Translation from English

Friday, October 3, 2014

Argentina- Buenos Aires Herald

Friday
October 3, 2014
In a week marked by sharp falls of the parallel dollar rates, amid fears of further controls in the city, the so called blue dollar which trades in the informal market ended 20 cents lower to 15.30 pesos. The blue-chip swap rate climbed one unit and 10 cents, closing at 15 pesos after opening 11 cents down.
• Markets plunge on Vanoli’s first day in office
The government today reacted to yesterday's remarks made by the president of the Supreme Court Ricardo Lorenzetti, in a speech delivered during a conference of judges in the coastal city of Mar del Plata.
• Lorenzetti praises new Civil Code
In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met President Cristina Fernández de Kirchner and Economy Minister Axel Kicillof in Olivos.
• Government submits Vanoli's appointment bill to Congress
Amid a legal battle with vulture funds and US judge Griesa's rulings blocking Argentina's payments to creditors, Cabinet Chief Jorge Capitanich today assured next debt payment deadlines will be met while predicting a drop in the level of indebtment until 2023.
President Cristina Fernández de Kirchner has admitted that her political project “must reinvent itself permanently.” as she unveiled a new housing program in Ezeiza, Buenos Aires province.
Cabinet chief Jorge Capitanich said that the mission of recently appointed Central Bank (BCRA) governor Alejandro Vanoli is to enforce the Bank’s charter, guaranteeing and encouraging "an environment that is favourable to economic activity, employment and investment.”
• Fábrega quits as Central Bank governor, Vanoli takes his place • Official most friendly with markets leaves
Argentina and the Inter-American Development Bank (IDB) have signed a credit agreement for US$1.2 billion for the rest of the year, Cabinet Chief Jorge Capitanich has informed.
By Luciana Bertoia
Federal Judge María Romilda Servini de Cubría made waves in the human rights community again yesterday when she summoned the man who raised Ignacio Guido Montoya Carlotto and the medical doctor who allegedly forged his birth certificate to testify as suspects of the baby-snatching case involving Grandmothers of Plaza de Mayo president Estela Barnes de Carlotto’s grandson.
A Swiss Red Cross worker was killed by a shell that landed near the international organisation's office in Ukraine's separatist-held city of Donetsk, a Red Cross spokeswoman said.
Up to 100 people may have had direct or indirect contact with the first person diagnosed with the deadly Ebola virus in the United States, and four people have been quarantined in a Dallas apartment, health officials have said.
• Five students had contact with US patient
Cabinet chief Jorge Capitanich praised the Congressional approval of the Civil and Commercial code reform and explained it will be effective starting January 1, 2016.
• Civil and Commercial Code passed into law
Turkey's parliament has authorised the government to order military action against Islamic State as the insurgents tightened their grip on a Syrian border town, sending thousands more Kurdish refugees into Turkey.
Cabinet chief Jorge Capitanich highlighted Brazilian statistics that reveal a favourable trade balance for Argentina and forecasted an export surplus for the 2014-2015 campaign.
Islamic State militants fighting in Iraq and Syria released a video today that purported to show the beheading of a man it identified as British citizen Alan Henning.
• Obama 'strongly condemns' ISIS killing
Fresh scuffles broke out between Hong Kong pro-democracy protesters and opponents of the week-long demonstrations, reigniting concerns that the Chinese-controlled city's worst unrest in decades could take a violent turn.
• Clashes break out away from Central protest
Cristian Girard was appointed today as the new head of the CNV (National Values Commission) in replacement of Alejandro Vanoli who was designated Central Bank governor.
The CNV securities regulator has suspended Mariva Bursátil S.A., one of the two financial institutions accused of “suspicious movements” by president Cristina Fernández de Kirchner on Tuesday that were inspected by the CNV and the Office of Economic Crime and Money-Laundering (PROCELAC) yesterday.
• CNV targets Balanza Capital, Banco Mariva
US District Judge Thomas Griesa has enabled JP Morgan to process a one-off payment on US dollar-denominated bonds issued under Argentine law.
River Plate fans who managed to get tickets through the on-line system must feel lucky, as there were no more left less than five minutes after they were available for sale.
Napoli's Marek Hamsik enjoyed a memorable return to his former club Slovan Bratislava, scoring one and creating another for Gonzalo Higuaín in a 2-0 victory. Mauro Icardi also netted as Inter beat Qarabag by the same margin.
Robert Serra, a young "Chavista" ruling party lawmaker, died after being stabbed in his home in Caracas in an "intentional homicide," government officials said, in Venezuela's latest high-profile violent crime.
The Argentine Association of Car Sellers (ACARA) has reported that the sale of new cars plummeted 31 percent in September compared to the same period last year, with 58,516 units leaving showrooms.
Four inmates of Correctional 1 in Corrientes City escaped through a tunnel they built using a kitchen spoon. Three of them were captured soon after the break out but one managed to flee.
Despite the rally, however, major indexes ended down for the week, with the first diagnosis of Ebola in a patient in the United States and protests in Hong Kong among the main catalysts for sharp selling earlier in the week.
Ecuador has apologized to an indigenous community for authorizing oil drilling on ancestral land without their permission.



At the request of many readers who could not grab it at kiosks, the Anniversary Supplement to celebrate the 138 years since the Buenos Aires Herald’s foundation, is included once again today as part of our regular edition.


BBC programme top gear

‘Malvinas plate’ controversy

Municipal authorities in Ushuaia, Tierra del Fuego province, have denied requests by the wildly popular BBC programme Top Gear to film in public spaces on the grounds that cars used by Jeremy Clarkson’s team have licence plates that allegedly allude to the 1982 Malvinas War.

MARKETS ONLINE

CurrenciesBUYSELL
Dollar (Official price) DOLLAR (Official price) $ 8,430 $ 8,480
Dollar Blue price) DOLLAR ("Blue" price) $ 15,20 $ 15,30
Euro EURO $ 10,900 $ 11,350
Pound POUND $ 13,454 $ 13,534
Indices
Merval MERVAL $ 11.419,410 $ 6,69
Dow Jones DOW JONES $ 17.009,690 $ 1,24
Bovespa BOVESPA $ 54.539,550 $ 1,91
Full MARKET coverage HERE





The plot thickens

Michael Soltys / Senior Editor / Economic Outlook

The plot thickens

Idealism or diversion?

Andrés Federman

Idealism or diversion?


Casting away sins

Picture of the Week.

At meeting with business tycoons and two argentine presidential contenders

Lacalle Pou: Mercosur should not operate as Customs union

By Sebastián Lacunza
Big business and two prominent opposition leaders welcomed Uruguay’s presidential hopeful Luis Alberto Lacalle Pou (National/White Party, centre-right NP) to the Alvear Hotel yesterday.

By David Z. Hambrick & John M. Henderson
Overwhelming scientific consensus suggests geniuses are born not nurtured.

• World Trade

Experts at odds on Brazilian vote influence on Mercosur trade bloc

• On Sunday

How the Republican Party forgot its roots

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