Hugh's Feed
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.

Feb 25, 2015

Argentine spy at center of Nisman case accused of smuggling

BUENOS AIRES (Reuters) – The Argentine spy at the center of a scandal over last month’s death of a state prosecutor was accused on Tuesday of importing tonnes of contraband merchandise during his final years as head of the country’s counterintelligence office.

Antonio Stiuso was forced out of the SI intelligence service in December, weeks before state prosecutor Alberto Nisman accused President Cristina Fernandez of trying to cover up Iran’s alleged involvement in a deadly 1994 bombing.

Feb 23, 2015

Argentina’s Fernandez approval rating driven down by Nisman – poll

BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez’s popularity has been driven down by the mysterious death of an investigator who accused the populist leader of trying to cover up a deadly 1994 bombing, a poll showed on Monday.

Alberto Nisman was shot dead the night of Jan 18, four days after levelling his allegation against Fernandez. His death shocked the country and brought long-simmering questions about the independence of the judicial system to a boil.

Feb 23, 2015

Argentina in no rush to re-start debt restructuring talks

BUENOS AIRES (Reuters) – Debt-holders who want to jumpstart restructuring talks with Argentina may have to wait until a court rules next month on whether to let a disputed bond payment go through, further extending a legal feud that has hobbled state finances.

The case stems from Argentina’s 2002 default on about $100 billion, which has weighed on Latin America’s No. 3 economy by locking it out of the global bond market at a time of stagnant growth and high inflation.

Feb 20, 2015

Argentina says considering offer to resume debt revamp talks

BUENOS AIRES, Feb 19 (Reuters) – The mediator in the case
brought by investors who rejected Argentina’s 2005 and 2010 debt
restructurings said on Thursday that the “holdout” investors
offered to reopen talks with Buenos Aires, and the government
said it was considering the offer.

The case is part of years long, cross-border litigation
following Argentina’s sovereign debt default in 2002, after
which some debt holders agreed to accept reduced payouts while
others refused and took to the courts.

Feb 19, 2015

Argentina mum on offer by ‘holdout’ funds to resume debt talks -mediator

BUENOS AIRES, Feb 19 (Reuters) – The mediator in the case
brought by investors who rejected Argentina’s 2005 and 2010 debt
restructurings said on Thursday that the “holdout” investors
offered to reopen talks with Buenos Aires, but the government
had not responded.

The case is part of years long, cross-border litigation
following Argentina’s sovereign debt default in 2002, after
which some debt holders agreed to accept reduced payouts while
others refused and took to the courts.