GO
Loading...

Argentina

More

  • BUENOS AIRES, Sept 16- Argentina called in the United States' top diplomat in the country on Tuesday to express its "deep indignation" over a local newspaper interview in which he made reference the South American country's latest debt default.

  • Problems seen with new Argentine debt payment law Friday, 12 Sep 2014 | 7:38 PM ET

    BUENOS AIRES, Argentina— A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.

  • But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.

  • BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.

  • BUENOS AIRES, Sept 11- Argentina's government is ramping up state intervention in the economy to try to prevent a new debt default from triggering a balance of payments crisis but its policies are also battering business confidence and may deepen a recession.

  • Argentina enacts law restructuring government debt Thursday, 11 Sep 2014 | 9:57 AM ET

    BUENOS AIRES, Argentina— Argentina's Congress approved legislation Thursday to restructure the country's debt and sidestep a U.S. court ruling that recently pushed the government into its second default in 13 years. "Argentina wants to pay, can pay and is going to pay all its debts to all bondholders," Fernandez said.

  • The lengthy legal battle between Argentina and the funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.

  • Argentina plans Latin America's tallest building Wednesday, 10 Sep 2014 | 4:57 PM ET

    BUENOS AIRES, Argentina— Argentina says it will build the tallest building in Latin America. Architectural plans released Wednesday depict it as being in the shape of Argentina's map while an outdoor stadium for 15,000 people at ground level is shaped like the map of the Falkland Islands.

  • The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.

  • BUENOS AIRES, Sept 9- A majority of Argentina's debt investors do not want to take up a government proposal to change the jurisdiction governing their bonds, Economy Minister Axel Kicillof told members of the country's Congress on Tuesday. The frozen coupon payment is still held by U.S. intermediary Bank of New York Mellon.

  • BUENOS AIRES, Sept 7- Argentina's central bank chief, Juan Carlos Fabrega, met his Chinese counterpart on Sunday to discuss how a currency swap worth billions of dollars will be put into action, the Argentine monetary authority said.

  • BUENOS AIRES, Sept 5- Many investors are interested in swapping global Argentine bonds for paper governed by local law, the government said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulings.

  • BUENOS AIRES, Sept 4- Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

  • BUENOS AIRES, Sept 4- Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

  • Argentina swap plan gets cold reception in New York Thursday, 4 Sep 2014 | 3:06 PM ET

    NEW YORK, Sept 4- Argentina's plan to emerge from its second default in 13 years by swapping defaulted debt for new local-law bonds is receiving a cold reception in New York, where officials from the country's finance ministry are meeting with investors.

  • BUENOS AIRES, Sept 4- Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

  • BOLIVAR, Argentina, Sept 2- Grains powerhouse Argentina could increase soy, corn and wheat output by as much as a fifth if the president elected next year scraps export quotas, eases taxes and reverses other policies that have slowed investment, farmers and commodity traders say.

  • The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.

  • BNY Mellon, a financial intermediary between the Argentine government and its bond investors, in June held onto a $539 million interest payment owed to bondholders on the orders of a U.S. court. The Argentine government argued it had met its debt obligations and urged holders of exchange debt to pursue BNY Mellon for payment.

  • Left-leaning President Cristina Fernandez unveiled on Tuesday measures that would see the South American country make payments on debts held under foreign legislation in Argentina and push bondholders to bring their notes under Argentine law.