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Spanish oil company Repsol sue Argentina for more than 20 billion dollars in international courts, following the expropriation of the majority stake in YPF, ready in May 2012.
The national government will pay 667 million dollars to ‘normalize debts’ with companies that filed lawsuits against the national state from the economy minister Hernan Lorenzino approved model agreement on firm ruling issued by arbitration tribunals.
The U.S. Supreme Court dismissed the first appeal Monday of Argentina on a lower court ruling ordering it to pay hedge funds that bought some bonds of the country’s debt after it was declared in default of payment in 2001. The judges did not comment on their ruling.
The U.S. Supreme Court on Monday to meet again amd could decide to accept the appeal of Argentina around the vulture funds trial.
The national government announced a 100 percent increase in turnover levels of single tax regime, which are effective from the first day of this month.
Vulture funds who sued Argentina for the defaulted debt, asked the New York judge Thomas Griesa to suspend a hearing between the parties that was scheduled for today in the city.
A key week between the government and Lan Argentina due to the hangar at Aeroparque. When the Chilean company plans to file an injunction before the court, the aeronautical unions threatened strikes if there are layoffs.
According to the National Institute of Statistics and Census (INDEC), inflation in July was 0.9%, with the price freeze plan in operation. The official measurement is one third of that estimated by private consultants, which argue that the freeze on 500 products promoted by the government failed. For the INDEC, the annual measure is 10.6% [...]
From today, the minimum service of taxis in Buenos Aires city will increase from 9.10 to 10 pesos, and the progressive increment in the trip will be 1 peso, union sources said.
President Cristina Kirchner announced that the new minimum wage will be 3600 pesos, which represents an increase of 25.2%.
The American Task Force, a U.S. association that claims for the Argentina defaulted debt, described the country as a “new drug state” under the confrontation it has with the Casa Rosada to collect defaulted bonds.
The House Estate Argentina (CIA) issued a statement confirming that “CEDIN, certificates to be delivered to the passage of money laundering Act will be exchanged for dollars at the same time of the property deed, as it was claimed from the industry.”
Subsidies granted by the State to the national energy sector increased by almost 76 percent in the first quarter of the year compared to the same period of 2012 and amounted to 17.262 million pesos, according to a private report.
The parallel dollar had an atypical day at the end of the week. The operators spoke of pressure from the government that led them to freeze the last value operations at $ 10.05.
After playing at noon a roof of $ 9.98, the blue dollar saw a brief breath and closed at $ 9.84 for the buyer and $ 9.88 for the seller.
It is the second increase so far this year, after applied last January when it was around 4 percent on average.
Parallel Dollar recorded a new historical value as it climbed to $ 9.20 and is called the ‘Messi-dollar’
The parallel dollar reported an increase of 26 cents in a day. So far this year it builds up 30 percent.
The dollar traded in the parallel market, called Blue, reached a new record today, to be above the 8.75 pesos, its latest brand high.
The businessman Cristobal Lopez who in 2011 bought the San Lorenzo refinery to Petrobras over 365 stations, now made an offer to stay with 51% of its assets in the country, in the area of food.
The Federation of Chambers of Argentina Malls (Fedecamaras) today called for a boycott of banks and credit cards for financial institutions to get down the fees apply to businesses.