20/07/2011 | Argentina

US court blocks Brady bonds swap

A bond holder who sued Argentina when the country stopped paying its debt in 2002, received a favorable ruling from a US court, which blocked a debt swap of unpaid Brady bonds for a total amount of 270 million dollars, which were negotiated in 2011.

01/08/2011 | Argentina

'A US default would have had delicate consequences on global economies,' Gov't says

Economy Minister Amado Boudou referred to the US debt deal, which was agreed upon late on Sunday to avoid the country entering default. He also ratified that the Government will pay US$ 2.20 billion corresponding to Boden 2012 bond payments.

03/08/2011 | Argentina

Gov't confirms payment of 2012 Boden bonds

The national Government has paid the US$2.2 billion corresponding to payments of the 2012 Boden bonds with reserves of the Central Bank, President Cristina Fernández de Kirchner announced.

18/10/2012 | Argentina

Capitanich: ‘Nat’l Gov’t not involved in peso bonds swap decision’

Chaco governor Jorge Capitanich once again defended the decision to swap a dollar debt into pesos and assured that the National Government had not had any involvement in the decision he made last week. He also stated that the province followed a Central Bank disposition.

26/10/2012 | Argentina

Price of Argentine global bonds plunge after US court decision

26/10/2012 | Argentina

'Ruling does not change the status quo,' Finance Secretary

Finance Secretary Adrián Cosentino assuredthat the ruling of an appeals court which partially confirmed the ruling of US judge Thomas Griesa in favour of vulture funds “is suspended from the moment it was issued,thus the current status quo has not been changed.”

30/10/2012 | Argentina

S&P downgrades Argentina's rating on 'vulture funds' ruling

Standard & Poor's Ratings Services reported it has downgraded Argentina's sovereign credit rating from "B" to "B-," following the US Second Circuit Court of Appeals affirmed the ruling over "vulture funds."

30/10/2012 | Argentina

Standard & Poor's complete report

31/10/2012 | Argentina

Bond prices sink, risk spread grows after S&P downgrade

The price of benchmark bonds in dollars sank as much as 7 percent in early over-the-counter trade today, a day after Standard & Poor's downgraded the country's sovereign credit rating.

22/11/2012 | Argentina

'Government sought unfavourable ruling to hide domestic issues'

22/11/2012 | Argentina

Argentina says Judge Griesa's ruling 'unfair,' to request revision on Monday

Economy Minister Hernán Lorenzino assured during a press conference that "paying off the vulture funds is illegal," and said that the ruling by US District Judge Thomas Griesa against Argentina is "unfair." The minister also warned that Griesa's ruling might affect the international financial system, and the country as well.

13/12/2012 | Argentina

BA stocks end slightly down

13/12/2012 | Argentina

CFK ratifies Argentina to pay $3.5 billion in GDP-bonds

President Cristina Fernández de Kirchner assured that “against all foreign and domestic attempts” at stopping it, Argentina will pay on Friday $3.5 billion dollars in GDP-bonds, which represents the largest payment to private bondholders since 2001.

16/12/2012 | Argentina

YPF sells 323M pesos worth of bonds

YPF closed its first bond sale oriented toward small investors after selling 323 million pesos worth of bonds to more than 10,000 investors. The offer had been accompanied by a media blitz campaign aimed at attracting investors throughout the country.

25/01/2013 | Argentina

'Vulture funds' say Argentina must pay up

Investors who refused to join two sovereign debt restructurings by Argentina urged a US court to force the country to pay them.

22/12/2010 | Argentina

Lorenzino: 'The swap offer is a gesture of good will to creditors'

The government reopened a debt swap launched earlier this year, moving to mop up a remaining $6.1 billion in default and reduce lawsuits against the country.

20/07/2012 | Argentina

YPF buys back $79 million in 2028 bonds

Recently nationalized energy company YPF bought back $79 million in 2028 bonds, a stock market filing showed today.

13/08/2012 | Argentina

YPF to issue $760 million in bonds

Argentina's YPF will issue bonds for 3.5 billion pesos ($760 million) as part of its push to reduce fuel imports by investing in domestic output, the state-controlled energy company said in a letter to regulators today.

06/03/2013 | Argentina

YPF to issue 500 million pesos worth of bonds

YPF state-owned oil company announced that they will issue two sets of convertible bonds that combined are worth 500 million pesos, the equivalent to US$230 million according to the official exchange rate.

26/04/2013 | Argentina

BA stocks higher as investors shift from pesos to bonds and shares

The Merval benchmark stock index in Buenos Aires Stock Exchange today rose 1 percent to 3,724.45 points, reaching a 9 percent raise so far the month and gaining 29 percent so far this year.

03/05/2013 | Argentina

Buenos Aires stocks closed higher, hit new record

Buenos Aires Merval benchmark stock index traded1.2 percent higher today at 3.888,10, climbing 4.3 percent so far the week and 34.6 percent so far this year. Yesterday, the index fell 0.1 percent on less-than-expected earnings data from Tenaris

08/05/2013 | Argentina

'Blue' dollar 37 cents higher at AR$10.45, hits new record high

After breaking the key psychological barrier of 10 dollars yesterday, the so called "blue" dollar which trades on the black market climbed again today 37 cents to AR$10.45.

09/05/2013 | Argentina

'Blue' dollar ends at AR$10.03 after plunging 42 cents

The so called "blue" dollar which trades on the black market was plunging today 42 cents to AR$10.03 (selling price) after skyrocketing yesterday to AR$10.45. Meanwhile, the official rate closed one cent higher at AR$5.175 (buying price) and AR$5.23 (selling price) compared to yesterday's close.

10/05/2013 | Argentina

US dollar ends higher, 'blue' transactions halted

Amid a high volatility and uncertainty of the so called "blue" dollar rate which this week skyrocketed to record highs, traders were not operating today due to increasing fears of government controls over the so called "blue" dollar informal market.

14/05/2013 | Argentina

'Blue' dollar down to AR$9.20; official rate ends half-a-cent higher

After two days of a frozen black market dollar, the parallel rate traded today 83 cents lower at AR$9.20 while the official rate ended half a cent higher at AR$5.245 compared to yesterday's close.

14/05/2013 | Argentina

Buenos Aires stocks close with 2 % loss

The Merval benchmark stock index closed at 3,510.11 points today, amid a buoyant session. It reached a 6.8 percent downturn so far the month and a 25.5 percent rise in the year.

15/05/2013 | Argentina

Merval jumps 6% boosted by YPF shares

Buenos Aires Merval benchmark stock index jumped today 6 percent to 3,720.91 points pushed by YPF shares which climbed 12.3 percent in Buenos Aires and 5.6 in Wall Street.

16/05/2013 | Argentina

BA stocks edge down by 0.4 % on black market dollar concerns

The Merval benchmark index was trading 0.5 lower at 3.706,71 points on concerns about the black market dollar, after opening higher pushed by YPF bonds.

15/03/2013 | World

Moody's downgrades Argentina's foreign law bonds

Moody's Investors Service has today lowered the rating of Argentina's foreign law bonds to Caa1. The downgrade reflects the increased default risk of these bonds deriving from ongoing legal proceedings in US courts, and differentiates this portion of Argentina's debt from the rest, according to a communiqué released today.

08/09/2012 | World

EU pushes more moves to stem debt crisis

European Union officials pushed to accelerate moves to stem the bloc's long debt crisis as Italian premier Mario Monti warned that economic suffering was fuelling divisive nationalism on the continent.

30/07/2012 | World

Italy's 10-year yields ease below 6% at auction

Italy's benchmark 10-year borrowing costs eased below 6 percent at auction as rising expectations of bolder policy moves to counter the euro zone's debt crisis boosted demand for debt issued by the bloc's most vulnerable members.

30/01/2013 | World

Fed keeps stimulus in place as economy 'paused'

The US Federal Reserve today left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.

08/08/2011 | World

European Central Bank backs Italy, Spain in bid to halt euro crisis

The European Central Bank intervened dramatically in bond markets today, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the euro zone.

15/11/2011 | World

Greece launches bond swap talks with banks

Greece and private bondholders will begin thrashing out a deal today to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection from the euro zone, sources said.

14/12/2011 | World

Italy 5-year auction yields soar to record 6.47%

Italy paid a euro era record yield of 6.47% to sell five-year paper at its first auction of longer-term debt after the EU moved towards greater fiscal integration at last week's summit, but failed to convince markets it can solve the debt crisis.

29/12/2011 | World

Italy’s Monti calls for more firepower

Italy's Prime Minister Mario Monti called for significantly more firepower for the euro zone's bailout fund after a bond auction did little to ease concerns over how the country would finance public spending in the next few months.

13/02/2012 | World

Greek bond swap seen wrapped up in March

Greece's debt restructuring known as private sector involvement (PSI) will be completed in March and the country will hold elections the following month, the government's spokesman said today.

13/03/2012 | World

Fitch lifts Greece out of default territory after debt swap

Fitch lifted Greece's credit rating out of default territory, becoming the first major rating agency to take the widely expected move after Athens completed a debt swap that cut its debt by about 100 billion euros.

06/04/2012 | World

US backs Argentina in fight against vulture funds

The US government requested a Court of Appeals to reverse the ruling of Judge Thomas Griesa in favour of a vulture fund, which forced Argentina to pay the interest on the debt of bonds exchanges carried out 2005 and 2010, sources said.

19/04/2012 | World

France, Spain clear bond auction hurdle

France and Spain sold all the bonds they wanted at auction today, though for Spain the cost was rising yields, indicating growing concerns the government will not be able to tame its deficit.

23/05/2012 | World

Eurozone tells members to make contingency plans for 'Grexit'

Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but "manageable".

15/02/2011 | Latin America

Merval inches down

The Merval benchmark index dropped 0.5 percent, and stood at 3,490.21 points. Argentina's country-risk climbed 2.6 percent and stood at 558 basis points in the JP Morgan EMBI+ index.

07/07/2011 | Latin America

Brazil to place debt in bonds

Brazil’s government has announced it will place debt and return to the global market of bonds for the first time since Dilma Roussef was sworn in as president in January. The Treasury announced that the country will reopen its global 2021 bond, denominated in dollars, with an initial emission towards Europe and the US. A second emission could take place in Asian markets.