Hugh's Feed
Aug 27, 2015

Judge delays U.S. extradition request for Argentina FIFA defendants

BUENOS AIRES (Reuters) – An Argentine judge has suspended the U.S. extradition request for Hugo and Mariano Jinkis, who are wanted as part of the FIFA graft scandal that has rocked world football over the last three months, according to court papers seen by Reuters on Thursday.

The sport was thrown into turmoil in May when U.S. authorities announced an indictment saying 14 men corrupted football’s world governing body by agreeing to more than $150 million (97.30 million pounds) in bribes and kickbacks for media and marketing rights.

Aug 27, 2015

Extradition of Argentine FIFA defendants put off for 30 days -state news agency

BUENOS AIRES, Aug 27 (Reuters) – An Argentine judge has suspended the extradition of Hugo and Mariano Jinkis, who are wanted by the United States as part of the FIFA graft investigation that has rocked world soccer over the last three months, state news agency Telam said on Thursday.

The sport was thrown into turmoil in May when U.S. authorities announced an indictment saying 14 men corrupted soccer’s world governing body by agreeing to more than $150 million in bribes and kickbacks for media and marketing rights.

Aug 25, 2015

Ballot burning in Argentine province adds to Scioli headaches

BUENOS AIRES (Reuters) – Argentine presidential candidate Daniel Scioli emerged as front-runner in primary elections this month but has struggled to build momentum, hampered by floods in his home province and the burning of ballots in a local election won by a candidate from his party.

Club-wielding mounted police broke up protests Monday night in the tiny northern province of Tucuman where witnesses say ballots from 42 voting stations were burned after Sunday’s governor’s election.

Aug 19, 2015

Argentine wheat supply seen hit by floods, cuts in planting

BUENOS AIRES, Aug 19 (Reuters) – Argentine wheat output will
likely fall this season after record storms lashed the Pampas
grains belt, making it difficult for Argentina to compete in a
global export market saturated by bumper harvests in western
Europe and the Black Sea region.

A key supplier of wheat to neighboring Brazil and the
world’s top exporter of soymeal livestock feed, Argentina is one
of a handful of key international food suppliers at a time when
both global demand and weather-related risks are rising.

Aug 12, 2015

Argentine front-runner Scioli would seek bond holdout deal: advisor

BUENOS AIRES (Reuters) – Argentina’s presidential front-runner wants to settle a financially hobbling suit with bondholders, woo new investors, cut inflation and could revise energy subsidies to put the country’s fiscal house in order, his economic advisor said.

Buenos Aires Governor Daniel Scioli may represent the party of outgoing President Cristina Fernandez, whose currency and trade controls have slowed the economy, but his policies may veer away from hers if he wins the October election.

Aug 10, 2015

Official candidate Scioli leads Argentine presidential primary

BUENOS AIRES (Reuters) – Ruling party candidate Daniel Scioli was ahead in Argentina’s presidential primary on Sunday with 36.3 percent, early results showed, with voters favoring the Buenos Aires governor’s policy of gradual change following eight years of leftist government.

Scioli is in outgoing President Cristina Fernandez’s Front for Victory party, and has promised to slowly modify her policies, which include heavy state control of the economy.

Aug 9, 2015

Argentina to define post-Fernandez era in presidential primary

BUENOS AIRES, Aug 9 (Reuters) – Argentina holds an open
primary election on Sunday that will gauge the country’s
appetite for change after eight years of heavy state control of
the economy and generous welfare spending under outgoing
President Cristina Fernandez.

The front-runner ahead of the Oct. 25 presidential election
is Daniel Scioli, governor of Buenos Aires province and a member
of Fernandez’s party. Running second is Mauricio Macri, the
business-friendly mayor of the capital city who wants to do well
enough in the October vote to force a November run-off.

Aug 9, 2015

Argentines choose post-Fernandez path in presidential primary

BUENOS AIRES (Reuters) – Argentina holds an open primary election on Sunday that will gauge the country’s appetite for change after eight years of heavy state control of the economy and generous welfare spending under outgoing President Cristina Fernandez.

The front-runner ahead of the Oct. 25 general election is Daniel Scioli, governor of Buenos Aires province and a member of Fernandez’s party. Running second is Mauricio Macri, the business-friendly mayor of the capital city who wants to do well enough in the October vote to force a November run-off.

Aug 6, 2015

Argentina cuts shale drilling costs but no new joint ventures expected

BUENOS AIRES, Aug 6 (Reuters) – Argentina needs $200 billion
in investment to develop its vast but barely tapped shale
fields, but no joint ventures were expected soon because of low
oil prices and uncertainty ahead of a presidential election,
state oil company YPF said on Thursday.

YPF, nationalized in 2013, is improving drilling
efficiency and developing its Vaca Muerta shale formation in
Patagonia so that international companies will invest once
prices recover, Chief Financial Officer Daniel Gonzalez said in
a conference call with investors.

Jul 22, 2015

Don’t Lie To Me Argentina: False inflation data to end next year?

BUENOS AIRES (Reuters) – The front-runner in Argentina’s presidential election campaign is unnerving investors with his silence over the country’s notoriously inaccurate inflation reporting, while the second place candidate says data transparency would be a top priority.

Official recognition that Argentina has one of the world’s highest inflation rates would help improve a business climate tattered by heavy government controls and repeated sovereign debt defaults.