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  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • Investors welcome Argentina's swift offer to holdouts Saturday, 6 Feb 2016 | 12:14 PM ET

    BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri tabled a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina offered a $6.5 billion cash payment to creditors who hold its defaulted bonds on Friday, seeking to end a festering legal battle that transformed the country into a financial markets pariah. The turning point in the decade-long legal fight stemming from Argentina's record default on around $100 billion in 2002 comes less...

  • NEW YORK, Feb 5- Argentina's Finance Secretary Luis Caputo said he was returning to Buenos Aires from New York where he held groundbreaking talks this week with creditors suing the South American country over unpaid debt. Caputo made a proposal earlier on Friday to creditors that, if accepted, could end their decade-long battle in U.S. courts with Argentina and...

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina made a formal debt payment offer to U.S. creditors who hold its defaulted bonds on Friday, seeking to end a more than decade-long legal battle that transformed the South American country into a financial markets pariah. The offer, which asks creditors to take a reduced payment, followed five days of talks in New York between...

  • BUENOS AIRES, Feb 5- Argentina's new President Mauricio Macri and his finance minister showed "courage and flexibility" in dealing with the country's legal battle with creditors, the U.S. court-appointed mediator in the case said on Friday. Argentine officials in New York for talks with the creditors made a proposal on Friday to end the dispute, mediator Daniel...

  • BUENOS AIRES, Feb 5- Argentina presented a proposal on Friday to creditors to end their battle in U.S. courts over debt the country defaulted on in 2002, the Finance Ministry said in a statement. "The proposal implies a 25 percent cut" of the amount awarded by U.S. courts, the ministry said, after five days of closely watched talks in New York between Finance Secretary...

  • NEW YORK/ BUENOS AIRES, Feb 5- The mediator in Argentina's decade-long legal battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday after presiding over a week of intense talks in New York between the two sides. Argentina restructured nearly 93 percent of its defaulted debt in 2005 and 2010 swaps that gave creditors 25...

  • BUENOS AIRES, Feb 3- Argentine power distributor Edenor has said that the jump in power rates announced last week will not significantly alter the firm's revenue flows as the increase in tariff paid by the consumer replaces a government subsidy. The energy ministry last week set new seasonal prices charged to distributors in the wholesale electricity market...

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...

  • BUENOS AIRES, Feb 2- Argentina has reached a preliminary deal with a group of Italian creditors who hold unpaid sovereign debt stemming from Argentina's record $100 billion default in 2002, Finance Minister Alfonso Prat-Gay said on Tuesday. On Monday evening, Daniel Pollock, the New York- based mediator in the debt talks said the unresolved claims totaled...

  • BUENOS AIRES, Feb 2- Argentina has reached a preliminary deal with Italian holders of its defaulted debt, Finance Minister Alfonso Prat-Gay said on Tuesday. "We have reached a pre-agreement to settle the unpaid debt worth about $900 million," Prat-Gay told a news conference. The bonds held by the Italian creditors amounts to about 15 percent of the outstanding...

  • The Chilean Health Ministry says all three Zika cases reported Tuesday were contracted outside Chile. It says one person was infected while traveling in Venezuela, one in Colombia and one in Brazil. The World Health Organization says Zika is likely to spread to every country in the Americas where the Aedes aegypti is found.

  • NEW YORK/ BUENOS AIRES, Feb 1- Argentina's government returned to debt talks in New York on Monday, expecting to make an offer this week to U.S. creditors suing over unpaid bonds hoping to resolve a decade-long stand-off that has locked the country out of global capital markets. Newly elected President Mauricio Macri told Reuters at the World Economic Forum in...

  • *Soy, corn down as Argentina weather forecasts improve. Corn and soybeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina next week. "The bottom line is, world competition for wheat continues to be pretty stiff, and we are not getting any," said Tom Fritz, a partner with EFG Group in Chicago.

  • NEW YORK/ BUENOS AIRES, Feb 1- Argentina's government returned to debt talks in New York on Monday, expecting to make an offer this week to U.S. creditors suing over unpaid bonds in a bid to resolve a decade-long stand-off that has locked the country out of global capital markets. Newly elected President Mauricio Macri told Reuters at the World Economic Forum in...

  • BUENOS AIRES, Argentina— Argentina announced an end to subsidies on electricity bills Friday, and officials said the move will save the government $4 billion this year. The social tariff will benefit 20 percent of the 4.6 million electricity users in the Buenos Aires area, he said. Consumers in the Buenos Aires region have benefited most from the subsidies,...

  • BUENOS AIRES, Jan 29- Argentina's energy minister on Friday announced new power rates on the back of subsidy cuts that could see the bills of some consumers jump six-fold, saying that a near total freeze on tariffs in parts of the country had left the power grid "on the brink of collapse." Minister Juan Jose Aranguren said the government of newly-elected Mauricio...

  • GRAINS-U.S. soybeans hit one-month low on export woes Thursday, 28 Jan 2016 | 1:46 PM ET

    CHICAGO, Jan 28- U.S. soybean futures fell on Thursday, with the most-active March contract down 1.6 percent, the largest drop for soybeans in more than a month, after exporters canceled U.S. soybean sales to China. At the Chicago Board of Trade as of 12:30 p.m. CST, March wheat was down 4-1/ 4 cents at $4.72-1/ 4 per bushel, after hitting a one-month high earlier this week.

  • CHICAGO, Jan 25- Cargill Inc subsidiary Black River Asset Management LLC announced on Monday the spinoff of a private equity firm focused on food, agriculture, mining and metals investments primarily in developing countries. With more than $2.1 billion in assets under management, Minnesota- based Proterra Investment Partners is one of three independent...