BUENOS AIRES Argentina's government is working towards a fiscal deficit of 4.5% of gross domestic product in 2021 and an economic rebound of 5.5%, according to a draft budget sent to Congress on Tuesday, ambitious goals as the country battles recession.
BUENOS AIRES, Sept 4 Argentina said it had
successfully restructured over $40 billion of local-law foreign
currency debt on Friday, on top of its recent $65 billion
international bond revamp, which will help the country dig
itself out of its ninth sovereign default.
BUENOS AIRES Argentina has defused fears of a messy default after it gained backing from creditors, allowing it to exchange 99% of the bonds involved in a $65 billion restructuring, a deal that could set a precedent for future sovereign crises.
BUENOS AIRES Argentina confirmed 6,840 new cases of coronavirus and 172 new deaths on Tuesday, taking it simultaneously over the 300,000 case and 6,000 death threshold as the Latin nation battles a surge of contagions in recent weeks.
BUENOS AIRES, July 24 Argentina's 1.7
trillion-pesos ($23.7 billion) of short-term 'Leliq' notes have
helped mop up liquidity in the market and hold back rising
prices. Now the central bank faces a painful dilemma: how to
rein in the debt without reigniting inflation.
BUENOS AIRES Argentina exceeded 100,000 cases of novel coronavirus infections on Sunday as it struggles to contain spiraling case rates despite a strict quarantine imposed on the capital Buenos Aires and its surroundings.
LONDON/BUENOS AIRES Argentina's new debt restructuring offer won a tentative thumbs up from creditors as they digested the details on Monday, pumping up the country's bonds on hopes the two sides could strike a deal by an extended Aug. 4 deadline.
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, June 16 Argentina has extended
confidentiality agreements with creditors by one day to allow
further negotiations as the two sides seek a last-ditch
agreement to restructure around $65 billion in debt.