Economy

• Wednesday, January 15th 2020 - 09:50 UTC

  Buenos Aires province negotiating an extension on a US$ 250m bond payment on January 26

  

  Buenos Aires province bonds added to recent losses on Tuesday after the provincial government asked holders for an extension on a more than US$ 250 million payment due later this month, dragging Argentina’s debt lower as well.

• Wednesday, January 15th 2020 - 09:05 UTC

  US-China sign Phase One of trade deal, but some tariffs to remain until completion of Phase Two

  

  The United States will maintain tariffs on Chinese goods until the completion of a second phase of a United States-China trade agreement, US Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal.

• Tuesday, January 14th 2020 - 09:58 UTC

  Argentine president said no plans to bail out Buenos Aires province, the richest of the country

  

  Argentine President Alberto Fernandez on Monday night confirmed that the national government had no plan to bail out Buenos Aires province, which has a payment due later this month on hard-currency provincial debt.

• Tuesday, January 14th 2020 - 09:55 UTC

  Brazil pushing ahead with plan to allow mining on tribal lands

  

  Brazil’s government said it was pushing ahead with plans to allow mining on tribal lands, briefing European diplomats on proposals that have drawn criticism from indigenous advocates in Brazil and overseas.

• Tuesday, January 14th 2020 - 09:50 UTC

  Money markets react to US decision reversing China as a currency manipulator

  

  The Yen plumbed an eight-month low while the Yuan climbed to its highest level since July on Tuesday after the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.

• Monday, January 13th 2020 - 09:57 UTC

  Argentina pledges to review the 30% “tourism tax” situation in 180 days

  

  Argentina’s Tourism Minister has committed to reviewing a 30% “tourism tax” applied when travelers from the country pay for goods and services abroad in U.S. dollars, Uruguayan President Tabare Vazquez told local news portal Infobae.

• Monday, January 13th 2020 - 09:37 UTC

  Argentine farmers increased forward selling of soybeans to avoid higher export taxes

  

  Argentina farmers increased the forward selling of soybeans in the last four months of 2019 in an effort to avoid higher export taxes that are now in effect, according to a Global Agricultural Information Network report from the U.S. Department of Agriculture.

• Monday, January 13th 2020 - 09:30 UTC

  Argentine president puts a deadline to renegotiates public debt: March 31

  

  President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.

• Monday, January 13th 2020 - 09:28 UTC

  Argentine finance minister confident the sovereign debt situation will be resolved

  

  Argentina’s new government is working “nonstop” to resolve its sovereign debt crisis, the country’s Economy Minister Martin Guzman said, a month after center-left Peronist President Alberto Fernandez took office.

• Monday, January 13th 2020 - 09:07 UTC

  Beijing will not change its position despite Taiwan's president landslide election victory; threats from Xinhua news agency

  

  China will not change its position that Taiwan belongs to it, Beijing said on Sunday, after President Tsai Ing-wen won re-election and said she would not submit to China’s threats, as state media warned she was courting disaster.