Issuers jostle for attention in crowded market
Friday, July 15, 2016 Issuers jostle for attention in crowded marketTraders are seen working at the Buenos Aires stock market in a file photo. In contrast, a seven-year non-call four from Petrobras Argentina proved popular among accounts who liked the US$500 million benchmark size. At that level, Petrobras Argentina is pricing near flat to YPF’s curve where, according to Thomson Reuters data, the 2024s and 2025s are trading at around 7.20 percent and 7.55 percent. Banco Galicia, rated B3/B-, tested the waters with a US$250m 10-year non-call five — the country's first-ever Basel III compliant, Tier 2 bond. Proceeds from yesterday’s bond will help Petrobras Argentina fund a tender for existing 2017s, whose change of control clause will be triggered on the back of Pampa Energia's acquisition.
Source:Bueno Aires Herald
July 15, 2016 05:58 UTC
Thousands protest rate hikes across country
Friday, July 15, 2016 Thousands protest rate hikes across countryA woman with a banner saying “no to the rate hikes” and “goodbye Aranguren” is pictured in yesterday’s protest. President Mauricio Macri faced yesterday the largest demonstrations against his administration yet, as sizeable crowds gathered in dozens of public squares and intersections decrying the steep rate hikes instituted by the government over the last few months. “In some regions with terrible temperature conditions there were hikes of up to a thousand percent,” he said. But Aranguren still has the backing of the president, and changes in the cabinet are not seen as likely in the short term. No single massive crowd was seen in the streets as in the country’s most historic political protests of the past, but overall thousands gathered in a more sparsely fashion across different local hubs.
Source:Bueno Aires Herald
July 15, 2016 05:58 UTC
Brazil deputies pick Temer ally as speaker
Friday, July 15, 2016 Brazil deputies pick Temer ally as speakerLawmaker Rodrigo Maia (centre) reacts after being elected as the speaker of Brazil’s Lower House in the National Congress in Brasilia, yesterday. Some might be unpopular in the short run, but with these (measures) Brazil can be better within five years,” Maia said. Within the party, Maia rose by strongly advocating for and winning a party re-branding. Congressional support for unpopular measures such as pension reform, which requires a super majority of 308 representatives to amend the Constitution, remains uncertain. Maia won 285 votes against 170 for Rogério Rosso, who is closer to Temer and to disgraced former speaker Eduardo Cunha.
Source:Bueno Aires Herald
July 15, 2016 05:58 UTC
University ranking prompts local outcry
Credibility of latin american list put in doubt Friday, July 15, 2016 University ranking prompts local outcryThe University of Buenos Aires (UBA) did not make the list published by the Times Higher Education (THE). Argentina dominatesother surveysMeanwhile the university ranking company was questioned as to why no Argentine universities appeared on the list. It is the first time that THE has conducted and published university rankings in a list solely featuring Latin American countries. “Several Argentine universities submitted data but did not make the ranking,” she said. But it is impossible that there are no Argentine universities in a serious rankings list,” Capitelli said.
Source:Bueno Aires Herald
July 15, 2016 05:58 UTC
Moyano begins long farewell from CGT
Friday, July 15, 2016 Moyano begins long farewell from CGTCGT boss Hugo Moyano began his long farewell from the leadership of the umbrella union yesterday with a surprise announcement that he would be staying on until August 22 — the date set for the reunification of all three splinter groups — while at the same time accepting praise from his colleagues and criticizing the Mauricio Macri government. Moyano received warm applause from unions leaders as he gave his final speech to union conference, saying that “we will continue to fight for the interests and rights of workers, no matter whom we have to fight against.”
Source:Bueno Aires Herald
July 15, 2016 05:58 UTC
AFA announces final list of players
Friday, July 15, 2016 AFA announces final list of playersStriker Calleri leaves São Paulo and joins national squadThe Argentine Football Association (AFA) announced yesterday the final 18-player list for the under-23 national squad that will compete in the Olympic Games in Rio de Janeiro next month. Striker Calleri, who played his last match in São Paulo of Brazil on Wednesday, will be one of the last players to join the squad. The former Boca Juniors’ forward was called up for the national team after Villarreal did not allow Luciano Vietto to join the squad. Calleri, 22, scored in Wednesday’s match against Atlético Nacional of Colombia in the Libertadores Cup semifinal, but São Paulo was eliminated after losing 4-1 on aggregate. Also, four players were chosen as alternatives in case some of the 18 players suffer an injury: goalkeeper Ezequiel Unsain, defender Nicolás Tripicchio, midfielder Martín Benítez and forward Cristian Pavón.
Source:Bueno Aires Herald
July 15, 2016 03:00 UTC
Truck plows into crowd in Nice, France: at least 60 killed, 100 injured, driver dead
"Dear Nicois," local mayor Christian Estrosi tweeted, "The driver of a truck appears to have killed dozens of people. Almost exactly eight months ago Islamic State militants killed 130 people in Paris. US government agencies have received constant reports of Islamic State threats to attack France and those threats are regarded as current, a U.S. security official said. CNN said it has spoken to a witness, identified as an American pilot, who saw the truck ramming the crowd. Regional newspaper Nice Matin quoted its reporter at the scene saying there were many injured people and blood on the street.
Source:Bueno Aires Herald
July 14, 2016 21:33 UTC
Food Must Not Be Thrown Away ‹ The Argentina Independent
The issue of food waste is increasingly recognised as a severe global problem, with some 1.3bn tonnes of food produced for human consumption lost each year. Celebrity chef Narda Lepes has launched several youtube videos in order to advise on different ways to cut down on food waste and loss. “At the start the idea was for the social fridge to stock the food we no longer needed as a business. It’s a simply a fridge.” Yet he states the the social fridge aims to go as far as possible, “to distribute social fridges as we receive them. In Ciudadela, a gritty suburb just outside the capital, a social fridge is now operating outside a school.
Source:The Argentina Independent
July 14, 2016 18:00 UTC
Officially unauthorized outposts
Since Israel came under increased international pressure in the 1990s to stop establishing new settlements, about 100 officially unauthorized outposts have been founded in the Israeli-occupied West Bank. In that time, Shiloh outposts have become ringed with “circles of violence,” said Yesh Din spokesman Gilad Grossman. But for Palestinians — who face an Israeli bid to confiscate hundreds of acres near Shiloh outposts, Yesh Din says — the appearance of a lone trailer is ominous. Thursday, July 14, 2016 Officially unauthorized outpostsPalestinian farmer Rabah Ali, 49, stands in front of a dead horse he said was dumped on his land by settlers of Adi Ad, an unauthorized outpost behind him that is seeking legal status. Esh Kodesh is one of five outposts seeking Israeli recognition as neighbourhoods of the authorized settlement of Shiloh, Katsof said.
Source:Bueno Aires Herald
July 14, 2016 07:03 UTC
Scheduled appearance by Aldo Rico widely criticized
Rico provoked controversy over the Bicentennial weekend when he attended Saturday’s Independence anniversary parade on Del Libertador Avenue in BA City, a move repudiated by leading veterans organizations including the MECOMA group for conscripted Malvinas War veterans. Defence Minister Julio Martínez, a Radical (UCR) leader like Alfonsín, said he was not aware that Rico would be in attendance. Thursday, July 14, 2016 Scheduled appearance by Aldo Rico widely criticizedThe announcement that former lieutenant-colonel Aldo Rico would attend a memorial service for Malvinas War veterans in Granadero Baigorria, Santa Fe province tomorrow provoked anger and repudiation from veterans groups, political parties and human rights organizations alike yesterday, as they slammed the military man’s ties to dictatorship-era repression and the failed Carapintada military coup he led against former president Raúl Alfonsín’s government in 1987. It was signed by the Socialist (PS) party of Baigorria, the Evita Movement, Victory Front (FpV) youth group La Cámpora and a local teachers’ collective among other organizations. Herald with Télam
Source:Bueno Aires Herald
July 14, 2016 05:42 UTC
Second half or extra time?
Thursday, July 14, 2016 Second half or extra time? As a beacon of optimism, the “second half” already seems to be over before mid-July and just a couple of days after the Bicentennial weekend. Not the ideal start for a “second half” which was supposed to have inflation trending downward to and below a monthly two percent. Plenty of gloom and doom, then, to suggest that the “second half” is over before it has begun but perhaps we should wait until the second half of the year after all — these next six months are sure to be a failure when measured against the expectations of the first half of 2016 but could end up looking quite good when compared to the current mood. It was always assumed that industrial take-off would have to await the advent of investment (in the “second half” at the earliest and probably beyond) but from the moment Macri came to office, both sides of the trade ledger were supposed to expand.
Source:Bueno Aires Herald
July 14, 2016 05:41 UTC
Women take centre stage in British politics
Thursday, July 14, 2016 Women take centre stage in British politicsBy Stephanie BakerBloombergAfter male politicians led the UK into “Brexit,” women are taking centre stage to clean up the mess. Theresa May haso become the UK’s second female prime minister and promised to take Britain out of the European Union. For the Labour opposition the figure is 43 percent, in part because the party has fielded only women candidates in some constituencies. In the private sector, there are six female chief executive officers at FTSE-100 companies and women hold 26 percent of board seats. Despite May’s success and the campaigning to get more female politicians selected, almost 26 years after Margaret Thatcher quit as PM women make up only 21 percent of Conservative parliament members.
Source:Bueno Aires Herald
July 14, 2016 05:41 UTC
INDEC posts 3.1% increase for June, with core stat rising
The key food and beverages category saw price increases in line with overall inflation, 3.1 percent. In June, core inflation stood at three percent, up from 2.7 percent in May. Thursday, July 14, 2016 INDEC posts 3.1% increase for June, with core stat risingIndec’s director Jorge Todesca is seen talking to reporters at the bureau’s headquarters in this file photo. For months now the government has been predicting a decline in core inflation, but so far the road has been bumpy, with ups and downs. Overall inflation meanwhile, was down by 1.1 percentage points when compared to May, when price hikes amounted to 4.2 percent.
Source:Bueno Aires Herald
July 14, 2016 05:37 UTC
New UK PM Theresa May names Brexit Cabinet
Thursday, July 14, 2016 New UK PM Theresa May names Brexit CabinetBritain’s Prime Minister Theresa May and husband Philip pose for the media outside Number 10 Downing Street, in central London, yesterday. LONDON — Theresa May became Britain’s prime minister yesterday, tasked with the unenviable challenge of leading the United Kingdom out of the European Union. ‘Burning justice’May will be Queen Elizabeth’s 13th prime minister in a line that started with Winston Churchill. “Brexit means Brexit” has quickly become her new mantra. Now!”The United States congratulated May and said it was confident in her ability to steer Britain through the Brexit negotiations.
Source:Bueno Aires Herald
July 14, 2016 03:11 UTC
A glimpse at cultures from the other side of silence
Gabriel: We want people to know about the cultures that live on the other side of silence. It’s a lot of work, and our main goal is to show how eroticism finds expressions in different cultures throughout the centuries. In our culture, eroticism is stigmatized because it’s associated with pornography. Women are revered in every ancestral culture. In some cultures, like in the pygmies’ culture, there are specific chants for sexual initiation, for kissing and even for oral sex.
Source:Bueno Aires Herald
July 14, 2016 02:48 UTC