Beverly Hills 1/9/2010 1:29:30 AM
News / Business

Argentine Judge Blocks Presidential Fund

Finance World News Update by EQUITIES Magazine

Today Argentinean Justice Maria Jose Sarmiento issued an injuction after opposition leaders filed a legal challenge to President Cristina Fernandez’s order for the Central Bank to give $6.6 billion in foreign currency reserves to the treasury.

 

This is the latest move in Argentina’s political conflict over using Central Bank reserves to pay dept. The country has been trying to win back investor confidence and issue billions of dollars in global bonds eight years after a massive debt default.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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