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Argentina

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  • BUENOS AIRES, March 26- Argentina's waterlogged soy lands will get much-needed sun over the 10 days ahead, firming soils and allowing growers to drive harvesting combines into fields turned to mud by heavy early-March storms, meteorologists said on Thursday. Areas hardest hit by floods are in central-west Santa Fe and central-east Cordoba provinces.

  • Argentina criticizes Citibank for bond payment agreement Wednesday, 25 Mar 2015 | 6:15 PM ET

    BUENOS AIRES, Argentina— Argentina's minister of economy is criticizing Citibank's agreement with a New York court that will allow the bank to process bond payments for the South American country while it exits the custodial business. U.S. District Court Judge Thomas Griesa had ordered Citibank to stop processing Argentine bond payments, leading...

  • BUENOS AIRES, March 25- Argentine growers have harvested about 5 percent of this year's soy, with high yields in the central farm belt compensating for flood damage in northern fields and keeping the country on track for a record crop, analysts said on Wednesday. Strong soybean demand from China and global demand for soymeal livestock feed has kept a floor under...

  • BOGOTA, Colombia— A vibrant stream of giant murals greets people heading in from Bogota's main airport or walking down the cobblestone streets of colonial downtown. Bogota Mayor Gustavo Petro responded by decriminalizing graffiti painting and even offered several public buildings as canvases. Bogota's laissez-faire attitude toward graffiti contrasts...

  • BUENOS AIRES, Argentina— Argentine President Cristina Fernandez says the country will oblige Citibank to pay bondholders despite a New York federal court ruling forbidding the bank to do so. During a speech Friday, Fernandez said the government would protect the rights of bondholders and force the bank's Argentine subsidiary to make the payments in...

  • BUENOS AIRES, March 20- Argentine farmers have stockpiled more than twice as much soy this year than last, defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election. Growers say the increase in soybean reserves, to 7.4 million tonnes from 3.4 million, comes from a 12- percent...

  • BUENOS AIRES/ NEW YORK, March 18- Citigroup Inc will not appeal a U.S. judge's ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in the default-hit country as swiftly as possible, its lawyer said on Wednesday. District Judge Thomas Griesa in New York to suspend his order blocking payments to enable the...

  • BUENOS AIRES, March 18- Argentina will not allow Citigroup Inc. to exit its local custody business, a senior source in the government said on Wednesday, setting up a possible showdown between the leftist government and the banking giant over sovereign debt payments. The government is demanding Citigroup process a March 31 coupon payment on its sovereign debt...

  • SAO PAULO, March 18- Brazilian unions on Wednesday filed another lawsuit against the largest operator of McDonald's restaurants in Latin America, alleging that the firm violates the country's labor laws. The suit against Arcos Dourados Comércio de Alimentos Ltda, the Brazilian division of Buenos Aires- based Arcos Dorados Holdings Inc, came just days after...

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • Citibank in Argentina to stop making bond payments Tuesday, 17 Mar 2015 | 1:57 PM ET

    BUENOS AIRES, Argentina— Citibank said Tuesday it was getting out of the business of making bond payments for Argentina, the latest fallout from a bitter court fight between the South American country and a group of bondholders in the U.S. A day later, Argentina threatened to revoke the bank's operating license if it refused to process those payments.

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of...

  • Arcos Dorados posts 4Q profit Tuesday, 17 Mar 2015 | 8:30 AM ET

    BUENOS AIRES, Argentina _ Arcos Dorados Holdings Inc. on Tuesday reported fourth-quarter profit of $10 million. On a per-share basis, the Buenos Aires, Argentina- based company said it had net income of 5 cents. Keywords: Arcos Dorados, Earnings Report.

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 4 PM ET Sunday, 15 Mar 2015 | 4:23 PM ET

    March 15- Editor: Christian Plumb+ 1 646 223 6200. BUENOS AIRES- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. LOS ANGELES- "Cinderella" enchants audiences this weekend, racking up a royal $70.1 million to lead the domestic...

  • BUENOS AIRES, March 15- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. Mauricio Macri, a conservative businessman, has built a strong power base in Buenos Aires and is one of three leading candidates in the race.

  • BUENOS AIRES, March 13- Argentina on Friday demanded banks operating in the country process bond interest payments despite a U.S. court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. Citigroup is one of several international financial institutions caught up in Argentina's lengthy legal feud with...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it attempts to re-enter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • BUENOS AIRES/ LONDON, March 9- Argentina wants HSBC Holdings Plc to repatriate $3.5 billion that it says the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country's tax chief said on Monday. The South American country last November charged HSBC with helping more than 4,000 clients evade taxes by stashing their.

  • BUENOS AIRES, March 9- Argentina's government is considering raising the minimum threshold on income tax as a sweetener in salary talks with trade unions to avoid unruly protests in the run-up to October's' s presidential election, a senior government official said. The prospect of strikes is another headache for President Cristina Fernandez, fighting...