Argentina

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Tuesday, April 14th 2020 - 08:58 UTC

  Face masks mandatory in Buenos Aires as of next Wednesday

  

  Argentina’s capital Buenos Aires authorities on Monday announced it was stepping up measures to curb the COVID-19 outbreak by making face masks mandatory on public transit.

• Tuesday, April 14th 2020 - 08:45 UTC

  Parana river water level hampering grain transport in the midst of peak harvest

  

  Below normal rains in the Parana-Paraguay water basin is hampering grain transport through waterways in Argentina as the water level of the river has dropped significantly, Bolsa de Comercio de Rosario, or BCR, said in a report.

• Tuesday, April 14th 2020 - 07:19 UTC

  Ex Argentine scrum-half on campaign to become World Rugby chairman

  

  Former Argentina scrum-half Agustin Pichot has launched his campaign to become chairman of World Rugby. Pichot has drawn up a six-point plan to force change in the world of rugby - with one part, in particular, catching the eye of many.

• Saturday, April 11th 2020 - 10:20 UTC

  China pledges support to Argentina in its fight against COVID-19

  

  President Xi Jinping said China is ready to continue sharing COVID-19 prevention and control experience with Argentina and offering assistance within its capacity. Xi made the remarks in a recent exchange of messages with Argentina's President Alberto Fernandez.

• Saturday, April 11th 2020 - 10:18 UTC

  YPF slashes oil production 50% as consumption slumps and depots are overflowing

  

  Argentina’s state-held energy firm YPF slashed by 50% the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel demand in Argentina’s lockdown, local news outlet Rio Negro reports.

• Saturday, April 11th 2020 - 10:08 UTC

  Argentina extends lockdown in urban areas until April 27

  

  Argentina will extend until April 27 the lockdown it imposed last month to control the spread of the coronavirus, President Alberto Fernandez said in a televised address on Friday, adding that the measure would be applied only in major cities.

• Thursday, April 9th 2020 - 09:46 UTC

  Argentine food exports face a drop in demand and prices

  

  The United Nations has warned of an impending food shortage due to the coronavirus pandemic as major exporters such as Argentina find it increasingly difficult to sell their produce.

• Tuesday, April 7th 2020 - 08:59 UTC

  Argentina beef exports to the EU and China plunge

  

  Market reports suggest that Argentine beef shipments to the European Union have reduced to almost zero amid the global coronavirus pandemic. Sales to China, the main buyer, have dropped below 2019 levels.