The Argentine Ministry of Economy extended until June 2 the term to renegotiate the US$ 67 billion of debt securities issued under foreign law, with the aim of continuing negotiations with creditors.
Argentina will extend negotiations over a US$ 65bn debt restructuring proposal until May 22, the government said in the official gazette on Monday. The extension sets the stage for tense last-ditch talks as Argentina races to avoid default.
An International Monetary Fund team currently in Argentina has held “productive” talks with local officials, a spokesman said on Thursday, though there was little detail on concrete progress about reaching a deal over the country’s debt crisis.
The United States on Thursday threw its support behind negotiations in Venezuela, saying talks could establish a transitional government, lead to fresh elections and bring an end to the crisis.
Negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year's elections, President Donald Trump said on Thursday.
At the 15 November informal meeting of the Negotiating Group on Rules, heads of WTO member delegations discussed the status of the fisheries subsidies negotiations. Members noted difficulties in concluding negotiations by the end of the year and committed to intensifying their discussions to curb harmful fisheries subsidies.
Washington's envoy for Venezuela said on Thursday he was hopeful that the European Union will impose sanctions against Caracas in the coming months and the United States was examining more measures to pressure President Nicolas Maduro to step down.
Venezuela's self-declared interim president Juan Guaido said on Sunday a new dialogue between the opposition and President Nicolas Maduro's government would be held in Barbados. He did not specify a date for resumption of talks at the new venue, in the Caribbean, after earlier discussions stalled in Norway.
A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document. The court issued an injunction suspending an Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies.
Trade talks between the US and China have broken up without a deal, with the US warning that “very difficult issues” remain unresolved. The talks in China this week were aimed at securing a new deal before further US tariffs are imposed on 1 March. China said negotiations would now continue in the US next week.