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.
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.
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.
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.
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.
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.
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 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.
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.