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Latin America Argentina

  • *Argentina will appeal, case could reach U.S. Supreme Court. BUENOS AIRES, Nov 5- Argentina could face a credit crisis a decade after its $100 billion default due to a U.S. court ruling that says the country must pay creditors, who still hold defaulted bonds, every time it services its restructured debt.

  • At 10:05 a.m. CST, Chicago Board of Trade December wheat futures were up 6-1/ 2 cents at $8.71 a bushel. CBOT January soybeans were 11-1/ 2 cents lower at $15.15- 1/ 4 a bushel. CBOT December corn was up 3/ 4 cent at $7.40- 1/ 4 a bushel.

  • LONDON, Nov 5- International tourist arrivals grew 4 percent between January and August year-on-year and are heading for the 1 billion mark for the first time by December, the UN World Tourism Organization said on Monday.

  • FRANKFURT, Nov 5- When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank's all-male board anyway.

  • *Soy, corn lower after INTL FCStone ups US crop estimates. At the CBOT as of 9:45 a.m. CDT, December corn was down 11-1/ 4 cents, or 1.5 percent, at $7.39- 3/ 4 per bushel, dropping below its 100- day moving average at $7.45- 1/ 2. The contract has not settled below the average since June.

  • *Q3 adj EPS $0.85 v Street view $0.98. TORONTO, Nov 1- Barrick Gold Corp reported a sharp drop in third-quarter profit on Thursday, nudged back the production date for its massive Pascua-Lama gold and silver mine and increased its estimate on costs.

  • *Plaintiffs filed lawsuits in Canada and Brazil this year. QUITO/ BUENOS AIRES, Oct 31- Ecuadorean plaintiffs plan to sue Chevron in Argentina and Colombia to collect a $19 billion award for pollution in the Amazon that has become one of the world's most high-profile environmental cases against an oil company.

  • JERUSALEM, Oct 31- Potash Corp, the world's No. 1 fertilizer maker, is ramping up efforts to buy Israel Chemicals Ltd, appealing directly to Israel's prime minister to back a deal that would rank as the largest foreign takeover of an Israeli company.

  • *Plaintiffs filed lawsuits in Canada and Brazil this year. QUITO, Oct 31- Ecuadorean plaintiffs plan to file a lawsuit against Chevron in Argentina, their third legal attempt outside the Andean country to enforce a $19 billion ruling against the U.S. oil company for pollution in the Amazon, a source with direct knowledge of the case said.

  • BUENOS AIRES, Oct 31- Telecom Argentina SA, one of Argentina's top telecommunications companies, reported on Wednesday that its third-quarter net profit rose 2.1 percent from a year before, thanks to hefty sales.

  • BUENOS AIRES, Oct 30- Argentina was hit by a sovereign credit ratings downgrade on Tuesday after the government blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted bonds.

  • BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season as violent storms lash the Pampas, turning prime farmland into unplantable mush, a local expert said on Tuesday.

  • *Argentina to fight judicial decision. BUENOS AIRES, Oct 30- Argentina's economy minister blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted Argentine bonds, saying the country will never pay the ``vulture funds.''.

  • *Argentina is world's No. 2 corn exporter after the U.S. BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season because of violent storms that have lashed the Pampas farm belt over the last three months, a local expert said on Tuesday.

  • NEW YORK, Oct 29- Commodities fell broadly on Monday after a powerful storm lashed the U.S. East Coast, closing down Wall Street and whittling investor activity across financial markets. The U.S. currency ran up as the euro fell on uncertainties on whether Greece could agree to a deal on austerity and whether Spain would request for aid.

  • CHICAGO, Oct 29- U.S. soybean futures fell 2.2 percent on Monday, their biggest daily slide in almost a month, due to crop-friendly weather forecasts for top producer Brazil and concerns about Hurricane Sandy's impact on the U.S. financial sector.

  • CHICAGO, Oct 29- U.S. soybean futures fell nearly 2 percent on Monday, the biggest daily slide in two weeks, on long liquidation tied to improving weather outlooks in top producer Brazil and concerns about Hurricane Sandy's impact on the U.S. financial sector.

  • LONDON, Oct 29- Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two percent of global consumers said they believed their national economies were in recession, up from 57 percent in the previous quarter, according to the survey by global information company Nielsen, released on Monday.

  • *Argentina says court battle not over; bond prices fall. Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.

  • *Argentina says court battle not over; bond prices fall. Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.