Bloomberg news agency reported on Tuesday that three funds - Palladian Partners LP, HBK Master Fund LP and Hirsh Group LLC - filed a lawsuit against Argentina in August in London courts as they believe the country "altered" the GDP estimate in 2013 to avoid triggering the payment of the bond called Cupon PBI. The report indicates that the three vulture funds claim to have credits for 6.1 billion euros without specifying the amount of the claim.
The leader of the Techint Group, Paolo Rocca, criticised the Chinese actions in the world market and proposed that the steel industry be strengthened through MERCOSUR, during the inauguration of the 60th Congress of the Latin American Steel Association (ALACERO).
Argentine companies listed in New York were devalued by almost $ 30.2 billion during the election period, according to the newspaper La Nación. Between August 9 and November 1 - that is, before the primary and after the general elections - shares of Argentine companies listed on Wall Street lost up to 71% of their market capitalization.
The Appeals Court of the Second Circuit of New York dismissed a demand for $ 70 million from the speculative funds Attestor Value, Bybrook Capital, Bybrook Hazleton, Trinity Investment and White Hasthorne, in claims related to the GDP Coupon Bond.
The Federal Public Revenue Administration (AFIP) extended until November 30 the deadline for micro, medium and small businesses to avoid embargoes for their tax debts.
Four of the most important companies in Argentina announced that executives who are the number one of their structures leave their positions: Gabriel Martino (HSBC Argentina), Federico Rava (Telefónica Movistar), Carlos Moltini (Telecom), and Enrique Cristofani (Santander). In the press releases and informal talks, they ensure that the movements are not related to the arrival of Alberto Fernández to power.