Argentina sold 100-year bonds barely a year after settling a protracted legal dispute tied to a $95 billion default, Bloomberg News reported. With the $2.75 billion sale, the government of South America’s second-largest economy joins Mexico, Ireland and the U.K. in issuing debt that matures over a century, which is often particularly attractive to insurers and pension funds seeking to lock in long-term returns. Argentina, for its part, is taking advantage of historically low borrowing costs to finance the budget and pay off debt that’s maturing in the next few years.

Argentinian President Mauricio Macri’s reform efforts have won approval from the world’s biggest emerging-market bond investor, Bloomberg News reported. Franklin Templeton Chief Investment Officer Michael Hasenstab boosted holdings in Argentina in the $40.4 billion Templeton Global Bond Fund that he runs to 4.5 percent in the first quarter. The investment has propelled the Latin American country to the sixth spot in the fund’s country holdings. Hasenstab was encouraged by reform efforts from Argentina’s new president, he said in a research note published in January.

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-charging horse. Little moved down the river unless Suarez, a union boss, received tribute, authorities say. For crews and companies alike, El Caballo epitomized the culture of corruption that has held back Argentina’s economy for decades, Bloomberg News reported. Today, the story of El Caballo is, in a way, playing out across the country.

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 Times reported on a Reuters story. Macri spoke after a federal prosecutor asked a judge to open an investigation into him and Communications Minister Oscar Aguad earlier this week.

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 reported on a Reuters story. A judge will decide whether or not to open an investigation, which could hurt center-right Macri's party in congressional elections later this year. Earlier on Tuesday, Cabinet Chief Marcos Peña asked for an independent audit of the deal to resolve the debt and denied any wrongdoing by Macri's government.

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 mortgage like in any normal country?” asks Mr Méndez rhetorically — well aware that affordable mortgages scarcely exist in Argentina thanks to its chronically volatile economy. As a result, most are obliged to pay for their homes upfront, and often in dollars because of the historic instability of the peso, the Financial Times reported.

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 reported. Investigative Judge Julián Ercolini approved trying Mrs. Kirchner, along with several former aides and a businessman, for alleged racketeering and administrative fraud in connection with road projects in her home Santa Cruz province.

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 bank reserves last week surging above $40bn, the Financial Times reported.

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 reported. The difficulty for Mr. Macri is that he promised it wouldn’t be like this. When he took office in December vowing to slash inflation and jump-start the economy, he told Argentines they could look forward to a brighter future in the second half of this year.

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 the challenges President Mauricio Macri’s faces in weaning the country off its reliance on cash, an age-old system that in many instances hides tax evasion. Elected last November on a vow to reverse 12 years of leftist populism, Macri ended currency controls, reformed the statistics bureau and settled a toxic dispute over bond payments.