Argentina

Monday, May 25th 2020 - 08:55 UTC
Argentina extends mandatory lockdown in metropolitan Buenos Aires until 7 June

Argentina extended until June 7 a mandatory lockdown in metropolitan Buenos Aires on Saturday and tightened some movement restrictions, after a steady increase in the city's confirmed coronavirus cases in recent days.
Saturday, May 23rd 2020 - 10:50 UTC
Argentina asks Ireland's support to exclude the Falklands from any post Brexit EU-UK accord

The Argentine foreign minister Felipe Solá held a round of talks with his counterparts from Australia, Ireland and Armenia to address issues of special significance for an Argentine foreign policy such as the current Coronavirus pandemic, and its impact on the global economy, and the European Union position regarding the Falkland Islands in a post Brexit scenario.
Saturday, May 23rd 2020 - 09:57 UTC
Argentina in “technical default” while negotiations with sovereign bondholders continue

Argentina “technically” defaulted on Friday for the second time this century after failing to pay US$505 million of interest on its bond debt, but it continues to negotiate a restructuring with creditors. “We're not paying but the negotiations are continuing,” a government official said.
Friday, May 22nd 2020 - 08:59 UTC
Argentina reaffirms commitment to Mercosur but remains cautious about EU accord

Argentine Foreign Minister Felipe Solá reaffirmed on Thursday the decision of president Alberto Fernandez's government to continue being part of Mercosur. When asked about links with the other member countries of the bloc, Solá said that a “rupture or union depends on the political will of the governments and our will is, that we are not on the rupture path”
Friday, May 22nd 2020 - 08:58 UTC
Argentine negotiations with creditors deadline extended to June 2

The Argentine Ministry of Economy extended until June 2 the term to renegotiate the US$ 67 billion of debt securities issued under foreign law, with the aim of continuing negotiations with creditors.
Friday, May 22nd 2020 - 08:37 UTC
IMF optimistic Argentina and creditors can reach an agreement

The International Monetary Fund expressed optimism that Argentina can reach an agreement with private creditors “to establish a sustainable path in the future” when the government of President Alberto Fernandez formally extended the deadline term to reach an understanding on the US$ 67 billion debt.
Thursday, May 21st 2020 - 08:55 UTC
Argentina and creditors find a path to reach an understanding and avoid default

Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.
Thursday, May 21st 2020 - 08:49 UTC
Controversy in Argentina over a new bank bill with the image of a brilliant doctor with Nazi connections

Argentina's Jewish community has expressed outrage at the decision to print a banknote bearing the likeness of a doctor who expressed support for Nazi ideology and even backed Josef Mengele's experiments on Jewish prisoners in Auschwitz.
Wednesday, May 20th 2020 - 21:54 UTC
Argentina establishes a minimum oil price of US$ 45/barrel for domestic sales

Oil companies in Argentina are obligated to maintain production, payrolls, and investment and cannot repatriate profits under a decree that establishes above-market prices for domestic crude. The decree published on Tuesday sets a minimum price of US$ 45/bl for domestic sales of light sweet Medanito crude.
Wednesday, May 20th 2020 - 08:56 UTC
Puerto Madryn 2020/21 cruise season agenda and calls “stand”; first vessel expected 25 October

The head of the port's administration of Puerto Madryn, in Argentine Patagonia, said that so far the coming 2020/21 cruise season “stands”, and the first vessel is scheduled to call in the Chubut province maritime terminal next 25 October, despite the pandemic.