Apr 14, 2015

Argentina’s Scioli walks tightrope in hunt for party faithful, swing voters

LANUS, Argentina, April 14 (Reuters) – Daniel Scioli, the
front-running candidate for the ruling party ticket in
Argentina’s presidential election, has a new buzz word:
“gradualismo”, or “gradual change”.

It is hardly a slogan to set the campaign trail ablaze ahead
of the October 25 election. Instead it illustrates the tightrope
act he needs to pull off as he tries to win the support of
outgoing leftist President Cristina Fernandez’s loyalists while
tapping a rich vein of undecided voters demanding change.

Apr 8, 2015

Argentina sues Citibank over deal with holdout creditors

BUENOS AIRES (Reuters) – Argentina is suing Citibank
Argentina for striking a deal with a group of U.S. creditors
fighting the government over unpaid debt, its economy minister
said on Wednesday, marking a fresh low in deteriorating
relations between it and the bank.

Citibank Argentina, a subsidiary of Citigroup, found
itself at the centre of a lengthy court battle after the
government demanded it process interest payments on exchanged
debt, in defiance of U.S. court orders.

Mar 28, 2015

Argentina suspends Citibank Argentina from capital market operations

BUENOS AIRES (Reuters) – The Argentine securities regulator
said on Friday Citibank Argentina had violated local laws in
striking a deal with litigating U.S. hedge funds and suspended
the bank from conducting capital market operations.

Under the accord, Citibank agreed not to appeal a U.S. court
ruling that interest payments on Argentina’s restructured local
law bonds could not be processed if the bank was allowed to make
two one-off payments to help it exit its local custody business.

Mar 25, 2015

Argentina sees a ‘scam’ in Citigroup debt deal

BUENOS AIRES (Reuters) – A deal between Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and a U.S. judge allowing the banking giant to process two Argentine debt payments and exit its custodian business in Argentina may violate the country’s laws, Economy Minister Axel Kicillof said on Wednesday.

Argentina is concerned Citigroup’s departure may further hamper the chances of debt interest payments on local law debt restructured after its record 2002 default reaching bondholders.

Mar 25, 2015

British government using Falklands for election gains: Argentina

BUENOS AIRES (Reuters) – Britain’s remark that Argentina remains a threat to the disputed Falkland Islands is baseless and aimed at stirring nationalist sentiment ahead of a May general election in that country, a senior Argentine government official said on Wednesday.

Britain’s defense secretary told lawmakers on Tuesday that it would reinforce its military presence on the Falklands to ensure they were properly protected.

Mar 13, 2015

Peru’s currency woes prevented rate cut: central bank chief

BUENOS AIRES, March 13 (Reuters) – Peru’s central bank chief
said on Friday that concerns about the local currency’s slide
against the dollar kept the monetary authority from lowering the
benchmark interest rate to boost the flagging economy.

The central bank weighed cutting the key rate on Thursday,
President Julio Velarde said, after inflation eased under its
target ceiling and a poll of business and consumer sentiment
signaled a slower economic recovery than expected.

Feb 26, 2015

Argentine judge throws out cover-up charge against president

BUENOS AIRES (Reuters) – An Argentine judge dismissed the accusation made by state prosecutors that President Cristina Fernandez conspired to cover up Iran’s alleged role in a deadly 1994 bombing, the country’s court system said in a statement on Thursday.

The judge ruled he would “discontinue” the case which had been revived earlier this month after its initial prosecutor, Alberto Nisman, was found shot dead on Jan. 18 in mysterious circumstances that sparked political turmoil and the revamping of the country’s spy agency.

Feb 14, 2015

Top officials close rank around Argentina’s embattled president

BUENOS AIRES (Reuters) – Top government officials rallied behind Argentina’s President Cristina Fernandez on Saturday after a state prosecutor said he would keep investigating accusations that she tried to cover up Iran’s alleged involvement in a 1994 bombing.

The allegations have plunged Fernandez’s last year in office into turmoil at a time her leftist government is already grappling with an economy teetering on the brink of recession.

Feb 13, 2015

Argentina prosecutor goes ahead with Fernandez cover-up case

BUENOS AIRES (Reuters) – An Argentine prosecutor on Friday said he was taking over an investigation into claims President Cristina Fernandez tried to cover up Iran’s role in a 1994 bombing, after the previous prosecutor died mysteriously last month.

The appointment of Gerardo Pollicita as the new state investigator on the case ensures the probe will continue after prosecutor Alberto Nisman was found dead in his apartment on Jan. 18.

Feb 5, 2015

Ex-Argentine spy boss wanted for questioning in prosecutor’s death

BUENOS AIRES (Reuters) – Argentine investigators want to grill a former spy chief over the death of a state prosecutor who alleged the country’s president tried to thwart his investigation into the 1994 bombing of a Jewish center.

Oscar Parrilli, head of the Intelligence Secretariat, known as SI, said ex-counterintelligence boss Antonio Stiusso would be allowed to divulge agency secrets so investigators could question him fully about events leading up to Alberto Nisman’s death.