Argentina

• Monday, September 2nd 2019 - 09:50 UTC

  IMF supports Argentina and its temporary currency controls

  

  The International Monetary Fund said it will stand by Argentina after the government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.

• Saturday, August 31st 2019 - 17:54 UTC

  The “Amazon fires of uncertainty” in Argentina: can they get worse?

  

  Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.

• Friday, August 30th 2019 - 09:58 UTC

  S&P declares that Argentina's extension of maturities implies a “selective default”

  

  Credit risk agency Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.

• Friday, August 30th 2019 - 09:55 UTC

  No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

  

  Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.

• Friday, August 30th 2019 - 09:50 UTC

  Tierra del Fuego protests Falklands display at the coming agricultural show in Uruguay

  

  The extreme south Argentine province of Tierra del Fuego has sent letters to the Foreign Ministry and to the Malvinas, Antarctica and South Atlantic Department expressing concern about a Falkland Islands stand at the British pavilion in the coming international agriculture show in Prado, Montevideo, Uruguay to take place between September 3 and 15.

• Friday, August 30th 2019 - 09:39 UTC

  Fernandez meets Argentine farmers leaders and proposes a fresh start

  

  The man widely expected to become Argentina’s next president asked farmers from the country’s key grains sector on Thursday to put aside their bitter differences with the government of his running mate, former President Cristina Fernandez de Kirchner, and move forward with him.

• Thursday, August 29th 2019 - 19:12 UTC

  US State Department confirms close association with Argentina and whoever wins 27 October election

  

  United States said on Wednesday it expects to continue with the solid association with Argentina, 'whoever is the candidate that the Argentine people elect as their next president', on 27 October according to a source from US State Department Western Hemisphere Affairs.

• Thursday, August 29th 2019 - 19:00 UTC

  Ivanka Trump will be visiting Colombia, Argentina and Paraguay

  

  United States Deputy Secretary of State John J. Sullivan will travel with Advisor to the President Ivanka Trump to Colombia, Argentina, and Paraguay September 3-6.

• Thursday, August 29th 2019 - 10:50 UTC

  Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities

  

  Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

• Thursday, August 29th 2019 - 10:16 UTC

  Argentina sells US$ 367m reserves to prop the Peso; country risk at another record level, 2.125 points

  

  Argentina’s peso was battered on Wednesday as the central bank sold US$ 367 million of its dollar reserves in a second consecutive day of heavy intervention aimed at controlling the currency’s fall. Likewise the country risk rose 135 basis points to 2,125, its highest in 14 years, before partially recovering, according to the JP Morgan Emerging Markets Bond Index Plus.