Argentina

• Saturday, April 30th 2016 - 10:57 UTC

  A natural size bronze statue of Kirchner found during Argentine prosecutors raids in Santa Cruz

  

  The mega judicial raids in Argentina into the properties of arrested Kirchnerite businessman Lazaro Baez and his family, in the southern province of Santa Cruz, so far have found less cash than rumored but far more assets that expected, including some surprises such as a full size bronze statue of former president Nestor Kirchner.

• Friday, April 29th 2016 - 06:08 UTC

  IMF praises Argentina's new focus despite an expected contraction of 1% this year

  

  Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances.

• Friday, April 29th 2016 - 05:44 UTC

  Mercosur unmoved by Rousseff''s invocation of the “democratic clause”

  

  “We respect the Brazilian constitutional process” and thus Argentina does not have plans to follow on president Dilma Rousseff announcement that she will appeal to Mercosur to implement the “democratic clause” if the impeachment process to remove the head of state from office advances in the country's Senate.

• Thursday, April 28th 2016 - 12:05 UTC

  China plans to track moon spacecrafts from its station in Argentine Patagonia

  

  In March next year, China's space and satellite tracking station in Quintuco, Argentine Patagonia will become operational, according to members from China's Space Agency, CLTC, who advanced that in June scientists will be mounting the station's antenna to explore outer space.

• Thursday, April 28th 2016 - 07:37 UTC

  Corruption network ever closer to Cristina Fernandez as associates are investigated

  

  Argentina's Lower House member and former Secretary of ex president Cristina Fernandez, Eduardo “Wado” De Pedro is under prosecution investigation following claims he over billed travel expenses while overseas in 2015 as part of the presidential delegations.

• Wednesday, April 27th 2016 - 10:44 UTC

  Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

  

  Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.

• Saturday, April 23rd 2016 - 10:46 UTC

  Treasury Secretary Lew praises Argentina for its reintegration to the global economy

  

  United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.

• Saturday, April 23rd 2016 - 10:26 UTC

  Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over

  

  US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt.

• Friday, April 22nd 2016 - 07:55 UTC

  Lan's CEO agrees to pay fine in the US to settle charges involving operations in Argentina

  

  Chile's LAN Airlines CEO will pay a US$75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission.

• Friday, April 22nd 2016 - 07:48 UTC

  Singer praises Macri and calls him a great 'reformist' in a Time weekly column

  

  United States hedge fund billionaire Paul Singer is a big fan of Argentina’s new president. For one thing, Mauricio Macri doesn’t call him a “vulture lord” or a “bloodsucker,” as his predecessor Cristina Fernández did. More important, the newly elected Macri recently paid Singer’s firm US$2.28 billion in debt.