Argentina

Friday, May 22nd 2020 - 08:58 UTC
Argentine negotiations with creditors deadline extended to June 2

The Argentine Ministry of Economy extended until June 2 the term to renegotiate the US$ 67 billion of debt securities issued under foreign law, with the aim of continuing negotiations with creditors.
Friday, May 22nd 2020 - 08:37 UTC
IMF optimistic Argentina and creditors can reach an agreement

The International Monetary Fund expressed optimism that Argentina can reach an agreement with private creditors “to establish a sustainable path in the future” when the government of President Alberto Fernandez formally extended the deadline term to reach an understanding on the US$ 67 billion debt.
Thursday, May 21st 2020 - 08:55 UTC
Argentina and creditors find a path to reach an understanding and avoid default

Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.
Thursday, May 21st 2020 - 08:49 UTC
Controversy in Argentina over a new bank bill with the image of a brilliant doctor with Nazi connections

Argentina's Jewish community has expressed outrage at the decision to print a banknote bearing the likeness of a doctor who expressed support for Nazi ideology and even backed Josef Mengele's experiments on Jewish prisoners in Auschwitz.
Wednesday, May 20th 2020 - 21:54 UTC
Argentina establishes a minimum oil price of US$ 45/barrel for domestic sales

Oil companies in Argentina are obligated to maintain production, payrolls, and investment and cannot repatriate profits under a decree that establishes above-market prices for domestic crude. The decree published on Tuesday sets a minimum price of US$ 45/bl for domestic sales of light sweet Medanito crude.
Wednesday, May 20th 2020 - 08:56 UTC
Puerto Madryn 2020/21 cruise season agenda and calls “stand”; first vessel expected 25 October

The head of the port's administration of Puerto Madryn, in Argentine Patagonia, said that so far the coming 2020/21 cruise season “stands”, and the first vessel is scheduled to call in the Chubut province maritime terminal next 25 October, despite the pandemic.
Wednesday, May 20th 2020 - 08:55 UTC
Argentine government negotiating creditors' counteroffers ahead of Friday deadline

Argentina’s government and its creditors are edging toward a deal to revamp US$ 65 billion in foreign debt but still have a distance to close between an initial offer from the government and counteroffers from bondholders ahead of a Friday deadline.
Wednesday, May 20th 2020 - 08:52 UTC
Cordoba re-imposes social isolation following an easing of lockdown measures

Argentina's second city Cordoba has rolled back on the easing of lockdown measures following a sharp spike in coronavirus infections, authorities said on Tuesday. Social isolation measures have been in place in Argentina since March 20, but some local and regional authorities were allowed to relax those, particularly in areas with few cases.
Tuesday, May 19th 2020 - 14:33 UTC
Tim Atkin's report on the remarkable transformation of Argentine wines

The latest annual report, which is available through his website timatkin.com, is the eighth of his annual reports from Argentina. Atkin said: “I first went to Argentina in 1992 and the transformation has been remarkable. I can’t think of another country, even South Africa that has changed so much in my wine writing lifetime.
Monday, May 18th 2020 - 08:45 UTC
Argentine anti corruption office drops two cases against Cristina Kirchner and siblings

In the midst of the pandemic Argentine vice president, Cristina Fernandez managed one of the objectives that the opposition claims were part of the political agreement with current head of state Alberto Fernandez, who was elected with the landslide of votes from the former president.