Stories for February 2020

Friday, February 14th 2020 - 08:28 UTC
Argentina anticipates rough times for bondholders in any of three possible economic scenarios

Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned that holders of Argentine debt will probably be disappointed by the restructuring, without providing specifics on how steep losses could be.
Friday, February 14th 2020 - 08:22 UTC
US criticizes lack of transparency from China over the coronavirus outbreak

The United States feels let down by a lack of transparency from China over the coronavirus crisis, a senior White House official said on Thursday. “We are a little disappointed that we haven't been invited in and we're a little disappointed in the lack of transparency coming from the Chinese,” Larry Kudlow, the director of President Donald Trump's Economic Council, told reporters.
Friday, February 14th 2020 - 08:06 UTC
Ascension Island airport to reopen to wide-body traffic by 2022

The runway at Georgetown Wideawake Airport on Ascencion Island will be repaired by 2022 allowing AirTanker-operated A 330-200 flights to return, Fluor, the company which won the contract, said in a statement.
Friday, February 14th 2020 - 08:02 UTC
OAS Observation mission to monitor March elections in Guyana

The Organization of American States (OAS) and Guyana have agreed to send an Electoral Observation Mission to the Caribbean country to observe the general and regional elections of March 2, 2020, during a ceremony held at the headquarters of the hemispheric institution in Washington, D.C.
Friday, February 14th 2020 - 07:23 UTC
Falkland Islands announces partner to develop new port

The Falkland Islands Government (FIG) announced on Thursday it has selected a development partner to design and build a new port in Stanley Harbour. After an extensive global procurement process, FIG is pleased to announce that it has agreed to BAM Nuttall Ltd as its development partner, subject to successful conclusion of contract. The aim is for the contract to be agreed and signed by the end of March 2020.
Thursday, February 13th 2020 - 10:15 UTC
Argentina/Falklands dispute at the Badminton Pan Am Cup 2020 in Brazil

Argentina is threatening a Falkland Islands team to play under the name “Islas Malvinas” or to pull out of an international competition, it has been claimed. Falkland Islands Badminton are vowing to “not give in to bullies” amid alleged tensions ahead of the Badminton Pan Am Male & Female Cup 2020, which is due to commence on Thursday.
Thursday, February 13th 2020 - 10:12 UTC
IMF mission begins talks in Argentina; Government presented his fiscal plan to Congress

Recession-hit Argentina opened talks on Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. The delegation, led by Julie Kozack and Luis Cubeddu, arrived in Buenos Aires for a week-long visit as left-wing groups staged public protests to demand a suspension of debt payments.
Thursday, February 13th 2020 - 10:10 UTC
Bolsonaro-Alberto Fernandez summit and “cordial embrace” in Montevideo next March first

Brazilian president Jair Bolsonaro has proposed a meeting with his Argentine peer Alberto Fernandez on March first in Montevideo when Uruguayan president-elect Luis Lacalle Pou takes office. The information was announced by Argentine foreign minister Felipe Solá, after meeting president Bolsonaro for fifty minutes at his office in Brasilia.
Thursday, February 13th 2020 - 10:08 UTC
Biggest smartphone conference in Barcelona cancelled because of coronavirus concerns

The biggest smartphone conference of the year was just canceled. The organizers of Mobile World Congress in Barcelona, GSMA, announced in a statement on Wednesday that the conference was canceled because of concerns about the coronavirus.
Thursday, February 13th 2020 - 10:08 UTC
Brazilian economic model is changing, “lower interest rates and a weaker Real”

Brazilian Economy minister Paulo Guedes said that the economic model has changed and no long is made up of high interest rates and a strong Real. His comments follow concerns that the exchange rate of the Real against the US dollar has been increasing sustainedly for the last few days.