Argentina's President Cristina Fernandez on Wednesday accepted the resignation of the central bank governor, a spokesman for the presidency said.» Read More
BUENOS AIRES, Oct 2- Argentine stocks and bonds fell sharply on Thursday as the government left markets guessing about policy direction after the appointment of a new central bank chief viewed as sympathetic to the government's ramped-up interventions in the economy. Bond prices also fell as investors digested the nomination of Alejandro Vanoli as the...
BUENOS AIRES, Oct 1- Argentina's central bank chief resigned on Wednesday after a long tussle with the Economy Ministry and was replaced with a regulator considered sympathetic to the interventionist stance of a government battling one of the world's highest inflation rates. The move drew a sharp negative reaction in financial markets, with the price of...
BUENOS AIRES, Oct 1- Argentina's central bank governor, Juan Carlos Fabrega, resigned on Wednesday after a long tussle with the government over whether policymaking should focus on taming rampant inflation or spurring growth in the slowing economy. A spokesman for President Cristina Fernandez said Fabrega would be replaced by Alejandro Vanoli, the head of...
BUENOS AIRES, Argentina— Relations between Argentina and the United States have sunk so low the South American nation's president is blaming the Obama administration for her country's debt crisis and suggesting Washington might even want to have her killed. Fernandez and her government have been infuriated by the U.S. government's refusal, or legal...
BUENOS AIRES, Oct 1- Argentina's President Cristina Fernandez on Wednesday accepted the resignation of the central bank governor, a spokesman for the presidency said.
BUENOS AIRES, Sept 30- Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations.
Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday in defiance of U.S. District Judge Thomas P. Griesa, who found Argentina in contempt on Monday.
NEW YORK, Sept 29- In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking "illegal" steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. But Griesa issued a clear warning that the country must stop efforts to get around his rulings by making payments in Argentina.
NEW YORK, Sept 29- Argentina is in contempt of court, a U.S. judge ruled on Monday, the latest step in a years-old case brought by the U.S. hedge funds over defaulted debt.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
NEW YORK/ BUENOS AIRES, Sept 29- Argentina said on Monday that any sanctions for contempt of court, levelled against it for refusing to pay U.S. hedge funds suing over defaulted debt, would be illegal under international law.
*Telecom Italia board to examine Fintech's proposal Friday. MILAN/ BUENOS AIRES, Sept 25- Investment company Fintech has asked Telecom Italia to further extend an agreement to buy the Italian group's controlling stake in Telecom Argentina, Telecom Italia said on Thursday, in a last-minute attempt to ensure the sale does not fall apart.
BUENOS AIRES, Sept 24- Argentina said on Wednesday its economy pulled out of recession in the second quarter, raising doubts over the reliability of data as the government battles to ease the impact of its sovereign debt default.
BUENOS AIRES, Argentina— Argentine tax evaders beware: The government is using a drone to spot you. The Buenos Aires province's tax agency said Wednesday that it has used drones to identify some 200 mansions and about 100 swimming pools that haven't been declared by their owners.
The comment came just hours after Fernandez's cabinet chief Jorge Capitanich accused Germany of having a "hostile attitude" toward Argentina's debt restructuring effort, citing an advertisement by the hedge funds which quotes a German official criticizing Argentine policy.
Argentina is now $2 billion overdue in payments to at least 2 sets of bondholders, reports CNBC's Kate Kelly.
BUENOS AIRES, Sept 24- Germany has a "hostile attitude" toward Argentina's debt restructuring effort, cabinet chief Jorge Capitanich said on Wednesday after local newspapers ran an advertisement quoting a German official criticizing Argentine policymaking.
He bashed rival funds such as Elliott Management, which has invested in Argentine bonds and held out for full payment, calling their behavior immoral.
CNBC's Kate Kelly, and Kyle Bass, Hayman Capital Management, discuss the brawl over Argentina's bond payment plan. And Bass reveals his stake in Argentine energy producer YPF Sociedad Anónima.
NEW YORK, Sept 23- Argentina is expected to deliver a US $200 m coupon payment in the next week on its restructured Par bonds, but frustrated investors still have little chance of getting their hands on the money.