Argentina bonds dip as debt talks deadline looms

BUENOS AIRES (Reuters) – Argentina’s sovereign bonds dipped almost 1% on Monday as a deadline for restructuring talks neared, with the South American country and its creditors at an impasse over proposals to revamp around $65 billion in foreign debt. The government is weighing a decision on whether to extend its negotiations, which have hit […]

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Fire continues to ravage Argentina’s delta; authorities struggle to combat the spread

Forest fires have raged for months across Argentina’s delta wetland, threatening a major ecosystem with total destruction, experts warn. Severe drought led to the Paraná River shriveling to its lowest level in decades, according to NASA’s Earth Observatory. As the shrinking river has caused economic damage — grounding several ships and forcing companies to reduce […]

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Argentina’s Guzman says debt offer “maximum” effort, hints at deadline delay

© Reuters. FILE PHOTO: FILE PHOTO: Argentina’s economy minister, Martin Guzman, speaks at Congress on the country’s economic situation and debt plan ahead of the meetings with the International Monetary Fund officials who are traveling to the country, in B BUENOS AIRES (Reuters) – Argentina economy minister Martin Guzman emphasized on Thursday that the country’s […]

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Argentina creditors close ranks over debt deal as government digs in

2/2 © Reuters. FILE PHOTO: Argentina’s economy minister, Martin Guzman, speaks at Congress on the country’s economic situation and debt plan ahead of the meetings with the International Monetary Fund officials who are traveling to the country, in Buenos Aires 2/2 By Adam Jourdan and Karin Strohecker BUENOS AIRES/LONDON (Reuters) – Argentina’s government rejected a […]

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Argentina sweetens debt revamp offer to creditors; sets August 4 deadline

© Reuters. Argentina’s President Alberto Fernandez looks on durring the session of the 138th legislative term at the National Congress in Buenos Aires By Eliana Raszewski and Jorge Iorio BUENOS AIRES (Reuters) – Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, […]

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Argentina to unveil new debt offer, open until end-August, president says

© Reuters. Argentina’s President Alberto Fernandez looks on durring the session of the 138th legislative term at the National Congress in Buenos Aires By Eliana Raszewski and Jorge Iorio BUENOS AIRES (Reuters) – Argentina is set to unveil a new debt restructuring offer that will be kept open until the end of August, President Alberto […]

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Argentine wine province launches small-sized debt restructuring of its own

BUENOS AIRES (Reuters) – Argentina’s Mendoza province, famed for its bodegas and Malbec grapes grown in the shadows of the Andes, has formally launched a debt restructuring process after missing an initial payment deadline on a 2024 bond. The regional government said in a statement on Friday that it had opened an invitation to holders […]

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Nobelist Stiglitz, economists from 20 countries back Argentina in debt showdown

© Reuters. FILE PHOTO: Nobel Prize-winning economist Joseph Stiglitz and Argentina’s Economy Minister Martin Guzman arrive for a conference hosted by the Vatican on economic solidarity By Hugh Bronstein BUENOS AIRES (Reuters) – A group of 138 economists from 20 countries, including Nobel laureates Joseph Stiglitz and Edmund S. Phelps, urged Argentina’s bondholders on Wednesday to take a “constructive […]

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Argentina in standoff with bondholders as $65 billion debt deadline nears

© Reuters. FILE PHOTO: Argentina’s Economy Minister Martin Guzman gestures during a conference hosted by the Vatican on economic solidarity, at the Vatican By Marc Jones, Karin Strohecker and Adam Jourdan LONDON/BUENOS AIRES (Reuters) – Argentina’s government and its biggest bondholders are at loggerheads over plans to restructure $65 billion in foreign debt, with little […]

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Argentine budget airlines say government blindsided them with travel ban

By Marcelo Rochabrun and Eliana Raszewski SAO PAULO/BUENOS AIRES (Reuters) – 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. Earlier this week, Argentina prohibited all commercial flights and ticket sales until […]

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‘Likely default’: creditors knock back Argentine province’s debt revamp offer

BUENOS AIRES (Reuters) – Bondholders on Monday rejected a debt restructuring proposal by Argentina’s Buenos Aires province and said the offer would likely lead to a default, adding tension to a larger debt crisis plaguing the South American country. The group of bondholders, which holds more than 40% of the province’s external debt, said in […]

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In Argentina, a Bid to Make Language Gender Neutral Gains Traction

BUENOS AIRES — Three days into Argentina’s coronavirus lockdown, the country’s president called on men and women, Argentinos and Argentinas, to cooperate with the effort. He also appealed to “Argentines,” using a gender-neutral term that doesn’t exist in traditional Spanish grammar. It was not the first time President Alberto Fernández, who took office in December, […]

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Lives or the economy? Argentina’s Fernandez says growth comes second amid virus spread

© Reuters. Argentina’s President Alberto Fernandez looks on durring the session of the 138th legislative term at the National Congress in Buenos Aires BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez said on Thursday that saving lives would take precedence over protecting the economy from the impact of coronavirus, which is likely to push the […]

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Argentina lays out key economic road map amid debt talks

By Adam Jourdan BUENOS AIRES (Reuters) – Argentina’s government laid out its most in-depth economic road map on Friday, a key step in debt talks after creditors clamored for more detailed information about the country’s plans as both sides look to strike a restructuring deal. Economy Minister Martin Guzman said that under realistic fiscal and […]

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An Opera Singer Goes From Tenor to Soprano, and Her Career Takes Off

MAR DEL PLATA, Argentina — It had become unbearably dissonant. María Castillo de Lima, a singer at Argentina’s premier opera house, had turned what began as a drag persona into a permanent identity in 2014. But onstage at the Colón Theater in Buenos Aires, where she holds a coveted role in the permanent choir, Ms. […]

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Quarantined bankers, video roadshows: coronavirus hits Argentine debt talks

By Hugh Bronstein and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) – Argentina’s ambitious target to strike a deal with bondholders to revamp almost $70 billion in debts by the end of March was never going to be easy. Now a coronavirus outbreak and crashing bond markets threaten to complicate things further. The South American country […]

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Argentina’s eight coronavirus cases add uncertainty to already dismal economy

Argentina’s eight coronavirus cases add uncertainty to already dismal economy By Hugh Bronstein and Maximilian Heath BUENOS AIRES (Reuters) – Argentina has eight confirmed cases of coronavirus, all brought by people who had recently been in Europe, the Health Ministry said on Friday, adding uncertainty to an economy already slammed by recession, high inflation and […]

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