Five nations were fined for fan chants during World Cup qualification games.FIFA has fined Argentina, Chile, Mexico, Peru and Uruguay for anti-gay chants by their national team's fans. FIFA said on its website that the "insulting and discriminatory chants" came during qualifying matches for the 2018 World Cup. Chile's fine is the biggest at 70,000 Swiss francs ($70,000) over cases at four different matches. The governing body imposed fines of 20,000 Swiss francs ($20,000) on Argentina, Mexico, Peru Read more [...]

Argentina will submit a proposal to settle a decade-long legal battle with holders of defaulted bonds from 2001 later this month, according to the Finance Ministry.Finance Secretary Luis Caputo met for five hours Wednesday with representatives of the holdout creditors in New York for the first time since President Mauricio Macri took office last month. The proposal will be submitted to court-appointed mediator Daniel Pollack during the week starting Jan. 25 and will address principal holdout creditors Read more [...]

(Corrects dates in first and second paragraphs to week of Jan. 25, not Jan. 21-25)NEW YORK Jan 13 Argentina aims to submit a proposal to solve its long-running legal battle over unpaid debt to the suing creditors and U.S. court-appointed mediator Daniel Pollack by the week of Jan. 25, Finance Secretary Luis Caputo said on Wednesday. "The final conclusion is that we will be making an Argentine proposal by the week of Monday, Jan. 25 to the mediator Pollack and the holdouts for Read more [...]

Oops, Page Can't be Found (Error 404) For one reason or another (mis-typed URL, faulty referral from another site, out-of-date search engine listing or we simply deleted a file) the page you were after is not here - this site has recently undergone a major re-working, so that might explain why you got this page instead. Click here to go the home page or click an individual sport below. Football Rugby Cricket Read more [...]

Argentina intends to reduce its fiscal deficit to 1 percent of gross domestic product and bring down annual inflation to about 5 percent by the time newly-elected President Mauricio Macri finishes his term in 2019.The government will take a gradual but firm approach to tackling the budget shortfall, aiming to reduce it by 1 percentage point this year from 5.8 percent of GDP in 2015, the widest in 30 years, Finance Minister Alfonso Prat-Gay said at a news conference Wednesday. That gap increases Read more [...]

I have been to Uruguay so many times in recent years that I feel like I probably deserve a passport from the country. I’m headed back again in March for our latest Offshore Investment Summit. So, when I heard about the recent political changes in Argentina, I immediately thought about the country’s tiny next-door neighbor, Uruguay. There is a truism I’ve heard quite a number of times while in Uruguay talking to bankers, lawyers and real-estate experts: When times are bad, Argentines pour Read more [...]

BUENOS AIRES Argentina's new finance minister said on Wednesday it was imperative to resolve the country's legal dispute with U.S. creditors over unpaid debt because financing of the country's fiscal deficit this year may depend on progress on the issue.Solving the more than decade-long debt battle would enable Argentina to return to global credit markets and stop financing the deficit with the printing presses, a tactic which helped fuel double digit inflation under the previous government.Finance Read more [...]

NEW YORK, Jan 13 (IFR) - Argentina is looking to issue an additional US$1bn of 8% Bonar 2020s as part of a debt exchange in an effort to address a spike in upcoming debt maturities.The new finance team of recently elected president Mauricio Macri said on Wednesday that it intended to tap the existing 8% Bonar 2020s on January 20, while also offering holders the opportunity to exchange Bonar 2017s for the 2020s."This proactive debt liability management (operation) reflects the technical expertise Read more [...]

BARCELONA // Five-time World Player of the Year Lionel Messi has hinted he could end his career by returning to his native Argentina.Messi left his homeland at just 13 to join Barcelona, where he has grown into one of the greatest players of all time.Messi said “it was always my dream” to play in Argentina when he was a boy, though “I had to leave at a very early age because of my situation and it didn’t happen,” he said in an interview published on Fifa.com days after lifting a record Read more [...]

REUTERS/Andres StapffArgentina's President Mauricio Macri waves after being sworn-in to office at the Argentine Congress in Buenos Aires, Argentina, December 10, 2015.Mediators between Argentina and the hedge funds that have been suing the country over around $1.7 billion in unpaid debts will come to the table in New York City on Wednesday.This isn't the first time they've met, but it is the first time the newly elected President of Argentina, Mauricio Macri, has said that his country's mediators Read more [...]