Stories for August 29th 2019

Thursday, August 29th 2019 - 19:12 UTC
US State Department confirms close association with Argentina and whoever wins 27 October election

United States said on Wednesday it expects to continue with the solid association with Argentina, 'whoever is the candidate that the Argentine people elect as their next president', on 27 October according to a source from US State Department Western Hemisphere Affairs.
Thursday, August 29th 2019 - 19:00 UTC
Ivanka Trump will be visiting Colombia, Argentina and Paraguay

United States Deputy Secretary of State John J. Sullivan will travel with Advisor to the President Ivanka Trump to Colombia, Argentina, and Paraguay September 3-6.
Thursday, August 29th 2019 - 10:50 UTC
Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.
Thursday, August 29th 2019 - 10:16 UTC
Argentina sells US$ 367m reserves to prop the Peso; country risk at another record level, 2.125 points

Argentina’s peso was battered on Wednesday as the central bank sold US$ 367 million of its dollar reserves in a second consecutive day of heavy intervention aimed at controlling the currency’s fall. Likewise the country risk rose 135 basis points to 2,125, its highest in 14 years, before partially recovering, according to the JP Morgan Emerging Markets Bond Index Plus.
Thursday, August 29th 2019 - 10:00 UTC
Furious reactions, political and in the streets to the suspension of Parliament

British Prime Minister Boris Johnson manoeuvred on Wednesday to give his political opponents even less time to block a chaotic no-deal Brexit before the Oct. 31 withdrawal deadline, winning Queen Elizabeth II’s approval to suspend Parliament, but his critics were outraged.
Thursday, August 29th 2019 - 09:49 UTC
IMF held “productive talks” in Argentina and is analyzing the impact of the latest debt operation announced

The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said. IMF staff understands that Argentina has taken “important steps” to address liquidity needs and safeguard reserves, the statement by IMF spokesman Gerry Rice said.
Thursday, August 29th 2019 - 09:45 UTC
Bolsonaro will join with other Amazon countries to set a common policy to protect the rainforest

Brazilian President Jair Bolsonaro said on Wednesday he would meet with other South American countries to set common policy for defending the Amazon rain forest, while his foreign minister said Brazil should be seen as an environmental hero.
Thursday, August 29th 2019 - 09:42 UTC
Bolivia admits fires have destroyed 1.2m hectares of forest; ecologists demand an end to bill promoting pastures

Fires have destroyed 1.2 million hectares of forest and grasslands in Bolivia this year, the government said on Wednesday, though environmentalists claim the true figure is much greater.
Thursday, August 29th 2019 - 09:42 UTC
US did not agree to the G7 US$ 20 million emergency aid for the Amazon

The United States did not agree to a US$20 million emergency aid package to help battle wildfires announced by French President Emmanuel Macron at a G7 summit this weekend, a spokesman for the US National Security Council (NSC) said on Wednesday.
Thursday, August 29th 2019 - 09:41 UTC
Venezuela political talks “aren't working”, admits opposition leader Guaidó

Venezuela's opposition leader Juan Guaido admitted on Wednesday that talks with the government of President Nicolas Maduro aimed at resolving the country's political crisis “aren't working.” Talks mediated by Norway first took place in May in Oslo with several subsequent rounds in Barbados.