Argentina looks for 2nd law firm to resolve lawsuit over debt

BUENOS AIRES Dec 28 Argentina's new government is shopping around for a second law firm to help resolve the country's longstanding battle with creditors suing it over its unpaid debt, a source in the economy ministry said on Monday.The center-right government of Mauricio Macri will publicly launch its search on Tuesday for a new firm based in New York City to work together with Cleary Gottlieb Steen Hamilton LLP, said the source, who spoke on the condition of anonymity. Argentina Read more [...]

From Paraguay to the US, Australia to Spain, El Niño brings Christmas chaos

Weather and climate are, of course, very different things. But the sheer concentration of extreme weather events around the world over the Christmas period has lent yet more weight to the idea that the world’s climate is changing, even if the effects are currently exacerbated by the effects of El Niño. Thousands of homes in the north of England have been affected by severe flooding, some for the second or even third time in the past few years. Related: More than 100,000 flee El Niño flooding Read more [...]

Argentina’s Macri Makes $500B Shale Oil Investment, Among Other Changes

By Teresa RivasArgentina’s President Mauricio Macri is making a number of changes in his attempt to right the South American nation’s economy, from making government data more reliable and accurate to investing a half a billion dollars in shale oil. Marcos Brindicci/Reuters Argentina’s President Mauricio Macri Although Macri’s presidency is still in its infancy, and pundits are far from unanimous about the impact of his policies, he hasn’t shied away from making big Read more [...]

Argentina to Pay for 66% of House Damage After Heavy Floods – President

MEXICO (Sputnik) — On Sunday, Macri visited the city of Concordia in the province of Entre Rios, which has been the most affected by heavy rains that had hit four South American countries on December 18. "We need to make final decisions, the government will pay for about 66 percent of the flood damage to reconstruct buildings," Macri said, as quoted by the La Nacion news portal. According to the Argentinian president, the authorities will also allocate some $1.4 million to increase Read more [...]

Argentina’s New President Moves Swiftly To Shake Up The Economy

Argentina’s New President Moves Swiftly To Shake Up The Economy Details Published on Monday, 28 December 2015 09:11 Argentina's new president, Mauricio Macri, whose devaluation of the peso has eroded salaries. Credit Jorge Adorno/ReutersBUENOS AIRES: Mauricio Macri clinched Argentina’s presidency last month by tapping into voters’ fatigue with a leftist political movement that had governed for more than 12 years. Campaigning on a platform of change, and promising to unite Read more [...]

Remembering when Arsenal were champions of Argentina

Arsenal may have gone through an eleven year title drought. But their Argentinian ‘little brother’ has enjoyed much more recent success. (Well not really a little brother, or even a distant cousin, since the two clubs bear no relation to each other.) Far from the Emirates, Arsenal de Sarandi play in the 18,000 capacity Estadio Julio Grondona, named after the man who founded them in 1957. Located outside Buenos Aires, the windswept ground is so ugly and soulless Read more [...]