Argentina

• Thursday, April 23rd 2020 - 11:05 UTC

  Argentina's foreign trade during March dropped 17,6%

  

  Data released on Wednesday by the National Institute of Statistics and Censuses (Indec) of Argentina showed that its foreign trade with other countries fell 17.6% in March, compared to year-ago. The trade flow reached US$7.49 billion, in the third month of the year.

• Tuesday, April 21st 2020 - 10:15 UTC

  Major asset managers reject Argentina's proposal to overhaul US$ 66bn foreign debt

  

  A group of major asset managers who are creditors to Argentina have rejected the government’s proposal aimed at overhauling US$66.2 billion of its foreign-law debt, saying it inflicted an unjust amount of financial pain on international bondholders.

• Monday, April 20th 2020 - 08:55 UTC

  Argentine fisheries industry estimates exports to drop 30% this year because of COVID-19

  

  Hard times ahead for fisheries exports. According to a paper circulated among members of Argentina's different fish industry chambers foreign market prospects are not encouraging since the main markets, Spain, Italy, China and the United States, are suffering the greatest impact from the coronavirus pandemic.

• Saturday, April 18th 2020 - 19:56 UTC

  Argentina and Brazil trying to lift the water level of the Parana River, in the heartland of the soy belt

  

  The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Tuesday, April 14th 2020 - 08:58 UTC

  Face masks mandatory in Buenos Aires as of next Wednesday

  

  Argentina’s capital Buenos Aires authorities on Monday announced it was stepping up measures to curb the COVID-19 outbreak by making face masks mandatory on public transit.

• Tuesday, April 14th 2020 - 08:45 UTC

  Parana river water level hampering grain transport in the midst of peak harvest

  

  Below normal rains in the Parana-Paraguay water basin is hampering grain transport through waterways in Argentina as the water level of the river has dropped significantly, Bolsa de Comercio de Rosario, or BCR, said in a report.

• Tuesday, April 14th 2020 - 07:19 UTC

  Ex Argentine scrum-half on campaign to become World Rugby chairman

  

  Former Argentina scrum-half Agustin Pichot has launched his campaign to become chairman of World Rugby. Pichot has drawn up a six-point plan to force change in the world of rugby - with one part, in particular, catching the eye of many.

• Saturday, April 11th 2020 - 10:20 UTC

  China pledges support to Argentina in its fight against COVID-19

  

  President Xi Jinping said China is ready to continue sharing COVID-19 prevention and control experience with Argentina and offering assistance within its capacity. Xi made the remarks in a recent exchange of messages with Argentina's President Alberto Fernandez.