BUENOS AIRES (Reuters) – With less than a year to go in her presidency, Cristina Fernandez has sought her place in Argentina’s cultural history, unveiling Latin America’s largest arts complex, housed in Buenos Aires’s historic former Post and Telegraph Palace.
Named after Fernandez’s late husband and predecessor, Nestor Kirchner, the Kirchner Cultural Center’s focal piece is an avant-garde bulbous “blue whale” auditorium. With wooden slats on the walls evoking a whale’s ribs, it will house the nation’s previously homeless symphony orchestra.
BUENOS AIRES (Reuters) – Argentina’s central bank is ramping up issuance of short-term debt to soak up pesos and contain one of Latin America’s quickest inflation rates, but risks creating another financing headache for the next government.
So far this year, the central bank has issued far more short-term “Lebac” securities, which typically range from three-months to one-year in maturity, than in all of 2014.
BUENOS AIRES, April 21 (Reuters) – Cash-strapped Argentina
sold $1.4159 billion worth of local law Bonar24 bonds in a
top-up on Tuesday, receiving bids for more than three times the
amount on offer, the Economy Ministry said.
The strong demand, despite risks to payment of the bonds
stemming from Argentina’s long-running battle with holdout
creditors, suggests investors are keen to gain exposure to the
country ahead of elections in October.
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.
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
BUENOS AIRES (Reuters) – The Argentinian government took out full-page advertisements in local newspapers on Wednesday, stressing that a stalled agreement with Iran remained the best way to get to the bottom of the deadly 1994 bombing of a Buenos Aires Jewish community center.
An Argentine federal court last year struck down the controversial deal, which would have allowed the interrogation of Iranian suspects. Tehran denies any responsibility for the attack that killed 85 and refuses to extradite its citizens.
BUENOS AIRES (Reuters) – Argentina’s economy minister said
on Tuesday “me-too” investors who want compensation for debt
owed since the country’s 2002 default have lodged claims for
between $7 billion and $8 billion in the hope of gaining from
its legal battle with other holdouts.
A U.S. judge ordered Argentina in 2012 to pay a group of
hedge funds that did not participate in its 2005 and 2010 debt
restructuring, including Elliott Management Corp’s NML Capital
Ltd and Aurelius Capital Management, $1.33 billion plus
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 center 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.
BUENOS AIRES (Reuters) – Argentine public prosecutors have always needed steely nerves to investigate high ranking officials, business tycoons and criminals: threats to kidnap their children, blackmail and attempts to impeach them come with the turf.
But even to the most hardened, the mysterious death last month of prosecutor Alberto Nisman the night before he was to testify about his allegations that President Cristina Fernandez tried to derail his probe into a bombing attack came as a shock.
BUENOS AIRES (Reuters) – An Argentine prosecutor’s mysterious death days after he made criminal charges against President Cristina Fernandez is part of an attempt to unseat her and bring neoliberals back to power, a senior government official said on Monday.
The comments by Gustavo Lopez, an undersecretary in the presidency, follow the death of Alberto Nisman on Jan. 18 after he accused the president of derailing his investigation into a 1994 bombing of a Jewish community center.