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  • BUENOS AIRES, May 7- Hedge funds suing Argentina over its defaulted debt have had some funds in the country's Belgian diplomatic bank accounts frozen in a bid to pressure a settlement in the dispute, a move Buenos Aires described as "attempted extortion" and illegitimate. Argentina restructured most of that debt in 2005 and 2010, giving holders around 30 cents on...

  • The places close to USA where China is winning Wednesday, 6 May 2015 | 1:34 PM ET
    China's President Xi Jinping, left, is welcomed by his Brazilian counterpart Dilma Rousseff at Planalto Palace on July 17, 2014 in Brasilia.

    "The Chinese government hopes to develop itself on par with (the United States), Europe and Russia as an international leader," says one expert.

  • BUENOS AIRES, May 5- Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the powerful CGT dock-workers union debated whether to join work stoppage. If the soyoil workers strike spreads to other unions representing stevedores at Argentina's key grains hub of...

  • Cramer: Quit crying! This group's ready for buying Friday, 1 May 2015 | 6:29 PM ET
    Wholesale

    Jim Cramer has had enough crying about the economy. This group just bottomed, and is ripe for buying.

  • BUENOS AIRES, April 24- Argentina's central bank is ramping up issuance of short-term debt to soak up pesos and contain one of Latin America's quickest inflation rates, but risks creating another financing headache for the next government. This is helping mop up some of the liquidity resulting from President Cristina Fernandez's expanding the money supply...

  • BUENOS AIRES, April 23- Argentina's state energy company YPF said it had sold $1.5 billion of new 10- year bonds at 8.5 percent on Thursday, raising its planned issuance from $500 million on the back of strong demand. YPF needs to raise cash to invest in its vast but barely tapped Vaca Muerta shale oil and gas formation in order to reverse Argentina's energy sector...

  • District Judge Thomas Griesa in Manhattan said the funds can seek documents from Argentina and banks including Deutsche Bank AG related to Tuesday's $1.4 billion bond sale to determine if any assets exist in the United States that could satisfy billions of dollars in unpaid judgments. The ruling applies to Argentina and banks subscribed to the offering,...

  • Judge Thomas Griesa came in response to a request by holdout investor NML Ltd, an affiliate of hedge fund Elliott Management, that Deutsche Bank turn over details of the U.S. dollar-denominated debt offering held this week.

  • BUENOS AIRES, April 21- Cash-strapped Argentina sold $1.4159 billion worth of local law Bonar24 bonds in a top-up on Tuesday, receiving bids for more than three times the amount on offer, the Economy Ministry said. The results also show that, facing low foreign reserves, Argentina can issue paper to finance itself, albeit at high yields. Argentina has sought to...

  • LANUS, Argentina, April 14- Daniel Scioli, the front-running candidate for the ruling party ticket in Argentina's presidential election, has a new buzz word: "gradualismo," or "gradual change." Scioli, a 58- year-old former power boat champion who lost his right arm in a crash in 1989, is governor of Argentina's most populous province, Buenos Aires.

  • Brazil to Mexico: Latin America's image problem Wednesday, 8 Apr 2015 | 10:56 AM ET
    Dilma Rousseff, president of Brazil

    Leaders in Brazil, Mexico, Venezuela, Chile and elsewhere in Latin America are facing a choice: Clean up — or they'll be out.

  • The hedge funds, dubbed vultures by Argentina's leftist government, argued the court could not hear an appeal until Griesa sanctions Argentina, something the Manhattan judge has yet to do. Argentina indicated it was prepared to take its case to an international court if Griesa took further measures against Latin America's third biggest economy.

  • *Mercedes, Nissan, Renault collaboration expanded. The new Mercedes-Benz pickup targets commercial and private clients in Europe, Latin America, Australia and South Africa, and will share some of the underpinnings with an all-new Nissan NP300 truck, Daimler and Nissan said in a joint statement. The Mercedes-Benz 1- ton pickup truck will be built by Nissan in...

  • BUENOS AIRES, April 7- Dry weather in Argentina's main soy-growing area is forecast to last another two to three weeks, keeping the grains powerhouse on track toward an expected record crop likely to weigh on already sagging world food prices. In the heart of the farm belt- including parts of Entre Rios, Santa Fe, Cordoba, La Pampa and Buenos Aires provinces- ample...

  • Argentina's securities regulator says Citibank Argentina violated local laws by striking a deal with the hedge funds. Argentina on Monday appealed a U.S. federal court order that it said "erroneously modified and extended" a ruling preventing payment on its restructured bonds under Argentine law. The case stems from a decade-long legal feud between...

  • BUENOS AIRES, April 6- Argentine central bank regulators entered Citibank Argentina's headquarters on Monday, as the battle intensified between the government and a group of U.S. hedge funds who refuse to accept discounted payment terms on the country's defaulted debt. Argentina's securities regulator says Citibank Argentina violated local laws by...

  • BUENOS AIRES, April 6- Argentine central bank regulators entered Citibank Argentina's headquarters on Monday, as the battle intensified between the government and a group of U.S. hedge funds who refuse to accept discounted payment terms on the country's defaulted debt. Argentina's securities regulator says Citibank Argentina violated local laws by...

  • BUENOS AIRES, March 31- Argentina made an interest payment on its restructured debt on Tuesday, an economy ministry spokeswoman said, although the money would almost certainly not reach most bondholders due to international lawsuits over defaulted bonds. A U.S. judge has barred Argentina from paying interest on bonds that were restructured after its 2002...

  • BUENOS AIRES, March 31- Argentina will make an interest payment on its restructured debt on Tuesday as planned, an economy ministry spokeswoman said, although payment will almost certainly not reach most bondholders. A U.S. judge has barred Argentina from paying interest on bonds that were restructured after its 2002 default until it settles with a group of U.S....

  • BUENOS AIRES, March 31- Argentina's public transport networks ground to a halt, port workers in the grains export hub of Rosario downed tools and banks shuttered their doors on Tuesday in a general strike over demands for changes to income tax. The prospect of further labor disputes as unions knuckle down to wage negotiations is another headache for President...