Tag: Argentina

• Tuesday, September 3rd 2019 - 09:58 UTC

  Falklands/Sao Paulo weekly air link with stopover at Cordoba, officially authorized by Argentina: Decree 602/2019

  

  The Argentine government made official the authorization for a second weekly flight between the South American continent and the Falklands Islands, this time to Sao Paulo, Brazil with a stopover once a month, on both ways in the city of Cordoba. This means all is ready for the inauguration.

• Tuesday, September 3rd 2019 - 09:55 UTC

  Argentina talking with IMF on monetary targets; Central bank insists the country's financial system is “solid”

  

  Argentina’s central bank is talking to the International Monetary Fund about revising its monetary policy target for September, the institution’s president Guido Sandleris told reporters in Buenos Aires on Monday.

• Tuesday, September 3rd 2019 - 09:54 UTC

  Argentine bonds fall to record lows; long queues to withdraw dollar funds

  

  Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.

• Tuesday, September 3rd 2019 - 09:47 UTC

  Argentine opposition candidate Fernandez visiting Spain and Portugal

  

  The leader of the Argentine opposition and favorite to become the next president in October's election is currently spending time in Spain and Portugal where he has an academic, political and rest and recover agenda, which begins this Tuesday at the Camilo Cela José University with a conference on politics and voters, “a perspective from the electoral campaigns”.

• 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.

• 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.