Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still a distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.
Argentina is examining alternatives to the planned expropriation of financially ailing soymeal exporter Vicentin, including a possible private-public partnership, Production Minister Matias Kulfas and other sources revealed on Wednesday.
MSCI Inc, the world’s largest index provider, warned on Tuesday that the MSCI Argentina Index could be removed from the MSCI Emerging Markets Index should it become harder for foreign investors to access its stock market.
Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.
Argentine president Alberto Fernandez has repeatedly said that the Malvinas question is a matter of State and his government will continue to pursue sovereignty over the Malvinas Islands until we recover the territory, which is currently usurped by the United Kingdom.
Javier Figueroa, currently head of the Argentine embassy in Cuba has been appointed as the next ambassador in the United Kingdom, and according to Clarin is an expert on Malvinas affairs. His time in Havana coincided with Cristina Fernandez daughter Florencia Kirchner medical internment, which impeded her from travelling back to Argentina.
Argentina extended a deadline for bondholders to accept a debt restructuring proposal for the fifth time as creditors blamed the government for “walking away” from talks.
Argentina’s debt markets were rattled on Thursday after bond restructuring talks with creditors appeared to stall, pushing the country’s risk spread up sharply over safe-haven U.S. Treasuries, a sign of investors growing cautious.
President Mauricio Macri's Malvinas question policy was “shameful” and the three bills sent to Congress to reaffirm Argentina State Malvinas claim policy, represent a drastic change in the “de-Malvinization process” of the last four years, explained Guillermo Justo Chavez, head of the foreign minister Felipe Solá's cabinet.
LATAM Airlines Group informs that LATAM Airlines Argentina announced on Wednesday that it will cease passenger and cargo operations for an indefinite period. The announcement is a result of current market conditions, exacerbated by the impact of the COVID-19 pandemic and the difficulty of building structural agreements with local industry actors, which has made it impossible to foresee a viable and sustainable long-term project.