Argentina's state-controlled energy company YPF sold medium-term local currency debt equivalent to a total of 423.2 million dollars on Wednesday, a stock market filing showed.
The Inter-American Commission of Human Rights (IACHR) began proceedings this week concerning Argentina’s refusal to extradite Galvarino Apablaza for the 1991 murder of emblematic conservative Senator Jaime Guzmán.
Moody's Investor Service announced on Wednesday it has downgraded the issuer and debt ratings of several provinces and cities in Argentina, due to the risks these states may face to access foreign currency and serve their obligations in foreign currency.
Brazil's former President Lula Da Silva blasted the protectionist measures of the developed countries and called for the alliance between businessmen from his country and Argentina's, as he highlighted that Brazil grows, but with a controlled inflation rate.
When Argentina proposed a brutal 65% haircut to holders of its defaulted sovereign bonds in a 2005 restructuring, one argument the country’s officials used to justify the offer was that the country could not take on more debt than it could reasonably expect to pay. As painful as the loss might be, the argument went at least the new bonds the government would issue would be creditworthy.
In one of her latest surprise moves to prop gender and culture, President Cristina Fernandez has named soft-core porn film star Isabel Sarli, as the country’s official ambassador of pop culture.
Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt.
Members from the indigenous Mapuche community in Patagonia protested angrily at the south Argentina resort of Bariloche demanding that a statue in honour of President General Julio A Roca be removed since “he was responsible for the greatest genocide in our history”.
Brazil's deeper-than-expected economic slowdown is amplifying the deceleration already being experienced by Argentina and Uruguay as a result of the global slowdown, according to a new Fitch Ratings report.
By 2022 if all works out as planned the Aconcagua Bi-Oceanic corridor should link the Atlantic with the Pacific coast of South America facilitating trade and business opportunities.