Argentina has filed its final written arguments in a court showdown with creditors in New York, suggesting the nation's economy would be ruined and a dangerous global precedent would be set if it loses its appeal. In briefs filed minutes before the appellate court's deadline, early Saturday Buenos Aires time, the South American government refused to cede any ground to a group of holdout creditors it calls "vulture funds." The briefs also said Read more [...]

Argentina and France won with a day to spare on Saturday to set up a Davis Cup quarter-final in April. Serbia also led their first-round tie by an unbeatable 3-0 after beating Belgium in doubles in Charleroi. The Serbians awaited the winner in Jacksonville, Florida, where the United States led Brazil 2-1.Also, Austria won the doubles to stay alive against Kazakhstan, and Italy led Croatia in Turin for the first time after winning a four-set doubles. Canada had a chance late to upset a depleted Spain Read more [...]

Argentina’s government argued that the judge’s remedy would make it impossible for other nations to negotiate better terms when their economies sink too deeply to maintain foreign debt payments. If upheld, the ruling would give all the power in such talks to a small minority of bondholders who refuse to accept anything less than full payment for their investment.The holdouts, led by NML Capital Ltd., an investment fund controlled by U.S. billionaire Paul Singer, want to be paid the full originally Read more [...]

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2013-02-01 22:02 Port Stanley, Falklands (Picture: Supplied) Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  Â·  Send us your stories London - Britain told Argentina on Friday it was unwilling to discuss the disputed status of the Falkland Islands unless talks included the local pro-British authorities there too, deepening Read more [...]

Milan:  Argentine football legend Diego Maradona has won his right to return to Italy after being cleared of owing nearly 40 million euros in taxes, reports said on Friday.Maradona, the World Cup winner who helped Napoli to their only two league titles in Serie A in 1987 and 1990, had been banned from setting foot in Italy because of an alleged unpaid tax bill of 37.2 million euros Read more [...]

The UK Foreign Office has said that it is "massively disappointed" with the decision of Argentina's foreign minister to turn down the offer of talks with William Hague over the future of the Falklands, after a row over whether the islanders should be present.Argentina's foreign secretary, Hector Timerman, had objected to representatives of the Falkland Islands government being part of the talks, but a spokesperson for the UK Foreign Office has said it would be "unthinkable" not to include the Read more [...]

Argentina is pursuing a novel solution to the shortage of land for social housing in Buenos Aires: building on its railways. The national government has announced a competition inviting architects to submit plans for housing on 544,000 square metres of railway land valued at $290m (£165m) in three areas of the capital, including the affluent central Palermo district.The first wave of the project foresees the creation of housing and green spaces on land occupied by obsolete workshops and garages, Read more [...]

The United States said Thursday that it was skeptical that a just solution would result from the formation of a joint Argentinian-Iranian "truth committee" to investigate the 1994 AMIA bombing."Iran’s record of cooperation with international authorities is profoundly deficient, which underlines the concern that its engagement on this matter be focused on achieving justice promptly," the State Department said at a daily press briefing."We continue to stress that the Iranian government Read more [...]

Sponsored link: Search Right. IndiaProperty.com Argentina face Germany in the Davis Cup first round this weekend on shakier ground at home than when they beat their opponents 4-1 away at the same stage last year. World number seven Juan Martin del Potro is not playing the Davis Cup at all this year having decided he wants to concentrate fully on trying to break into the world's top four.This has gone down badly with many of his compatriots, who criticise his lack of commitment to a Read more [...]