Edition:
India

Walter Bianchi

Argentina unveils ambitious post-crisis budget with 5.5% economic rebound in 2021

16 Sep 2020

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.

UPDATE 2-Argentina takes debt revamp over $100 bln with local bond exchange

05 Sep 2020

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.

Argentina defuses default crisis with 'massive' debt deal

01 Sep 2020

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.

Argentina exceeds 300,000 coronavirus cases, 6,000 deaths - health ministry

19 Aug 2020

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.

Argentina's $24 bln Leliq pile pumps up inflation bubble

24 Jul 2020

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.

Argentina exceeds 100,000 cases of novel coronavirus

13 Jul 2020

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.

Argentina's sweetened debt offer wins early support; bonds climb

07 Jul 2020

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.

Argentina debt markets rattled as bond revamp talks stall

19 Jun 2020

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.

Argentina extends confidentiality agreements for debt talks by one day -source

17 Jun 2020

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.

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