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Argentina

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  • BUENOS AIRES, Dec 19- Argentine farmers will increase protests ahead of presidential elections in October 2015 to push candidates toward reforming policies that growers say are killing their profits, said Omar Principe, the new head of one of the country's main farm groups. Principe, named head of the Argentina Agrarian Federation earlier this month, said...

  • Goodyear to close Latin American office, move jobs Tuesday, 16 Dec 2014 | 6:04 AM ET

    AKRON, Ohio— There's a report that Goodyear Tire& Rubber Co. plans to close an office in Argentina and move 30 to 50 jobs to Akron. DeShazior tells the Akron Beacon Journal for a story Tuesday that the office in Buenos Aires serves as a design hub in Latin America. DeShazior said Goodyear leaders shared the news with city officials Monday.

  • WASHINGTON, Dec 15- Argentina has taken all the required steps so far to revamp its economic data but must still meet one more deadline as it seeks to bring the quality of its statistics in line with global standards, the International Monetary Fund's board said on Monday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina...

  • BUENOS AIRES, Dec 12- Argentina's main state bank will deny credit to farmers who are holding onto soybeans as a hedge against inflation, a top official said on Friday, as the government cracks down on crop hoarding as part of a campaign to build up its dollar reserves. Argentine soy is used widely as livestock feed in Asia, fueling the region's shift toward a higher...

  • BOGOTA, Dec 10- Bidding to build a long-awaited $6.9 billion subway system in Bogota, Colombia's capital city, will open in the second half of 2015, the mayor said on Wednesday, adding that the project has garnered interest from foreign companies. Now the city has plans to open a first 32 km line serving 27 stations by 2020, mayor Gustavo Petro- considered the...

  • BUENOS AIRES, Dec 10- Argentina launched on Wednesday its first dollar-denominated bond sale since its latest default, and will likely meet strong demand from investors seeking big positions in high-yielding Argentine debt, local market players said. Argentina said it wanted to show it can pay its debts. Argentina has issued little debt since its record 2002...

  • Argentina's YPF signs deal Malaysia's Petronas Wednesday, 10 Dec 2014 | 3:47 PM ET

    BUENOS AIRES, Argentina— Argentina's state-run energy company YPF SA has signed a deal with Malaysia's Petronas to develop massive deposits of shale oil and gas in Patagonia. Petronas will provide $475 million of an initial investment totaling $550 million for a pilot phase scheduled to start early next year in the so-called Vaca Muerta deposit.

  • BUENOS AIRES, Dec 5- Argentina's offer to swap or pay early on a dollar-denominated bond due in 2015, if successful, will ease pressure on its foreign reserves and may embolden the government in its fight against U.S. hedge funds suing over unpaid debt. It would be the first foreign currency debt sale by Argentina, Latin America's No. 3 economy, since it defaulted in...

  • NEW YORK, Dec 4- Highland Capital Management, a relative newcomer to Argentina's sovereign debt crisis, placed a hefty bet on a resolution early in the new year by putting more than a quarter of its Global Allocation fund into the country's bonds. James Dondero, the founder of the Dallas- based investment firm with $20 billion under management, started buying...

  • NEW YORK, Nov 10- A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment it receives on U.S. dollar-denominated Argentine law bonds. Citigroup has said it faces...

  • NEW YORK, Nov 7- Argentina, already in default, could see its financial troubles worsen as creditors holding billions of dollars in debt prepare to demand immediate payment, new court filings in New York show. District Judge Thomas Griesa granted to U.S. hedge funds that spurned Argentina's debt restructurings in 2005 and 2010, and then sued for full repayment of...

  • BUENOS AIRES, Nov 3- Procter& Gamble said on Monday it had temporarily suspended operations in Argentina after the country's tax authority, which has accused the company of tax fraud, said it started meetings with the world's No.1 household products maker. On Sunday, Argentina accused the company of hiding income and over-billing $138 million in imports to get...

  • NEW YORK, Nov 3- Daniel Pollack, the court-appointed mediator in the debt dispute between Argentina and holdout creditors, has been given broad authority to grant other investors a seat at the negotiating table in an effort to agree on a comprehensive settlement. District Judge Thomas Griesa issued the order on Monday giving Pollack, known officially as the...

  • LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...

  • Nov 2- Argentina has accused Procter& Gamble, the world's No. 1 household products maker, of tax fraud and said it suspended its operations in the South American country, according to a statement issued on Sunday by the country's AFIP tax authority. Argentina accused the company of over-billing $138 million in imports to get money out of the country, according to...

  • BUENOS AIRES/ NEW YORK, Oct 31- Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country's cash-strapped government immediately repay all of its debt. Argentina deposited a $161 million payment with a newly appointed local trustee last...

  • BUENOS AIRES/ NEW YORK, Oct 31- Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt. Argentina had already defaulted in July on its Discount notes, but holders of the Par bonds are more...

  • City of Buenos Aires mulls financing options Tuesday, 28 Oct 2014 | 5:53 PM ET

    NEW YORK, Oct 28- The city of Buenos Aires is sounding out foreign investors on short-term funding as it looks to refinance upcoming maturities, according to two sources with direct knowledge of the meetings. US dollars would allow it to build a buffer to meet international bond maturities without draining Argentina's dwindling foreign exchange reserves.

  • MONTEVIDEO, Oct 27- Leftist ruling party candidate Tabare Vazquez is in a strong position to win Uruguay's presidential election race after taking a big lead in the first round of voting, official results showed on Monday. Although he fell short of the 50 percent majority needed for an outright win, he had a bigger than expected lead over his closest rival, Luis...

  • BUENOS AIRES, Oct 23- Persistent government intervention in Argentina's stagnating economy means oil and gas firms will remain cautious even if Congress backs a proposed law offering sweeteners to attract new investments worth tens of billions of dollars. Argentina needs to ramp up production from its vast but barely tapped Vaca Muerta shale oil and gas...