Showing posts with label Argentina. Show all posts
Showing posts with label Argentina. Show all posts

Monday, March 10, 2014

ARGENTINA MASS PROTESTS; unions stage massive anti government protest, RECESSION FUELED BY GREED

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ARGENTINA MASS PROTESTS; unions stage massive anti government protest, RECESSION FUELED BY GREED

Friday, November 1, 2013

Bondholders lose bid to lift stay in Argentina litigation

Bondholders lose bid to lift stay in Argentina litigation
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/f91bf__p-89EKCgBk8MZdE.gif



NEW YORK | Fri Nov 1, 2013 11:45am EDT



NEW YORK (Reuters) – A U.S. appeals court declined Friday to lift a freeze on an order requiring Argentina to pay $ 1.33 billion in favor of bondholders suing for repayment in the wake of the country’s 2002 default.


The 2nd U.S. Circuit Court of Appeals in New York denied a motion to lift a stay it issued in favor of Argentina pending U.S. Supreme Court review of a ruling in favor of holdout bondholders.


The request to lift the stay was made October 15 by bondholders led by hedge funds Elliott Management Corp’s NML Capital Ltd and Aurelius Capital Management LP.


(Reporting by Nate Raymond in New York; Editing by Gerald E. McCormick)



Reuters: Business News




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Monday, October 28, 2013

Argentina congress rejects Malvinas" referendum [PressTVGlobalNews]

Argentina congress rejects Malvinas" referendum [PressTVGlobalNews]
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The same day that the National Congress of Argentina opened its first ordinary session of 2013, lawmakers passed a rejection statement condemning the controv…
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Tuesday, October 1, 2013

U.S. Supreme Court takes no action on Argentina bonds case


WASHINGTON | Tue Oct 1, 2013 9:43am EDT



WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday took no action on whether it should hear an appeal filed by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country’s 2002 default.


The case was not mentioned in a list of new cases the court agreed to hear on Tuesday ahead of its new term, which starts on Monday, October 7.


Based on the court’s usual practice, Tuesday’s development may mean either that the court will decline to hear the case or that it will ask the Obama administration to weigh in on whether the dispute is worth the court’s attention.



Reuters: Politics



U.S. Supreme Court takes no action on Argentina bonds case

Thursday, August 1, 2013

VIDEO: Argentina"s Distracted Train Drivers









Officials in Argentina says surveillance cameras installed in the cabins of commuter trains captured drivers reading books, talking on mobile phones and even sleeping when they should have been focused on the rails. (Aug. 1)













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VIDEO: Argentina"s Distracted Train Drivers

VIDEO: Argentina"s Distracted Train Drivers









Officials in Argentina says surveillance cameras installed in the cabins of commuter trains captured drivers reading books, talking on mobile phones and even sleeping when they should have been focused on the rails. (Aug. 1)













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VIDEO: Argentina"s Distracted Train Drivers

VIDEO: Argentina"s Distracted Train Drivers







Officials in Argentina says surveillance cameras installed in the cabins of commuter trains captured drivers reading books, talking on mobile phones and even sleeping when they should have been focused on the rails. (Aug. 1)













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VIDEO: Argentina"s Distracted Train Drivers

VIDEO: Argentina"s Distracted Train Drivers







Officials in Argentina says surveillance cameras installed in the cabins of commuter trains captured drivers reading books, talking on mobile phones and even sleeping when they should have been focused on the rails. (Aug. 1)













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VIDEO: Argentina"s Distracted Train Drivers

Saturday, July 20, 2013

U.S. will not file with Supreme Court in Argentina debt case



WASHINGTON | Fri Jul 19, 2013 5:44pm EDT



WASHINGTON (Reuters) – The United States will not file a brief next week asking the U.S. Supreme Court to review Argentina’s case in a decades-old battle between the South American country and “holdout” creditors, a Justice Department spokesman said on Friday.


Over the last decade, holdout investors and Argentina have sparred in the U.S. courts over the South American country’s $ 100 billion default in 2002. Holdouts declined to take part in two restructurings in 2005 and 2010 that drew participation from 93 percent of bondholders, who accepted returns as low as 25 cents on the dollar.


Argentina is asking the Supreme Court to void an October 2012 ruling by the 2nd U.S. Circuit Court of Appeals in New York, which found it had violated a clause in its bond documents requiring it to treat all creditors equally.


The appeals court has not yet ruled on whether to require Argentina to pay the holdout bondholders. A ruling in their favor would put Argentina on the hook for more than $ 1.3 billion in payments and risk the country’s default.


The Supreme Court decides to hear less than 1 percent of the thousands of petitions that are filed each year.


The Supreme Court generally gives more weight to requests from the government than it does other parties, but the Justice Department rarely files friend-of-the-court briefs before the court has decided to hear a case, unless the justices ask it to.


“I am only aware of a couple instances where it has done so in the past 15 or 20 years,” said John Elwood, a lawyer in Washington who formerly worked in the Justice Department.


The International Monetary Fund plans to file a brief in support of the case next week, by the court’s July 26 deadline, if it gets approval from its board. In a paper, the IMF said a ruling against Argentina could have broad implications for future sovereign debt restructurings.


The Supreme Court is on its summer break and won’t decide whether to hear the case until the fall.


(Reporting by Lawrence Hurley and David Ingram, Writing by Anna Yukhananov; Editing by Eric Beech)






Reuters: Politics



U.S. will not file with Supreme Court in Argentina debt case