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Jan 14, 2010

Argentine cenbank optimistic US freeze to be lifted

BUENOS AIRES, Jan 14 (Reuters) – Argentina’s Central Bank
chief said on Thursday he was optimistic a U.S. judge would
soon lift an embargo on the bank’s accounts that has heightened
investor concern that a government debt swap could be delayed.

In addition to rattling investors, the decision by Judge
Thomas Griesa to freeze Central Bank funds held in the United
States deepened a row between the government and the Central
Bank over President Cristina Fernandez’s bid to tap foreign
currency reserves to pay the public debt.

Jan 12, 2010

U.S. judge freezes Argentine cenbank accounts

BUENOS AIRES, Jan 12 (Reuters) – A U.S. judge has frozen
accounts held in the United States by Argentina’s Central Bank,
deepening a legal and political row over the Argentine
government’s plan to use foreign reserves to repay debt.

Speculation had grown in Argentina in recent days that some
holders of defaulted government bonds could try to get Central
Bank funds embargoed because of a plan to use $6.6 billion in
foreign currency reserves to service the nation’s debt.

Jan 8, 2010

Argentine battle over central bank reserves deepens

BUENOS AIRES (Reuters) – An Argentine judge blocked the president’s plan to use Central Bank reserves to pay public debt and ordered the bank chief’s reinstatement on Friday, deepening a dispute that has rattled financial markets.

Moments after a court ruled to reinstate former Central Bank President Martin Redrado, he returned to the bank, waving at television cameras. A day earlier, President Cristina Fernandez fired Redrado for opposing her debt plan.

Jan 8, 2010

Central bank row highlights Argentine risks

BUENOS AIRES/NEW YORK (Reuters) – President Cristina Fernandez’s drive to kick out Argentina’s central bank chief shows she is still willing to fight battles that risk undermining her efforts to improve the country’s reputation with investors.

Fernandez asked Martin Redrado to quit on Wednesday, raising the specter of fresh political turmoil in Latin America’s No. 3 economy just as the government seeks to charm Wall Street by restructuring defaulted debt left over from an economic meltdown eight years ago.

Dec 22, 2009

Argentina’s current account surplus shrinks 66 pct

BUENOS AIRES, Dec 22 (Reuters) – Argentina’s current
account surplus shrank 66 percent in the third quarter compared
with the same period last year, dented by falling exports and
bigger dividend payments, the government said on Tuesday.

The current account is the broadest measure of a country’s
foreign transactions, encompassing trade, services and an array
of financial flows including interest payments. Analysts use
the data to gauge reliance on foreign capital.

Dec 10, 2009

Cuban dissidents mark rights day with protests

HAVANA (Reuters) – Hundreds of government supporters drowned out two small opposition protests in Cuba’s capital on Thursday, chanting and jeering at the dissidents as they marched to mark International Human Rights Day.

About 30 female relatives of political prisoners walked silently through the ramshackle Havana streets carrying flowers and Cuban flags before being surrounded and jostled by some 250 people shouting “Traitors” and “The street belongs to Fidel.”

Nov 27, 2009

Road ahead for deposed Honduran President Zelaya

TEGUCIGALPA (Reuters) – Honduran lawmakers are due to decide on December 2 whether to reinstate ousted President Manuel Zelaya and let him finish his term until a newly elected leader takes office in January.

Zelaya was exiled by soldiers in a June 28 coup but has been holed up in the Brazilian Embassy since sneaking back into Honduras in September. After he pulled out of a deal to decide his return, Zelaya’s future looks even more uncertain.

Nov 21, 2009

Honduras coup tensions take toll on economy

TEGUCIGALPA (Reuters) – Business was bad in Honduras even before the president was ousted in a June coup, unleashing months of political turmoil that have deepened the impoverished country’s economic woes.

Honduras was already suffering from the recession in the United States, its top trade partner, due to slack demand for its key clothing exports and a plunge in the amount of cash being sent home by relatives.

Oct 14, 2009

Argentina says September inflation 0.7 percent

BUENOS AIRES, Oct 14 (Reuters) – Argentine inflation was
0.7 percent in September, the INDEC statistics agency said on
Wednesday, a figure that may boost perceptions the government
is bringing official price data closer to private estimates.

Economy Minister Amado Boudou, who took office in July, has
vowed to restore credibility to consumer price data, which
economic analysts say has underreported real inflation for more
than two years.

Oct 5, 2009

Argentine singer Mercedes Sosa dies at 74

BUENOS AIRES (Reuters) – Argentine folk singer Mercedes Sosa, who fought South America’s dictators with her voice and became a giant of contemporary Latin American music, died on Sunday at age 74, her family said in a statement.

Sosa had been in intensive care in a hospital for days with kidney problems. Her body was taken to the Congress building in Buenos Aires for public visitation Sunday afternoon and her remains were to be cremated on Monday, local media reported.

    • About Helen

      "Based in Argentina, I help lead our coverage of the southern cone, from politics to agriculture. My career with Reuters began in London in 2001 and I have reported from many Latin American countries including Bolivia, Cuba and Mexico."
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