Argentina

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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

Argentina to Pay Bondholders in Local Account to Skirt Ruling

Argentina will send a bill to Congress to authorize the payment of foreign debt in local accounts in a bid to skirt a U.S. court ruling that is blocking payments and caused the nation to default on July 30, Bloomberg News reported. Argentina will seek to ...

Daily Headline - global.abi.org - 08/19/2014 - 21:33 - 0 comments

Argentina Slams US Debt Case Judge Despite Contempt Threat

Argentina came out swinging today against the US judge overseeing its debt default case, in defiance of a threatened contempt order, and disappointed market hopes it might soon restart talks with the hedge funds suing the country, the Irish Times rep ...

Daily Headline - global.abi.org - 08/13/2014 - 22:11 - 0 comments

Argentina Sues U.S. in International Court of Justice over Debt Dispute

Argentina has filed suit against the U.S. at the International Court of Justice in a high-stakes debt dispute between the South American nation and some of its creditors, the Wall Street Journal reported today. Argentina's lawsuit contends that ...

Daily Headline - abi_admin - 08/07/2014 - 14:05 - 0 comments

Argentina Bond Judge Tells Sides to Keep Talking

The U.S. judge overseeing a court battle that led Argentina to default on a $539 million interest payment last week ordered the nation and a group of U.S. hedge funds to keep talking in a bid to resolve the crisis, Bloomberg News reported on Friday. U.S. ...

Daily Headline - abi_admin - 08/05/2014 - 13:09 - 0 comments

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