Argentina’s Senate voted in favor of a bill on Wednesday that grants power to the government of President Alberto Fernandez to handle a massive debt restructuring of bonds issued in foreign currency.
The death toll from a new coronavirus in mainland China jumped by 73 to 563 on Thursday, its third consecutive record daily rise, as experts intensified efforts to find a vaccine for a disease that has shut down Chinese cities and forced thousands more into quarantine around the world.
Argentina on Wednesday told the International Monetary Fund that Buenos Aires cannot continue servicing unsustainable debt, as the IMF encouraged it to enact efficient restructuring policies.
A68, a colossus that broke free from the Antarctic in 2017, has pushed so far north it is now at the limit of the continent's perennial sea-ice. When it calved, the berg had an area close to 6,000 sq km and has lost very little of its bulk over the past two and a half years.
Pope Francis staged a surprise visit to admonish the International Monetary Fund chief and several finance ministers to help alleviate the debt burden of struggling countries, calling for “a new financial architecture” to ensure social justice.
Two American passengers on board the cruise vessel Celebrity Eclipse and vomiting blood were rescued in the high seas, some 210 kilometers from the seaside resort of Mar del Plata, by an Argentine Coast Guard helicopter on Tuesday.
U.S. House of Representatives Speaker Nancy Pelosi had not planned to tear up President Donald Trump’s State of the Union speech but decided to do so after she could not find a page “that didn’t have a lie on it,” she told fellow Democratic lawmakers on Wednesday.
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement after meeting with Argentina’s Economy Minister Martin Guzmán in Rome:
Argentina's industrial output rose 1.2% in December versus the same month a year earlier, the government statistics agency said on Wednesday, returning to positive territory for the first time in 20 months as the country grapples with the recession.
Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.