Edition:
United Kingdom

Eliana Raszewski

Argentina sweetens debt revamp offer to creditors; sets Aug 4 deadline

06 Jul 2020

BUENOS AIRES Argentina's government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.

Argentina to unveil new debt offer, open until end-August, president says

05 Jul 2020

BUENOS AIRES, July 5 Argentina is set to unveil a new debt restructuring offer that will be kept open until the end of August, President Alberto Fernandez told local radio on Sunday, as the government seeks to strike a deal despite rising tensions with creditors.

Argentina creditor groups lambaste government over debt talk delays

01 Jul 2020

BUENOS AIRES Two major Argentine creditor groups said on Tuesday there had been "no meaningful engagement" with the country's government since mid-June, flagging concerns about a deal after talks to restructure $65 billion in debts stalled this month.

Argentina debt talks still on, but have 'distance to cover', Guzman says

25 Jun 2020

BUENOS AIRES Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.

Argentina extends $65 billion debt deadline to July 24 after talks stall

19 Jun 2020

BUENOS AIRES Argentina will extend a deadline for $65 billion debt restructuring talks by more than a month, the country's economy ministry said late on Friday, after negotiations with creditors stalled this week leaving a deal hanging in the balance.

Argentina flag carrier Aerolineas seeks to suspend workers' contracts

01 Jun 2020

BUENOS AIRES Aerolineas Argentinas will begin negotiations with unions to suspend the contracts of thousands of employees until August after the flag carrier's income plunged about 97% due to the coronavirus outbreak, it said on Monday.

Argentina's warped peso means cars are half price - if you have dollars

27 May 2020

BUENOS AIRES Argentina's car dealers - used to selling at sky-high prices due to steep taxes - are getting a boost from the gap between official and informal values of the country's peso, which is halving the sticker price for buyers with dollars.

Buenos Aires lockdown extended until June 7 after rise in coronavirus cases

24 May 2020

BUENOS AIRES Argentina extended until June 7 a mandatory lockdown in Buenos Aires on Saturday and tightened some movement restrictions, after a steady increase in the city's confirmed coronavirus cases in recent days.

Argentina imposes $45 oil barrel price to shield domestic sector

19 May 2020

BUENOS AIRES Argentina established a local crude oil reference price of $45 per barrel on Tuesday to help protect producers at the country's massive Vaca Muerta shale play that have been hit hard by the global price crash arising from the impact of the coronavirus pandemic.

World News