March 6, 2015
Results for: negotiations
  • 29/12/2014 | Argentina

    Capitanich to vulture funds: ‘We will not accept extortions’

    The government reiterated its stance in the battle against its holdout creditors, following the remarks by senior portfolio manager at NML Capital Jay Newman, who said yesterday that “Argentina is capable of paying all of its creditors” given its “vast natural ressources.”

  • 19/02/2015 | Argentina

    'Argentina hasn't responded invitation to resume negotiations'

    Settlement negotiations Special Master Daniel Pollack has said the government of Argentina has “neither accepted nor otherwise responded” to an invitation to resume bond talks.

  • 07/11/2014 | Argentina

    'Debt negotitations must be fair, legal'

    Cabinet Chief Jorge Capitanich has downplayed a new demand filed by the Bracebridge fund in a New York court, ratifying the government’s official position which is to negotiate with 100 percent of creditors.

  • 11/11/2014 | Argentina

    Gov’t insists on dismissal of reopening of wage talks, income tax reform

    Cabinet chief Jorge Capitanich rejected once again the reopening of national salary negotiations or any reform in income tax floor, demanded by several unions across the country. However, the official did not rule out deals between unionist and business owners.

  • 11/08/2014 | Argentina

    Gov’t insists it is not involved in talks between banks, holdouts

    The cabinet chief reiterated that any ongoing negotiations between Argentinean private agents and holdouts “are not the state’s concern or responsibility.”

  • 05/11/2014 | Argentina

    'Gov't will not go down on its knees to negotiate with vultures'

    The Cristina Fernández de Kirchner administration will be not getting down on its knees in a negotiation with vulture funds, Central Bank head Alejandro Vanoli affirmed once the January 31 date comes and the controversial RUFFO clause falls.

  • 06/11/2014 | Argentina

    'Vulture funds are the ebola of the financial system'

    A negotiation would possible in January considering a different scenario in Argentina’s debt dispute with vulture funds could emerge, Economy Minister Axel Kicillof said calling the groups of creditors suing the country over its defaulted bonds more than a decade ago the “ebola of the financial system.”

  • 05/08/2014 | Argentina

    Gov't rejects reopening teachers' salary talks

    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. 

  • 07/08/2014 | Argentina

    Bond dispute: US judge Griesa to hold new hearing tomorrow

    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.

  • 08/08/2014 | Argentina

    Mediator Pollack: ‘I will conduct further negotiations until a solution is reached’

    Special Master appointed by US judge Thomas Griesa, Daniel A. Pollack, said today his intention is to “conduct further negotiations until a solution is reached”.

  • 31/07/2014 | Argentina

    'Any deal between private agents does not involve the state'

    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.

  • 31/07/2014 | Argentina

    Bonds fall, country risk climbs on vulture funds dispute concerns

    Shares and bonds plunged as investors react to the failed negotiations between Argentina and holdout hedge funds. In the Buenos Aires City stock market the Merval index closed down by 8.4% to 8,187.99 points, far from yesterday’s record 6.9% climb.

  • 04/08/2014 | Argentina

    Judge Griesa allows JP Morgan payment, confirms Pollack as mediator

    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.

  • 30/07/2014 | Argentina

    Pollack: 'Default is not a mere technical condition but rather a painful event that will hurt real people'

    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.

  • 31/07/2014 | Argentina

    Foreign private banks still pursue deal

    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.

  • 28/07/2014 | Argentina

    First payment made to Paris Club creditors

    The Economy Ministry today revealed that Argentina had completed a payment of 642 million dollars to the group of creditor nations that form the Paris Club, a sum representing the first installment due on the debt owed by the country.

  • 30/07/2014 | Argentina

    Banks' offer involves 'private agents only, not public sector'

    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.

  • 30/07/2014 | Argentina

    Bank representatives held talks with holdouts in New York

    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.

  • 21/07/2014 | Argentina

    Argentina repeats 'stay' request ahead of hearing with judge Griesa

    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.

  • 22/07/2014 | Argentina

    'Argentina's leaders have no interest in negotiating'

    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.

  • 24/07/2014 | Argentina

    Argentina insists on guarantees for RUFO clause protection

    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.

  • 08/07/2014 | Argentina

    Kicillof responds to holdout critics: They have never lent to Argentina

    The Economy minister has responded to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to the nation.

  • 14/07/2014 | Argentina

    'Vulture fund' asks Argentina to start immediate negotiations

    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'.

  • 20/07/2014 | Argentina

    Scioli optimistic about vulture funds talks

    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”.

  • 02/07/2014 | Argentina

    'Vulture funds' request meeting tomorrow with minister Kicillof

    The NML Capital hedge fund is ready to meet and negotiate directly with Economy Minister Axel Kicillof and is willing to do so this week, according to an executive of the 'vulture fund' involved in legal wranglings with the government over defaulted debt.

  • 03/07/2014 | Argentina

    Gov't confirms July 7 meeting with vulture funds

    Argentina will play by the rules and “respect” the "agenda” that has been "agreed on" with mediator Daniel Pollack - designated by US Judge Thomas Griesa to lead negotiations with vulture funds -, Cabinet Chief Jorge Capitanich has said.

  • 07/07/2014 | Argentina

    Vulture funds 'open to compromise' with Argentina

    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'.

  • 19/06/2014 | Argentina

    Gov't says no US mission scheduled to negotiate with vulture funds

    Following Argentina’s offer to negotiate with bondholders, the cabinet chief affirmed the ruling ordering to pay vulture funds “strikes” the country’s debt restructuring process. Ratifying Argentina’s “payment will,”  Jorge Capitanich said the government had no mission scheduled to the United States.

  • 20/06/2014 | Argentina

    Scioli: President will 'resolve' vulture funds conflict

    That he “trusts” in President Cristina Fernández de Kirchner who with her “intelligence” will defend the “general interest” is what Daniel Scioli said today, probably the firmest public message the governor of the province of Buenos Aires delivered this week regarding Argentina’s bond fight with vulture funds.

  • 30/06/2014 | Argentina

    Argentina to send delegation to 'vulture fund' negotiations

    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.

  • 12/05/2014 | Argentina

    Gov't on Paris Club talks: 'We can't release information on strategy'

    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.

  • 26/05/2014 | Argentina

    Kicillof: Paris Club talks have moved forward

    The economy minister has assured that progress has been made with creditors in the Paris Club as the politician flies to France in preparation for talks with the financial institution over restructuring Argentina's debt.

  • 27/05/2014 | Argentina

    Moyano accuses gov't of 'pressuring companies to block wage hikes'

    “We will demand what the inflation has taken away from salaries’ purchasing power,” the Secretary General of the Teamsters Union warned ahead of the beginning of wage negotiations for the sector.

  • 17/03/2014 | Argentina

    Government confirms debt talks with Paris Club to begin May 26

    "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.

  • 21/03/2014 | Argentina

    Gov't calls teachers' national unions to resume wage talks next week

    Amid ongoing failure to reach a salary agreement with teachers, the national government summoned all five national unions to resume negotiations next Thursday.

  • 06/05/2014 | Argentina

    State workers close salary negotiations after talks with CFK

    Trade unions representing workers employed by the state have agreed a pay rise of 28.15 percent, following a meeting today with President Cristina Fernández de Kirchner in Government House.

  • 15/05/2013 | Argentina

    CFK announces agreements with workers' unions

    President Cristina Fernández de Kirchner met with the leaders of workers unions in the Government House to announce “important agreements” after intensive negotiations.

  • 03/02/2014 | Argentina

    Buenos Aires' teachers: beginning of school year depends on Scioli's administration

    Buenos Aires teachers today warned that the beginning of the school year will depend on how provincial authorities respond to their salary demands.

  • 25/02/2014 | Argentina

    Gov't negotiations with teachers' unions suspended until Monday

    CTERA secretary-general Stella Maldonado informed that talks would remain in recess until next week, after an afternoon of negotiations with government representatives failed to yield an accord for wage rises.

  • 23/03/2013 | Argentina

    Malvinas: Argentina to renew negotiations claims at the UN

    With the support of top regional officials, Argentina will renew its long-standing demand that the UK sits at the negotiating table to discuss the Malvinas Islands’ sovereignty dispute at the United Nations this week.

  • 27/03/2013 | Argentina

    BA province, teachers in deadlock over wage talks

    Buenos Aires province government officials including Governor Daniel Scioli held a meeting today with unionized teachers in a move that tries to unblock a conflict that has already left almost 5 million children without classes for 8 days.

  • 28/03/2013 | Argentina

    BA province teachers once again urge Scioli to return to negotiations

    Buenos Aires province teachers, who met on Wednesday with governor Daniel Scioli, once again urged the provincial government to return to collective bargaining negotiations, as they still do not agree with the 22.6 percent hike decreed by the province.

  • 31/10/2012 | Argentina

    AMIA: Timerman announces new negotiations with Iran scheduled for November

    Foreign Minister Héctor Timerman announced at the Government House that new negotiations between diplomatic representatives of Argentina and Iran over the 1994 AMIA terrorist attack, will take place before the end of Novemeber.

  • 27/12/2012 | Argentina

    Bank clerks on strike

    Bank clerks held a national strike today demanding the payment of 1,800 pesos allegedly owed due to wage negotiations. An assembly will be held by the union tomorrow to define a “struggle plan.”

  • 14/03/2013 | Argentina

    BA province gov't ends salary negotiations, teachers announce new strike

    The Buenos Aires province government decided to unilaterally end wages talks with the teachers’ unions after they rejected a new 22.6 percent salary offer and announced yet another 48-hour strike next week and a demonstration.

  • 14/05/2012 | Argentina

    Subway workers to go on strike on Thursday after salary negotiations fail

    The bus and subway drivers’ union (UTA) announced a 24-hour strike that would affect all subway lines as well as the Premetro tram on Thursday, in response to failed salary negotiations.

  • 15/05/2012 | Argentina

    Subway workers pull forward strike, to start tomorrow at midday

    The bus and subway drivers’ union (UTA) announced they were pulling forward a strike to Wednesday at midday, that will affect all subway lines as well as the Premetro tram, and that it would last for 36 hours, in light of the failed salary negotiations. 

  • 01/08/2012 | Argentina

    Five day subway strike announced

    Subway workers from the breakaway AGTSyP union announced a two day strike in addition to the UTA subway and tram workers' union's 72-hour strike that begins on Monday. Therefore, subway will be out of service from Friday at 9pm affecting all lines, lasting a total of five days.

  • 19/01/2012 | Argentina

    Boudou praises regional support for Malvinas sovereignty claim

    Vice-President Amado Boudou praised the immediate support expressed by several countries in the region in the bilateral conflict between Argentina and the United Kingdom over the Malvinas Islands sovereignty.

  • 29/02/2012 | Argentina

    BA Province Gov't to hold wage talks with teachers on Friday

    The Buenos Aires province government announced today that they will be holding new wage negotiations with teachers’ unions on Friday. The talks come with a hope to conclude collective bargaining, following the 48-72 hour strike currently in place, which stopped classes from starting in the first week of the school term.

  • 29/02/2012 | Argentina

    Macri suspends negotiations for transfer of subway management

    In a live press conference from City Hall, Mayor Mauricio Macri said that “the quality of the subway system doesn’t differ much from that of the railway system.” He accused the National Government of engaging in a “10-year disinvestment process” and criticized the Government’s decision to remove all Federal Police officers from the Subway stations.

  • 03/02/2011 | Argentina

    Tomada responds sharply to complaints made by 'G6' group of businessmen

    Labour Minister Carlos Tomada sharply responded to the complaints made by businessmen of the ‘G6’ group against the Government’s choice of newly appointed judges, and said, “it is disrespectful towards their careers and the comments do not carry any weight.”

  • 08/02/2011 | Argentina

    Wage increase percentage 'cannot yet be established,' Tomada

    Minister of Labour Carlos Tomada stated that a wage increase percentage “cannot yet be established” for this year, and promised that negotiations between companies and their workers would be “rational.”

  • 21/11/2011 | Argentina

    Negotiations between City, National gov'ts over Subway management fail

    Secretary of Transportation Juan Pablo Schiavi confirmed that the National and City governments had failed to reach and agreement over the transfer of the subway services management and accused the Macri administration of “stalling something that is his responsibility.”

  • 20/08/2013 | World

    Britain rejects Spanish request for Gibraltar talks

    Britain rejected a Spanish proposal to hold talks over the sovereignty of the contested British overseas territory of Gibraltar after Spain issued an appeal for such negotiations to be held "as soon as possible".

  • 21/02/2014 | World

    Ukraine president calls for elections, protesters' council backs deal

    Ukraine's President Viktor Yanukovich announced plans for early elections today in a series of concessions to his pro-European opponents, as a council representing anti-government protesters in Kiev backed a draft agreement on ending the country's crisis but set conditions, an opposition leader was quoted as saying.

  • 24/04/2014 | World

    Israel halts peace talks in response to Abbas pact with Hamas

    After a six-hour closed-door meeting, Israeli Security Cabinet “decided unanimously that the government of Israel will not hold negotiations with a Palestinian government that is backed by Hamas, a terror organisation that calls for Israel's destruction.”

  • 18/06/2011 | World

    Afghanistan's Karzai confirms US in talks with Taliban

    The United States is in contact with the Taliban about a possible settlement to the near decade-long war in Afghanistan, Afghan President Hamid Karzai said today, the first official confirmation of US involvement in negotiations.

  • 15/07/2011 | World

    Obama says time running out for debt ceiling deal

    US President Barack Obama that deficit negotiations should have been taken care of early rather than allowed to run this close to the Aug. 2 deadline for raising the US debt ceiling.

  • 15/06/2012 | World

    After CFK's speech, Cameron says 'there'll be absolutely no negotiation'

    Following President Cristina Fernández de Kirchner's reclaim for dialogue between the UK and Argentina over the sovereignty of the Malvinas Islands at the UN yesterday, UK Prime Minister David Cameron responded making it clear that 'there will be absolutely no negotiation,' over the islands.

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