
Argentine ex-President Cristina Fernández de Kirchner allowed to serve corruption sentence at home
Judges ruled that Fernández, 72, can serve time in the apartment where she lives with her daughter and her granddaughter, citing her age and security reasons. Fernández was the victim of an attempted assassination three years ago.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Argentina Reaches IMF Staff Agreement to Unlock $2 Billion
(Bloomberg) -- Leer en español Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Trump Administration Sues NYC Over Sanctuary City Policy Argentina reached an agreement with the International Monetary Fund staff on the first review of the country's $20 billion program, a vote of confidence for President Javier Milei ahead of midterm elections in October. Pending approval by its executive board, the IMF would disburse $2 billion to Argentina, according to a statement from the Washington lender Thursday evening. The executive board plans to meet before the end of July to vote on the first review, the IMF added. As part of the agreement, IMF staff praised how 'smoothly' Argentina's transition to lifting many capital and currency controls has gone, while noting they reached an understanding with government officials on 'continuing to enhance the clarity and functioning of the monetary framework,' among other goals. The country's dollar bonds rose across the curve on the news, with notes maturing in 2035 jumping almost 0.6 cents on dollar to trade above 65 cents, according to indicative pricing data compiled by Bloomberg. This marks the first review under the program granted to Milei's libertarian government in April, which made available an unusually large $12 billion chunk of the financing upfront. Under the agreement, Argentina has significantly relaxed currency and capital controls, which have been in place to varying degrees since 2019. The peso now floats in a target band and individuals can buy dollars without restrictions, while companies are allowed to send dividends earned this year abroad. However, companies are still restricted from buying dollars at the official exchange rate, while dividend payments from previous years remain trapped in the country. Through June, Argentina had struggled to build up foreign currency reserves since the start of the program as the government sought to prevent the peso from devaluing. It has mainly used bond sales and repurchase agreement with international banks to acquire reserves. In recent weeks, the Treasury has bought dollars to help build up central bank reserves due to its fiscal surplus. Argentina's economy is expected to grow 5% this year after contractions the past two years, according to the central bank's most recent survey of analysts. Monthly inflation in May cooled to its lowest level since the pandemic, only mildly accelerating in June. (Updates with dollar bond moves in fourth paragraph.) Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
2 days ago
- Bloomberg
Milei's Inner Circle See Cracks Emerge Over Ruling Party Hopefuls
The influential sister of Argentine President Javier Milei is trying to quash dissent within the ruling party that threatens to complicate the libertarian leader's prospects in a pair of crucial upcoming elections. Karina Milei, one of her brother's most trusted confidants, weighed in Wednesday with a rare public statement seeking to impose party discipline after some supporters of the president chafed at the list of local candidates for the province of Buenos Aires ahead of an election there in September.


Washington Post
2 days ago
- Washington Post
Remarks by Trump's pick for ambassador spark a political storm in Argentina
BUENOS AIRES, Argentina — U.S. President Donald Trump's choice for ambassador to Buenos Aires sparked a storm Wednesday over his remarks that Argentina's powerful ex-president should face justice in cases in which she was never convicted and his pledges to use his posting as a bulwark against China. Opposition politicians in Argentina accused Peter Lamelas, Trump's nominee for ambassador to the second-biggest South American country, of violating diplomatic conventions, interfering in Argentine domestic affairs and meddling in judicial matters.