Argentina

Results for Argentina

Argentina Passes New Debt Bill With Eye On Next Payment

Argentina's Congress on Thursday passed a new bill designed to enable the government to resume debt payments to bondholders in defiance of a U.S. court ruling which tipped the country back into default, Reuters reported. President Cristina Fernandez ...

Daily Headline - global.abi.org - 09/11/2014 - 21:45 - 0 comments

Argentina Said to Tighten Currency Rules as Reserves Drop

Argentina is tightening its grip on the country’s currency market as international reserves decline following its second debt default in 13 years, Bloomberg News reported. Argentine banks must now seek government authorization for dollar purchases of $15 ...

Daily Headline - global.abi.org - 09/10/2014 - 21:47 - 0 comments

Fernández Likely To See Out Term With Battle Cry For ‘Fatherland’

In the aftermath of the country’s default, Argentine president Cristina Fernández’s approval ratings jumped as she defiantly stood up to Argentina’s “holdout” creditors, who rejected debt restructurings accepted by 93 per cent of bondholders after the co ...

Daily Headline - global.abi.org - 09/07/2014 - 21:40 - 0 comments

Argentine Economist Says Bond Holdouts Should Be Paid

Domingo Cavallo, the architect of Argentina’s first debt restructuring deal in 2001, has a solution for the country’s worsening debt drama: pay the holdouts, the International New York Times DealBook blog reported. “Argentina should comply with Judge ...

Daily Headline - global.abi.org - 09/04/2014 - 20:42 - 0 comments

Argentina Set for National Strike as Economic Woes Deepen

President Cristina Fernandez de Kirchner’s government faces a second national strike in less than five months, as a default last month threatens to aggravate quickening inflation and a plunging peso, Bloomberg News reported. Some state employees picketed ...

Daily Headline - global.abi.org - 08/27/2014 - 21:47 - 0 comments

Argentina Retaliates Against BNY Over Debt Payments

Argentina retaliated against Bank of New York Mellon on Monday for refusing to make payments to bondholders in compliance with a US court ruling – a move which has also led a group of hedge funds that includes George Soros’ Quantum Partners to sue the US ...

Daily Headline - global.abi.org - 08/27/2014 - 21:28 - 0 comments

Argentine Default Bad Test Case for Sovereign Debt Negotiations

Argentina's default three weeks ago, and the ongoing legal battle that led up to it, raises practical, theoretical, and moral questions about the ad hoc process that ensues when a country doesn't repay its creditors, Foreign Policy reported ...

Daily Headline - global.abi.org - 08/25/2014 - 21:58 - 0 comments

Companies Fear Radical Turn In Argentina

When President Cristina Fernández confidently praised Argentina’s financial system as “one of the most solid in the world” during a speech at the Buenos Aires stock exchange on Wednesday, some of the high-ranking executives present struggled to hide thei ...

Daily Headline - global.abi.org - 08/24/2014 - 18:42 - 0 comments

Frustrated Judge Scolds Argentina but Does Not Hold It in Contempt

A federal court judge said on Thursday that Argentina’s attempt to skirt one of his rulings was “lawless” but stopped short of finding the country in contempt of court, the International New York Times reported. Exasperated lawyers for a group of New ...

Daily Headline - global.abi.org - 08/21/2014 - 22:49 - 0 comments

Argentina's Unemployment Rate Rises to 7.5%

Argentina's unemployment rate rose to 7.5% in the second quarter as the country's recession appeared to worsen and more companies laid off workers, The Wall Street Journal reported. The jobless rate, published by the government on Tuesday, ...

Daily Headline - global.abi.org - 08/19/2014 - 21:31 - 0 comments

Syndicate content