
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.

LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, cancelling all domestic flights, its first major cutback since filing for bankruptcy protection. The announcement fell short of saying the company, Latin America’s largest airline, will entirely wind down its subsidiary, although it is unclear if it will ever resume operations.

Argentina has extended confidentiality agreements with creditors by one day to allow further negotiations as the two sides seek a last-ditch agreement to restructure around US$ 65 billion in debt.

Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a US$ 65 billion restructuring deal, according to people familiar with the matter.

Higher fines to those illegally fishing in Argentine waters, including around the Malvinas Islands, is directed to discourage poachers, indicated Argentine foreign minister Felipe Solá who also defended the decision to interrupt the exchange of fisheries information on the South Atlantic bio-mass with the United Kingdom and the Falklands.

Football in Argentina will not return any time soon as the country grapples with rising Covid-19 infections, according to health minister Gines Gonzalez. Organized sport in Argentina has been suspended since mid-March and there has been no indication of when it might resume, reported the local media.

Argentine foreign minister Felipe Solá anticipated that the Falklands/Malvinas Islands will be the priority in relations with the United Kingdom, and to protect the South Atlantic fisheries, fines have to be much harsher since now they are ridiculous low.