Argentina

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Tale of ‘El Caballo’ Lays Bare Argentina’s Culture of Corruption

For a quarter century, one man ruled the Rio Parana, the mighty Mississippi of Argentina. His name is Omar Suarez. Along the Parana, the nation’s pipeline for key exports including soybeans, corn and wheat, he is better known as El Caballo: a hard-chargi ...

Daily Headline - global.abi.org - 02/21/2017 - 23:16 - 0 comments

Argentina's Macri Will Annul Father's Postal Debt Deal

Argentina's President Mauricio Macri said on Thursday he would annul an agreement his government reached to resolve a 15-year-old debt the country's postal service incurred when it was owned by Macri's father, the International New York ...

Daily Headline - global.abi.org - 02/16/2017 - 22:31 - 0 comments

Argentine Prosecutor Asks to Investigate President Over Postal Service Deal

A prosecutor asked to investigate Argentine President Mauricio Macri on Tuesday over a deal to resolve debt the country's postal service incurred with the government when it was owned by Macri's father, the International New York Times repo ...

Daily Headline - global.abi.org - 02/14/2017 - 21:21 - 0 comments

Argentina’s Credit Revival Offers Glimpse of Economic Stability

Arturo Méndez heaved a sigh of relief after slapping about $300,000 in hundred dollar bills on the table to pay for a house. Carrying all that cash around the streets of Buenos Aires was now someone else’s problem. “Why couldn’t I have just got a mortgag ...

Daily Headline - global.abi.org - 02/13/2017 - 22:27 - 0 comments

Former Argentine President Cristina Kirchner Indicted in Corruption Case

A judge indicted ex-President Cristina Kirchner on corruption charges involving public works and ordered millions of dollars of her assets to be frozen, escalating the legal troubles facing the former Argentine leader, The Wall Street Journal reporte ...

Daily Headline - global.abi.org - 12/27/2016 - 22:27 - 0 comments

Argentina’s Debt Bonanza Buys Time, Raises Risks

Less than a year ago, Argentina was on the brink of a balance of payments crisis after 12 years of populist rule. But dollars have flooded into the economy since the business-friendly government of Mauricio Macri took over last December, with central ban ...

Daily Headline - global.abi.org - 10/26/2016 - 22:14 - 0 comments

Argentines Say Mauricio Macri’s Policies Aren’t the Solutions They Promised to Be

Argentina’s shrinking economy and high unemployment are triggering ever-louder grumbling from its citizens, posing problems for President Mauricio Macri in a country where economic discontent has undone previous leaders, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 09/25/2016 - 18:44 - 0 comments

A $67,000 Home Robbery Exposes $500 Billion Problem in Argentina

The case of $67,000 stolen from Argentine Vice President Gabriela Michetti’s house should have ended when her bodyguard was arrested, Bloomberg News reported. Instead, prosecutors have shifted to tracing the money’s origin, making her a public example of ...

Daily Headline - global.abi.org - 08/25/2016 - 23:56 - 0 comments

Macri Eyes $400 Billion Foreign Cash Stash

For Mauricio Macri, there may be a silver lining to the Panama Papers scandal that has dogged Argentina’s new president since he was accused of ties with offshore shell companies earlier this year, the Financial Times reported. Mr Macri is hoping tha ...

Daily Headline - global.abi.org - 06/05/2016 - 22:16 - 0 comments

Pescanova Argentina Subsidiary Readies For Insolvency Proceedings

Argenova, the Argentinian subsidiary of troubled multinational Pescanova, is working with a legal team to prepare for filing for insolvency as soon as possible, reported Faro de Vigo. However, with all executive functions taken away from president and ch ...

Daily Headline - global.abi.org - 05/31/2016 - 20:26 - 0 comments

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