October 23, 2014

A US judge has scheduled a December 2 hearing to weigh arguments over whether Citigroup Inc should be allowed to process an expected interest payment by Argentina on bonds issued under its local laws following its 2002 default.

• US court denies Argentina appeal over bond payment to BONY

Cabinet chief Jorge Capitanich rejected statements made yesterday by economists gathered at the Institue for Argentina’s Entrepreneurial Development (IDEA) 50th annual conference in Mar del Plata that the current economic model is “finished”.

Ruling Victory Front’s Senator Aníbal Fernández rejected claims that the new Criminal Procedural Code reform is “xenophobic” and defended the initiative that seeks to deport foreigners who are found guilty of a crime once they have served their sentence.

Justice Secretary Julián Álvarez explained that according to the proposed new Criminal Procedural Code foreigners who are found guilty of an ‘insignificant crime’ will not be expelled.

By Luciana Bertoia

The government’s push to be able to deport foreigners who are found guilty of a crime earned it some unusual bedfellows yesterday as Sergio Massa’s Renewal Front backed the initiative while human rights groups — and even some right-wing sectors — questioned the move, calling it opportunistic and ill-conceived.

Grain exports will total US$5.7 billion in the fourth quarter of the calendar year, the CIARA and CEC chambers promised yesterday, after seemingly successful negotiations with a national government that is eager to inject much-needed export dollars into the economy.

Cabinet chief Jorge Capitanich said that “there has been practically no change” in the number of real estate agencies in the past year, in response to remarks by the vicepresident of the Argentine Real Estate Chamber, Armando Pepe, who had said that 884 real estate firms had closed in Buenos Aires City.

The INDEC statistics bureau has informed September’s trade surplus was 404 million dollars, a 44 percent drop compared to the same month last year.

A controversial Internet neutrality bill opposed by telecom companies was all but cleared for debate in the Senate yesterday following amendments that net neutrality proponents saw as positive, including the removal of questionable articles that made reference to special exceptions.

• What does the bill say

Cabinet chief Jorge Capitanich hit out against market forces whom he accused of trying to attack the administration of president Cristina Fernández de Kirchner, as he appeared before the Senate for the latest briefing.

The Lower House of Congress approved today a project of law that establishes the mandatory school age at four years old, and its integration into the national education system, sending the bill to the Senate.

Foreigners who are caught committing a crime and who do not have their residency documents in order will be deported according to the new Criminal Procedural Code that President Kirchner yesterday said the Executive will be sending to Congress today.

• CFK sends new Criminal Code to Congress • 'Code will be an efficient tool to fight crime’

Ex Justice Minister León Arslanián praised the reform of the Criminal Procedural Code President Cristina Fernández de Kirchner submitted to Congress saying the new laws will provide people with more security.

U2's controversial free album on Apple's iTunes had a less than stellar performance once released for commercial sale, coming in at No. 9 in its first week on the Billboard 200 album chart today.

Brazil’s stocks and currency dropped for a second straight session yesterday after opinion polls showed a that President Dilma Rousseff had taken a lead over market-favourite candidate Aécio Neves ahead of Sunday’s presidential elections.

Following president Cristina Kirchner's announcement that a bill to reform the Criminal Procedural Code will be sent to Congress, Cabinet Chief Jorge Capitanich defended the project saying it ‘has achieved a high level of consensus among jurists and scholars.”

French oil major Total today appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

US Secretary of State John Kerry welcomed the release of one of three Americans held in North Korea and said Washington is willing to resume talks with Pyongyang if it takes steps towards de-nuclearisation.

• N. Korea unexpectedly frees Jeffrey Fowle

Venezuelan President Nicolas Maduro said that the South American country would avoid more borrowing on international markets due to rising costs as a result of worsening credit risk perceptions.

The informal rate reversed earlier losses and climbed four cents to 14.73 pesos today. The blue-chip swap rate continued its downward path today, sinking to 13.10 pesos.

Suspected Boko Haram militants kidnapped at least 25 girls in an attack on a remote town in northeastern Nigeria, witnesses to the attack said, despite talks aimed at freeing more than 200 other female hostages the militants seized in April.

Starting March 2015, temporary appartment rentals in Argentina will have to be registered at the AFIP tax bureau, according to a decision published in the official bulletin.

US stocks surged today, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth.

Canadian Prime Minister Stephen Harper vowed to redouble the country's fight against "terrorist organizations" abroad after a reported convert to Islam rampaged through parliament, shocking the usually tranquil capital city.

• Soldier killed as Canada parliament attacked

The mayor of Iguala, in the southern Mexican state of Guerrero, ordered a police attack that resulted in six deaths and the disappearance of 43 students who remain missing weeks later, the country’s top prosecutor said yesterday.

Soccer — South American Cup

Boca faces must-win match at Capiatá

After suffering a disappointing 1-0 defeat at home in the first leg game, Boca visits Deportivo Capiatá today at 9.15pm looking to turn around the result and keep in the race for the South American Cup title.

Estudiantes de la Plata relinquished a 2-1 lead to draw on aggregate against Peñarol, but came back firing to win 3-1 in the subsequent penalty shoot-out and move on to the quarter-final stage of the Copa Sudamericana.

By Jorge Andrades

La Dolfina Hope Funds defeated La Aguada Las Monjitas ICBC 12-6 and Alegría Assist Card downed Miramar 12-9 at the Argentine Polo Association fields in Pilar in day three of the 121th Hurlingham Open. Both winner teams will face each other on Saturday to decide the zone A, while the losers were eliminated from the tournament.

Ronaldo leads rout as Real Madrid outclass Liverpool

Real Madrid earned their first-ever win over Liverpool with a wondrous Cristiano Ronaldo goal spearheading a 3-0 Champions League victory.

Gastón Aguirre has been indicted by the National Criminal Courthouse for robbing a Canadian tourist, Alex Hennessy, in the Buenos Aires city neighborhood of La Boca.

A baby died and eight other people were hurt when a Palestinian man slammed his car into pedestrians at a Jerusalem light railway stop, then police shot the driver as he fled, police and a hospital official said.

A man has jumped the White House fence and was attacked by Secret Service dogs before being arrested, a Secret Service spokesman said.

Ukraine should be able to find ways of paying for Russian gas supplies within a week, Russian Energy Minister Alexander Novak has said, suggesting a standoff would end once Moscow received financial guarantees from Kiev.

• Russia, Ukraine, EU seek gas deal

About 200 Hong Kong protesters marched to the home of the city's Beijing-backed leader today to push their case for greater democracy a day after talks between student leaders and senior officials failed to break the deadlock.

Dilma Rousseff pulled ahead again in a new poll ahead of Brazil's presidential election and she appears to be the favourite to win Sunday's runoff although the vote is still too close to call.

• Markets plunge after Rousseff revival

A plane carrying some 50 Cuban doctors and nurses has arrived in Liberia to help treat victims of Ebola in the West African country, where a US military mission is also deploying to fight the deadly virus.

The Spanish nurse infected with Ebola in Madrid while caring for a priest who later died of the virus has been cleared of the deadly disease after testing negative two times in a row, doctors said on Tuesday.

• Nigeria declared 'Ebola-free'


Dollar (Official price) DOLLAR (Official price) $ 8,450 $ 8,500
Dollar Blue price) DOLLAR ("Blue" price) $ 14,65 $ 14,75
Euro EURO $ 10,770 $ 11,290
Pound POUND $ 13,545 $ 13,634
Merval MERVAL $ 10.381,410 $ -1,58
Dow Jones DOW JONES $ 16.713,610 $ 1,53
Bovespa BOVESPA $ 50.904,340 $ -2,87
Full MARKET coverage HERE

Never-ending cycles

Michael Soltys / Senior Editor / Economic Outlook

Never-ending cycles

Die Hard Dilma Rousseff

Patricio Navia

Die Hard Dilma Rousseff

Disciplinary ineptitude

Eric Weil / Sportsworld

Disciplinary ineptitude

Seven days of wishes and jokes

Mempo Giardinelli

Seven days of wishes and jokes

Dozens of military officers who were complicit in crimes against humanity in the country during the 1976-1983 military dictatorship had been sent to Spain for training, new documents revealed yesterday.

According to statistics released by the National Department of Mental Health and Adictions of the Health Ministry, an “evident rise in the prevalence of alcohol abuse in high-school students” has been registered in 2001-2011, with trends reaching a highest rate (67 percent) in the 2001-2005 period.

By Kate Greene

Why would anyone think a woman would be the first to space, anyway? Medical studies, for one thing. Some studies in the 1950s and ‘60s suggested female bodies had stronger hearts and could better withstand vibrations and radiation exposure. Moreover, psychological studies suggested that women coped better than men in isolation and when deprived of sensory inputs.

• World Trade

Argentina adopting measures to reaffirm river and sea sovereignty

• On Sunday

How the British doomed Hong Kong

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