Argentina

Thursday, September 24th 2020 - 09:31 UTC
Argentine currency worthless in Uruguay

For the second day running the Argentine Peso was virtually worthless in neighboring Uruguay foreign exchange houses. On Tuesday the Argentine Peso was worth zero, and on Wednesday there was a modest ten Uruguayan cents offered for the battered Argentine currency.
Thursday, September 24th 2020 - 09:24 UTC
Argentina economy contracts a record 19,1% in the second quarter

Argentina’s economy contracted a record 19.1% in the second quarter versus the same period a year earlier as the coronavirus pandemic crippled production and demand, though was slightly better than analyst forecasts.
Wednesday, September 23rd 2020 - 08:55 UTC
Argentine president again claims the Falklands before the UN General Assembly

Argentine president Alberto Fernández again called on the UK to resume dialogue on the South Atlantic Islands and iterated his country's legitimate and imprescriptible sovereignty rights over the Falklands/Malvinas Islands, during his Tuesday address to the United Nations General Assembly on its 75th anniversary.
Wednesday, September 23rd 2020 - 08:44 UTC
Argentine bonds again sliding because of business environment deterioration

Argentine newly issued international bonds are once more on the slide as investors price in rising risks over the country’s economic recovery and much-needed market reforms following tightened capital controls last week.
Tuesday, September 22nd 2020 - 08:51 UTC
Latin American countries plan to join WHO's virus vaccine COVAX; ask for more time to sign

Brazil and Argentina, Latin American nations seeking more time to commit to the global COVID-19 vaccine facility known as COVAX, said they intend to so as soon as possible after missing Friday’s deadline.
Thursday, September 17th 2020 - 09:30 UTC
Argentina tightens currency controls, helping the US dollar climb to a new record

Argentina's peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.
Wednesday, September 16th 2020 - 07:56 UTC
New IDB president pledges to help Argentina with the “long arduous” IMF negotiations

Mauricio Claver-Carone, the White House official elected to lead Latin America’s regional development bank, said he aims to play a constructive role in Argentina’s negotiations with the International Monetary Fund.
Saturday, September 12th 2020 - 10:55 UTC
Argentina regrets the presence of Falklands' stand at the Prado Rural Show

The display of a stand promoting the disputed “Islas Malvinas” as a British dependency, at the UK pavilion in a Uruguayan agriculture and productions show, was rejected by the Argentine government.
Thursday, September 10th 2020 - 09:49 UTC
Police conflict in Argentina, Thursday promises to be a day of winners and losers

Police officers in Buenos Aires Province of Argentina continued their protests on Wednesday to demand higher salaries and better working conditions, but the situation seems to be coming to an end following promises of announcements this Thursday meeting the demands.
Wednesday, September 9th 2020 - 09:50 UTC
S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.