November 1, 2014

Relations between Buenos Aires and Washington — already going through a low point — look set to undergo further turbulence as President Cristina Fernández de Kirchner has asked US President Barack Obama to clarify if he had appointed someone to a US government position who was also part of the American Task Force Argentina (ATFA) lobby group.

The American Task Force Argentina (ATFA) has been the visible arm of the holdout hedge funds that have sought to obtain a “fair and just reconciliation” for those holding defaulted bonds dating back to 2001.

The Central Bank has temporarily revoked Cambio América’s permit to operate as a foreign currency exchange house following an inspection by the CNV securities regulator and the Financial Information Unit.

According to the INDEC statistics bureau, industrial activity dropped 1.8 percent in September compared to the same month of 2013.

Construction activity grew 3.2 percent in September compared to the same month of 2013. It was the highest increase in the sector of 2014, INDEC said.

The use of public services registered a 4.7 percent growth in September year-on-year, and accumulates a 4.6% increase during the first nine months of 2014, according to the INDEC national statistics bureau.

Fitch ratings agency today downgraded Argentina's Par bonds issued under Foreign Law to 'D' from 'C', after the country failed to complete an interest payment.

A shooter in the Buenos Aires City neighbourhood of Las Cañitas spread tension and panic for more than three hours when he started to fire his gun several times from his apartment this morning. The GEOF speacil team managed to secure the area and the gunman surrendered. No poeple resulted injured.

Cabinet Chief Jorge Capitanich has taken a harsher tone against the opposition accusing its leaders representing “the Revoking Front,” seeking to carry out what he called the “M Plan.” “They want to revoke everything this government has done.” he affirmed.

If he gets to the presidency next year, it will be anyone who commits a crime to go to jail no matter if that person is an Argentinean, a foreigner or the vice president of the nation himself, Julio Cobos said.

President Cristina Fernández de Kirchner has defended the economic model followed by her government and warned about certain opposition comments that, according to her, aim at encouraging “negative expectations” on the country’s economy, to later ease the way to economic budget cuts.

Cabinet chief Jorge Capitanich defended the “Digital Argentina” bill unveiled by the Executive to reform the telecommunications sector and rejected claims of it being a new stage in the battle against the Clarín media outlet. He stressed that it is designed “for the well-being of the Argentine people.”

• Gov’t seeks new era for telecoms

The president of the AFSCA media watchdog Martín Sabbatella has rejected claims that the bill drafted by the Executive to reform the country’s telecommunications implies substantial changes to the Media Law as it opens the possibility for providers to sell “triple play” packs.

A girl shot during a rampage at a Washington state high school last week that left two other girls dead along with the gunman has died from her wounds, Providence Regional Medical Center said.

The BBC has rejected Argentina’s request that it apologize over an episode of Top Gear filmed in the country that caused controversy due to an apparent allusion to the Malvinas War.

The Ebola epidemic has killed 4,951 people out of 13,567 infected in eight countries, the World Health Organisation has said, slightly revising downwards its figures for cases mainly due to "suspected cases in Guinea being discarded".

• Judge enforces isolation of Maine nurse

Supreme Court justice Eugenio Raúl Zaffaroni today submitted a resignation letter addressed to President Cristina Fernández de Kirchner in which he explained his decision responds mainly to the acceptance of constitutional norms.

The Luján River was coming down after having hit a 5.32-meter high. Still, concerns continue in the Buenos Aires province city with weather forecasts announcing more rains for the upcoming days.

• Over 1,000 people evacuated over floods

One person was killed and a second person seriously injured today in the crash of a Virgin Galactic passenger spaceship during a test flight in the Mojave Desert in California, CNN and CNBC reported, citing the California Highway Patrol.

"I still feel good enough and I still have enough joy and I still laugh and smile with my family and friends enough that it doesn't seem like the right time right now," Brittany Maynard says in a video released to CNN this week. "But it will come, because I feel myself getting sicker. It's happening each week."

Burkina Faso's military has dissolved parliament and announced a transitional government after violent protests against President Blaise Compaore, but it was not immediately clear who was in charge.

Roger Federer's hopes of finishing the season as world number one took a hit when the Swiss second seed was dumped out of the Paris Masters with a 7-6(5) 7-5 defeat by Canadian Milos Raonic.

It's Halloween time: light displays around the world


LatAm transport most unsafe for women

Latin American cities have the most dangerous transport systems for women with about six in every 10 women reporting being physically harassed. Buenos Aires City comes in as the sixth-worst city for women in the ranking.


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The machinegun agenda

Marcelo J. García

The machinegun agenda

The long and winding curb

Michael Soltys / Senior Editor / Economic Outlook

The long and winding curb

The Russian question

Andrés Federman

The Russian question

Guillermo Casarotti, founder of Inti Zen

The obstacle is the path

By Sorrel Moseley-Williams

With an urge to demonstrate his independence and explore the world from a young age, Uruguayan Guillermo Casarotti finished high school in the US and went backpacking around the world, much to his family’s horror. Guillermo lives in Pilar with his family and founded three companies that he currently runs, including Inti Zen tea.

• World Trade

Buenos Aires & Montevideo mulling to purchase dredge for River Uruguay

• On Sunday


Grupo ámbito ámbito financiero Docsalud Premium El Ciudadano El Tribuno Management

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