Argentine sovereign and provincial bonds dipped on Wednesday as the provincial government in Buenos Aires was forced to extend a deadline for creditors to agree or reject a plan to delay a US$ 250 million bond repayment originally due on Jan. 26.
Argentina’s government of Alberto Fernandez is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.
A U.S. District Judge dismissed the latest lawsuit filed by Aurelius Capital against Argentina over debt. In January 2019 Aurelius Capital Master Ltd., filed in Manhattan a breach of contract suit against Argentina, related to various U.S. dollar tied, GDP-linked securities issued by the South American country in 2005 and 2010.
Argentina is considering the updating and redesign of port infrastructure in Buenos Aires to help improve docking facilities for cruise vessels. The announcement was done by Transport minister Mario Meoni given the growing number of tourists arriving at the Argentine capital.
A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.
Chinese beef importers are seeking to renegotiate prices previously agreed when they closed deals to buy dozens of shipments from Brazil and Uruguay because values are too high, according to a report in the online edition of local newspapers on Monday.
Argentina’s economy ministry said on Monday it had exchanged Treasury bills with an original face value of 99.6 billion pesos (US$1.66 billion) in a debt swap auction to help push back its repayment schedule amid a wider economic crisis.
La Liga president Javier Tebas has warned Europe's top clubs of the destabilizing effect seeking further riches through a revamped Champions League or FIFA's new Club World Cup will have on national leagues.
More than 470 million people worldwide are currently unemployed or underemployed, the UN said on Monday, warning that a lack of access to decent jobs was contributing to social unrest. The global unemployment rate has remained relatively stable over much of the past decade, according to the UN's International Labour Organization.
Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.