Tag: Argentina

• Wednesday, February 12th 2020 - 09:29 UTC

  Argentina delays bond maturity date from 13 Feb to 30 Sept: “the country will not be held hostage by foreign investors”

  

  Argentina said it won’t make a local bond payment on time after failing to refinance the debt, declaring it won’t be “held hostage” by foreign investors demanding their money back. The maturity date for the note will be delayed to Sept. 30 from the original Feb. 13, the Economy Ministry said in a statement.

• Wednesday, February 12th 2020 - 09:28 UTC

  Challenging week for the Fernandez administration as the IMF mission arrives in Buenos Aires

  

  A challenging week for the administration of Argentine president Alberto Fernandez and his foreign debt strategy. IMF negotiators land in Buenos Aires this Wednesday for their first mission since Fernandez took office in December. Before agreeing to any changes in the terms, negotiators will want to see Fernandez’s blueprint for tackling more than US$ 320 billion in total debt and for rescuing an economy that’s forecast to shrink for a third straight year.

• Monday, February 10th 2020 - 08:56 UTC

  Cristina Fernandez: Argentina will not pay “even half a cent” of its IMF debt until the country exits recession

  

  Argentine Vice President Cristina Fernandez de Kirchner said on Saturday in Havana that the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession.

• Monday, February 10th 2020 - 08:03 UTC

  Chinese group takes control of major lithium project in Argentina

  

  China’s Ganfeng Lithium Co said it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries.

• Saturday, February 8th 2020 - 11:31 UTC

  Argentine base in Antarctica recorded the hottest temperature ever for the continent

  

  A research base in the Antarctic has recorded the hottest temperature ever for the continent amid rising concern about global warming that has caused an increase in the melting of ice sheets around the South Pole.

• Saturday, February 8th 2020 - 11:09 UTC

  Greenpeace blames global warming for record temperatures in Antarctica

  

  Global warming is to blame for Argentine Antarctica recording its hottest day since readings began, Greenpeace said on Friday. Temperatures climbed to 18.3 degrees Celsius (64.9 degrees Fahrenheit) at midday Thursday at the research station Esperanza base, the highest temperature on record since 1961, according to the National Meteorological Service.

• Friday, February 7th 2020 - 09:50 UTC

  “Tell president Fernandez that he count with the support of this president”, Trump tells Argentine ambassador

  

  Argentine president Alberto Fernandez should be back in Buenos Aires on Friday following a European weeklong tour where he met the Pope and several leaders as part of his strategy to address the rescheduling of the country's foreign debt, which has the Argentine economy prostrated and with minimum chances of recovery if it has to meet capital and interest commitments.

• Friday, February 7th 2020 - 09:50 UTC

  Argentine president preparing bill to legalize abortion

  

  Argentina edged closer to legalizing abortion on Wednesday, as President Alberto Fernandez said he was preparing to send a Bill to Congress. In a speech to the Institute of Political Studies in France, the President said the measure would pay a “debt to democracy”.

• Thursday, February 6th 2020 - 09:10 UTC

  Argentine Senate grants full power to the Fernandez administration to restructure foreign debt

  

  Argentina’s Senate voted in favor of a bill on Wednesday that grants power to the government of President Alberto Fernandez to handle a massive debt restructuring of bonds issued in foreign currency.

• Thursday, February 6th 2020 - 09:05 UTC

  Argentina tells IMF it can't continue servicing unsustainable debt

  

  Argentina on Wednesday told the International Monetary Fund that Buenos Aires cannot continue servicing unsustainable debt, as the IMF encouraged it to enact efficient restructuring policies.