Southern Cone

Argentina: US hedge funds force bond default

Argentina has defaulted for the second time in 13 years, thanks to US investors and US courts. Economists warn that the precedent could threaten the global financial system.

Southern Cone

BRICS nations plan new development bank

Five large non-Western economies are planning a new development bank, but activists say the bank's impact will depend on the ability of the countries' populations to mobilize.

Southern Cone

Argentina: deal to probe AMIA blast struck down

An appeals court in Argentina ruled that a controversial agreement with Iran to investigate the 1994 bombing of a Buenos Aires Jewish community center was unconstitutional.