Edition:
India

Eliana Raszewski

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 flag carrier Aerolineas seeks to suspend workers' contracts

01 Jun 2020

BUENOS AIRES, June 1 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

20 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.

UPDATE 3-Argentina imposes $45 oil barrel price to shield domestic sector

20 May 2020

BUENOS AIRES, May 19 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.

Argentine bonds close higher, country risk dips as officials weigh restructuring counteroffers

19 May 2020

BUENOS AIRES Argentine bonds closed higher on Monday as the government weighed new counteroffers from its creditors while racing to strike a deal to restructure about $65 billion in foreign debt before Friday, when a grace period for paying interest on three dollar-denominated bonds expires.

Argentine province on brink of default as bond payment deadline passes

15 May 2020

BUENOS AIRES Argentina's Buenos Aires province edged towards likely default on Thursday as a deadline for a bond payment hit and the local government asked creditors for counter offers to restructure $7 billion in foreign debts after they rejected its earlier proposal.

Deal or no deal? Argentina faces make-or-break May to avoid default

04 May 2020

BUENOS AIRES Argentina is entering a crucial period this month for a precarious debt-restructuring process that will determine whether or not the country falls into default for a third time in just two decades.

Argentine budget airlines say government blindsided them with travel ban

29 Apr 2020

SAO PAULO/BUENOS AIRES Argentina's two low-cost airlines on Tuesday accused its Peronist government of lying about whether the implementation of an air travel ban to combat the coronavirus had been discussed with the industry beforehand.

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