Economy

• Thursday, January 23rd 2020 - 12:08 UTC

  Buenos Aires province bond mired in controversy over honoring repayment

  

  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.

• Thursday, January 23rd 2020 - 11:58 UTC

  Argentina sends “debt sustainability” bill to Congress to restructure interest and capital payments

  

  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.

• Thursday, January 23rd 2020 - 08:54 UTC

  Argentina's ongoing dispute with hedge funds: a legal battle won but it's a long conflict

  

  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.

• Wednesday, January 22nd 2020 - 07:38 UTC

  Argentina needs dollars and will strongly promote tourism; 625.000 cruise visitors expected this season

  

  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.

• Wednesday, January 22nd 2020 - 07:13 UTC

  Guyana ships its first ever cargo of one million barrels of oil

  

  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.

• Tuesday, January 21st 2020 - 08:10 UTC

  Chinese beef importers seeking to renegotiate prices with suppliers from Brazil and Uruguay

  

  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.

• Tuesday, January 21st 2020 - 08:01 UTC

  Argentina manages to swap treasury bills rescheduling the repayment calendar

  

  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.

• Tuesday, January 21st 2020 - 06:51 UTC

  European top clubs destabilizing effects, warns La Liga president

  

  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.

• Tuesday, January 21st 2020 - 06:34 UTC

  More than 470 million currently unemployed or underemployed, warns UN

  

  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.

• Monday, January 20th 2020 - 09:55 UTC

  Argentina pledges bill to attract investment for production of conventional and unconventional hydrocarbons

  

  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.