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Argentina

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  • Opposition strike has mixed results in Argentina Friday, 29 Aug 2014 | 7:14 AM ET

    BUENOS AIRES, Argentina— Labor groups opposed to Argentine President Cristina Fernandez staged their second general strike of the year Thursday, disrupting life in the capital and other parts of the country as many people stayed away from work and union demonstrators blocked streets to call for higher wages and lower taxes.

  • 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.

  • Argentina, Malaysia in deal to develop oil field Thursday, 28 Aug 2014 | 12:40 PM ET

    BUENOS AIRES, Argentina— State-run Argentine oil company YPF SA said Thursday it has reached a deal with Malaysia's Petronas to develop what is believed to be massive deposits of shale oil and gas in the vast Vaca Muerta formation in Patagonia.

  • Labor protest disrupts Argentine capital Wednesday, 27 Aug 2014 | 1:32 PM ET

    BUENOS AIRES, Argentina— A labor organization opposed to Argentine President Cristina Fernandez caused traffic jams and disrupted life for many in the capital Wednesday at the start of a 36- hour strike.

  • 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.

  • Argentina says US-based BNY Mellon not welcome Tuesday, 26 Aug 2014 | 12:46 PM ET

    BUENOS AIRES, Argentina— Bank of New York Mellon, which has played a central role in the legal dispute that pushed Argentina into default last month, is no longer authorized to operate in the South American country, the government said Tuesday.

  • 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.

  • But the judge declined to hold Argentina in contempt despite the urging of the two leading holdout creditors, saying such a finding would not "add anything to the scales" to encourage a settlement.

  • 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.

  • NY judge scolds Argentina, but no contempt order Thursday, 21 Aug 2014 | 11:58 AM ET

    NEW YORK— A federal judge in Manhattan on Thursday said Argentina's plans to evade his orders by failing to make required payments to U.S. bondholders is illegal and cannot be carried out, but he stopped short of finding the South American nation in contempt of court. District Judge Thomas Griesa called Argentina's actions toward U.S. bondholders "lawless."

  • 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.

  • Citi to US: Argentina banking license at risk Tuesday, 19 Aug 2014 | 1:40 PM ET

    Citigroup told the US appeals court that Argentina's banking license may be at risk as a result of the standoff between the country and hedge funds.

  • 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.