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Cassandra Garrison

Argentina's energy bust spawns 'ghost town' in prized Vaca Muerta

19 Feb 2020

AÑELO, Argentina Just weeks into his young administration, Argentina's new president convened a meeting with executives from Chevron Corp , Royal Dutch Shell PLC and other oil companies in a bid to smooth things over with an industry which he had slammed as a candidate months before. | Video

Buenos Aires averts default, pledges bond payment after delay fails

05 Feb 2020

BUENOS AIRES Argentina's Buenos Aires province narrowly averted falling into default on Tuesday, saying it would make a $277 million payment on a 2021 bond after creditors would not grant a last-minute approval to delay it.

'Meters from a precipice': Buenos Aires province on edge as debt deadline looms

31 Jan 2020

BUENOS AIRES Argentina's Buenos Aires province and its creditors are at a cliff edge in bond restructuring negotiations that could set the tone for the country's larger $100 billion debt talks.

IMF team to travel to Argentina next month after 'positive' talks in New York

28 Jan 2020

NEW YORK/BUENOS AIRES An IMF technical team will travel to Buenos Aires in February, an important step in critical debt negotiations, after the fund held positive talks with Argentine Economy Minister Martin Guzman in New York on Tuesday.

More money, managed float: Argentina central bank draws policy guidelines

27 Jan 2020

BUENOS AIRES Argentina's central bank released policy guidelines on Monday aimed at increasing the monetary supply and avoiding major exchange rate fluctuations as the new administration of Alberto Fernandez seeks to curb a pervasive economic crisis in Latin America's No. 3 economy.

IMF chief and Argentine economy minister may both attend February meeting

16 Jan 2020

BUENOS AIRES/ROME The International Monetary Fund's managing director and Argentina's economy minister may both attend a Vatican conference next month, potentially paving the way for talks as the South American nation faces a massive debt restructuring.

Argentine bonds drop after Buenos Aires province seeks payment extension

14 Jan 2020

BUENOS AIRES/NEW YORK Buenos Aires bonds added to recent losses on Tuesday after the province asked holders for an extension on a more than $250 million payment due later this month, dragging Argentina's debt lower as well.

Argentina revokes credentials of representative for Venezuela's Guaido

07 Jan 2020

BUENOS AIRES In a blow to Venezuelan opposition leader Juan Guaido, Argentina's government said on Tuesday it did not recognize him as his nation's interim president and had revoked the credentials of his representative in Buenos Aires.

Argentina creates external debt unit, economy bill moves to Senate

20 Dec 2019

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

McDonald's Peru operator shuts restaurants for inspection after employee deaths

19 Dec 2019

LIMA All 29 McDonald's Peru locations will remain closed until its local operator Arcos Dorados Holdings Inc completes inspections following the deaths of two teenaged employees at the weekend, the franchisor said in a statement on Wednesday.

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