Argentina

• Thursday, August 21st 2014 - 07:07 UTC

  Aurelius Capital brands Argentine leaders 'outlaws' for flouting US courts orders

  

  One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” on Wednesday after Buenos Aires moved to shift its bond payment method.

• Thursday, August 21st 2014 - 06:58 UTC

  Italian bondholders' representative supports Argentina decision to change debt's jurisdiction

  

  The Italian legal representative of Argentine bondholders, Tullio Zembo praised the Sovereign Public Debt Payment Law announced by President Cristina Fernandez, saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropriate.”

• Thursday, August 21st 2014 - 06:41 UTC

  Cristina Fernandez blasts those who invest in the 'illegal currency' (US dollar)

  

  Argentine president Cristina Fernandez emphasized on Wednesday evening the need to amplify “the local financial market so we will not depend on foreign fluctuations,” during the celebration of Buenos Aires Stock Market 160th anniversary.

• Thursday, August 21st 2014 - 06:32 UTC

  The 'blue' dollar ended trading on Wednesday at 13.55 Argentine Pesos

  

  Following the Argentine government’s proposal to change the debt’s payment 'location' (jurisdiction) from New York to Buenos Aires, the US dollar closed on Wednesday three cents up to 8.33 pesos in banks and exchange offices of the City, while the “blue” rate added a massive 35 cents to trade at 13.55 pesos, a new record.

• Thursday, August 21st 2014 - 06:26 UTC

  Soccer fan Pope Francis receives San Lorenzo, South America's best team

  

  Soccer took center stage at the Vatican Wednesday morning when members of Argentina's San Lorenzo visited their most famous fan, Pope Francis, to share the joy of winning the Copa Libertadores last week.

• Wednesday, August 20th 2014 - 10:06 UTC

  Argentina gambling industry tycoon closes Miami casino for a year

  

  Argentine gambling industry tycoon Cristobal Lopez and who has been targeted by Paul Singer from Elliott Management in his hunt for assets connected to Argentine leaders, has closed for 'a year' a casino he owns in Florida and which he only opened last February.

• Wednesday, August 20th 2014 - 10:00 UTC

  Citi tells Griesa its banking license in Argentina is at risk because of the 'holdouts case'

  

  Citigroup has told the US appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.

• Wednesday, August 20th 2014 - 09:22 UTC

  Nervous Cristina skirts New York court and pledges to service swapped bonds in Argentina

  

  President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.

• Wednesday, August 20th 2014 - 02:56 UTC

  US insists Argentina must engage with creditors over sovereign debt dispute

  

  The US government reiterated on Tuesday that the International Court of Justice in The Hague “is not the appropriate venue” for addressing Argentina's debt issues and again called on the government of President Cristina Fernandez to engage with its creditors.

• Wednesday, August 20th 2014 - 00:08 UTC

  Three relatives of Pope Francis killed in car accident in Argentina

  

  Three relatives of Pope Francis, including two young children, died on Tuesday when their car slammed into the back of a truck in Argentina. The Pope's nephew, Emanuel Horacio Bergoglio, who was driving the car, was in a serious condition after the accident, officials said.