Argentine defiance in appeal of $1.4 billion debt ruling aims at unlikely Supreme Court win
The Canadian PressBy Michael Warren, The Associated Press | The Canadian Press BUENOS AIRES, Argentina – With just hours to go before Argentina has to show its last cards in a billion-dollar debt showdown in the U.S. courts, President Cristina Fernandez seems to be keeping up her “we’re going for more” motto. Her government is [...]
Argentina Turns To Gold As Inflation Tops 26%
Published 20 March 2013 By Mark O’Byrne Today’s AM fix was USD 1,611.50, EUR 1,247.10 and GBP 1,064.12 per ounce. Yesterday’s AM fix was USD 1,602.50, EUR 1,238.41 and GBP 1,059.78 per ounce. Silver is trading at $28.95/oz, €22.52/oz and £19.23/oz. Platinum is trading at $1,558.50/oz, palladium at $737.00/oz and rhodium at $1,250/oz. Gold [...]
Days After Freezing Prices, Argentina Bans All Advertising
February 9, 2013 Source: Zero Hedge “We are from the government and we are here to help you” – Anonymous government worker A week after Argentina resorted to every failing authoritarian government’s last ditch measure to (briefly) control inflation before runaway prices flood the nation and result in political and social upheaval, namely freezing [...]
Argentina freezes prices to break inflation spiral
Updated: 4 Feb 2013 ALMUDENA CALATRAVA, Associated Press BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other [...]
Fitch downgrades Argentina and predicts default – Telegraph
The Telegraph 27 Nov 2012 Credit rating agency Fitch has downgraded Argentina, which is locked in a court battle in New York over its debt, and said the country would probably default. picture released by Argentine agency Telam, showing a banner with the image of Argentine President Cristina Fernandez de Kirchner being displayed at the [...]
It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Submitted by Tyler Durden 10/31/2012 One week ago, when we reported the news that the Bundesbank had secretly pulled two thirds of its gold from London years ago, we said the following: … Germany has done nothing wrong! It simply demanded a reclamation of what is rightfully Germany’s to demand. And here is the crux [...]
Nervous Venezuelans stock up on supplies before election
By Helen Murphy and Andrew Cawthorne Venezuela’s President and presidential candidate Hugo Chavez throws his microphone … (Note: Election law forbids publication of polls in Venezuela for a week before voting) CARACAS (Reuters) – Venezuelans packed supermarkets on Friday to stock up on food and other essentials in case of trouble around Sunday’s presidential vote, which [...]
Argentina’s Kirchner hits out at IMF threat
25 September 2012 France 24 Cristina Fernandez de Kirchner, President of Argentina speaks during the 67th session of the United Nations General Assembly at the United Nations in New York. Kirchner hit back at the IMF on Tuesday for warning her country about bad data, saying her nation would not be subjected to [...]
Argentine Growth Halts as Fernandez Tightens Controls
By Eliana Raszewski – Sep 21, 2012 Argentine President Cristina Fernandez de Kirchner’s efforts to stem capital outflows and extend her control over South America’s second-largest economy has brought growth to a standstill. Gross domestic product was unchanged in the second quarter from a year earlier and shrank 0.8 percent from the first quarter, the [...]
Argentine tax agents to track all credit card buys
By MICHAEL WARREN Associated Press BUENOS AIRES, Argentina (AP) — Argentina just made it more expensive for its people to use credit cards outside the country, and more dangerous for cardholders who aren’t paying all the taxes they should. One measure published in Friday’s official bulletin adds a 15 percent tax every time people make [...]
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