BUENOS AIRES, July 2 Argentina's creditors have
22 days to clinch a deal to revamp about $65 billion in
distressed bonds, with the government willing to move up its
proposed payment schedule on restructured debt to make the offer
more attractive, a source said.
BUENOS AIRES Argentine bonds fell nearly 2% on Thursday after restructuring talks with creditors appeared to stall, rattling investors and driving the country's risk spread over safe-haven U.S. Treasuries sharply higher.
BUENOS AIRES Argentina farmers have objected to the government's proposal to tie the interest rate of bonds issued in the country's debt restructuring to the country's agricultural exports.
BUENOS AIRES/NEW YORK Argentina's debt restructuring talks, in a tense final stretch, hit a roadblock on Wednesday with the government determined not to cede further ground after making an improved offer and a key creditor group warning that negotiations had failed.
BUENOS AIRES A planned bid by Glencore to buy out the remaining stake in its Argentine soy crushing joint venture Renova will likely be scuttled by the government's plan for a state takeover of bankrupt partner Vicentin, two sources close to the situation told Reuters.
BUENOS AIRES Argentina is jockeying to get more of its malt barley into Chinese beer, now that Asia's mega-economy is locked in a trade fight with its top barley supplier Australia, according to industry sources in the South American grains powerhouse.
BEIJING/BUENOS AIRES, June 10 China has
accelerated sorghum imports from Argentina, according to sources
and shipping data, as buyers diversify their sources of grain
imports amid trade disputes with major suppliers Australia and
the United States.
BUENOS AIRES Argentina will take over bankrupt soy-crushing giant Vicentin, with the aim of saving jobs and protecting the country's food exporting sector, President Alberto Fernandez said in a televised address on Monday.
BUENOS AIRES Argentina's industrial output crashed 33.5% in April from the same month last year, the government's statistics agency said on Thursday, as the national lockdown to fight the coronavirus pandemic bludgeoned Latin America's No. 3 economy.
BUENOS AIRES/NEW YORK Argentina extended the deadline to negotiate with its creditors to June 12 and may sweeten its most recent restructuring offer, the country said on Monday, after a previous proposal was deemed insufficient by some investors.