Argentina

• Saturday, March 21st 2015 - 06:56 UTC

  Argentina's current account deficit widened to 5.07bn in 2014

  

  Argentina’s current account deficit widened 7.9% to 5.07 billion dollars in 2014 as Latin America’s third-biggest economy eked out meager 0.5% growth, official data showed. Exports fell 11.9% from 2013 to 71.94bn, hurt by low international prices for Argentine soy, wheat and corn as well as weakened demand in key trading partner Brazil, where economic growth is also stagnant.

• Saturday, March 21st 2015 - 06:20 UTC

  Argentine police discover 15 kilos of pure cocaine in the 'Splendour of the Seas'

  

  Argentine customs officials seized cocaine worth more than one million dollars million from two crew members on a luxury cruise ship docked in Buenos Aires, authorities said. The suspects, both men, were identified only as a Croatian national and a Chilean traveling on an Australian passport.

• Saturday, March 21st 2015 - 05:55 UTC

  Cristina Fernandez warns Citibank must comply with Argentine law

  

  President Cristina Fernandez warned on Friday that banks operating in Argentina must obey its laws, amid a row over Citibank's refusal to defy a US court order blocking Buenos Aires from repaying its restructured debt. At the end of the month, 31 March, Citibank as custodial has to pay Argentine restructured bonds.

• Friday, March 20th 2015 - 08:18 UTC

  Israel honors Nisman on bombing anniversary; crowd calls Argentine officials 'scoundrels'

  

  Israel honored the figure of Argentine former special prosecutor Alberto Nisman during the Thursday ceremony in Buenos Aires to mark the 23rd anniversary of the 1992 attack on the Israel Embassy that claimed the life of 22 people and injured dozens.

• Friday, March 20th 2015 - 08:03 UTC

  US website to honor Nisman has among its sponsors the head of a hedge fund in litigation with Argentina

  

  A Washington-based think-tank launched a website and award to honor the memory of late AMIA special prosecutor Alberto Nisman yet its founders raised a few eyebrows as they include someone who has an ongoing court case and regularly spoken ill of Argentina.

• Friday, March 20th 2015 - 07:57 UTC

  Argentine government claims Nisman could have committed “embezzlement and bribery” crimes

  

  The Argentine government leading spokesperson launched another furious (smear) attack on the late AMIA special prosecutor Alberto Nisman, alleging he committed federal crimes if he spent government funds in prostitutes and champagne, and kept part of the salaries of his staff.

• Friday, March 20th 2015 - 07:12 UTC

  Names of Argentines with HSBC offshore accounts in Switzerland to be made public

  

  Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.

• Friday, March 20th 2015 - 07:05 UTC

  Ten people killed as small chartered plane crashes few minutes after takeoff in Uruguay

  

  Ten people have been reported dead when a small chartered airplane with Argentine plates crashed Thursday night after taking off at the Laguna del Sauce airport, near the Uruguayan resort of Punta del Este. Rescue teams and fire personnel confirmed at least seven charred bodies.

• Thursday, March 19th 2015 - 08:01 UTC

  Argentina asks Citigroup how it will react to Judge Griesa' decision

  

  Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

• Wednesday, March 18th 2015 - 08:07 UTC

  Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

  

  Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.