Hugh's Feed
Mar 26, 2015

Argentina court throws out appeal of decision clearing Fernandez

BUENOS AIRES (Reuters) – Last month’s court decision that cleared Argentina’s President Cristina Fernandez of charges that she tried to derail the investigation into a deadly 1994 bombing was upheld by an appeals court on Thursday.

The late Argentine prosecutor Alberto Nisman had accused Fernandez of trying to cover up Iran’s alleged involvement in the truck bombing of the AMIA Jewish Community center in Buenos Aires. He alleged that she attempted to whitewash the attack in order to clinch a grains-for-oil deal with Tehran.

Mar 26, 2015

Sun expected to put Argentina back on track to record soy crop

BUENOS AIRES, March 26 (Reuters) – Argentina’s waterlogged
soy lands will get much-needed sun over the 10 days ahead,
firming soils and allowing growers to drive harvesting combines
into fields turned to mud by heavy early-March storms,
meteorologists said on Thursday.

With about 5 percent of the 2014/15 crop already in, the soy
exporting powerhouse remains on track for a record high harvest
of 56 to 60 million tonnes, after floods in the northern farm
belt threatened a significant output cut.

Mar 19, 2015

Lifestyle of late Argentine prosecutor Nisman stokes new scandal

BUENOS AIRES (Reuters) – The Argentine prosecutor found dead after accusing the president of whitewashing a deadly 1994 bombing embezzled state funds to take prostitutes on lavish vacations, the government said on Thursday, deepening the scandal over his death early this year.

Alberto Nisman, found dead two months ago after accusing President Cristina Fernandez of trying to cover up Iran’s alleged role in the bombing of a Jewish community center, is as much at the center of controversy now as when he was alive.

Mar 15, 2015

Pro-business Buenos Aires mayor gains in presidential race

BUENOS AIRES, March 15 (Reuters) – Argentina’s economy may
be stagnant but the capital city Buenos Aires is looking better
than it has in years, boosting the popularity of its mayor as he
prepares to run for president in October.

Mauricio Macri, a conservative businessman, has built a
strong power base in Buenos Aires and is one of three leading
candidates in the race. Some polls show him in first place.

Mar 13, 2015

Argentina says bond payment must be go through despite U.S. ruling

BUENOS AIRES (Reuters) – Argentina said on Friday it will
demand that banks operating in the country process bond interest
payments despite a U.S. court ruling the day before that banned
Citigroup Inc from handling payments by the government on
its local law bonds.

U.S. District Judge Thomas Griesa in Manhattan said letting
Citigroup process the payments on so-called dollar-denominated
exchange bonds would violate a requirement that Argentina treat
bondholders equally.

Mar 1, 2015

Cleared of cover-up charges, Argentine leader comes out swinging

BUENOS AIRES (Reuters) – Argentina’s scandal-hit president came out swinging with a fiery speech about justice on Sunday, retaking the initiative three days after being cleared of allegations that she tried to derail an investigation into a deadly 1994 bombing in Buenos Aires.

In mid-January Cristina Fernandez was accused of conspiring to cover up Iran’s alleged role in the truck-bombing of the AMIA Jewish community center. Prosecutor Alberto Nisman said Fernandez conspired to whitewash the bombing in order to complete a grains-for-oil deal with Tehran.

Feb 26, 2015

Argentine judge throws out cover-up allegation against president

BUENOS AIRES (Reuters) – An Argentine judge on Thursday dismissed allegations against President Cristina Fernandez that she tried to cover up Iran’s purported involvement in a deadly bombing of a Jewish centre in 1994.

The judge ruled he would “discontinue” the case, which was first brought by state prosecutor Alberto Nisman, who was found dead in mysterious circumstances in January the day before he was to appear in Congress to discuss his criminal complaint.

Feb 26, 2015

Argentina revamps spy agency after prosecutor’s death

BUENOS AIRES (Reuters) – Argentina will replace its spy agency with a new intelligence service aimed at boosting oversight under a bill approved by Congress on Thursday in response to the scandal over last month’s shooting death of a star prosecutor.

The Chamber of Deputies voted 131-71 to create the Federal Intelligence Agency. The government says it will be structured to improve the accountability of espionage agents compared with the soon-to-be dismantled SI Intelligence Secretariat.

Feb 25, 2015

Argentina set to revamp intelligence agency in wake of prosecutor’s death

BUENOS AIRES (Reuters) – The revamp of Argentina’s intelligence service faced its final legislative hurdle on Wednesday, with Congress poised to create a new agency after the government said a renegade spy was linked to the death of a star prosecutor.

State investigator Alberto Nisman was found with a bullet in his head and gun by his side on Jan. 18, four days after accusing President Cristina Fernandez of trying to cover up Iran’s alleged role in the 1994 bombing of the AMIA Jewish community center in Buenos Aires.

Feb 25, 2015

Argentina says has ‘window of opportunity’ to issue debt

BUENOS AIRES (Reuters) – Argentina, shunned by the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and is considering issuing a long-term dollar-denominated bond.

Central bank chief Alejandro Vanoli told radio station Blue FM that now was an opportune moment for the government, which defaulted on its debt in July for the second time in 12 years, to follow some provinces and state-run energy firm YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz) which have recently raised debt abroad.