Tag: economic crisis

• Wednesday, March 11th 2020 - 08:45 UTC

  Corporate America rushes to borrow money in anticipation of a major economic downturn

  

  From Exxon Mobil Corp to Royal Caribbean Cruises Ltd, companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect of an economic downturn.

• Monday, February 24th 2020 - 07:59 UTC

  Argentina will allow IMF to inspect its accounts under Article IV consultations

  

  Argentina agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country’s debt situation had become “unsustainable”.

• 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.

• Thursday, February 6th 2020 - 08:58 UTC

  Pope Francis calls for debt sustainability to alleviate the suffering of people

  

  Pope Francis staged a surprise visit to admonish the International Monetary Fund chief and several finance ministers to help alleviate the debt burden of struggling countries, calling for “a new financial architecture” to ensure social justice.

• Thursday, January 30th 2020 - 08:24 UTC

  IMF positively cautious about Argentina's public policies prospects

  

  Greater certainty around Argentina’s public policies could help reactivate growth and investments in the recession-hit country, the International Monetary Fund said on Wednesday.

• Thursday, January 2nd 2020 - 08:58 UTC

  Challenging second year ahead for Brazilian president Bolsonaro

  

  Beginning his second year as Brazil’s president, Jair Bolsonaro has held firm to his combative culture-warrior policies while feuding with critics at home and abroad — an approach that has thrilled many supporters while eroding his efforts to win allies and lift the world’s ninth-largest economy out of its doldrums.

• Tuesday, October 29th 2019 - 09:07 UTC

  Piñera reshuffles a third of the cabinet, but protestors demand his resignation

  

  Chilean protesters clashed with security forces on Monday, several hours after embattled President Sebastian Piñera announced a cabinet reshuffle in his latest bid to end 10 days of street demonstrations.

• Tuesday, September 24th 2019 - 09:08 UTC

  Argentine private sector workers given extra payment to compensate for inflation

  

  Argentina's private-sector workers will see their wages topped off by 5,000 pesos (US$ 88) in a one-time non-taxable payment aimed at boosting their buying power amid surging inflation, the Production Ministry said on Monday.

• Saturday, September 7th 2019 - 09:42 UTC

  Argentine markets end the week appeased but storm clouds persist

  

  Argentine markets ended the week on a high after capital controls helped arrest a sharp plunge in the peso currency and local bond prices, but investors said the outlook remained shaky amid swirling political and financial uncertainty.

• Wednesday, August 21st 2019 - 08:52 UTC

  Argentina’s Economic Crisis: Who to blame?

  

  Argentines remember the role the IMF played in the last depression. They also remember the improvement in their lives under Kirchnerism. The following was published by The New York Times.