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Argentina

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  • HOUSTON/ CARACAS, Aug 21- Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout.

  • NEW YORK, Aug 21- The U.S. judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to sidestep his ruling that led it to default for the second time in a dozen years.

  • NEW YORK, Aug 21- A U.S. investment fund pressing for full repayment on Argentine debt is urging a U.S. judge to consider declaring Argentina in contempt after Buenos Aires announced plans to skirt court rulings that pushed it into default.

  • An acceleration could leave Argentina facing claims of up to $30 billion, more than the government holds in foreign reserves.

  • Argentina defends plan to pay creditors outside US Wednesday, 20 Aug 2014 | 8:38 AM ET

    BUENOS AIRES, Argentina— Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.

  • ISDA delays Argentina CDS auction until September Tuesday, 19 Aug 2014 | 5:16 PM ET

    ISDA's 15-member determinations committee voted unanimously Tuesday to postpone the auction until at least after Sept. 2.

  • BUENOS AIRES, Aug 15- Major world food supplier Argentina will send a trade delegation to Russia next week to try to increase exports to the country, which this month banned many Western products in response to sanctions over its intervention in Ukraine.

  • Portugal's Galp and Spain's Repsol, more exposed than most to lucrative exploration zones deep under Brazil's seabed, as well as France's Total on Angola exposure, are seen as the pick of the bunch as BP and Royal Dutch Shell suffer from weak exploration results.

  • BUENOS AIRES, Aug 14- Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, the president said on Thursday.

  • Argentina seeks charges in US firm's plant closing Thursday, 14 Aug 2014 | 8:00 PM ET

    BUENOS AIRES, Argentina— The government of Argentina will seek criminal charges against representatives of a U.S.-based global printing company that abruptly shuttered its plant in the South American country, the president said Thursday.

  • BUENOS AIRES, Aug 14- Argentina branded the hedge funds suing the country over their debt holdings an "international mafia" on Thursday after talks to bring a swift end to its latest default collapsed and sent Argentine bond prices tumbling.

  • US fund says no deal to end Argentina default Thursday, 14 Aug 2014 | 10:38 AM ET

    BUENOS AIRES, Argentina— Negotiations have apparently ended without success on a private-sector deal to end the legal battle that forced Argentina into default last month for the second time in 13 years.

  • BUENOS AIRES, Aug 14- The hedge funds suing Argentina over its 2002 debt default are an "international mafia" out to wreck the country's finances, the government said on Thursday, pumping up the rhetoric in a battle that is squeezing the struggling Argentine economy.

  • The discovery of the deceit last month crippled the company and undermined credibility in Spain's stock market just as the country recovers from a four-year recession. Spain's judicial system does not require a formal plea and Garcia Martin has not given one.

  • BUENOS AIRES/ NEW YORK, Aug 13- Prospects for a private sector solution to Argentina's sovereign debt dispute deteriorated on Wednesday after holdout investors said they entertained no realistic offers from bankers while the government dashed hopes it might soon agree to restart talks.

  • NEW YORK, Aug 13- Argentine holdout creditor Aurelius Capital Management said on Wednesday that talks with many financial institutions about finding a private settlement solution to the sovereign debt dispute had garnered no realistic proposals.

  • BUENOS AIRES, Aug 13- Argentina came out swinging on Wednesday against the U.S. judge overseeing its debt default case, defying a threatened contempt order and dashing market hopes it might soon restart talks with the hedge funds suing the country.

  • U.S. District Court Judge Thomas Griesa, who has presided over the long-running legal battle, said in New York on Friday he would issue a contempt order unless Argentina stopped claiming it had met its obligations and was not in default.

  • NEW YORK, Aug 12- International banks are struggling to reach a deal to buy a chunk of Argentine sovereign debt held by New York hedge funds suing the country, dampening market hopes for a swift end to the country's latest debt default.

  • NEW YORK, Aug 12- Daniel Pollack, the court-appointed mediator in the debt dispute between Argentina and holdout creditors, who has come under fire from the Argentine government for his handling of the talks, expects to hold more meetings with both sides.