Argentina’s President Cristina Kirchner has warned the United States against the serious consequences of what she called US officials’ slandering Buenos Aires over its debts. In a harsh five-page letter on Friday, the Argentina president criticized US President Barack Obama’s choice of hire for a high-level advisory position in his administration. “Could this be a case of namesakes?”... 

The Argentinean Congress has adopted a new law enabling Buenos Aires to pay back the country’s debts to US creditors, sidestepping an earlier US court ruling in favor of the bondholders. On Thursday, the lower house of Argentina’s Congress unanimously voted in favor of the new debt restructuring plan which allows the government to make debt payments inside the country or elsewhere outside the... 

The Fitch ratings agency has downgraded Argentina five notches, saying the country could default on its obligations to US creditors. That’s after a US judge ordered Argentina to set aside $ 1.3bn for debt repayment by December 15. The rating agency cut its long-term rating for Argentina to “CC” from “B,” with the short-term rating being cut to the level one step above default – to “C”...