Argentina

Tuesday, February 16th 2021 - 09:02 UTC
Argentina's October midterm elections condition IMF debt deal

Argentina’s powerful vice-president Cristina Fernández de Kirchner and her allies in the leftwing administration want to postpone a crucial US$ 44bn debt deal with the IMF until the pandemic has eased, officials said, avoiding painful spending cuts before October’s midterm elections.
Tuesday, February 16th 2021 - 07:34 UTC
Covid-19: Argentina's death toll reached 50,327 on Monday

Argentina's Health Ministry on Monday said 91 COVID-19 deaths in the past 24 hours have raised the country's total death toll to 50,327. According to the ministry, tests have detected 3,259 new COVID-19 infections, bringing the nationwide count to 2,029,057.
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.