The US Supreme Court today declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors or risk a potential default. The high court left intact lower court rulings that ordered Argentina to pay. The government had previously warned it could default on its sovereign debt if required to pay in full.
Shares on the Buenos Aires Stock Exchange were in freefall today after the US Supreme Court's adverse ruling in the country’s case against to hedge fund creditors, the so called vulture funds.
Minutes after the US Court released its adverse verdict for Argentina in its legal dispute against hedge funds creditors, and in the wake of an official government statement, politicians took their reactions to Twitter.
After the adverse US Court ruling in Argentina’s legal dispute with the so called vulture funds, Buenos Aires province Daniel Scioli called for “patriotism” and urged all sectors to line up behind the national government.
UCR Party head Ernesto Sanz said the federal government should be “cautious” seeking to minimize the cost of the adverse US Court ruling over vulture funds dispute for Argentineans.
The International Monetary Fund cut its growth forecast for the United States today and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.
The United States is considering air strikes to help the Iraqi government fend off an Islamist insurgency as well as possible discussions with neighboring Iran, US Secretary of State John Kerry said.
By Fermín Koop
In an interview with the Herald, Environment Secretary Omar Judis insists Vaca Muerta will be exploited safely but acknowledges the country must develop specific legislation to ensure that unconventional hydrocarbons are developed safely.
US stocks edged higher today, supported by a flurry of merger news, but the advance was limited as investors kept a close watch on rising oil prices caused by turmoil in Iraq.
Cabinet Chief Jorge Capitanich arrived in Posadas, Mendoza province, for a “direct supervision” of the regions affected by floods in Paraná River coastal area today and to coordinate assistance with local authorities.
Suspended prosecutor is accused of malfeasance, interfering with federal investigation.
Hillary Clinton has told a German magazine the United States should follow Germany, where Angela Merkel is chancellor, and have a woman in charge.
Formula One ex-champion Michael Schumacher was admitted today to the University Hospital of Lausanne, in western Switzerland, after leaving a French hospital where he had been in a coma since a ski accident last December, a spokesman said.
President Cristina Fernández de Kirchner will deliver a televised speech tonight at 9 pm, according to a statement released by the Government House.
• Capitanich calls for prudence
The US dollar closed steady in banks and exchange offices in Buenos Aires City at 8.15 pesos, while the so called 'blue dollar' soared in value, trading 20 cents higher at 11.85 pesos.
Renewal Front’s lawmaker José Ignacio de Mendiguren said the US Supreme Court rejection of Argentina’s appeal in its legal dispute with vulture funds sends a “complicated message to the world” and warned about its negative impact for debt restructuring processes.
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