30/03/2013 | Argentina

Argentina holds ground in bond payment offer

Argentina is pitching an alternative payment formula to a US appeals court that would allow it to resolve litigation with creditors holding defaulted bonds for which they are demanding to be paid $1.33 billion.

30/03/2013 | Argentina

Gov't: 'We'll keep on meeting debt obligations'

Vice President Amado Boudou, Economy Minister Hernán Lorenzino, deputy Economy Minister Axel Kicillof and Finance Secretary Adrián Cosentino held a press conference defending Argentina’s stance at the US appeals court over the country’s dispute with “vulture funds”.

19/04/2013 | Argentina

Vulture funds reject Argentina's payment offer

Vulture funds have rejected Argentina’s debt payment offer over defaulted bonds renewing its position that the South American country fulfill its 1.3 billion dollar pay obligation.

09/01/2013 | Argentina

'The battle against vulture funds has been won'

Defence Minister Arturo Puricelli assured that the arrival of the Libertad Frigate to Argentina, after being impounded in Ghana for 77 days, means "the victory of the battle against the worst of the financial speculations, which are the vulture funds."

25/01/2013 | Argentina

'Vulture funds' say Argentina must pay up

Investors who refused to join two sovereign debt restructurings by Argentina urged a US court to force the country to pay them.

29/03/2013 | Argentina

NY: Argentina presents reopening of debt swap offer

The national government will be making today’s afternoon a presentation before the New York appeals court to reopen Argentina’s debt swap in a move that seeks vulture funds to accept the debt restructuring offer.

26/11/2012 | Argentina

'We won't tolerate NML's blackmailing,' Argentina's Ambassador to US

Argentina’s Ambassador to the US, Jorge Argüello, assured today that “Argentina will not pay the price for the financial irrationality of the North", and under no circumstances "will tolerate the vulture funds’ blackmailing.”

04/12/2012 | Argentina

US Appeals Court rejects motion filed by 'vulture funds'

A US appeals court refused to order Argentina to post a security deposit of at least $250 million while it seeks to overturn a lower court ruling that orders it to pay holdout investors $1.33 billion.

13/12/2012 | Argentina

'We don't need int'l lenders,' Lorenzino announces bond payment

Economy Minister Hernán Lorenzino announced Argentina will be making payments for more than $3.5 billion dollars in GDP-linked bonds, during a press conference at the Economy Ministry.

20/11/2012 | Argentina

‘Vulture funds seek to mount a default stage,’ Lorenzino

Economy Minister Hernán Lorenzino said today that claims set by international "vulture" funds against Argentina have the only intention of mounting fear and raise doubts about the country’s ability to repay debt."

22/11/2012 | Argentina

Lower House Kirchnerite leader says ruling is ‘reprehensible’

The leader of the Kirchnerite caucus in the Lower House, Agustín Rossi, referred to the recent ruling signed by US District Judge Thomas Griesa against Argentina saying it is “reprehensible”.

23/11/2012 | Argentina

Scioli pleas 'collaboration' in 'vulture' funds fight

Buenos Aires province governor Daniel Scioli rejected the recent ruling in favour of “holdout” bond investors by New York Judge Thomas Griesa and called on other provincial governors, mayors and union leaders to “join in collaboration” in order to bring peace of mind to the population.

09/11/2012 | Argentina

'We will continue to face vulture funds,' Argüello warns

Ambassador to the US Jorge Argüello assured that that Argentines will continue to face vulture funds, and deemed them as “speculators who bet on usury.”

16/11/2012 | Argentina

Argentina to give response over vulture funds in New York

Argentine legal representatives in New York will present today before District Judge Thomas Griesa, their defence regarding the current stance of the vulture funds.

17/11/2012 | Argentina

Boudou lashes out at vulture funds, austerity measures

Vice- president Amado Boudou accused vulture funds of despicable behaviour and warned that insisting on austerity measures carries out a high risk for Europe and for the global economy.

04/11/2012 | Argentina

CB governor lashes out at vulture funds in Mexico

Central Bank governor Mercedes Marcó del Pont warned today that 2actions carried out by vulture funds should be a global cause of concern,2 as she took part of a meeting of central bank heads, ahead of the G20 finance ministers summit in Mexico.

04/11/2012 | Argentina

'G20 must set limits to vulture funds'

Economy Minister Hernán Lorenzino called for developed countries to set limits to vulture funds credit rating agencies as promoters of the global crisis,” as he takes part of the G20 Finance Ministers meeting in Mexico.

05/11/2012 | Argentina

'Argentina to fight US court ruling on debt,' Lorenzino says

Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino said.

30/10/2012 | Argentina

S&P downgrades Argentina's rating on 'vulture funds' ruling

Standard & Poor's Ratings Services reported it has downgraded Argentina's sovereign credit rating from "B" to "B-," following the US Second Circuit Court of Appeals affirmed the ruling over "vulture funds."

30/10/2012 | Argentina

Standard & Poor's complete report

31/10/2012 | Argentina

'Attacks will not stop Argentina from keeping its promises,' Lorenzino

Economy minister Hernán Lorenzino assured today that “the attacks on risk qualifiers and the vulture funds are not going to stop Argentina from keeping its promises,” referring to the payment of large debts the country owes.

26/03/2012 | Argentina

Foreign Ministry 'regrets' US trade decision sanctioning Argentina

The Foreign Ministry released a statement on Monday "regretting" US President Barack Obama's decision to suspend Argentina from the US Generalized System of Preferences programme, which waives import duties on thousands of goods from developing countries.

19/10/2012 | Argentina

Timerman calls for Ghana to 'assume its responsibility,' release Libertad frigate

Foreign Minister Héctor Timerman demanded that Ghana “assumes its responsibility” of freeing the Libertad Frigate, which remains impounded in the African country’s port over claims of vulture funds.

30/10/2012 | Argentina

'We will never pay the vulture funds,' Economy minister says

Economy minister Hernán Lorenzino assured today that the government “will never pay” the ‘vulture funds,’ although also affirmed that it will continue to pay “93 percent of the credit owed."

09/11/2012 | World

Griesa urges Gov't to revise position, pay to vulture funds

US Judge Thomas Griesa urged Argentina to comply with the recent ruling which orders to compensate the bondholders that did not participate in both debt restructuring of the country.

17/10/2012 | World

Switzerland rejects embargoes on Argentina's reserve deposits

Switzerland’s government rejected a law suit filed by US vulture funds asking to set an embargo on Argentina's assets deposited in the Bank for International Settlements as funds claim the payment of a US$1 billion debt.

02/11/2012 | World

South Africa admits Espora corvette could also be impounded

A month after the Libertad frigate was impounded, South African Foreign Affairs Minister Maite Nkoana-Mashabane confirmed that the Navy's Espora corvette moored at Cape Town could be retained over a lawsuit filed by vulture fund.

08/11/2012 | World

Griesa summons new hearing over Argentina, vulture funds

US Judge Thomas Griesa summoned a new hearing at New York Court over the case of vulture funds against Argentina.

06/04/2012 | World

US backs Argentina in fight against vulture funds

The US government requested a Court of Appeals to reverse the ruling of Judge Thomas Griesa in favour of a vulture fund, which forced Argentina to pay the interest on the debt of bonds exchanges carried out 2005 and 2010, sources said.

25/06/2012 | World

US Supreme Court confirms lift on US$100M embargo against Argentina

The US Supreme Court rejected today an appeal presented by two vulture funds and confirmed a ruling of a New York’s Appeal court revoking a 100 million dollars embargo ordered by US Judge Thomas Griesa on Argentina’s Central Bank funds deposited at the US Federal Reserve Bank in New York.

20/08/2012 | World

US Court rejects Argentina's sovereign-immunity argument

A US Federal Appeals Court in New York rejected Argentina’s argument that its sovereign immunity was affected by a lower-court ruling compelling compliance with subpoenas sought by NML Capital Ltd. for collection of five money judgments.