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Latin America Argentina

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  • NEW YORK, Aug 31- Argentina's central bank on Monday won the reversal of a U.S. court ruling that had allowed bondholders to try to hold it responsible for the country's obligations on debt that has been in default since 2002.. The 2nd U.S. Circuit Court of Appeals in New York overturned a 2013 ruling denying a bid by Banco Central de la República Argentina to...

  • As Argentina struggles, TV ad producers flock to Chile Wednesday, 26 Aug 2015 | 10:41 AM ET

    SANTIAGO, Aug 26- When the creators of an elaborate 2013 Cadillac commercial began to scout for shooting locations three years ago, they began in Argentina, where varied landscapes and creative talent had long attracted ad producers. Argentina demanded hefty deposits on all vehicles, cameras, and lights, and producers were unsure when- or even if- their imports...

  • WELLINGTON, New Zealand— New Zealand's national airline on Wednesday posted a 24 percent jump in annual profit after benefiting from lower fuel costs and continuing its expansion in Asia and North America. Air New Zealand announced after-tax profits of 327 million New Zealand dollars for the year to the end of June. The company said it plans to add routes to...

  • BUENOS AIRES, Aug 20- Argentine President Cristina Fernandez said on Thursday she was sending a draft law to Congress making it harder for the government to sell state stakes in local firms, two months before elections seen bringing a more market-friendly leader to power. With Fernandez barred from a third consecutive term, the two main candidates are her...

  • BUENOS AIRES, Aug 19- Argentine wheat output will likely fall this season after record storms lashed the Pampas grains belt, making it difficult for Argentina to compete in a global export market saturated by bumper harvests in western Europe and the Black Sea region. A key supplier of wheat to neighboring Brazil and the world's top exporter of soymeal...

  • Pope: Unemployment causes grave harm to society, family Wednesday, 19 Aug 2015 | 5:34 AM ET

    VATICAN CITY— Pope Francis is denouncing a global labor market that is interested only in profit and warning that unemployment causes enormous damage to society and families. Francis has been speaking out for months about different aspects of family life during his weekly general audiences. Francis, who worked part-time as a teen-ager in Buenos Aires, has...

  • BUENOS AIRES, Aug 12- Argentina's presidential front-runner wants to settle a financially hobbling suit with bondholders, woo new investors, cut inflation and could revise energy subsidies to put the country's fiscal house in order, his economic advisor said. A shift toward orthodoxy could help untangle Argentina's relationship with the global bond market...

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday with 36.8 percent, early results showed, with voters favoring the Buenos Aires governor's policy of gradual change after eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party and has...

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday with 36.3 percent, early results showed, with voters favoring the Buenos Aires governor's policy of gradual change following eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party, and...

  • BUENOS AIRES, Aug 9- Ruling party candidate Daniel Scioli was ahead in Argentina's presidential primary on Sunday, according to TV exit polls that showed voters tending toward the Buenos Aires governor's policy of gradual change after eight years of leftist government. Scioli is in outgoing President Cristina Fernandez's Front for Victory party, and has...

  • BUENOS AIRES, Aug 9- Argentina holds an open primary election on Sunday that will gauge the country's appetite for change after eight years of heavy state control of the economy and generous welfare spending under outgoing President Cristina Fernandez. The front-runner ahead of the Oct. 25 presidential election is Daniel Scioli, governor of Buenos Aires...

  • BUENOS AIRES, Aug 9- Argentina holds an open primary election on Sunday that will gauge the country's appetite for change after eight years of heavy state control of the economy and generous welfare spending under outgoing President Cristina Fernandez. The front-runner ahead of the Oct. 25 general election is Daniel Scioli, governor of Buenos Aires province...

  • BUENOS AIRES, Aug 5- For 13 years, a near blanket freeze on utility tariffs has pushed creaking power grids to the brink of collapse in Argentina's capital, stunting private investment and leading to regular outages when demand peaks. The firm expects a government led by either of the main candidates- the ruling party's Daniel Scioli and his more...

  • *Brazil, Argentina seen offering soybeans in peak U.S. season. SINGAPORE/ BEIJING, July 30- South America's soybean exports are on track to dominate sales to top buyer China for a record period this year, threatening to displace U.S. exports during what is traditionally the peak sales time for rival North American shipments. For more than a decade, China has sourced...

  • LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

  • BUENOS AIRES, July 24- Argentina's economic activity expanded by 2.2 percent in May compared with the same month a year earlier, its biggest monthly increase in 17 months and more than economists had expected, according to government data published Friday. Economic activity in Latin America's third biggest economy is picking up pace as President Cristina...

  • BUENOS AIRES, July 22- The front-runner in Argentina's presidential election campaign is unnerving investors with his silence over the country's notoriously inaccurate inflation reporting, while the second place candidate says data transparency would be a top priority. Buenos Aires Governor Daniel Scioli leads the campaign ahead of the Oct. 25 election.

  • BUENOS AIRES, July 22- Argentina is still struggling with a dearth of hard currency and mortgages but with a change of government later this year, investors at home and abroad are positioning themselves for a real estate market revival they say is already taking root. Local tycoon Eduardo Costantini says he launched a new gated community in his luxury Nordelta...

  • BUENOS AIRES, July 5- Argentina's business-friendly PRO party won Sunday's mayoral election in the capital Buenos Aires by 20 percentage points, but failed to capture enough votes to avoid a run-off with the No. 2 contender later this month, official returns showed. With 91.4 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing...

  • BUENOS AIRES, July 5- Argentina's business-friendly PRO party appeared to win Sunday's mayoral election in capital city Buenos Aires, a key electoral district, but not by a big enough margin to avoid a run-off vote later this month, early official returns showed. With 59 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing mayor and...