private banks were still trying to reach an agreement with the holdouts, Cabinet Chief Jorge Capitanich highlighted that any deal between the two parties “does not involve the state” and stressed the importance to avoid triggering the Rights Upon Future Offers (RUFO) clause.
Cabinet Chief Jorge Capitanich said Argentina’s "alleged technical default is an absurd fabrication" and accused the US Judiciary of “malpractice.”
The “blue” dollar climbed 40 cents to 12.70 pesos today, after the government failed to reach an agreement with holdouts in New York to avert default. The official dollar closed up by a cent to 8.23 pesos in Buenos Aires City banks and foreign exchange offices.
The Bank of New York Mellon (BNY) sent a formal letter to holders of Argentina's exchange bonds essentially confirming that the sovereign had defaulted.
President Cristina Fernández de Kirchner is expected to make remarks about the failed negotiations with holdout bondholders and the country’s future strategy today at 6 pm, at an official ceremony where she will extend provincial government’s debts maturity.
The Italian bondholders' legal representative Tullio Zembo said that the agreement private banks and holdouts are currently working on would trigger the Rights Upon Future Offers (RUFO) clause.
Elliot Management Hedge Fund warned today that President Cristina Fernández de Kirchner's administration refuses to negotiate a solution over debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.
In the last trading session of the month heading for the long weekend holiday, the US dollar closed steady at 8.01 pesos. Greenbacks in the informal market were five cents lower at 10.55 pesos.
Buenos Aires province Governor Daniel Scioli has rejected the proposal to re-establish mandatory military service, supported by his Security Minister Alejandro Granados. “The civic service that we need to provide the youth with is that of education, sports, culture and microcredits,” the governor said.
In the wake of Labour Day, President Cristina Fernández de Kirchner asked Argentinean workers “to behave in a way that helps to sustain the industrial development model”.
The Upper House today gave unanimous approval to the Promotion of Registered Work and Prevention of Labour Fraud bill, which proposes a series of sanctions and reductions for employer contributions to fight against unregistered employment figures.
Roberta Jacobson, head of the Latin America division at the State Department, argued the US “has been encouraging” Argentina to resolve the disputes with the ICSID, while admitting that “progress has been made.”
May begins with bad news for consumers: tariff increases for trains and domestic flights tickets and rises on cigarettes and gas prices, ranging from 4% to 100% in the case of train tariffs.
The long weekend started today, on Labour Day, with intense traffic in Argentine routes. The Ministry of Tourism expects 800,000 tourists to travel across the country in the 4-day holiday.
Nine people died today, following a multiple car accident at San Pedro locality, Buenos Aires province.
UNEN Broad Front representatives signed today a public document where they proclaimed the rejection of a future political alliance with the Pro party, before the upcoming presidential elections of 2015.
By James Neilson
At fairly regular intervals, benevolent middle-class Argentines discover that many of their compatriots are poor, very poor. The startling news always shocks them. They then, like Galeano in his previous incarnation, proceed to put the blame for this unhappy state of affairs on whoever or whatever they dislike most.
The Argentine government has signed a series of cooperation agreements with the US Drug Enforcement Administration (DEA). in order to combat the presence of narcotics trafficking gangs in the country.
Asked about excessive interest rates in personal credit lines in the financial market, the cabinet chief pointed out –like he had done last week- that the government is analyzing policies to regulate the sector.
The US dollar closed steady today at 8.01 pesos on the first Business day and after the Labour Day long weekend. The official exchange rate has remained unchanged since March 31.
Quilmes mayor Francisco “Barba” Gutiérrez confirmed an agreement has been reached with trade union heavyweight and CGT Azopardo leader Hugo Moyano in the dispute over the termination of the municipality contract with waste management company Covelia.
Car sales plunged 35 percent in April accumulating a 18 percent drop so far 2014, the Argentine Association of Car Dealers (ACARA) reported today.
The National Statistics and Census Institute (INDEC) has revealed that the so-called Salary Index which tracks earnings was up 2.91 percent in March, compared to the same month in 2013.
Following an alert issued by the World Health Organization on Monday over the international spread of wild poliovirus, the Buenos Aires province Health Assistance Director Luis Crovetto brought calm to society here saying Argentina had "satisfactory immunization coverage” against the disease.
The US dollar closed unchanged today in BA City banks and main foreign exchange offices at 8.01 pesos. Meanwhile, the so called “blue” dollar rose five cents, selling at 10.55 pesos.
BA City Mayor Mauricio Macri revealed details of his recent phone conversations with President Cristina Fernández de Kirchner and said she belittled the importance of cost of living increases. “In her rhetoric, inflation is not a serious issue,” PRO party leader said.
Asked about opposition leader Sergio Massa’s project to limit the number of terms mayors can be in office, Cabinet Chief Jorge Capitanich said it is “part of a public debate but not a substantive issue.” BA province Governor Daniel Scioli, meanwhile, considered the plan was not among people's priorities.
The US dollar closed steady today at 8.01 pesos in banks and exchange offices in the city, remaining unchanged, while the parallel so-called "blue" dollar was 15 cents higher today at 10.70 pesos.
President Cristina Fernández de Kirchner has sworn singer Teresa Parodi in as the new Minister of Culture, in a ceremony held this afternoon at the Government House, Buenos Aires City.
The US dollar closed one cent higher in Buenos Aires banks and main foreign exchange offices at 8.02 pesos. Meanwhile, greenbacks in the informal market climbed three cents to 10.73 pesos.
The US dollar remained unchanged at 8.02 pesos in BA City banks and foreign exchange offices. Greenbacks in the informal market closed at 10.70 after Wednesday's 15-cent surge.
Key power companies Edenor and Edesur responsible for the distribution of energy in Buenos Aires province, presented their balances for the first trimester of 2014, reporting multi-million peso losses.
By Martín Gambarotta
Argentina is full of uncertainties. But one thing is certain. By the end of 2015 the nation will not have Fernández de Kirchner as head of state. This, understandably, makes the rest of Argentina’s heavyweight politicos very restless.
By Mempo Giardinelli
It neither can nor should be denied that many citizens who support the government have in recent times felt a certain concern over decisions or measures which they judge to be misconceived. Since these issues arousing concern are not superficial and the doubts appear over certain paths about which it is difficult to agree, this matter merits some reflection.
By Andrés Federman
To say that the US and Argentine governments do not see eye to eye on the ways and means of dealing with the challenge of drug trafficking is more than an understatement.
In his daily press briefing in Government House, Cabinet Chief Jorge Capitanich refused to release further details on the Cristina Fernández de Kirchner administration's strategy in upcoming negotiations with Paris Club creditors.
The International Monetary Fund (IMF) has suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, stating that such policies are "very costly and distort economic activity."
In a press conference to address the strike on the Sarmiento railway today, Interior and Transport Minister Florencio Randazzo criticised what he described as an “absolutely extorsive attitude” from workers lead by Railway union head Rubén Sobrero.
Asked about the report released yesterday that suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, Cabinet Chief Jorge Capitanich rejected the Fund’s “typically orthodox and exclusive perspective”.
Federal Court second chamber ratified a previous ruling, and ordered the advance of the investigation of the agreement signed between state own oil company YPF and Chevron Corporation.
Asked about Federal Court order to investigate into the agreement signed between state-owned oil company YPF and Chevron Corporation, Cabinet Chief Jorge Capitanich considered the reactivation of the case “strange” and said there are foreign and local agents “trying to break the government’s credibility.”
The US dollar closed one and a half cents higher today in banks and exchange offices, selling at 8.50 pesos. The so called "blue" dollar, meanwhile, was five cents lower at 10.75 pesos in the informal market.
A march called by dissident CGT unions headed by Hugo Moyano and Luis Barrionuevo was playing havoc with traffic today in the City.
President Cristina Fernández de Kirchner announced this afternoon a 40 percent increase to child benefit, during a national broadcast delivered at Government House.
Scientists in Argentina today announced the discovery of the fossilized remains of a unique member of the famous long-necked, plant-munching dinosaurs known as sauropods, the largest land creatures in Earth's history.
By Michael Soltys
The neologism “stagflation” is not an Argentine invention (apparently it was coined almost half a century ago by Britain’s Conservative Party to convey their perception of what Harold Wilson’s Labour government was then inflicting on the British economy) but perhaps few countries are more naturally prone to falling into its vicious circles.
Cabinet Chief Jorge Capitanich praised remarks made by the nominee to represent the US on the International Monetary Fund's executive board, Mark Sobel, who said that a US Court ruling favorable to Vulture Funds might “alter the order and predictability” of debt restructuring processes.
The US dollar ended higher today at 8.07 pesos in banks and exchange offices in the City after the Central Bank intervened in the exchange market to halt its rise.
Episcopate spokesman Jorge Oesterheld stressed that the Episcopal document released last week about “violence” in Argentina is not meant “against the government”.
In a joint press conference with ANSES executive director Diego Bossio, Economy Minister Axel Kicillof discussed the Presidential announcement on a 40% increase in child welfare benefits and pointed out the importance “to distribute in order to grow".
Judges in the First Court of the Federal Chamber upheld today the injunction filed by local Jewish community organizations, and ruled that the memorandum of understanding signed between Argentina and Iran on January 2013 went against the Argentine constitution.
President Cristina Fernández de Kirchner held today a meeting with key clerical representatives in Olivos, following terse exchanges between the two sides as a result of an Episcopal document which affirmed the nation was "sick with violence".
Cabinet Chief Jorge Capitanich today ratified the government will appeal a court ruling which declared the Memorandum signed between the Argentine and Iranian governments on the AMIA attack probe unconstitutional.
The US dollar ended steady today at 8.07 pesos in banks and exchange offices of the City, after raising five cents this week.
Industry Minister Débora Giorgi and Economy Minister Axel Kicillof held a meeting today with representatives of the automotive sector to analyze the situation of the sector such as the drop in exports, mainly to the Brazilian market.
By Michael SoltysToday Norway celebrates its bicentennial almost four years after Argentina — marking the 1814 Constitution (Europe’s oldest constitution still in existence) which Norwegians see as the real birth of nation-building, according to Ambassador Janne Julsrud.
The Centre for Legal and Social Studies (CELS), warned today from “serious irregularities” in the investigation of Army Chief César Milani, suspected of alleged crimes against humanity during the last dictatorship.
National lawmaker Elisa Carrio has declaredthat she will “almost certainly” present her candidacy in the Broad Front Unen primary elections to run for next year’s presidential elections.
Asked about the ongoing judicial investigation against Army Chief César Milani for crimes against humanity, Cabinet Chief Jorge Capitanich pointed out Argentina's Judicial independence and stated that the government "is not obstructing or interrupting the process".
The US dollar closed unchanged today at banks and exchange offices at 8.07 pesos, while the parallel 'blue' currency saw a steep rise, trading 25 cents up at 11.30 pesos after the weekend.
One of the Pope’s closest collaborator, Argentine Guillermo Karcher, said “there is no reason to look for causes for conflict” in the Episcopal document released last week about “violence” in Argentina.
President Cristina Fernández de Kirchner postponed the inauguration of new formations for Sarmiento railway scheduled for this afternoon to accompany her mother, Ofelia Wilhelm, who underwent surgery.
Economy Minister Axel Kicillof addressed the effects of the recently announced 40% increase in child welfare benefits (AUH) in the country’s economy and stressed the existence of “prejudice against the poor” among the programme's critics.
The INDEC statistics bureau has revealed that unemployment rates rose in the first three months of 2014, reaching a total of 7.1 percent of the population.
The cabinet chief has referred to the 0.8-point decline in unemployment in the first trimestre of 2014, saying there has been “no destruction of jobs” or an increase in the number of people looking for a job.
A surge in demand in the informal market took the so called “blue” dollar 40 cents higher to 11.70 pesos, following yesterday’s 25-cent hike. The American currency was one cent up in BA City banks and exchange offices.
Former President Eduardo Duhalde described BA province Governor Daniel Scioli as “the Francis of politics” referring to the Argentine Pope, and highlighted Scioli’s non-confrontation spirit.
President Kirchner led the inauguration of the new Justice and Human Rights Ministry, at the South Waterfront in Buenos Aires City, highlighting the recovery of national assets over the last 10 years.
Cabinet Chief Jorge Capitanich praised the country’s “favorable economic performance” and accused “financial agents” of developing “speculative strategies” that aim to create uncertainty.
Clinics and hospitals and diagnostic centers unions -ADECRA and CEDIM- are on a 24-hour national strike, demanding an increase in pre-paid medical cover fees.
After hitting 11.70 pesos yesterday, the informal dollar kept climbing today. The so called "blue" currency hit 11.90 pesos, 20 cents higher than its last close.
YPF oil company head, Miguel Galuccio, revealed today the finding of unconventional deposits of hydrocarbons in Chubut province, during a meeting with local governor Martín Buzzi.
The US dollar traded steady at 8.075 pesos in BA City banks and exchange offices while the blue chip swap rate and the MEP dollar traded lower at 10.77 and 11.30 pesos respectively.
In the wake of the 204th anniversary of the May Revolution Pope Francis urged Argentineans to work towards “a peaceful cohabitation” and to build “a constructive dialogue” in a letter addressed to President Cristina Fernández de Kirchner.
The black market dollar’s climb of the past business days has been halted as it plunged to 11.37 pesos. On Thursday, it ended 10 cents lower although accumulating an 80 cent rise during the week.
A month ahead of the beginning of winter in Argentina, freezing temperatures have already started to hit, marking the lowest wind chill factor mark of the year at 3.6 C°.
Archbishop of Buenos Aires Mario Poli invoked the spirit of Pope Francis in an impassioned plea for dialogue, as he headed a Tedeum ceremony commemorating the May Revolution with President Cristina Fernández de Kirchner in attendance for the first time since 2006.
President Cristina Fernández de Kirchner returned to BA City Cathedral for the Tedeum ceremony commemorating the May Revolution for the first time in eight years and read the “peace prayer” visibly moved.
Cabinet Chief Jorge Capitanich referred to opposition lawmaker Graciela Ocaña's accusations of discretionary spending in “Fútbol para todos” programme. “I find it hard to see the existence of a possible crime,” he said and bashed opposition critics for “never going after media conglomerates”.
UTA Transport Union leader Roberto Fernández confirmed a 24-hour strike for Wednesday in short, medium and long distance buses, to demand a wage increase of over 30%.
Transport and Interior Minister Florencio Randazzo called UTA Transport Union leaders for “logic and common sense” after the announcement of a 24-hour short,medium and long distance bus strike for next Wednesday.
The US dollar remained unchanged today in banks and exchange offices at 8.08 pesos on a thin volume day due to a national which kept US markets closed.
Buenos Aires province Security Minister Alejandro Granados has asserted that since the security emergency was declared, "the numbers" in the fight against crime "are significantly improving".
The Economic Commission for Latin America (ECLAC) and International Labour Organization (ILO) flatly rejected that Argentina’s Universal Child Benefit (AUH) worked as an incentive for beneficiary not to look for jobs and praised its impact on poverty and child labour reduction.
Jorge Capitanich praised the performance of Argentina's flag carrier, saying its CEO Mariano Recalde “has done an outstanding job.” Asked about a report by the National Audit Office that dennounces irregularities and lack of management control in the state-run company, he said it was a “deliberate political strategy by opposition leaders.”
The government met with bus drivers in an effort to solve the ongoing wage dispute and try to prevent the walkout announced for tomorrow by UTA Transport Union.
The so called “blue” dollar that trades in the informal market climbed 25 cents to 11.75 pesos for sellers, pushed by the blue-chip swap dollar and the stock exchange dollar rates which traded at 11.05 pesos and 11.38 pesos respectively.
Cordoba province governor José Manuel De la Sota confirmed once again his presidential aspirations and dismissed an alliance with Sergio Massa as his vice-presidential candidate. “If no other candidate proposes the type of project that I want for the country, I will run [in 2015 elections],” he said.
After an urgent meeting convened by the government, UTA Transport Union head Roberto Fernández ratified the general strike announced for tomorrow in short, medium and long distance buses.
President Cristina Fernández de Kirchner, accompanied by Interior and Transport Minister Florencio Randazzo, led the inauguration of a train monitoring unit in Retiro, Buenos Aires City.
Security Secretary Sergio Berni confirmed five people lost their lives in a tragic small aircraft crash in the Río de la Plata, while affirming that a failure in the plane's engine could have caused the fatal accident.
The Labour Ministry headed by Carlos Tomada ordered mandatory conciliation in response to the Argentine Transport Union (UTA), which had vowed to stop public bus services to demand wage rises.
Cabinet Chief Jorge Capitanich referred to Economy Minister Axel Kicillof's meeting in Paris with Argentina’s Paris Club creditors. “The negotiation is complex,” Capitanich said and stressed that the government seeks “the best possible agreement”.
In his daily press briefing, Cabinet Chief Jorge Capitanich praised the progress made in negotiations with UTA Transport Union that allowed to prevent a national strike initially announced for today and said the government is making similar efforts to try to avert the walkout that bank workers have planned for tomorrow.
Uruguayan emergency workers have removed the final two bodies which remained inside the wreckage of a light aircraft which yesterday crashed into the Río de la Plata delta, leaving five Argentine citizens dead and four injured.
Economy Minister Axel Kicillof today met with members of the Paris Club group of creditors in a marathon summit, in which the restructuring of Argentine debt was discussed.
The US dollar closed half a cent up at 8.09 pesos in banks and exchange offices of the City while the "blue" dollar rose five cents to 11.80 pesos after climbing 25 cents yesterday, pushed by the stock exchange and the blue-chip swap rates which rose 39 cents.
A French court has upheld a request filed by Argentina to extradite ex police officer Mario Sandoval accused of crimes against humanity committed during the South American country’s last military-civil dictatorship. Sandoval has been charged with 601 cases of human rights violations but will only be prosecuted over the forced disappearance of Hernán Abriata.
Foreign Minister Héctor Timerman met in Moscow with his Russian counterpart Sergi Lavrov who confirmed a formal invitation to Argentina to take part in a BRICS summit to be held in Brazil next month. The Kremlin also ratified its support to Buenos Aires in its long-standing dispute against the United Kingdom over the sovereignty of the Malvinas Islands.
The head of the Argentine Agrarian Federation (FAA), Eduardo Buzzi said he will take a proposal for a national strike to the anti-government farming sectors gathered in the Mesa de Enlace alliance to denounce the “serious” situation of farmers and the lack of dialogue with the federal government.
Central Bank president Juan Carlos Fábrega assured foreign reserve levels would stay at around 28 billion dollars by the end of this year, and revealed he would lower rates if prices rises continued to slow down.
Argentina reached an agreement with creditor nations on repaying overdue debts, in a landmark deal that should open up much-needed international financing for the country. The Paris Club of creditors said the agreement will allow Argentina to clear over five years arrears that stood at $9.7 billion at the end of April.
Cabinet Chief Jorge Capitanich pointed out that the agreement reached with Paris Club was made without any active involvement from the International Monetary Fund (IMF). He stressed that this is the first time that the Fund “was not part of the conditionalities in the negotiation process” and said it will not monitor the agreement’s compliance either.
Cabinet Chief Jorge Capitanich referred to the Russian invitation to Argentina to attend a summit of the so called BRICS countries next month in Brazil and said it “leads the way towards [Argentina’s] effective participation” in the bloc.
The "blue" dollar which trades in the informal market was 10 cents lower today at 11.70 pesos amid few transactions in the market due to a bankers' strike.
French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
President Kirchner praised the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”
President Cristina Fernández de Kirchner expressed her delight at reaching an agreement with the Paris Club without International Monetary Fund (IMF) intervention, while defending Argentina's record in honouring debt commitments.
International Monetary Fund managing director Christine Lagarde today welcomed the debt deal Argentina has reached with the Paris Club.
The blue dollar or informal rate dropped 30 cents today to trade at 11.40 pesos due to lower demand of greenbacks and pushed by the blue-chip swap rate which was also down at 11 pesos.
The government has appealed a ruling which had declared the Memorandum of Understanding sealed between Argentina and Iran “unconstitutional.”
FAU leader Elisa Carrio, Radical Civic Union senator Ernesto Sanz and Buenos Aires City Mayor Mauricio Macri met today with representatives of the Argentine Rural Confederation in Gualeguaychú, Entre Ríos, and discussed agricultural policies.
Mendoza lawmaker Julio Cobos dismissed the possibility of an electoral alliance with Buenos Aires City Mayor Mauricio Macri for the 2015 presidential elections and stressed that his efforts are aimed to increase UNEN-Broad Front’s representation.
The deputy Economy minister Emmanuel Álvarez has affirmed that the government has high hopes that the United States Supreme Court will intervene in Argentina's long-running legal battle with holdout investors, dubbed 'Vulture Funds', over debt defaulted on in 2001.
Cabinet Chief Jorge Capitanich refused to give further details on an alleged leaked legal memo which would advise the government on a plan to restructure Argentina’s bonds outside the reach of US courts if the Supreme Court does not take the case against holdout investors, the so called Vulture Funds. “The document was leaked without consent,” he stressed.
The US dollar closed half a cent higher today in banks and exchange offices trading at 8.10 pesos as market analysts estimate around 140 million dollars are being liquidated by grain exporters on a daily basis, boosting Central Bank reserves.
Workers of auto parts company Gestamp continued today with the occupation of the plant in Escobar, in Buenos Aires province, accusing the company of infringing a compulsory conciliation ordered by Buenos Aires Labour Minister Oscar Cuartango, and announced plans to take the protest to Buenos Aires province Ministry of Labour.
Economy Minister Axel Kicillof today affirmed the agreement Argentina reached with the Paris Club group of creditors “does not compromise the future or the present of the country.”
Cabinet Chief Jorge Capitanich referred to the conflict in Gestamp auto parts plant and expressed his optimism about the solution of the labour dispute that began last week after 69 workers were laid off. “The plant is fully operational with 400 workers. The production has been restored,” he said.
The US dollar closed one cent higher at 8.11 pesos in banks and exchange offices after Monday's slight rise, while the informal rate was also up at 11.50 pesos.
By Nadia Nasanovsky
More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against the 'Vulture Fund' holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.
Cabinet Chief Jorge Capitanich rebuked UIA industrial chamber head Héctor Méndez who has repeatedly called for “economic adjusment”, criticising the government’s fiscal policies. “Industrial leadership has an obsolete mindset, from the past, it should be looking to the future,” Capitanich stressed.
The US dollar closed one cent up today at 8.12 pesos in Buenos Aires City banks and foreign exchange offices, while the 'blue' parallel currency rosed five cents to 11.55 pesos.
The main opposition leaders at the Lower House agreed on a strategy to vacate the House for Cabinet Chief Jorge Capitanich’s briefing scheduled for today, complaining for not being able to cross-examine the minister during his briefings.
During a national broadcast from the Government House, President Cristina Fernández de Kirchner announced the sending of a new amnesty to Congress in order to incorporate more pensioners into the Federal Pension System.
Economy Minister Axel Kicillof and ANSES chief Diego Bossio held a press conference to provide the details of a bill the government has submitted to Congress, involving a new moratorium of pensions.
The US dollar ended two cents higher today at 8.14 pesos in banks and exchange offices after rising one cent yesterday, amid dollar sales from grain exporters which pushed the US currency down and forced the Central Bank to buy dollars. The blue dollar, meanwhile, traded unchanged at 11.55 pesos.
The International Monetary Fund expressed “concern” today over the outcome of Argentina's vulture funds case, during a press briefing in Washington.
Cabinet Chief Jorge Capitanich today implied it was positive that vice-president Amado Boudou appeared before Judge Ariel Lijo next week in the probe into the nationalization of the Ciccone mint company as the process will show a “transparent treatment.”
The US dollar traded half a cent higher at 8.145 today in banks and exchange officecs after rising two cents yesterday.
The International Monetary Fund (IMF) saluted today “all the specified actions,” taken by President Cristina Fernández de Kirchner administration, to improve prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.
Economy Minister Axel Kicillof said he sees “many optimistic signals for the second trimestre and even next year” for an ending to economic recession.
Chargé d'Affaires at the US Embassy in Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Cabinet Chief Jorge Capitanich referred to Vice-President Amado Boudou's questioning by Judge Ariel Lijo saying “it is an excellent opportunity for Judiciary and the judge to act without any pressure”.
In his daily press briefing, Cabinet Chief Jorge Capitanich urged automobile companies to reduce their prices for a recovery in the sector. “It is very important for automotive terminals to reduce their prices in order to stimulate demand,” he said.
The group arrived in Washington DC today and met with members of the US State Department officials and the House of Representatives, to whom they communicated their support for the Argentine government's position against the holdout investors.
The US dollar today ended steady at 8.145 pesos in banks and exchange offices of Buenos Aires after rising one cent.
The investigation hearing into Vice President Amado Boudou's alleged involvement in the Ciccone printworks case, overseen by Judge Ariel Lijo, has come to a close for the day after the politician declared for over five hours.
New York Judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week.
Cabinet Chief Jorge Capitanich praised the Congressional delegation that travelled to Washington DC to support Argentina’s stance in its court battle with hedge funds and criticised the absence of UNEN Broad Front representatives in the committee.
In his daily press briefing Cabinet Chief Jorge Capitanich criticised financial institutions that charge “abusive rates” and said it was about time “the Central Bank properly regulated” the matter.
Cabinet Chief Jorge Capitanich referred to President Cristina Fernández de Kirchner’s meeting with governors of several petroleum-producing provinces. He said the discussion ended with a draft for a federal agreement regarding a reform to the hydrocarbon law.
The US dollar crept up half a cent to 8.15 pesos in banks and exchange offices in Buenos Aires City while greenbacks in the informal market jumped five cents to 11.60 pesos.
The government reiterated Argentina’s “unalienable right” over the Malvinas Islands and urged the UK to resume negotiations. The Ministry of Foreign Affairs described the British government refusal to continue talks as “incomprehensible and inadmisible.”
Anti-government faction of the CGT led by Hugo Moyano and Luis Barrionuevo were expected to lead a protest this afternoon to demand an increase in pensions as well as the collection of pensioners' lawsuits against the government.
The UK Foreign Office Minister to Latin America, Hugo Swire, criticised the actions of the Argentine government in the ongoing dispute over the Malvinas Islands, also slamming the use of a "Malvinas are Argentine" banner in a national team game.
Cabinet Chief Jorge Capitanich was confident that an agreement will be reached today in the bilateral meeting to be held at 3 p.m. between Industry Minister Débora Giorgi and Economy Minister Axel Kicillof with Brazil's Development, Industry and Commerce Minister Mauro Borges.
After weeks dennouncing “abusive rates” by financial institutions in his daily press briefings, Cabinet Chief Jorge Capitanich has praised the Central Bank’s decision to regulate loans pushing down interest rates, saying it was “necessary to stimulate demand” and to “prevent abussive manoeuvres and the excessive interest rates dispersion”.
The US dollar traded steady today at 8.15 pesos in Buenos Aires City banks and foreign exchange offices. Meanwhile, in the informal market greenbacks also traded stable at 11.60 pesos with only few operations being registered.
Argentina and Brazil signed a deal for automotive trade between the two nations, which will be valid until July 2015 and aims to revive the sector which has seen heavy falls in activity since the beginning of this year.
Economy minister Axel Kicillof and minister of Industry Débora Giorgi today met with Brazilian Industry minister Mauro Borges in order to establish a new trade agreement in the automotive sector between Brazil and Argentina.
By Jayson McNamaraPolice in Mendoza have arrested two men suspected of being involved in the murder of New Zealand tourist Nicholas Heyward in Mendoza in April.
The entire subway system will not operate tomorrow between 5am to 7am, sources from the Subway and Premetro Workers' Union Association (AGTSyP) announced following a failed meeting with representatives of the train operating company Sbase and the City government.
Cabinet Chief Jorge Capitanich said the government is “constantly monitoring” the flooding emergency in the Iguazú watershed by an emergency committee and that National Gendarmerie, Federal Police and Military Police personnel were being deployed in the affected areas.
Cabinet Chief Jorge Capitanich referred to the automotive trade agreement the government has sealed with Brazil saying it will encourage “auto parts production and job creation” benefiting both countries.
The US Supreme Court will reveal its decision on the vulture funds case on Monday at 10.30am, after deliberating today behind closed doors on the Argentine appeal request.
The US dollar remained unchanged today at 8.15 pesos in banks and foreign exchange offices after the Central Bank yesterday decided to restrict dollar purchases from big importers. The “blue” dollar was five cent lower at 11.65 pesos, following yesterday’s 10-cent climb.
The government today announced it will take the former Botnia pulp mill dispute to the International Court of Justice after Uruguay decided to authorize a production increase without Argentina’s consent.
Football world governing body FIFA said on Friday it had begun disciplinary proceedings against Argentina's football association due to a players' protest over the Malvinas islands at a World Cup warmup game.
Cabinet Chief Jorge Capitanich called for prudence and refused to make comments on the imminent US Supreme Court holdout ruling on Argentina’s appeal of rulings requiring it to pay the holdout bondholders back in full, expected for today at 10.30 a.m.
Cabinet Chief Jorge Capitanich arrived in Posadas, Mendoza province, for a “direct supervision” of the regions affected by floods in Paraná River coastal area today and to coordinate assistance with local authorities.
The US dollar closed steady in banks and exchange offices in Buenos Aires City at 8.15 pesos, while the so called 'blue dollar' soared in value, trading 20 cents higher at 11.85 pesos.
The US Supreme Court today declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors or risk a potential default. The high court left intact lower court rulings that ordered Argentina to pay. The government had previously warned it could default on its sovereign debt if required to pay in full.
Shares on the Buenos Aires Stock Exchange were in freefall today after the US Supreme Court's adverse ruling in the country’s case against to hedge fund creditors, the so called vulture funds.
Minutes after the US Court released its adverse verdict for Argentina in its legal dispute against hedge funds creditors, and in the wake of an official government statement, politicians took their reactions to Twitter.
UCR Party head Ernesto Sanz said the federal government should be “cautious” seeking to minimize the cost of the adverse US Court ruling over vulture funds dispute for Argentineans.
ANSES executive director Diego Bossio said the decision of the US Supreme Court to reject Argentina’s appeal on the hedge funds case was “irresponsible”.
After the adverse US Court ruling in Argentina’s legal dispute with the so called vulture funds, Buenos Aires province Daniel Scioli called for “patriotism” and urged all sectors to line up behind the national government.
Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds under Argentine jurisdiction, after the US Supreme Court declined to take Argentina's case against the 'vulture funds'.
Cabinet Chief Jorge Capitanich said the US Supreme Court’s decision to reject Argentina’s appeal on the hedge funds case “undermines the most successful sovereign debt restructuring process” and that it buffets “the foundations of a new perspective on international finances and economy”.
The "blue" dollar which trades in the informal market jumped 35 cents today, reaching 12.20 pesos following the refusal of the US Supreme Court to intervene in the ongoing case against holdout investors.
By Nadia NasanovskyAn Argentine national, César Raúl Rodríguez was arrested in Madrid yesterday, as a suspected member of a jihadist cell accused of recruiting militants for the terrorist organization Islamic State in Iraq and Syria (ISIL). Buenosairesherald.com talked to his sister.
After meeting with Congress party chiefs to discuss the government’s strategy regarding the country’s debt with houldout hedge funds, Cabinet Chief Jorge Capitanich said “the Congress, through its different blocs, has backed Argentina’s stance in defense of national interests.”
In his daily press briefing, Cabinet Chief Jorge Capitanich bashed holdout hedge funds saying “the deliberate actions of a tiny group of vulture funds will not alter the economic growth, social inclusion and distributive equity of a sovereign country”.
After climbing as high as 30 cents earlier today, the so-called “blue” dollar closed at 12.30 pesos, 10 cents up from yesterday's closing change rate.
Lawyers representing Argentina in the United States in a 1.5 billion dollar dispute that risks sending the South American country into a sovereign debt default, were expected to meet New York appeals Judge Thomas Griesa this morning in a new negotiation attempt.
After Economy Minister Axel Kicillof said the government will continue negotiating with US courts and that it is getting ready to pay holdout creditors, UNEN Broad Front’s lawmaker Hermes Binner said “Argentina is in no position to set rules.”
Argentina's attorneys today informed US Judge Thomas Griesa that government officials plan to travel to New York next week to negotiate with holdouts to solve the situation, while the magistrate warned that reopening swaps to change the debt's jurisdiction to Argentina would be considered a breach of the ruling.
The ANSES social security agency executive director, Diego Bossio called for “calm” regarding US judge Thomas Griesa’s ruling that orders Argentina to pay bondholders who rejected the debt restructuring, saying Argentina “is willing to pay”.
US Judge Tomas Griesa today considered "a problem" the televised speech delivered by President Cristina Fernández de Kirchner on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts.
Elliot Management hedge fund, led by financial tycoon Paul Singer, could accept Argentine bonds in order to finish with the judicial dispute between the two parts, following US Supreme Court ruling last Monday.
The Economy Ministry announced today that Argentina will not be able to fulfil with the debt swap payments on June 30, in response to US Appeal Court ruling which suspended a previous injunction measure filed by President Cristina Fernández de Kirchner administration.
With all eyes focused on Argentina’s legal dispute against vulture funds, the so called “blue” dollar closed 10 cents higher at 12.40 pesos. The US dollar at Buenos Aires City banks and foreign exchange offices, meanwhile, remained steady at 8.15 pesos.
Only two days ahead of the beginning of winter, Argentineans have already started to suffer harsh temperatures, hitting the lowest peak so far this year.
Lawyer Tullio Zembo said Italians holding Argentina’s restructured debt bonds “are willing to collect anywhere” although he considered the current legal situation that has raised default fears in the South American country “extremely difficult.”
While the trade balance in May registered a surplus of 1.2 billion dollars, the first five months of 2014 show a decline of 2.3 billion dollars, or 41 percent, in comparison to the same period of 2013, INDEC national statistics bureau informed today.
The holdout investors demanding full payment of Argentine bonds in default have claimed they have not been in contact with the Argentine government about possible negotiations following the US Supreme Court judgement, according to sources from the so-called 'vulture funds'.
US Federal Judge Thomas Griesa ratified in an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”
The government has decided to take the country’s bond fight against vulture funds to international media. “Argentina wants to continue paying its debts but they don’t let it,” is the title of an advertisement published today in the Wall Street Journal.
Teamsters' Union Associate Secretary Pablo Moyano launched a surprise cash transport walk-out, affecting cash machines, after threatening with a a “48-hour nationwide strike” if collective bargaining negotiations with business leaders and the government fail.
Cabinet Chief Jorge Capitanich reiterated the government’s claim for “fair and equitable conditions for 100% of bondholders”, referring to US Judge Thomas Griesa ruling ordering Argentina full payment to the so-called vulture funds. Capitanich stressed that “equitable treatment cannot be violated by any judge”.
After the strong hikes it registered last week, the so called "blue" dollar which trades in the informal exchange market, today traded 60 cents lower at 11.80 pesos, pushed down by the ongoing negotiations between the Argentine government and the holdouts, according to analysts.
The government’s decision to negotiate with holdout hedge funds has had a positive impact on the stock market. Buenos Aires stock market opened in an upward trend, with a 8.7% rise to 7,985.11 points. Bonds and coupons, meanwhile, were up by 16%.
President Cristina Kirchner has revealed that her government will introduce a new credit scheme for buying new cars, in a bid to arrest the decline in the automotive industry since the start of 2014.
Economy Minister Axel Kicillof briefed the press on the content of Argentina’s formal presentation to Judge Griesa today. “We are asking judge Griesa for a suspension of his ruling in order to start a dialogue in fair, equitable and legal conditions, without breaking our commitments with bondholders who joined the debt restructuring,” the Minister said.
The National Statistics and Census Institute (INDEC) has revealed that Argentina's Gross Domestic Product fell 0.2 percent in the first three months of 2014, compared to the same period last year.
The government awaits Judge Griesa's decision after it requested him to issue a stay on the ruling that orders Argentina to pay all bondholders at the same time, Cabinet Chief Jorge Capitanich has said.
Cabinet Chief Jorge Capitanich today reacted to US senators' remarks who harshly criticized Argentina during a hearing in the US Congress.
The US dollar today was sharply lower at 7.85 pesos in banks and exchange offices, four cents lower than yesterday's close.
Vice President Amado Boudou spontaneously showed up today in court in order to submit two writs he finished outlining this morning with his lawyers, sources close to the top official said.
By Martín GambarottaSome people, bless them, are big players in life. Others are big players on Twitter. And then there are those happy few who are big players both in life and on Twitter. They have, say, over 10,000 followers on Twitter. Some own media groups. Some are journalists. What have you.
By Sebastián LacunzaIn recent weeks the Argentine government has faced a barrage of criticism from both politicians and press in the United States.
Pope Francis today dismissed reports that he had called for a meeting between representatives of Cristina Fernández de Kirchner's government and members of the Argentine Industrial Union (UIA) and CGT union, with the supposed aim of discussing economic issues.
Cabinet Chief Jorge Capitanich today rejected media rumours which during the weekend affirmed Pope Francis had called a meeting with the Argentine government, union and business leaders in March.
Business and union leaders today came on stage to dismiss media rumours which indicated that Pope Francis had called a meeting with them in order to reach agreements and “guarantee the social peace.”
The US dollar finished trading three cents lower compared to Friday closing price after the steep drop of the last week. In the black market, the US currency closed 50 cents lower at 11.65 pesos.
President Cristina Fernández de Kirchner used Facebook social network to defend the Precios Cuidados price-watch program saying “no one could agree with Argentineans being looted.’
Hugo Swire, minister of state at the British Foreign Office, began a four-day visit today to the islands and said: "The people of the Falkland (Malvinas) Islands are British because they have chosen to be so."
The Economic Ministers and representatives of 15 provinces have agreed to set a target of 20-25 percent for upcoming pay negotiations with public sector employees, after meeting in the City of Buenos Aires to discuss a strategy for salary rises.
The National Weather Service issued an alert for severe storms in BA province and City, as well as for some areas of Córdoba and Santa Fe provinces.
Broad Progressive Front leader Hermes Binner today held a meeting with union heavyweight Hugo Moyano, who suggested supporting Santa Fe’s former Governor for the 2015 presidential elections.
The uncle of football star player Ezequiel Lavezzi was found dead in Villa Gobernador Gálvez, part of Greater Rosario, Santa Fe province, in a case that authorities are treating as a homicide.
The administration of Mitre, San Martín, Roca and Belgrano Sur rail companies will be handed over to Metrovías and Ferrovías companies, according to a resolution published on the official gazette.
Cabinet Chief Jorge Capitanich today expressed "concern” about the Supreme Court’s ruling which yesterday ordered the government to restore advertising to Clarín Group’s Channel 13.
The US dollar closed unchanged today at 7.82 pesos after the sharp drops of the last week as grain exporters liquidated 419.38 million dollars, 74.7 per cent more than in the same period of last year.
By reversing an earlier ruling, Cordoba’s Appeals Court has dismissed charges faced by former President Carlos Saul Menem, who was accused of alleged involvement in the Río Tercero’s military factory explosion in 1995 which claimed the lives of seven.
President Cristina Fernández de Kirchner slammed the “speculative sectors” who “want to see us flying through the air”, and urged local politicians to help in the implementation of the Precios Cuidados program.
The US currency ended two cents lower at Buenos Aires City banks and exchange offices at 7.80 pesos. The Central Bank yesterday purchased US$130 million, a move that however has no impacts on Argentina’s international reserves which have shown a US$19-million upward.
The governor of the Buenos Aires province Daniel Scioli today affirmed it is “important” to give foreign investors “predictability and confidence” and stated Argentina offers a future of opportunities, because it is making progress on several pending issues.
The Argentine government has condemned what it terms "clear efforts of destablisation" in Venezuela, following yesterday's clashes which left three dead and 23 injured on the streets of Caracas.
President Cristina Fernández de Kirchner attended the Favaloro Foundation Hospital for a medical check-up, which included a brain scan, before travelling to Santa Cruz province tomorrow morning.
By Liliana Franco, from Washington DC
The Director of the Western Hemisphere in the IMF, Alejandro Werner, in an exclusive interview given to ambito.com and Ambito Financiero in his Washington office, said that "the publication of the new index was an action stipulated in the Executive Board of Directors' decision," and clarified that the issue would be "examined" in the coming months.
The US dollar dropped one cent and closed today at 7.79 pesos at banks and exchange offices after the Central Bank yesterday bought 40 million dollars in the market raising its international reserves 24 million dollars to 27.798 billion at the end of the day.
In a press conference held at the Ministry of Economy, Domestic Trade secretary, Augusto Costa revealed the fines on local supermarkets which refused to apply the Precios Cuidados price-control program.
Buenos Aires City Mayor, Mauricio Macri visited Córdoba this afternoon, and rejected a political alliance with Socialist and Radicals, in the National Wheat Party celebrated in that province.
Argentinean Government will appeal tomorrow for the second time against the 'vulture' funds claim. The Supreme Court is the last judiciary step in the dispute.
Cabinet Chief Jorge Capitanich today said January’s "primary and financial fiscal result is positive” and it will be unveiled this week. "The opposition is trying to diminish the country’s fiscal behaviour,” he stressed.
The US dollar closed down one cent today at banks and exchange offices, trading at 7.78 pesos (selling price). The Central Bank bought last Friday 70 million dollars boosting international reserves.
Amid government friction over recent statements by Defence Minister Agustín Rossi –“Argentina is a drug-producing country”, he had said-, Cabinet Chief Jorge Capitanich came to the fore to affirm the South American country "is not producing" illegal substances.
The US dollar dropped half a cent today to close at 7.77 pesos at banks and exchange offices while the informal market price was unchanged at 11.78 pesos after dropping yesterday amid thin trading volume.
The Argentine government has formally filed a petition seeking the US Supreme Court review of a court order requiring it to pay $1.33 billion to bondholders who refused to take part in two previous debt restructurings.
San Juan Governor Luis Gioja held a press conference with Cabinet Chief Jorge Capitanich and Anses chief, Diego Bossio, where he announced a series of measures to help and relieve the effects of heavy flooding in the province.
The US dollar today ended one cent and a half higher at 7.79 pesos at main banks and exchange offices. Meanwhile, the so called “blue” dollar jumped two cents to 11.80 pesos due to almost no trading operations in the informal market.
Unemployment numbers saw a decrease at the end of 2013, closing the year with 6.4 percent of the population out of work according to data released by the National Institute of Statistics and Census.
Foreign Minister, Héctor Timerman today visited Saudi Arabia to mark the first ever official meeting between the two countries.
The US currency today ended three cents higher at 7.825 pesos at main banks and exchange offices while the so called "blue" dollar jumped three cents to 11.83 pesos following weeks of almost no operations in the informal market.
The Council of Magistrates, state-mechanism which determines the assignment and removal of judges, has elected it’s new members this afternoon, including Judge Alejandro Sánchez Freytes and Ricardo Recondo.
Spain's Repsol said today it would book a 1.28 billion euro ($1.76 billion) impairment charge in 2013 results after writing down YPF shares that were expropriated by the Argentine government.
The US currency today climbed four cents to 7.865 pesos at main banks and exchange offices. In the informal market, the so called “blue” dollar dropped three cents and closed at 11.80 pesos.
In a press conference from the Education Ministry, Cabinet Chief Jorge Capitanich informed that no agreement has been reached between the two parts, although he anticipated that a second meeting with the teachers will take place on Monday.
January's trade balance unveiled a small surplus of 35 million dollars, which represents a fall of 88 percent compared to the same period in 2013.
The Buenos Aires Justicialist Party Congress, celebrated this afternoon in Santa Teresita, counted with the presence of high profile politicians from the ruling Victory Front. President Cristina Fernández de Kirchner administration received an overwhelming support, and called for “a wide, united and inclusive Peronism.”
By James NeilsonRonald Reagan, Maggie Thatcher and Karol Wojtyla may have helped push the Soviet Union towards what one of its founders called history’s rubbish dump, but even if all three had been fervent communists it would sooner or later have ended up where it finally did because, as its rulers belatedly realised, it was programmed to self-destruct.
By Mempo GiardinelliWhile both teacher unions and government officials put their heads down to discuss pay increases while nobody knows if classes will start on time next month, various other questions have been heating up Argentina’s already torrid summer.
By Martín GambarottaThere’s nothing like upheaval in other parts of the world to put things into perspective here at home. Look at those blood-curdling photographs dispatched from Ukraine and Venezuela and suddenly the situation in Argentina feels under control. That could change. But the same goes for almost every region in the world. It’s quiet one day. Then the turmoil can hit.
The Argentine ambassador in Caracas, Carlos Cheppi, has declared his confidence that Nicolás Maduro would not be forced out of office early as president of Venezuela, describing rumours of that eventuality as "crazy" in an interview held today.
Negotiations to set the initial salaries of teachers will be concluded “between today and tomorrow,” Cabinet Chief Jorge Capitanich said today, again hinting about the possibility the government might decide on the matter by decree.
The US dollar ended one cent higher at banks and exchange offices in Buenos Aires city. After last Friday it reached the highest price since January devaluation, the US currency today closed at 7.875 pesos.
Pope Francis has taken his boldest step yet to overhaul the Vatican's scandal-plagued finances, creating a new department with broad powers to oversee all of its economic and administrative affairs.
Argentine ambassador to the UK Alicia Castro has revealed her support for Venezuelan president Nicolás Maduro as protests in the nation continued, while criticising what she saw as a "ferocious media attack" carried out by opponents of the head of state.
The US currency ended half a cent higher today at BA City banks and exchange offices at 7.88 pesos. In the informal market, the so called “blue” dollar closed five cents down, reaching 11.60 pesos (buying price) and 11.65 pesos (selling price).
Spanish oil major Repsol said its board of directors had approved a definitive $5 billion settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation. Repsol will receive a package of three dollar-denominated Argentine sovereign bonds with a nominal value of $5 billion as well as additional bonds - for a maximum face value of up to $1 billion - to compensate for the market discount on the first group of bonds.
"I think to finally reach a friendly agreement on this contentious issue that has taken two years is extremely positive," Repsol Chairman Antonio Brufau said in a video message that accompanied a statement on the terms of the deal.
The head of ministers has praised some “positive and favourable comments” by the United Nations Food and Agriculture Organization (FAO) and the World Bank regarding Argentina’s social and economic agenda, regretting that "certain" media “downplay” such news.
Spain's Repsol is considering the sale of its remaining 12 percent stake in Argentine energy group YPF, its chairman said today, following a settlement with Argentina over the 2012 seizure of its majority stake.
The US dollar closed one cent higher at 7.89 pesos. Meanwhile, the so called "blue" dollar plunged 10 cents in the informal market to finish at 11.55 pesos.
For economist and PRO party congressman Federico Sturzenegger, the Argentine government will end up paying much more than what it agreed with Spanish Repsol to settle a compensation for YPF expropriation.
Vicepresident Amado Boudou today came on stage to reject new accusations by a member of the Ciccone family who yesterday appeared before Federal Judge Ariel Lijo.
The US government expressed its approval for the compensation agreement signed between Argentina and Repsol over the expropriation of YPF shares, defining it as “a positive step,” a State Department spokesperson said.
The US dollar which trades in the informal market dropped 10 cents today to 11.45 pesos while the official rate closed steady at banks and exchange offices of Buenos Aires City at 7.89 pesos.
The annual US State Department Report on Human rights has drawn attention to cases of “torture by provincial police, harsh prison conditions and gender violence”, as cause for concern in Argentina.
In Buenos Aires City, the Federal Government led by President Cristina Fernández de Kirchner officialised the compensation agreement with Spanish Oil Company Repsol, and signed a 5 billion dollar deal for 51 percent of YPF shares.
The US dollar today rose half a cent at banks and exchange offices of Buenos Aires City, and ended at 7.895 pesos while the so called "blue" dollar plunged 20 cents to close at 11.25 pesos.
The Senate today approved the appointment of former Santiago del Estero Governor Gerardo Zamora as the new provisional president of the Upper House, with 57 votes against 12. He will replace Tucumán Senator Beatriz Rojkés de Alperovich.
Buenos Aires Governor, Daniel Scioli stated he seeks a “constructive dialogue” with opposition national lawmaker and Renewal Front leader Sergio Massa.
Opposition MP Graciela Camaño has rejected the Kirchnerism-sponsored Penal Code Reform and revealed a referendum project to oppose the bill.
Buenos Aires Governor Daniel Scioli assured that “gendarmerie personnel” will continue its fight against crime in Argentina’s most populated province, and confirmed a meeting with Cabinet Chief, Jorge Capitnaich on Wednesday morning.
Radical caucus leader in Congress Mario Negri has assured that his party wants to unify opposition members in order to revoke Argentina’s agreement with Iran over the investigation of the 1994 Amia attack.
The US currency today climbed half a cent to 7.89 pesos at Buenos Aires City banks and exchange offices while informal market greenbacks dropped 65 cents to 10.55 pesos.
The federal government has responded to a report by the US State Department that denounces drug-trafficking in Argentina as a “growing problem.” Washington has no authority to "grade" other countries, Foreign Minister Héctor Timerman affirmed.
The US Supreme Court today ruled for British company BG Group Plc in its effort to reinstate a $185.3 million arbitration award against Argentina that a US appeals court threw out.
Argentina's tax revenue reached 81.1 billion pesos, 33.3 percent higher than the same period in 2013, according to data released today by AFIP tax agency.
The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the so called ‘Vulture Funds’.
Following yesterday’s sharp fall, the so called “blue” dollar recovered today 45 cents, climbing to 11 pesos for sellers and 10.95 pesos for buyers. Savers seem to have aimed for the informal market, since greenbacks traded cheaper than in banks and exchange offices.
In the last day of the weekly trading session, the US dollar showed a downward trend as it dropped one cent to close at 7.825 pesos for buyers and 7.875 for sellers in Buenos Aires City Banks and foreign exchange offices. The so called “blue” dollar slipped 5 cents to close at 10.95 pesos.
Economy Minister Axel Kicillof considered the exchange market “is fairly stabilized,” thanks to the new strategy adopted by the Central Bank, and questioned opposition members and economists for “trying to seed fear,” about an "economical disaster.”
Cabinet Chief Jorge Capitanich today informed the Health Ministry headed by Juan Manzur this morning received a consignment of 9 million flu vaccines to be distributed across the country and applied for free on high risk groups.
The US dollar today closed unchanged at banks and exchange offices of the City at 7.875 pesos after rising one cent earlier.
Argentine oil company YPF expects to raise its oil production by 3 percent in 2014 compared to 2013, its president Miguel Galuccio said today.
The US dollar today closed unchanged at banks and exchange offices of the City, selling at 7.875 pesos. Greenbacks in the informal market dropped 10 cents to trade at 10.85 pesos.
Another failure resulted today in the meeting between teacher representatives and Buenos Aires province officials. Meanwhile, thousands of students stayed home as school’s doors remained shut for the fifth consecutive day.
The US dollar climbed one cent to 7.885 pesos amid Central Bank tightening controls. Meanwhile, the so called “blue” dollar closed at 10.85 pesos due to a lower demand for greenbacks in the informal market.
Francis has raised many hopes of imminent changes in Church teaching that managing expectations is going to be a challenge. The Argentine-born pontiff has caught world attention by suggesting he might ease the Catholic Church's strict rules on divorce, birth control, women priests and gay unions.
The US dollar closed one cent higher at 7.895 pesos for sellers at Buenos Aires City banks and foreign exchange offices. Meanwhile, the so called “blue” dollar rose 15 cents, trading at 11 pesos following last week’s sharp fall in the informal market.
British Minister of State for the Foreign Office Hugo Swire has stated London would rather sit at the negotiating table with Sergio Massa or Mauricio Macri to discuss the sovereignty of the Malvinas Islands. Swire alleged the representatives of Argentina’s opposition would show a “more mature vision” over the bilateral dispute than the Kirchnerite government.
Economy Minister Axel Kicillof has assured that the compensatory agreement reached with Repsol was "friendly”, and asserted there were "no winners nor losers" in negotiations over the nationalisation of YPF.
"Acknowledgement from the parties make discoveries non-essential," Cabinet Chief Jorge Capitanich said when commenting on the statements by British minister Hugo Swire, who considered opposition’s Massa and Macri would have a “more realistic and mature” vision than the Kirchnerite administration to settle the Malvinas Islands row.
The US dollar climbed half a cent at Buenos Aires City banks and exchange offices at 7.85 pesos for buyers and 7.90 pesos for sellers. Meanwhile, as result of a lower demand for greenbacks in the informal market, the so called “blue” dollar closed steady at 11 pesos.
The Paris Club invited the Argentine government to negotiate paying off its overdue debt, with talks starting in the week of May 26 to take an important step towards settling the long-running debt dispute.
"Argentina has received a formal invitation for the beginning of talks and that invitation has a date which is May 26,” Capitanich told reporters this morning.
In his daily press conference at the Government House, Cabinet Chief Jorge Capitanich said “price levels have stabilized” during February’s last two weeks and so far March, which is generating a “predictable setting for salary negotiations to be compatible with reasonableness.”
The US dollar closed three cents higher today compared to its Friday closing price and was tradied at 7.935 pesos (selling price), while the parallel currency fell five cents to sell at 10.90 pesos.
Before sitting for lunch at Santa Marta residence in the Vatican, and as tradition dictates, Pope Francis and Argentine President Cristina Fernández de Kirchner exchanged official gifts.
Amid raising tensions due to a teachers strike which has left millions of students out of schools across Buenos Aires province, the secretary of SUTEBA union María Laura Torre, came on stage today to say the strike won’t end until there is a salary proposal which satisfies the sector which she considered is being held “hostage” in this conflict.
International credit rating agency Moody's has reduced the rating of Argentina's sovereign debt, moving the grade down one step from B3 to Caa1 due to the fall in the nation's international reserves and its "inconsistent" economic policy.
Cabinet Chief Jorge Capitanich today reiterated consumer prices have stabilized in the last weeks, and urged analysts and economists to “have respect for the quality of figures elaborated by the government.”
The US dollar today rose three cents at banks and exchange offices to close at 7.945 pesos (selling price), continuing its climb after ending three cents higher yesterday.
The head of the FEB teachers' union Mirta Petrocini came on stage today to reject the Buenos Aires government’s decision of paying March wages with a 30.9 percent hike. “It would be another broken promise of the government which said it would favour the dialogue,” she told reporters and pledged: "We will not stop fighting."
In Paris, where she met with her French counterpart Francois Hollande, President Kirchner praised the decision by the European nation to file and amicus curiae brief before of the US Supreme Court, in a show of support to Argentina in its long-standing dispute against "vulture funds." CFK also secured the support of the French government to settle a 9 billion dollars dispute with the Paris Club.
The US dollar closed steady at Buenos Aires City banks and foreign exchange offices at 7.915 pesos for buyers and 7.965 pesos for sellers, while the so called “blue” dollar ended one cent lower at 10.82 pesos (buying price) and 10.92 pesos (selling price).
International credit rating organisation Moody's has lowered the grade of the debt held by the majority of Argentine provinces and municipalities, also changing the projection for lending from stable to negative.
The US dollar has closed one cent higher in Buenos Aires City banks and foreign exchange offices to 7.925 pesos for buyers and 7.975 pesos for sellers. In the informal market, greenbacks were trading three cents up at 10.93 pesos.
According to a report compiled by national statistics agency INDEC, February's trade surplus totaled 44 million dollars, a drop of 92 percent in comparison to the same period in 2013.
Cabinet Chief Jorge Capitanich today stressed that private employment in Argentina is “stable” when revealing fresh data about employment in Argentina, released by the Labour Ministry.
The US dollar today rose one cent to 7.985 pesos (selling price) at banks and exchange offices while the so called "blue" dollar dropped five cents to 10.90 pesos in the informal market.
Amid ongoing failure to reach a salary agreement with teachers, the national government summoned all five national unions to resume negotiations next Thursday.
Brazil, France and Mexico are expected to file papers in the US Supreme Court on Monday backing Argentina in its battle with bondholders that refused to take part in debt restructurings from the country's 2002 default.
Buenos Aires province ombudsman Carlos Bonicatto today urged teachers to show “good judgement and responsibility" and to begin the school year tomorrow, complying with what a “reasonable” judicial order imposed. Otherwise, he went on, “they would fail to acknowledge we live under the rule of law.”
Human Rights organizations and political activists gathered today in the Plaza de Mayo Square in Buenos Aires, to commemorate the 38th anniversary of the 1976 military coup.
Bus and taxi drivers in Mar del Plata coastal city were staging a massive protest today playing havoc with public transport and blocking accesses to the city and exits on the last day of a long weekend when thousands of tourists were trying to return to their homes.
The US Dollar has closed three cents up on the first trading day of the week, breaking the 8 peso barrier to finish at 7.965 pesos (buying) and 8.015 (selling price). Meanwhile, the so called “blue” dollar traded without alterations at 10.90 pesos.
Federal Judge Luis Federico Arias confirmed that the death toll followed last year’s flood in La Plata rose to 89, instead of the 67 informed previously by local authorities from Buenos Aires province.
The US dollar closed half a cent lower in Buenos Aires City's main banks and foreign exchange offices, closing with a price of 7.96 pesos (buying) and 8.01 pesos (selling) in the official markets.
President Cristina Fernández de Kirchner backed state-owned airline Aerolineas Argentinas as she unveiled new works at Jorge Newbery airport, while hitting out against business sectors which, in her words "want to take away all they can."
The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the so-called 'Vulture Funds'.
The US dollar ended unchanged today at 8.01 pesos in banks and exchange offices of the City. In the informal market, greenbacks yielded five cents as the 'blue dollar' fell to 10.85 pesos.
The National Institute of Statistics and Census (INDEC) has revealed that the Argentine Gross Domestic Product grew by 3 percent across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.
President Cristina Fernández de Kichner has lent her support to new subsidy policies announced today, and asked industrialists to refrain from rising prices during a national broadcast address.
The US dollar traded half a cent higher at 8.015 pesos in Buenos Aires City banks and foreign exchange offices, closing the week with no major shocks in the market.
Shareholders of Spain's Repsol approved the oil major's $5 billion settlement with Argentina over the 2012 seizure of YPF at an annual meeting today.
A 1936 Nobel Peace Prize medal, only the second such medal to be sold at auction, has fetched $1.1 million in a sale to a private Asian collector, auctioneers Stack's Bowers said. The medal was awarded to Carlos Saavedra Lamas, foreign minister of Argentina.
By James NeilsonArgentine populists have always made out that their country is the innocent victim of wicked foreigners, mostly Britons and North Americans, who have grown accustomed to appropriating large chunks of its wealth.
By Martín GambarottaFor better or for worse the Kirchnerite years will take some undoing. But oh wait, some of the stuff is already being undone by the Kirchnerite administration in charge. Have you not noticed?
The Argentine government has reportedly reached an agreement to receive a credit for 1bn dollars from US banking giant Goldman Sachs, in order to reinforce the international currency reserves held in the nation's Central Bank.
The General Director of Culture and Education of the Buenos Aires province Nora De Lucía came on stage today as teachers’ unions ended a 17-day-strike and amid nationwide wage talks which are expected to resume this afternoon.
Cabinet Chief Jorge Capitanich today reiterated a government’s communiqué released yesterday saying "any foreign currency debt issuance has been planned in the short term," denying a newspaper’s report which indicated the country was closing in on a deal to receive around US$1 billion in loans from Goldman Sachs investment bank.
The US dollar today closed slightly down at 8.01 pesos in banks and exchange offices in the City. The so called "blue" dollar fell to 10.80 pesos.
The government has decided to extend the whitewash tax amnesty deadline for a third time, as the measure, first introduced in May 2013, reaches its final day today.
The US dollar closed unchanged today in Buenos Aires City banks and foreign exchange offices at 8.01 pesos. The so called ‘blue’ dollar also remained unmoved at 10.80.
The BA City Federal Court has revoked an earlier ruling and ordered the prosecution of former president Carlos Menem, as part of the investigation around the under-valuaed sale of the Argentine Rural Society terrain in 1991.
The US currency has closed unchanged in Buenos Aires City banks and foreign exchange offices, the price remaining at 7.96 pesos for buyers and 8.01 pesos for sellers. Meanwhile, the so called “blue” dollar dropped five cent, trading at 10.75 pesos.
With an ironic tone, the habitants of Malvinas published in Twitter their response to President Cristina Fernández de Kirchner speech from yesterday, where she expressed the Islands are currently used as a Nato military base in the Atlantic South.
The US currency closed unchanged at 7.96 pesos for buyers and 8.01 pesos for sellers in Buenos Aires City banks and foreign exchange offices. The so called “blue” dollar, meanwhile, dropped five cents to 10.70 pesos in the informal market.
According to a report published earlier by the Ministry of Economy, fiscal deficit for February reached a new record at 7.7 billion pesos.
A 50 year-old man has died today in Zárate after being caught by lightning while he was herding cattle together with a friend, police said.
Cabinet Chief Jorge Capitanich today announced public transport companies will see their subsidies reduced if they join a nationwide strike called by the opposition trade union umbrella headed by teamster Hugo Moyano.
The US dollar closed unchanged today at 8.01 pesos in banks and foreign exchange offices, while the unofficial 'blue' currency continued its downward trend selling 10 cents lower at 10.60 pesos.
The head of the CGT opposition trade union umbrella, Hugo Moyano, today predicted Thursday’s nationwide strike will have a “60 or 70 percent observance” and tried to justify it saying “people are angry because they feel abused.”
He highlighted the agreements reached between the national government and several provinces, particularly Chaco, “to maintain utility tariffs and finance structural works which guarantee the access to energy” across the country.
Cabinet Chief Jorge Capitanich today praised the “immediate intervention” the national government has had in Neuquén province, one of the mostly affected areas by powerful storms which left floods and thousands of evacuated.
The so called “blue” dollar which trades in the informal market continued its downward trend today and plunged 26 cents to 10.34 pesos. Meanwhile, the US dollar was unchanged and closed at 8.01 pesos in banks and foreign exchange offices.
The International Monetary Fund (IMF) reported a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released today in Washington. However, what’s raising eyebrows and controversy is the IMF’s 2013 estimation of a 4.3 percent growth according to what they assure it's “official data.”
CGT Secretary-General, teamster Hugo Moyano, came on stage today to talk about the nationwide strike called for next Thursday by opposition unions and affirmed “we will go on working and insisting with our demands on Friday, we won’t carry out a civil war.”
Economy Minister Axel Kicillof, the Legal and Technical Secretary Carlos Carlos Zannini, and the head of YPF Miguel Galuccio were attending today a plenary session held by the Energy and Budget committees at the Lower House to provide details about the agreement signed between the Argentine government and Spanish Repsol on YPF's expropriation.
The “ideological bias” of IMF analysts has never changed with the recommendations by the international credit organism prompting the "worst" social and productive crisis in the history of the Republic of Argentina, the cabinet chief has said responding to an IMF report that questions the South American country’s economic prospects for 2014.
The US dollar today remained unchanged at 8.01 pesos in banks and foreign exchange offices in the City. Meanwhile, the so called "blue" dollar which trades in the informal market kept dropping and closed four cents lower at 10.30 pesos.
The US dollar today ended steady in banks and foreign exchange offices of the City at 8.01 pesos amid an active behaviour of the Central Bank which yesterday bought 200 million dollars.
Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop the Vaca Muerta shale formation further, boosting plans for new wells and announcing fresh exploration projects.
World Bank chief economist for South America, Agusto de La Torre, considered today Argentina must implement a “macroeconomic adjustment” in order to face future obstacles in its local economy.
The American Task Force Argentina, an organization which unites several bond holders from Argentina debt in default, questioned today the “lack of transparency” within President Kirchner administration, during a video conference with reporters.
The US dollar today closed steady in banks and foreign exchange offices of the City at 8.01 pesos amid an active participation of the Central Bank which seeks to boost its international reserves.
Foreign Minister Héctor Timerman condemned new military exercises the UK is set to undertake in the disputed territory of the Malvinas Islands. "It's a new act of colonial aggression," the Minister stressed, adding Argentina will file a complaint with the UN Secretary-General Ban Ki-moon and the Special Committee on Decolonization.
by Marcelo J. GarcíaApril opens the political year on broadcast TV and the government, which has at times mirrored the tactics of its sworn media enemies, also wants to be in good shape.
Vice Governor of Río Negro province, Carlos Gustavo Peralta died in his home this afternoon, after two years of struggle against tonsil cancer, relatives informed.
Cabinet Chief Jorge Capitanic, announced today that Economy Minister Axel Kicillof will be briefing the press with the results from his trip to the US, where he attended the IMF Finance Ministers and Central Bank Governors meeting.
Briefing the press on the results from his trip to the US, Economy Minister Axel Kicillof today tried to play down his recent attendance to G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and added: “We have no agreements with the IMF because it’s not and Argentine creditor.”
Cabinet Chief Jorge Capitanich today described Argentina’s relation with the International Monetary Fund (IMF) as “normal” and praised the role the country has got in international organizations, affirming “it’s always defending the domestic trade interests.”
Security Secretary Sergio Berni has “welcomed” the measures to fight crime announced last week by BA Governor Daniel Scioli, although he warned the problem will not be solved “with these decisions only.”
By Liliana FrancoEconomy Minister Axel Kicillof returned from Washington satisfied. In the past three days he was able to confirm the genuine concern of numerous countries and even the International Monetary Fund (IMF) regarding an adverse ruling in the vulture funds case against Argentina.
President Cristina Kirchner has confirmed that she has signed a project which will fight against so-called 'in black' employment, where individuals work outside of the Argentine tax and benefit system and often with few rights and protections.
The US dollar closed steady in Buenos Aires City main foreign exchange offices and banks at 8.01 pesos for sellers, while the parallel 'blue' currency experienced a sharp spike of 12 cents to trade at 10.40 pesos.
A day ahead of the beginning of the Easter holidays, the US dollar was trading steady in Buenos Aires City main foreign exchange offices and banks at 7.96 pesos for buyers and 8.01 pesos for sellers.
Within ten days, Chinese-owned supermarkets will join the Price Watch programme, including 122 goods.
City authorities have rescued a teenage girl who was held captive for nine years in a garage next to a dog and a monkey by her legal guardians, worshippers of “San la Muerte”, or the saint of death.
The Easter holidays started today with intense traffic in Argentine routes. Over 2 million people are expected to travel across the country during the long weekend.
After the Easter holiday, the US dollar today closed unchanged to end trading with a selling price of 8.01 pesos in banks and exchange offices in the City.
The Argentine and Paraguayan governments have agreed to tighten bilateral relations in a bid to find a solution for the liabilities held by the Binational Yacyretá Entity, the organisation charged with running the dam of the same name.
US Supreme Court justices today indicated that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to bond investors.
“A consolidated Argentina” is the column written by Julio De Vido and published by a local newspaper in which the official affirms the South American country has recovered both its “economic independence” and “political sovereignty” since late president Néstor Kirchner took office more than a decade ago.
The US dollar has ended trading unchanged compared to yesterday's closing price, selling at 8.01 pesos in banks and exchange offices in the City.
Head of the anti-drug agency Sedronar Juan Carlos Molina has denied that Argentina is a country involved in the production and exportation of narcotics, while recognising that kitchens and workshops fabricating low-grade products do exist.
The National Statistics and Census Institute (INDEC) has postponed the release of figures from the so-called House Poll, which includes strategic information regarding poverty and indigence rates, officials from that entity confirmed this afternoon.
President Cristina Fernández de Kirchner met China’s Foreign Minister Wang Yi and signed several trade agreements, including aerospace infrastructure at the Government House, Buenos Aires City.
Following a five-cent surge in early trade today, greenbacks in the informal market climbed 20 cents to 10.70 pesos. The official rate, however, closed unaltered at 7.96 pesos for buyers and 8.01 pesos for sellers.
Further policy adjustments are also needed to restore macroeconomic stability in Argentina, especially in the context of less favorable prospects for global commodity prices, the IMF said today in its Regional Economic Outlook for the Western Hemisphere.
BA City Mayor Mauricio Macri rejected rumours suggesting a political alliance with the Broad Front UNEN, and called for its leaders to seek an agreement for “after the (presidential) elections,” in 2015.
By the end of the financial week, the US dollar traded at 7.96 pesos for buyers and 8.01 pesos for sellers. Meanwhile, the so called “blue” dollar climbed five cents to close at 10.75 pesos. Yesterday, greenbacks in the informal market jumped 20 cents.
By Federico Poore
Thefts on the rise, but homicide figures can still be compared to those of 2009, says official report.
Peronists ready to evolve to take on rivals
In other less sophisticated countries, leftists and rightists, socialists and conservatives, those who want the state to run most things and free-market enthusiasts, have been fighting it out for generations. In Argentina, their counterparts have been reduced to skulking on the sidelines.
Destitution is suddenly the main concern for politicians and journalists who have never noticed it before
After weeks of stalemate, the discussion over the Penal Code reform has started to move forward as the Kirchnerite administration decided to take the discussion to the universities. María Elena Barbagelata, member of the drafting commission, talks to the Herald.
A new coalition prompts new presidential dreams. Welcome to the theatre of non-Peronist dreams. You have been here before.
By Fabiana Frayssinet
Precarious jobs still a problem, especially for the young, official figures reveal.
A number of high-profile Kirchnerite leaders met yesterday in La Matanza to discuss how to consolidate their strength in face of the next year’s elections, in a conclave that marked the public reappearance of Vice-President Amado Boudou.
Economy Minister Axel Kicillof and Industry Minister Débora Giorgi will jet off to Brasilia tomorrow in a bid to swing the automobile trade balance in Argentina’s favour.
Cabinet Chief Jorge Capitanich today highlighted the “drastic” reduction of the debt the provinces hold with the national administration as the government is expected to sign today a debt restructuring adjustment deal with 17 provinces.
Naira Cofreces was 17 years old. She attended a night high school in the locality of Junín, in the province of Buenos Aires. Last Wednesday she was beaten by three classmates, and was admitted to the local Piñeyro hospital where she finally died.
The US dollar closed unchanged today at 7.96 pesos for buyers and 8.01 pesos for sellers in Buenos Aires City banks and foreign exchange offices.
Victory Front lawmaker and former Economy Vice Minister Roberto Feletti today affirmed that Argentina’s economic situation “is far from recessionary” predicting a 2.5 percent growth for 2014.
The US dollar closed unchanged at 8.01 pesos in BA City banks and main foreign exchange offices. Following last week's 35-cent rise, the so called "blue" dollar traded 10 cents lower at 10.60 pesos.
Fiat Argentina’s president Cristiano Rattazi denied the automobile industry was facing a "serious situation" but highlighted the need to “seek new markets” to reverse car manufacturing downward trends.
Actress Norma Pons passed at 71 today around 1 p.m. She was found dead in her apartment in Palermo.
The United Nations Economic Commission for Latin America and the Caribbean (CEPAL) has sharply reduced its estimates for economic growth in Argentina for 2014, cutting forecasts from 4.5 to 1 percent for the nation.
The head of the anti-government CGT splinter questioned the round of meetings the government launched this week in a show of political rapprocachement with business leaders and the labour movement. Hugo Moyano warned that his supporters “will not accept any agreement if there is no real and concrete benefit."
Cabinet Chief Jorge Capitanich today praised the deal struck during the weekend between Iran and six world powers to limit Tehran’s nuclear activities, and referred the talks held by Argentine and Iranian officials to "negotiate the terms" of the Memorandum of Understanding reached earlier this year.
Cabinet Chief Jorge Capitanich today announced he would submit formal invitations to Buenos Aires City Mayor, Mauricio Macri, and Santa Fe Governor, Antonio Bonfatti, to hold meetings at the Government House.
A quake with a magnitude of 6.6 struck the South Atlantic southeast of the Malvinas Islands today, the United States Geological Survey said.
After the business holiday that saw banks and exchange houses closed, the US currency today rose one cent and a half compared to its last close and was trading at 6.105 pesos for buyers.
The Chief of Cabinet has assured that the national government will try to close in two weeks a new price deal to prevent “speculation” following recent changes in Cristina Fernández de Kirchner's ministerial team.
The Repsol’s Administrative Council has accepted the preliminary agreement reached among Argentina, Mexico and Spain involving a compensation for the expropriation of the Spanish firm’s 51 percent stake in the energy giant YPF.
After meeting with the heads of the different caucuses at the Senate, Cabinet Chief Jorge Capitanich, considered the meeting was “good and productive” and informed they agreed on a mechanism so he attends the Congress once a month to brief lawmakers on major national topics.
The US currency today rose one cent compared to its last close and was trading at 6.115 pesos for buyers.
Today’s early morning the Senate passed the reform of Argentina’s Civil and Commercial Code clearing the bill for debate at the Lower House. The government-brokered project rallied support of ally blocs. At voting time, FAP, Radical Party and Disident Peronism opposition parties left the parliamentary chamber.
The US currency today rose one and a half centc compared to its last close and was trading at 6.13 pesos for buyers.
Chief of Cabinet Jorge Capitanich has announced that the Argentine federal government will finance the purchase of 40,000 land lots in the north of the country, investing around 4 billion pesos in a project that will provide housing for families in the region.
Buenos Aires City lawmakers passed the 2014 budget bill, calculated in 59.5 billion dollars, thanks to the votes of the Pro party and its allies, while the opposition rejected and criticized the project.
The US currency today rose to 6.15 pesos for buyers at banks and exchange offices in Buenos Aires, two cents higher than yesterday's close.
Argentina's primary budget surplus was 412.5 million pesos ($67.2 million) in September, the government said in a statement today, down from 534.8 million pesos in the same month last year and 912.5 million pesos in August.
In his daily press briefing at the Government House Cabinet Chief Jorge Capitanich today reacted to the White House comments on the Argentine Central Bank reserves, saying “I am worried about the US and UK debt level.” The US public debt reaches over 100 percent of its GDP, he warned.
The US currency today closed one cent and a half higher at 6.165 pesos at BA City banks and exchange offices. Meanwhile, the "blue" dollar was trading at 9.18 pesos, 39 cents lower than last week.
Economy Minister Axel Kicillof and Planning Minister Julio De Vido were expected to make economic announcements today at noon, according to Government House sources.
Cabinet Chief Jorge Capitanich will meet today at the Government House with Buenos Aires Governor Daniel Scioli and Buenos Aires City Mayor Mauricio Macri. The meetings were going to be held tomorrow but were rescheduled for today.
The so called "blue" dollar which trades in the parallel market today climbed 12 cents to 9.30 pesos for buyers after plunging 39 cents yesterday. The official rate was trading one cent and a half higher at 6.18 pesos for buyers at banks and exchange offices in Buenos Aires.
In another busy day for the unofficial 'Blue' dollar, selling prices for the currency rose 32 centavos from yesterday to reach 9.62 pesos. The official prices, meanwhile, saw a two centavo gain to close at 6.205 pesos to the dollar.
President Kirchner swore in two new members of her cabinet. María Cecilia Rodriguez assumes control in the Security Ministry while priest Juan Carlos Molina will head the anti-drugs agency SEDRONAR.
The automotive industry saw sharp falls in November compared to the same month of the previous year, with figures for both car production and exports well down on 2012 figures.
In another round of bileteral talks with provincial governors, Cabinet Chief Jorge Capitanich today met with the governor of Santa Fe province Antonio Bonfatti at the Government House.
Traders say tourist demand for greenbacks in the informal market has increased following the government’s decision to take the 20 percent levy on credit and debit card purchases as well as on the purchase of the US currency to 35 percent.
The UN Economic Commission for Latin America and the Caribbean has revealed Argentina has the lowest poverty rates and the second lowest indigence levels in the region, followed by neighboring Uruguay.
Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.
During a press conference in the Government House, Cabinet Chief Jorge Capitanich assured that the Government “did not received any formal request for an audience” by the Supreme Court magistrates, and warned of an “interference in the executive.”
Cabinet Chief Jorge Capitanich has claimed that disturbances in the provinces of Cordoba and Buenos Aires, were due to the “pre-meditated actions of particular groups,” while reaffirming that the responsibility of public safety belongs to provinces.
The US dollar climbs a cent and a half trading at 6.20 pesos for buyers and 6.25 for sellers. The so called “blue dollar” falls by 14 cent dropping to 9.45 pesos (buying price) and 9.50 (selling price).
Members of the Radical Civic Union, UNEN, and the Wide Progressive Front urged the Federal Government to withdraw next week’s voting over the assignation of General César Milani as the new head of the army.
The Governor of Entre Ríos Sergio Urribarri today confirmed one person died during lootings reported last night in the city of Concordia amid a protest staged by the provincial police force on wage hikes demands.
Cabinet Chief Jorge Capitanich came on stage today to speak about the police crisis which has spread to several provinces. He assured the Government is “monitoring the situation with each provincial government and with each one in charge to generate mechanisms of social and civic protection.”
The US dollar closed half a cent higher today in Buenos Aires City exchange offices and banks at 6.255 for sellers, after climbing 10 cents last week.
The police crisis which prompted protests and further lootings in several provinces last week and during the weekend spread today to other districts, with deaths reported in Jujuy and Entre Rios.
Directors of the International Monetary Fund (IMF) announced today that they will give Argentine authorities an extended deadline in order to improve upon disputed national statistics, giving the nation until March 2014 to make the necessary changes.
The US dollar closed one cent and a half higher today in Buenos Aires City exchange offices and banks at 6.27 (selling price), after climbing 10 cents last week.
After a steady open today at Buenos Aires city exchange offices and banks, the US currency ended higher at 6.285 pesos (selling price). The so called “blue dollar” was trading in the informal market at 9.56 pesos (selling price).
Victory Front politicians have approved the promotion of Army Chief César Milani and it will be put up for vote during an upcoming session of the Senate next Wednesday.
Salta’s Governor Juan Manuel Urtubey ordered a 50 percent salary raise for the police that nevertheless continue protesting in a bid for better economic compensation. Minimum wage will be of 6,516 pesos. Public employees to receive a 25 percent hike.
Salta governor Juan Manuel Urtubey ordered a 50% salary raise for the police personnel in his province. Minimum wage will pass from 4.342 to 6.516 pesos, while public employees will enjoy a 25% increase starting next May.
In Tucumán's province, thousands of pot banging demonstrators gathered in the Independencia square, in rejection of the looting incidents and police protest that took place in the last two days.
The US currency was climbing half cent today at Buenos Aires City exchange offices and banks at 6.29 pesos for sellers, reaching a 3-cent hike only this week. The so called "blue dollar" trades one cent higher at 9.55 pesos.
Argentina posted a primary budget deficit of 2.758 billion pesos ($466.5 million) for October, the Economy Ministry said today.
The US currency rose half a cent today in BA City exchange offices and banks to 6.295 (selling price). The currency is closing the week with a three and a half-cent hike after climbing 10 cents previous week.
Economy Minister Axel Kicillof today praised the role of YPF oil giant in the recovery of the energy sector and urged other companies to maintain and increase their investments for Argentina to become self-sufficient in energy production.
Through a Twitter message, President Cristina Fernández de Kirchner accused the provincial police force of “organizing the delinquency”, during last week looting that spread across the country.
Inflation rose 0.9% in November, the INDEC statistics bureau reported. Annualized inflation equals 10,5% compared to the same period last year.
Cabinet Chief Jorge Capitanich called for a “popular participation in the control of the Security Forces”, during a press conference at the National Library in the city of Buenos Aires.
In his daily and early press conference, Cabinet Chief Jorge Capitanich today assured the government wants to “look after the consumers’ pockets.” “We will identify the mass consumption goods and we will ensure price controls are respected,” he said.
Cabinet Chief Jorge Capitanich today urged businessmen to “invest and stop speculating” in a press conference which moved from price controls, inflation, to wage talks being held with different sectors.
The US currency today rose two and a half cents to 6.32 pesos (selling price) in Buenos Aires City exchange offices and banks after rising three and a half cents last week.
Britain has accused Argentina of "bullying tactics" over its threat to punish oil firms operating off the Malvinas Islands with heavy fines, the seizure of assets and jail sentences of up to 15 years.
The government today made official several designations, among them, the appointment of Juan Carlos Fábrega as president of the Central Bank for a period of six years.
“Private companies are responsible for the power cuts,” Cabinet Chief Jorge Capitanich referred today to the increasing blackouts in the City and the province of Buenos Aires caused by the power demand amid soaring temperatures and urged companies to boost their investments.
An orange alert continued today for high temperatures in the cities of Buenos Aires and Rosario as a heat wave remained in the area.
The US currency today rose two cents to 6.34 pesos (selling price) in Buenos Aires City exchange offices and banks after rising three and a half cents last week.
The Supreme Court today approved a 5 percent hike in salaries of judicial employees. The wage hike will be effective for every category, according to a communiqué released today by the Supreme Court.
Tucumán’s Supreme Court has overturned the ruling which cleared 13 suspects of involvement in the disappearance of Marita Verón, and sent 10 of those accused in the human trafficking case back to be sentenced for the crimes.
Deputy Foreign Minister Eduardo Zuaín today called a meeting with the UK ambassador, in order to reject the nation's protest over a new law that prohibits the exploitation of hydrocarbon resources in the area around the Malvinas Islands.
President Cristina Fernández de Kirchner met with authorities of the DAIA Jewish organization in the Government House.
The Russian Parliament has confirmed the decision to grant amnesties to 30 Greenpeace activists who were imprisoned on charge of vandalism for protesting in the Arctic Circle, among them Argentines Hernán Pérez Orsi and Camila Speziale.
Amid massive blackouts and an electricity consumption that hit another record yesterday, Cabinet Chief Jorge Capitanich urged companies to implement a "system of scheduled cuts" to guarantee the service.
The US currency today rose four cents to 6.385 pesos (selling price) in Buenos Aires City exchange offices and banks after rising four cents and a half last week.
Cabinet Chief Jorge Capitanich inaugurated an electricity project, including the installation of a power line network during a graduation ceremony of cooperatives workers in Ezeiza, province of Buenos Aires.
In his daily press briefing at the Government House, the chief of staff urged to have a “reasonable debate” and considered “essential” that energy companies “give explanations to users” amid the massive blackouts of the last days.
The Central Bank today stipulated public and private banks will remain closed on December 24 and 31 across the country, Cabinet Chief Jorge Capitanich announced earlier at the Government House.
The US currency today rose another two cents to 6.405 pesos (selling price) in Buenos Aires City exchange offices and banks, continuing its upward tendency of the last weeks.
Cabinet Chief Jorge Capitanich today gave a press briefing to inform about the results of a meeting he held earlier at the Government House with representatives of the Planning Ministry, the ENRE regulator agency, and of Edenor and Edesur, the two energy giants which provide electricity service in Buenos Aires city and province.
Cabinet Chief Jorge Capitanich today gave a press briefing to inform about the results of a meeting he held earlier at the Government House with representatives of the Planning Ministry, the ENRE regulator agency, and of Edenor and Edesur, the two energy giants which provide electricity service in Buenos Aires city and province.
A new report released today by the national weather service informed “a new and progressive increase of maximum and minimum temperature marks is expected in the region from Friday 20 to Tuesday 24.”
Argentina today filed a complaint with the World Trade Organization over the European Union's decision to slap anti-dumping duties on the South American country's biodiesel.
Teamster union leader Pablo Moyano has confirmed that workers affiliated to the organisation will receive a ‘Christmas bonus’ after reaching an agreement with businessmen and distributors.
President Cristina Fernández de Kirchner today led a ceremony celebrating the promotions of several officers of the Armed Forces, among those Army chief César Milani, in Government House.
The government today made official the promotion from major-general to lieutenant-general of César Milani, who yesterday took over formally as head of the Army.
According to an official communiqué released this morning, a new government agency under the scope of the Foreign Ministry has been created by President Cristina Fernández de Kirchner to address issues related exclusively to the Malvinas Islands, designating former senator Daniel Filmus as its chief.
In a new attempt to restrain the inertial inflation the country has been undergoing, the government today reached a price deal with different business chambers to keep prices unchanged for one year.
The US currency today rose three cents to 6.435 pesos (selling price) in Buenos Aires City exchange offices and banks, after rising two cents yesterday, continuing its upward tendency of the last weeks.
After the government and supermarket chambers signed a deal to keep prices unchanged for one year starting January 1, Economy Minister Axel Kicillof announced a “system of permanent monitoring” will be created, to report price variations.
The INDEC statistics bureau reported that the economic activity grew 5.5 percent during the third quarter, compared with the same month last year accumulating a 5.7 percent since January.
The INDEC national statistics bureau informed today that the industrial activity dropped 4.9 percent in November and 3.9 percent compared with last month.
During a special message for Christmas, UK Prime Minister David Cameron addressed the Malvinas citizens and said that Britain “will never” let Argentina violate their “right for self determination.”
The Federal Police raided into the offices of “Austral Construcciones” in the city of Buenos Aires, a company owned by Lázaro Báez, followed an impeachment filed by the Civic Coalition party lawmakers Elisa Carrió and Fernando Sanchez.
Cabinet Chief Jorge Capitanich announced a new series of agricultural subsidies for local producers, during a rally in Ituzaingó, province of Buenos Aires.
Renewal Front leader and national lawmaker Sergio Massa affirmed that is necessary “to acknowledge the inflationary problem, recover the statistic credibility and organize an integral program to fight against it."
Cabinet Chief Jorge Capitanich today announced a list of agreed prices with supermarkets and providers will be published next January 3 on the official gazette regularizing the measure.
Cabinet Chief Jorge Capitanich today confirmed the government will sign with 18 provinces an agreement to refinance debt which will be in effect for three renewable months.
The US currency closed today two cents up compared to its Friday closing price and was traded at 6.45 pesos (selling price) in Buenos Aires City exchange offices and banks.
Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof were attending this morning a meeting with businessmen and union leaders to discuss several pending topics such as wage talks, investments and economic goals for next year.
The trial against former president Fernando de la Rúa, accused of allegedly paying bribes to senators to get his labour reform approved in 2000 ended this afternoon raising eyebrows as he was absolved.
Cabinet Chief, Jorge Capitanich defined as an “outburst and exaggeration,” the statements of Corrientes Governor Ricardo Colombi, who warned about the possibility of emitting a pseudo-currency due the economic situation in his province.
Pope Francis will celebrate his first Christmas as leader of the world’s Roman Catholics today and tomorrow with crowds of pilgrims expected to attend the annual celebrations in the Vatican.
The National Meteorological Service (SMN) has released a red alert for the cities of Buenos Aires and Rosario as well as surrounding areas, reacting to a heat wave that continues to affect the region.
At least 112 adults and 85 under-age people were treated after suffering from burns and contusions during the Christmas holiday.
After a steady open this morning, the US dollar climbed three cents and a half at 6.43 pesos for buyers and 6.48 pesos for sellers at Buenos Aires City banks and exchange offices. Greenbacks had already jumped two cents earlier in the week.
President Cristina Fernández de Kirchner today dismissed any possibility to be a candidate in 2015, in statements to official news agency Télam.
The Federal Government informed that a raid on Army Headquarters in the city of Buenos Aires investigating possible unauthorised intelligence operations revealed no evidence of wrongdoing, while the politician who brought forward the charges vowed to continue his campaign.
Six more of the 30 Greenpeace activists arrested in a protest over Arctic oil drilling have left Russia after being granted an amnesty.
The national government has raised the price of bus fares from 1.50 pesos to 2.50 pesos, as of January 1, and has cut SUBE subway tariffs by 40 percent to benefit “the most vulnerable sectors.”
After a steady open this morning, the US dollar jumped two cents in midtrade to 6.50 pesos (selling price) at Buenos Aires City banks and exchange offices. Yesterday, it climbed three cents and a half.
National government officials today met with provincial governors to sign a deal whoch will refinance the debts of 18 provinces every three months.
Renewal Front leader Sergio Massa announced his “National Board”, along with Senator Carlos Reutemann and other former Peronist members, during a meeting in Tigre, province of Buenos Aires.
After a steady open this morning, the US currency climbed a cent and a half reaching at 6.475 pesos for buyers and 6.525 pesos for sellers at Buenos Aires City banks and exchange offices.
New Year's celebrations in Buenos Aires left 67 needing hospital treatment, primarily for injuries suffered from fireworks and champagne corks as festivities got underway at midnight.
Greenbacks were trading two and a half cents higher in the first financial week of 2014 following the 32-percent devaluation reached by Argentina’s peso currency last year. Rates were at 6.55 for sellers at BA City banks and exchange offices.
Uruguayan president José Mujica has admitted that his country's relationship with Argentina is "at a standstill", and suggested that improving relations was down to counterpart Cristina Fernández de Kirchner.
Horacio Fargosi, president of the Buenos Aires stock market association, passed away today at the age of 87. His remains will be laid to rest in Pilar, at the Jardín de Paz cemetery, province of Buenos Aires.
Buenos Aires city lawmakers Gustavo Vera, of UNEN, and Proyecto Sur’s Pablo Bergel have filed a criminal complaint against power companies Edenor and Edesur, accusing them of sabotage due to the disruption caused by two weeks of blackouts.
Cabinet Chief Jorge Capitanich assured in his Twitter account that the Federal Government has a list of “204 objectives and 272 goals” to be achieved over the next 12 months, including “the growth of power production” and “the construction of 100,000 homes”.
The US currency closed today one cent higher today following yesterday’s two-cent-and-a-half climb. Rates were at 6.51 pesos for buyers and 6.56 for sellers in BA City banks and exchange offices. Meanwhile, the so called “blue” dollar jumped three cents to 10.30 pesos.
After revealing that December’s revenue hit a new all-time record, the head of the AFIP tax bureau Ricardo Echegaray turned the press conference into a defense from Grupo Clarín allegations, and blamed its CEO Hector Magnetto of “orchestrating a persecution against me and my family.”
Córdoba's Minister of Economy Ángel Elettore denied today the possibility of issuing a pseudo currency bond in his province during an interview to a local radio.
Four years after his death, famous singer Roberto Sánchez, popularly known as “Sandro” was honoured today by his wife Olga Garaventa and a group of fans in the Glorian Memorial cemetery, province of Buenos Aires.
The US dollar closed four cents to 6.55 pesos for buyers and 6.60 pesos for sellers at BA City banks and exchange offices. In 2013, the peso currency hit a 32-percent-devaluation. In the informal market, the "blue" dollar rose 17 cents higher at 10.42 pesos (buying price) and 10.47 pesos (selling price).
The Federal Chamber confirmed that Carlos Telleldín, the person believed to be responsible for delivering the van which hit the Jewish community building in 1994, will have to face the courts once again.
Renewal Front leader Sergio Massa presented a project designed to seal the wage negotiations for teachers in January instead of Mars, during a political meeting in La Plata, province of Buenos Aires.
After spending 17 days in the Southern province of Santa Cruz, President Cristina Fernández de Kirchner has returned to the City of Buenos Aires. CFK is expected to appear plublicly on Wednesday.
The so called “blue” dollar broke the May 8 last year barrier when it hit 10.45 pesos. Greenbacks in the informal market closed at 10.85 pesos for buyers and 10.90 pesos for sellers, fueled by tourist demand and some exchange speculative purchases. Meanwhile, the official dollar climed half a cent to 6.555 pesos (buying price) and 6.605 pesos (selling price) at Buenos Aires City banks and exchange offices.
Storms and heavy showers affected Buenos Aires City and the central provinces of the country today. Temperatures in the capital city are to range between 27 and 37 degrees.
Neuquén province formalized today a new contract with Wintershall to explore Vaca Muerta’s shale gas and oil field.
President Cristina Fernández de Kirchner resumed today to official activity in the Government House, after spending 18 days with her relatives in the southern province of Santa Cruz.
According to an online poll released in the British newspaper “The Daily Telegraph”, 63 percent of the voters affirmed that the Malvinas Islands should be under Argentina’s sovereignty.
Cabinet Chief Jorge Capitanich revealed today that the Federal Government authorized the imports of products in order to sustain the new price deal and guarantee a steady provision to the public.
The US dollar climbed today one cent to 6.565 pesos for buyers and 6.615 pesos for sellers at BA City banks and exchange offices. The so called “blue” dollar traded at 10.70 pesos (buying price) and 10.75 pesos (selling price).
The president of the Lower House, and Victory Front lawmaker Julián Domínguez affirmed that the country’s capital should be moved to the north.
Cabinet Chief Jorge Capitanich assured that the Federal Government will expand the price deal and open food imports if necessary, during a press conference from Government House.
Cabinet Chief Jorge Capitanich denied that Miguel Galuccio, YPF’s CEO would resign from his position in the national oil company, during a press conference at the Government House.
The US dollar climbed two and a half cents to 6.585 pesos for buyers and 6.635 pesos for sellers at BA City banks and exchange offices.
Unen President Fernando ‘Pino’ Solanas considered that “this was the worst summer since December 2001," during an interview with Radio Rivadavia.
After a steady open this morning, the US dollar closed three cents higher at 6.615 pesos for buyers and 6.665 pesos for sellers at Buenos Aires City and exchange offices. The so called "blue" dollar remained steady at 10.80 pesos (selling price).
A recent survey by “The Daily Telegraph” has said that 74 percent of the polled consider the disputed resource-rich archipelago belong to Argentina. “British public opinion is changing,” Argentine ambassador to London affirmed as she ratified the South American country’s commitment with “dialogue.”
María Elena Bergoglio was released from the Hospital Británico located in the city of Buenos Aires, where she was treated for an urinary infection. The pope's sister underwent a previous medical hospitalization in September after suffering a glucose peak.
Edgardo Depetri , national lawmaker for the ruling Victory Front assured that “there are several presidential candidates,” to succeed President Cristina Fernández de Kirchner in October 2015.
The US currency started the week three and a half cents higher at Buenos Aires City banks and exchange offices at 6.65 pesos for buyers and 6.70 pesos for sellers. Greenbacks in the informal market closed seven cents lower at 10.77 pesos (selling price).
Alejandro Marambio, in charge of the Federal Penitentiary Service (SPF) presented his resignation from office arguing “personal reasons”. He will be replaced by Emiliano Blanco,his Chief Advisor.
Julían Domínguez proposal of moving Argentina’s capital to a northern province continues to generate controversy between members of the Lower House.
After a steady open today, the US dollar closed one cent higher at Buenos Aires City banks and exchange offices at 6.665 pesos for buyers and 6.715 pesos for sellers. Meanwhile, the so called “blue” dollar jumped 9 cents to 10.93 pesos.
The ministry of Defence informed that a non-commissioned officer who served in the Arctic base of Base Esperanza died, after what seems to be an accident as a result of the manipulation of "flammable residuals."
The construction cost raised 20,9 percent in 2013, the Indec national statistics bureau informed.
Purchase pressure on the so called “blue” dollar continues pushing greenbacks in the informal market, and closed 35 cents up at 11.50 pesos for buyers and 11.55 pesos for sellers. Yesterday, the blue hit a new record high amid high tourists’ demand.
A local tribunal from Cordoba’s province ordered the detention of 16 policemen after the salary dispute that took place in December and was followed by lootings and riots in that region.
BA City Deputy Mayor, María Eugenia Vidal assured that the Pro party will dispute a place in BA province to join Mauricio Macri’s effort for the 2015 presidential election.
The Cabinet Chief has defended the government’s debt policy with Argentina using the Central Bank’s international reserves to pay debt, considering the Kirchnerite administration has honoured payment commitments “it did not incur in” and “has not incurred in anymore usury-like debts” either.
Defence Minister, Agustín Rossi assured that “using the armed forces in the battle against drug-trafficking would make the situation worst,” during a radio interview.
During an interview with Télam news agency, Radical Party leader Ernesto Sanz affirmed that there is a “strong conviction”, regarding a new political and “progressive alternative” for 2015, and assured that they will know how to “handle the differences, because nobody wants to repeat the failure of the Civic and Social Agreement.”
The heat wave continues to hit the city of Buenos Aires and surroundings reaching 39 degrees, as the National Meteorological Service maintains the orange alert released on Thursday.
At least ten people were injured during the past 48 hours, in Rambla Caralunya, Santa Fe province followed another Piranha attack.
By Martín Gambarotta Argentina, like probably any other country, is most of the time dominated by the economy. This nation has a difficult economic history. Two examples of recent history should suffice to show this: the hyperinflation crisis of 1989 and the financial meltdown of 2001, which prompted the biggest sovereign debt default in the history of mankind. Scary stuff? You bet.
The US dollar has climbed more than three cents reaching 6.84 pesos (selling price) - while the parallel 'blue' currency fell a giant 30 cents from Friday evening.
Luis Barrionuevo, head of the “Azul y Blanca” Workers Central slammed the absences of political leaders and possible presidential candidates to an official meeting in Mar del Plata.
Economy Minister Axcel Kicillof described the meeting with the Paris Club executives as “largely positive,” and anticipated the possibility of progress with negotiations.
Power and water companies raised their bills by 27 percent since the beginning of this year, while thousands of users are still suffering from blackouts in their homes. The federal government is considering removing the subsidies within the metropolitan area, where rates are lower than the rest of the country.
The US dollar experienced a sharp rise today at Buenos Aires City banks, jumping 13 cents at one point before falling back to 6.89 pesos for sellers. The 'blue' rebounded from yesterday's losses, adding 30 cents to its value.
Chief of Cabinet Jorge Capitanich today spoke out against critics of the national government's tax policies, stating that such figures "are against income redistribution."
Economy Minister Axel Kicillof returned from the meeting with the Paris Club executives, where he offered “the general guidelines” of Argentina’s proposal. He defined the encounter as “positive,” and reaffirmed that the country “won’t accept any conditions.”
President Cristina Fernández de Kirchner will reappear in public followed almost 40 days of absence in a ceremony to be held at the Government House, City of Buenos Aires.
The Paris Club said it would study an outline from Argentina for repaying the more than $9.5 billion it owes the group of creditor nations.
José Luis Gioja, San Juan Governor was released from the hospital where he was treated followed a helicopter accident he suffered in last October.
Cabinet Chief, Jorge Capitanich explained in his daily conference from the Government House that yesterday’s hike of 23 cents in the official peso “was not a devaluation induced by the Government. It was an expression of free market with offer and demand.”
The US dollar broke the 8 pesos barrier today reaching 7.99 pesos for buyers and 8.01 pesos for sellers, followed yesterday’s largest mark in 12 years. The unofficial 'blue' dollar also saw a sharp escalation, rising 91 cents to close at 13.06 pesos.
Inspectors from the Central Bank, accompanied by Federal Police officers, today raided offices in the Buenos Aires Stock Market, where 'caves' that traded in unofficial dollars were allegedly operating.
The US dollar rose half cent today to 8.015 pesos (selling price), following the announcement from the national government that the purchase of the foreign currency for personal use would be once more permitted across Argentina.
Head of CGT Workers Central, Hugo Moyano has reacted to the economic measures released on Friday by the Federal Government, and assured that “nobody believes them anything”. In addition, he anticipated further meetings with opposition’s figures for next week.
During a video interview with the Wall Street Journal, Paul Singer, CEO of hedge fund Elliott Management Corporation, described Argentina’s public policy as “horrendous” and stated that he could settle the dispute “in an afternoon.”
After the government’s unexpected move to relax currency controls and amid thin volume trade, the black market dollar today climbed to 12.15 pesos to start a week in which the foreign currency will have the leading role in the economic scenario.
Former Central Bank chief Martín Redrado today harshly rejected the relaxation of currency controls by the government saying that “to inflationary policies the government is now adding foreign exchange improvisation.”
The European Union and the common euro currency are stronger than they were a year ago and much better positioned to resist any shocks stemming from a currency crisis in Argentina, Italian Prime Minister Enrico Letta said today.
Jewish groups AMIA and DAIA have reiterated their opposition to an agreement between Iran and Argentina over the investigation into the 1994 AMIA bombing, marking one year since the accord was signed.
The official dollar rate rose two cents to 8.015 pesos after last week's strong rises, while the reference rate for dollar purchases for savings was also higher at 9.62 pesos in its second day of trading.
CGT faction leaders Hugo Moyano and Luis Barrionuevo have affirmed that the two trade unions “have been unified,” during a press conference after a meeting they held with Buenos Aires City Mayor Mauricio Macri.