Ley Bases: what exactly did the Senate approve?
The Senate approved a modified version of President Javier Milei’s flagship reform bill known as Ley Bases in the early hours of Thursday. If approved, the bill modified by the Senate becomes law. Whatever deputies decide, there are articles of the bill that weren’t touched by the Senate and are thus guaranteed to be enacted. These are the key points of the Ley Bases as approved by the Senate. “All public companies are subject to privatization,” he said, referring to Milei’s presidential mega-decree that turned all public companies into limited companies in December, the first step toward privatization.
Source:Bueno Aires Herald
June 16, 2024 20:59 UTC
What we’re reading: Nazis, football history, and Jack Reacher
Book Day in Argentina is June 15 and we decided to celebrate it with a rundown of what our staff has been reading lately. With more characters than a Russian novel, the book doesn’t shy away from fine detail and is meticulously referenced. Meanwhile, another author gets famous by writing an exploitative “ghetto book.”So Monk decides to write his own as a parody. The novel’s structure is experimental: short poems and texts by Monk and his “parody novel” are included in full. Director Cord Jefferson adapted it into the Oscar-nominated movie American Fiction, which is not a bad film by any means.
Source:Bueno Aires Herald
June 16, 2024 02:17 UTC
Former Vélez Sarsfield players accused of sexual assault allowed parole
Former Vélez Sarsfield players Abiel Osorio, José Florentín, and Braian Cufré, who were accused in March of sexual assault and placed under house arrest in Tucumán, have been granted parole. The fourth player involved in the case, Sebastián Sosa, had been on parole since March. Judge Eliana Gómez Moreira, who dictated the house arrest on March 21, granted the players’ defense request that they be released, albeit under certain conditions. The players will be allowed to stay in their private homes but will have to return to Tucuman whenever they are needed for the investigation. Upon arrival at around 10 p.m., she found Cufré, Osorio, and Florentín were also in the room.
Source:Bueno Aires Herald
June 15, 2024 15:57 UTC
Argentina 'failed to prevent' AMIA bombing, Inter-American Court rules
The Inter-American Court of Human Rights said Friday that Argentina is responsible for “failing to prevent” the AMIA bombing. The state also failed in its “duty to investigate the attack and the ensuing coverup with due diligence and within a reasonable time frame,” the court added. The July 1994 bombing of the AMIA, a Jewish community center in Buenos Aires, killed 85 people and injured over 300. “30 years after the AMIA attack, we finally got a reparatory sentence,” the group wrote. “The obligation to guarantee personal integrity also presupposes the state’s duty to prevent violations of said right,” the text reads.
Source:Bueno Aires Herald
June 14, 2024 20:35 UTC
IMF to disburse US$800 million after Argentina’s eighth review approved
The International Monetary Fund (IMF) board of directors has approved the eighth review of its agreement with Argentina, which will allow for an US$800 million disbursement to the country. The international lender noted in a brief release Thursday evening that Argentina’s program was “firmly on track,” with all performance criteria met. Argentina’s government said in a statement that the Central Bank would lift the currency controls collectively known as the cepo (Spanish for “clamp”) — but only if doing so would not risk its progress fighting inflation and accumulating reserves. Economy Minister Luis Caputo and his team traveled to Washington to discuss a staff-level agreement with the fund in May. The communiqué said that, whereas the Fund required it to accumulate US$6 billion in net international reserves as of March 31, the Central Bank gained US$9 billion.
Source:Bueno Aires Herald
June 14, 2024 12:23 UTC
Second edition of Asia New Vision Forum will be held in Singapore from 25 to 27 September 2024
Second edition of Asia New Vision Forum will be held in Singapore from 25 to 27 September 2024AdvertisementSINGAPORE, June 13, 2024 /PRNewswire/ — The Asia New Vision Forum will hold its second edition in Singapore from September 25 to 27, 2024. Despite strong global economic headwinds, Asia continues to be both a cradle for innovation and a dynamic center for providing solutions. Hu Shuli, Chairwoman of Caixin Global and host of the Asia New Vision Forum said: “The inaugural Asia Vision Forum held last year successfully provided a platform for open and interactive dialogue between Asia and the world. We wish the second Asia New Vision Forum great success. For more information about the Asia New Vision Forum, please visit Asia New Vision Forum.
Source:The Bubble
June 13, 2024 19:25 UTC
Mining All Stars back up to $20 Million Investment in Power Nickel
Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) (“ITA“). Industry legend Rob McEwen has joined with several other leading mining investors in providing the investor buyback of the proposed $20 million $1.25 per Unit Flow Through financing for Power Nickel. Each flow-through common share will qualify as a flow-through share for purposes of the ITA. About Power Nickel Inc.Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nickel Nisk project into Canada’s first Carbon Neutral nickel mine. View original content to download multimedia:https://www.prnewswire.com/news-releases/mining-all-stars-back-up-to-20-million-investment-in-power-nickel-302171646.htmlSOURCE Power Nickel Inc.Disclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
June 13, 2024 19:19 UTC
Time to pay your debts: Goalkeeper’s Day is here
But who does it honor — and is there any way of escaping your debts? In Argentina, Goalkeeper’s Day is celebrated on June 12 for a simple reason: it’s Amadeo Carrizo’s birthday. The law making his birthday Goalkeeper’s Day in Argentina was introduced in 2011 by Rio Negro senator Jorge Banicevich. But why did people claim Goalkeeper’s Day would never come? Despite the prestige of Carrizo and others like World Cup winners Ubaldo Filliol and Nery Pumpido, goalkeepers haven’t been the biggest stars in Argentine football.
Source:Bueno Aires Herald
June 13, 2024 08:30 UTC
Lionel Messi: ‘I’m aware the finish line is getting closer’
Argentine football star Lionel Messi warned fans and journalists alike he knows he hasn’t got much left in the tank. “I enjoy everything a lot more, because I’m aware the finish line is closer and closer.” The Qatar 2022-winner opened up about his future in football with sports media outlet ESPN and confirmed Inter Miami will be his last club. The World Cup hero first started playing football aged four in his native Rosario, before signing with Newell’s Old Boys in 1994. I don’t think about it, I just try to enjoy it.”Asked if the Herons will be his last club, Messi agreed. “I try to enjoy the little details, because I’ll miss that once I stop playing,” he said.
Source:Bueno Aires Herald
June 13, 2024 07:33 UTC
Skanska divests rental residential project in Herlev, Denmark, for DKK 737M, about SEK 1.1 billion
AdvertisementSTOCKHOLM, June 12, 2024 /PRNewswire/ — Skanska has divested the multi-family rental project Hørkær Have in Herlev, Denmark, for DKK 737M, about SEK 1.1 billion. The transaction will be recorded in the Commercial Development stream in the second quarter of 2024. The transfer will take place in connection with completion, which is planned for the second quarter of 2025. The project is located in central Herlev near the train station and the upcoming light rail stations to Copenhagen. This information was brought to you by Cision http://news.cision.comhttps://news.cision.com/skanska/r/skanska-divests-rental-residential-project-in-herlev–denmark–for-dkk-737m–about-sek-1-1-billion,c3999383The following files are available for download:https://mb.cision.com/Main/95/3999383/2859290.pdf 20240612 DK divestment residential project https://news.cision.com/skanska/i/image-1—dk-hoerkaer-have,c3309530 Image 1 – DK Hoerkaer Have https://news.cision.com/skanska/i/image-2—dk-hoerkaer-have,c3309531 Image 2 – DK Hoerkaer Have https://news.cision.com/skanska/i/image-3—dk-hoerkaer-have,c3309532 Image 3 – DK Hoerkaer HaveView original content:https://www.prnewswire.com/news-releases/skanska-divests-rental-residential-project-in-herlev-denmark-for-dkk-737m-about-sek-1-1-billion-302170440.htmlSOURCE SkanskaDisclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
June 12, 2024 19:14 UTC
Making Science Group Announces Agreement to Acquire Outstanding 24% Interest in United Communications Partners
AdvertisementNEW YORK, June 11, 2024 /PRNewswire/ — United Communications Partners Inc. (“UCP“) (OTC Markets Group: UCPA) and Making Science Group, S.A. (“Making Science“) (BME Growth: MAKS) today announced the execution of a definitive agreement and plan of merger (the “Merger Agreement“) between UCP and Making Science Marketing & Adtech, SLU (“MSMA“), a wholly-owned subsidiary of Making Science. Pursuant to the Merger Agreement, MSMA will acquire all of UCP’s common shares not currently owned by Making Science and its affiliates in a merger transaction (the “Merger“). Making Science presently owns 1,231,881,346 shares of UCP’s common stock through MSMA and affiliates, representing a 76.14% interest in UCP. The execution of the Merger Agreement follows the review and approval of the terms of the Merger and the Merger Agreement by a committee of the independent directors of UCP (the “Independent Committee“). Completion of the Merger will be subject to approval by the stockholders of UCP in accordance with the requirements of Nevada merger law (the “Statutory Merger Shareholder Approval“).
Source:The Bubble
June 12, 2024 13:07 UTC
Caputo to seek new IMF agreement to lift currency restrictions
Those funds are a condition to lift Argentina’s international exchange restrictions, the minister added. The Fund is scheduled to review Argentina’s performance on Thursday, a routine assessment countries that take loans out with the IMF are subject to. The minister added that his team has had a proposal for a new deal with the Fund since August 2023. The restrictions were imposed in 2019 by then-President Mauricio Macri amid a currency run, and reinforced over Alberto Fernández’s presidency due to a shortage of international reserves. In a report published on Friday, consultancy Ecolatina put net international reserves at US$500 million.
Source:Bueno Aires Herald
June 12, 2024 11:51 UTC
US court finds banana giant Chiquita liable for financing Colombian paramilitaries
“Ultimately thousands of family members of victims have filed suit against Chiquita, and this is an ongoing process. Jurors ruled that Chiquita is liable for damages and suffering incurred by Colombian victims in this case. Chiquita has denied the charges in the current case, arguing that the payments to AUC constituted extortion and were made under duress. According to court findings, the company paid 3 cents on the dollar to AUC forces for each box of bananas exported from the country. But Chiquita executives admitted that these attacks were carried out by left-wing rebels rather than AUC forces, who never threatened Chiquita institutionally, according to court documents.
Source:Bueno Aires Herald
June 12, 2024 09:09 UTC
The Copa América kicks off in ten days. Here’s everything you need to know
The 2024 Copa América is around the corner as national teams from across the continent prepare for the biggest challenge of the year. Here’s everything you need to know to follow the Copa América. The Copa América could also be a generational turning point for the current world champs. The underdogsUnited StatesThe home team is always a favorite in international tournaments and this Copa América won’t be an exception. Coming into its fifth appearance at the Copa América, the U.S. is one of the Group C favorites.
Source:Bueno Aires Herald
June 11, 2024 22:18 UTC
YPF to sell 30 mature oil fields in order to focus on Vaca Muerta
YPF closed the stage of receiving offers for the sale of its mature conventional blocks, within the framework of what they are calling the Andes Project. According to the company, over 30 national and international companies were behind the more than 60 offers tendered for the oil fields. The Andes Project extends to 30 conventional areas grouped into 11 clusters in the provinces of Mendoza, Neuquén, Río Negro, and Chubut. “Argentina is currently inefficient with conventional [oil]; we are 50-50 with shale, and that’s why we are going to divest without breaking social peace. We want to reach an 80-20 in favor of non-conventional [oil],” an YPF source stated.
Source:Bueno Aires Herald
June 11, 2024 19:59 UTC