Argentina has taken its battle with bondholders to the U.S. Supreme Court. CNBC's Kate Kelly reports Elliott's unit NML is suing Argentina's repayment of debts.» Read More
Repsol's board and shareholders already agreed to accept the package of dollar-denominated bonds, accepting less than half what Repsol President Antonio Brufau said the company's 51 percent stake was worth.
BUENOS AIRES, Argentina— If the latest development in culinary social media catches on, the trendiest restaurants may no longer be restaurants. Cookapp, which recently moved its headquarters from Buenos Aires to New York City, works like a matchmaker, arranging intimate gourmet dinners between strangers.
BUENOS AIRES, Argentina— An Argentine prosecutor is pursuing a criminal investigation against the owners of the social network Taringa! and another website for downloads that he says violate the intellectual property of the late writer Jorge Luis Borges.
WASHINGTON— The U.S. Supreme Court appeared to be searching for a middle ground Monday in the decade-long battle between Argentina and holders of its defaulted bonds.
OKUMA, Japan, April 18- The manager of the Fukushima nuclear power plant admits to embarrassment that repeated efforts have failed to bring under control the problem of radioactive water, eight months after Japan's prime minister told the world the matter was resolved.
BUENOS AIRES, April 17- Argentine President Cristina Fernandez is reversing some of the populist policies that defined her first six years in power and will have little choice but to stick to the new, more pragmatic path over the remaining 20 months of her final term.
NEW YORK/ BUENOS AIRES, April 10- Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop Argentina's Vaca Muerta shale formation further, boosting plans for new wells this year and announcing fresh exploration projects.
LONDON, April 10- A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday.
PANAMA CITY, April 2- U.S. fructose exports to Mexico may suffer if the United States seeks to slap anti-dumping duties on imports of Mexican sugar and local farmers seek retaliation, Mexican Economy Minister Ildefonso Guajardo said on Wednesday.
MercadoLibre is essentially the eBay of South America, with a history of strong growth. But profits in Venezuela may not be what they seem.
SkyBridge's SALT Las Vegas has a lagging younger sibling, SALT Singapore.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
March 14- Puerto Rico pulled off a blockbuster of a bond sale this week, sparing it from the threat of imminent default, but few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. "Everyone jumped on the bandwagon," said IHS Automotive analyst Guido Vildozo, citing oversized ambitions in Brazil after sales averaged 10 percent growth in the past decade.
NEW YORK, March 11- Deutsche Bank's head of Latin American trading, Cristian Binaghi, is no longer working for the bank, two market sources familiar with the situation said on Tuesday. His LinkedIn profile showed that he studied at the Universidad de Buenos Aires. Deutsche Bank spokeswoman Renee Calabro in New York declined to comment on Binaghi's departure.
With the soccer World Cup only three months away, Adidas and Nike are squaring up for a marketing battle to match the on-field rivalry of nations.
BUENOS AIRES, Feb 28- At a soup kitchen in a Buenos Aires slum, Alejandro Monzon hung his head as he stood in line and recounted how his fortunes have unraveled over the last year.
LONDON, Feb 27- High-yielding dollar bonds from Venezuela, Argentina and Ukraine, once at the core of most emerging debt portfolios, are deep in the red, leaving investors scrambling for the returns they once provided.
"The issues here are incredibly important not just for Argentina but for the U.S. government and all foreign sovereigns," said Paul Clement, at a briefing on the case at the Argentine embassy in Washington, D.C..
BUENOS AIRES, Feb 26- Two years after seizing the country's biggest energy company from Spain's Repsol, Argentina hopes a new compensation deal will lure more foreign investment to what many believe to be some of the world's most promising shale oil and gas prospects.