Venezuela Enlists Russia, China on Bond Sale to Ease Cash Crunch

Venezuela is turning to friends in Russia and China to get its hands on desperately needed cash. With the state-owned oil producer effectively shut out of the bond market with yields exceeding 20 percent, the company has hired Moscow-based Gazprombank JSC to arrange the sale of as much as $1.6 billion of yuan-denominated notes.

Argentina raises 4.7 bln pesos in local debt sale

BUENOS AIRES, April 16 (Reuters) - Argentina on Thursday raised 4.713 billion ($531.5 million) pesos in a sale of 12-month and 18-month local, peso-denominated debt, the economy ministry said.

Argentina central bank chief quits, raising policy uncertainties

(Reuters) - Argentina's central bank chief resigned on Wednesday after a long tussle with the economy minister and was replaced with a regulator seen as sympathetic to the interventionist stance of a government fighting one of the world's highest inflation rates.

Argentina Default Would Deepen Recession, Centennial Says

A failure by Argentina to avoid a second default in 13 years will deepen the recession, fuel inflation and prompt a selloff in the peso, according to Claudio Loser, a former International Monetary Fund director.

Argentina falls, but no longer drags down Brazil

RIO DE JANEIRO (AP) -- When Argentina fell into the economic abyss a decade ago after defaulting on its sovereign debt, Brazil suffered right along with it, nearly following its neighbor into insolvency.

Russian central banker declares homes in U.S., Mexico

MOSCOW (Reuters) - A senior Russian central bank official has declared ownership of six apartments in Mexico and a home in the United States, possibly leaving him open to criticism as President Vladimir Putin campaigns to curtail holdings of foreign assets.

Argentine cash controls bring bargains, headaches

BUENOS AIRES, Argentina (AP) — The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital.

Analysis: Argentine inflation "resilient" despite slowing growth

BUENOS AIRES (Reuters) - Argentine dairy farmers dumped truckloads of milk in protests this week while millions of commuters endured the longest subway workers strike in history, all thanks to high inflation that is not seen easing despite a sharp economic slowdown.