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Montevideo, October 1st 2023 - 02:42 UTC

Stories for February 25th 2016

  • Thursday, February 25th 2016 - 06:57 UTC

    Hollande/Macri 'personal link' “will make things get moving and get done”

    Foreign minister Malcorra received President Hollande at the airport. The French president was delayed because his aircraft suffered mechanical problems in Peru

    The visit of French president Francois Hollande was described as “most positive” and this was reflected in the over twenty bilateral agreements signed in all fields, plus a very significant 'personal link' with his Argentine peer Mauricio Macri, said Susana Malcorra, foreign minister on Wednesday at the Casa Rosada.

  • Thursday, February 25th 2016 - 06:50 UTC

    Moody's downgrades Brazil's sovereign debt to 'junk territory'

    “The downgrade was driven by the prospect of further deterioration in Brazil's debt metrics in a low growth environment” Moody's said.

    Moody's Investors Service on Wednesday joined the two other major credit rating agencies in downgrading Brazil's sovereign debt to junk territory. Moody's lowered Brazil's credit rating by two notches from Baa3 (its lowest investment-grade rating) to Ba2 and changed the country's outlook to “negative,” a move that follows similar actions by Fitch Ratings and Standard & Poor's.

  • Thursday, February 25th 2016 - 06:36 UTC

    Hollande suggests Argentina could help Europe's refugee crisis by taking Syrian families

    Hollande lauded Argentina's history of receiving immigrants, mentioning Syrians and Lebanese who arrived in the South American nation decades ago.

    French President Francois Hollande suggested Wednesday that Argentina could take in some of the hundreds of thousands of Syrians fleeing civil war. The idea appeared to be an off-the-cuff comment during a news conference by Hollande and Argentine President Mauricio Macri after they met privately and signed agreements on issues ranging from fighting terrorism to increasing cultural exchanges.

  • Thursday, February 25th 2016 - 06:27 UTC

    Hollande extends full support for Macri: “France is ready to back you”

    The two presidents at Casa Rosada held talks, signed cooperation agreements and held a media conference

    Argentina's President Mauricio Macri received fresh endorsement of his economic measures on Wednesday when French President Francois Hollande flew in to Buenos Aires with 30 business leaders looking for investment opportunities. The visit reflected a turnaround in Argentina's global profile since Macri took power two months ago and immediately set about mending diplomatic ties and his country's tattered credit ratings.

  • Thursday, February 25th 2016 - 06:16 UTC

    Argentina in pre-accord with toughest hedge funds; Special Master Pollack furious

    A lawyer for Elliott Management Corp. said an agreement had been reached on terms to pay four hedge funds representing about two-thirds of holdout creditors

    Argentina and a group of hedge funds are nearing a deal that would pay investors about 70% of what they say they are owed, as the government moves closer to re-entering the global bond markets following its 2001 default.