Tag: Argentina

• Tuesday, April 21st 2020 - 10:15 UTC

  Major asset managers reject Argentina's proposal to overhaul US$ 66bn foreign debt

  

  A group of major asset managers who are creditors to Argentina have rejected the government’s proposal aimed at overhauling US$66.2 billion of its foreign-law debt, saying it inflicted an unjust amount of financial pain on international bondholders.

• Monday, April 20th 2020 - 08:55 UTC

  Argentine fisheries industry estimates exports to drop 30% this year because of COVID-19

  

  Hard times ahead for fisheries exports. According to a paper circulated among members of Argentina's different fish industry chambers foreign market prospects are not encouraging since the main markets, Spain, Italy, China and the United States, are suffering the greatest impact from the coronavirus pandemic.

• Saturday, April 18th 2020 - 19:56 UTC

  Argentina and Brazil trying to lift the water level of the Parana River, in the heartland of the soy belt

  

  The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Wednesday, April 15th 2020 - 13:51 UTC

  Argentina is readying to announce terms of the US$ 83bn debt restructure

  

  Argentina is expected to announce an offer to restructure US$ 83 billion in foreign-currency bonds any moment as it tries to avoid default, despite shutting down the economy to contain the spread of the coronavirus.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Tuesday, April 14th 2020 - 08:58 UTC

  Face masks mandatory in Buenos Aires as of next Wednesday

  

  Argentina’s capital Buenos Aires authorities on Monday announced it was stepping up measures to curb the COVID-19 outbreak by making face masks mandatory on public transit.

• Tuesday, April 14th 2020 - 08:45 UTC

  Parana river water level hampering grain transport in the midst of peak harvest

  

  Below normal rains in the Parana-Paraguay water basin is hampering grain transport through waterways in Argentina as the water level of the river has dropped significantly, Bolsa de Comercio de Rosario, or BCR, said in a report.

• Saturday, April 11th 2020 - 10:20 UTC

  China pledges support to Argentina in its fight against COVID-19

  

  President Xi Jinping said China is ready to continue sharing COVID-19 prevention and control experience with Argentina and offering assistance within its capacity. Xi made the remarks in a recent exchange of messages with Argentina's President Alberto Fernandez.

• Saturday, April 11th 2020 - 10:18 UTC

  YPF slashes oil production 50% as consumption slumps and depots are overflowing

  

  Argentina’s state-held energy firm YPF slashed by 50% the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel demand in Argentina’s lockdown, local news outlet Rio Negro reports.