Tag: Finances

• Monday, July 13th 2020 - 08:48 UTC

  OECD Investment Committee report helps Uruguay with its full membership incorporation

  

  The Organization for Economic Cooperation and Development Investments Committee has decided to support Uruguay's incorporation as full member of that committee. The decision follows a review by the Committee of Uruguayan investment policies.

• Thursday, April 23rd 2020 - 11:17 UTC

  Argentina misses US$ 500 million payment on Wednesday; default by end of May?

  

  Argentina said it didn’t make US$ 500 million in debt payments due Wednesday, starting a 30-day countdown to a possible default unless the government and bondholders can reach a deal on restructuring its massive foreign debt.

• 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 - 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.

• Monday, January 27th 2020 - 08:19 UTC

  Argentine economy minister in New York for talks with IMF and US Treasury officials

  

  Argentina's Economy Minister Martin Guzman iis in New York and on Monday will be participating of a conference at the Council of Americas. Later in the day he will meet h International Monetary Fund and U.S. Treasury officials, as part of Argentina's efforts to revive growth and renegotiate its debts.

• Thursday, January 16th 2020 - 08:52 UTC

  Argentine Inflation ended 2019 at 53.8%, the highest figure since 1991

  

  Inflation in Argentina ended 2019 at 53.8%, the highest figure since 1991 when the peso was pegged to the US dollar, data institute Indec said on Wednesday. Indec said the cost of living increased by 3.7% in December alone.

• Saturday, January 4th 2020 - 09:18 UTC

  China pumps an extra US$ 115bn stimulus to the economy effective Monday

  

  China moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world's second-largest economy was stabilizing.

• Saturday, December 28th 2019 - 09:55 UTC

  Argentina will continue to honor its debt, and has cleared all 2019 payments

  

  The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.

• Friday, December 27th 2019 - 09:15 UTC

  US stock markets at record highs on gains by tech giants

  

  The tech-rich Nasdaq finished above 9,000 for the first time on Thursday, powering to its 10th straight record on gains by Amazon and other tech giants. The Nasdaq surged 69.51 points (0.78 percent) to finish the post-holiday session at 9,022.39.

• Saturday, December 21st 2019 - 11:07 UTC

  Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

  

  Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.