Argentina

Monday, September 2nd 2019 - 09:56 UTC
Argentina imposes foreign-exchange controls to contain the run for dollars

Argentina on Sunday imposed foreign-exchange controls on exporters as it closed out a week of financial uncertainty that saw a sharp drop in the peso. Exporters were ordered to seek permission from the Central Bank of Argentina before purchasing foreign currency, according to a decree published in the Official Bulletin.
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.