Argentina

• Monday, February 15th 2021 - 09:54 UTC

  Falklands defined as British Independent Overseas Territory by US Navy triggers reaction in Buenos Aires

  

  The Argentine government expressed deep concern following a report in the official twitter from the United States Commander Submarine Force Atlantic, (Comsublant) in which it reveals that it had recently operated in the South Atlantic, “with British support” from the Falklands, “in a display of the global reach of both nations.”

• Monday, February 15th 2021 - 09:38 UTC

  Ex president Carlos Menem, political wizard and bon vivant dies aged 90

  

  Former Argentine president Carlos Menem died at the age of 90 on Sunday in a clinic in Buenos Aires, where he was admitted in December with a urinary tract infection. The president ruled Argentina during a time of short-lived economic stability and he enjoyed an often flamboyant lifestyle.

• Friday, February 12th 2021 - 09:49 UTC

  January inflation in Argentina, 4%, questioning government 2021 targets

  

  Argentina's Consumer Price Index, CPI rose in January for the second month running 4%, questioning the government's target of 30% inflation in 2021. In effect twelve-month inflation reached 38,5% in January, following on the 4% for December, according to the latest release from the country's stats office, Indec.

• Friday, February 12th 2021 - 09:32 UTC

  Argentina's Patagonia bank teams with Swiss UBS and Banco do Brasil to have a global platform

  

  UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.

• Thursday, February 11th 2021 - 09:45 UTC

  Argentina's goal of an IMF agreement by May, “is an ambitious timeline”

  

  Argentina is planning to reach an agreement with the International Monetary Fund (IMF) on a new restructuring program by May, an ambitious timeline according to the IMF’s Western Hemisphere Director Alejandro Werner.

• Thursday, February 11th 2021 - 08:18 UTC

  FAO anticipates a sharp decline in global cereal stocks

  

  FAO's Cereals Supply and Demand Brief point to record wheat and rice production in 2020 and looking ahead to 2021 cereal output, early prospects indicate a likely modest increase for winter wheat crops in the northern hemisphere, buoyed by acreage increases in France, India, the Russian Federation and the US.

• Tuesday, February 9th 2021 - 09:43 UTC

  Fernandez expects IMF to grant Argentina more flexible repayment terms

  

  President Alberto Fernández believes the International Monetary Fund (IMF) should grant Argentina more “flexible” terms on the repayment terms of the debt and warned that increasing inflation could lead his government to again hike export taxes, the president said in an interview on Sunday with newspaper Página/12.

• Tuesday, February 9th 2021 - 09:20 UTC

  YPF closer to restructuring its debt, expecting to concentrate in boosting shale deposits in Patagonia

  

  Argentina’s state-managed oil giant expects to avoid a costly default next month after it won support for a debt swap from a large creditor group. The so-called Ad Hoc Bondholder Group, which holds 45% of YPF’s 2021 notes, expressed support for the exchange after the company increased its cash sweetener over the weekend.

• Tuesday, February 9th 2021 - 08:43 UTC

  Argentine oilseed crushers say they reached a deal to hold down domestic edible oil prices

  

  Despite confusing news from Argentina following president Alberto Fernandez's announcement that he is prepared to reimpose levies on grains and oilseeds exports if food prices keep increasing, oilseed crushers said they had reached a deal with the government to hold down domestic edible oil prices.

• Saturday, February 6th 2021 - 08:47 UTC

  IMF chief Georgieva tells Argentina, “it takes two to tango”

  

  The chief of the International Monetary Fund (IMF), Kristalina Georgieva said on Friday that the fund is working towards reaching an agreement on a new loan deal with Argentina and the next round of meetings will focus on the details. However, “'it takes two to tango' so both sides need to do our part and find the pathway to an agreement, and we are not yet at that point.”