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News about Argentine government:

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    BUENOS AIRES, Argentina (AP) — The market welcomed Argentina’s new Economy Minister Sergio Massa on Thursday with what appeared to be a cautiously optimistic attitude amid questions about how he would fulfill a key goal of reducing the fiscal deficit, while leftist groups criticized his initial plans that they said would inevitably lead to strong...
    BUENOS AIRES, Argentina (AP) — Economy Minister Martin Guzman submitted his resignation Saturday, acting at the end of a week in which Argentina’s currency hit an all-time low against the dollar and truck drivers staged protests over shortages of diesel fuel. Guzman announced on Twitter that he had sent a multi-page resignation letter to President...
    The Argentine government announced on Thursday that it had finalized an agreement with the International Monetary Fund (IMF) to refinance its record $ 45 billion debt, which was sent to parliament for consideration the following day. The IMF, in a simultaneous statement, underlined the agreement as “a practical and realistic plan, with credible economic policies,...
    BUENOS AIRES, Argentina (AP) — The presence of a senior Iranian official at the investiture of Nicaragua’s president has angered Argentina, which alleges the official was involved in the 1994 bombing of a Jewish center in Buenos Aires that killed 85 people. Argentina’s Foreign Ministry said Tuesday that the appearance of Mohsen Rezaei, the Iranian...
    (Bloomberg) – Nothing seems normal in Argentina’s capital markets, but things are getting even stranger. Over the last three months, foreign bonds issued by the provinces have vastly outperformed their sovereign counterparts, consolidating their status as the preferred option for investors. Provincial bonds now yield about 2.8 percentage points less on average than Argentine debt...
    (Bloomberg) – Argentina’s economy expanded more than expected in June when the government eased quarantine measures and ended an export dispute with beef producers. Economic activity rose 2.5% from May, above economists’ expectations of a 2% increase. For a year, the economy grew 10.8% in June, according to government data released Thursday. Growth tops a...
    Antisemitic messages and graffiti threatening Jews with death have appeared across Argentina this week, apparently prompted by a growing conflict between Israel and the Islamic terrorist organization Hamas which occupies the Gaza Strip. Argentine newspaper Clarín identified multiple instances of anti-Jewish images and messages springing up in recent days across the country, which include swastikas,...
    (Bloomberg) – After registering the worst results in 13 years, banks in Argentina attribute part of their losses to the government’s measures due to the pandemic, and are asking the central bank to make some modifications. Representatives of the four main associations of the Argentine banking sector, which include foreign and national institutions, held in...
    (Bloomberg) – Six months after Argentina came out of default, its new bonds have plunged to levels close to 30 cents on the dollar. The low price, to be fair, is partly due to the mechanics of the instruments, which have artificially low interest rates and a generous grace period, but it also reflects a...
    The Government fears that the public works plan with which he hopes to face the election year skyrocket costs in construction activity, after which it agreed with businessmen and unions a « monitoring » throughout the production chain of materials to avoid price speculation on inputs. At the first sectoral table held today at the Ministry of...
    People in Buenos Aires and other cities in Argentina banged pots and pans on Monday night to stage a noisy protest after a nationally televised speech by President Alberto Fernández, recently linked to a vaccine scandal in which some Argentine government ministers received priority access to coronavirus vaccines before the general public. Argentina’s Secretariat of...
    The socialist government of Argentina imposed a one-time wealth tax on its citizens this week, allegedly to offset the country’s crippling debt, which has worsened during the Chinese coronavirus pandemic. Argentine citizens with assets of more than 200 million pesos ($2.3 million) must pay about three percent in taxes on assets declared within Argentina and over...
    BUENOS AIRES, Argentina (AP) — President Alberto Fernández asked Argentina’s health minister to resign after a well-known local journalist said he had been given a coronavirus vaccination preferentially after requesting one from the minister, a government official said Friday. The president “instructed his chief of staff to request the resignation of health minister” Ginés...
    President Alberto Fernandez you will receive the Wednesday close to the members of the Liaison Table of Agricultural Entities. Yet without formal confirmation, the leaders rural showed « surprised« for the agile response of the Government, which arrived just a few hours after the hearing was requested. The conflict between Executive and the representatives of countryside...
    The government statement, minutes after the start of the field strike, which temporarily terminated the measure of suspension of records of Foreign Sales Declarations (DJVE) of corn and announced the implementation of quotas of 30,000 tons per day of cereal, failed to stop the marketing cessation arranged by three of the four entities of the...
    (Bloomberg) – Argentina’s latest restriction on dollar purchases exposed a divide among top officials on the economic team as they struggle to find a way back after the deepest economic downturn on record. Argentine dollar bonds extended their decline on Thursday, two days after Central Bank President Miguel Pesce further tightened...
    (Bloomberg) – Argentine opposition leaders called on President Alberto Fernández to abandon his controversial judicial reform proposal, a day after massive anti-government protests across the country. The opposition bloc said in a letter sent to Fernández on Tuesday that his Peronist government should focus more on solving the covid-19 pandemic and the economic crisis than...
    (Bloomberg) – Argentina’s major bondholder groups say they now represent more than 50% of the country’s external debt, which could strengthen their bargaining power at a crucial time in the country’s bond restructuring. A group of creditors who want better government conditions on the $ 65 billion debt restructuring says they have added significant funds...
    (Bloomberg) – Never bit the hook, rarely raised his voice. The bondholders he’s dealing with, used to shedding his weight, brag that they’ll be there long after he’s gone. When Laurence Fink of BlackRock Inc.’s insisted on speaking to her boss, she made a three-way call. But don’t be confused. Martín Guzmán, Argentina’s 37-year-old economy...
    (Bloomberg) – Argentina’s bonds rose after the government submitted a new offer to restructure its debt, giving bondholders approximately $ 13 billion more compared to its initial proposal announced in April. The country’s $ 2.6 billion in 100-year bonds rose 1.4 cents to trade at 39.5 cents on the dollar at 11:49 a.m. In New...
    Breaking News — Miami, Jul 4 . .- The Inter-American Press Association (IAPA) asked Argentine President Alberto Fernández on Saturday to stop the harassment and stigmatization of the press by his government so as not to “go back in time”, in reference to the Presidency of Cristina Kirchner (2007-2015). The IAPA, based in Miami,...
    BUENOS AIRES, Argentina (AP) - Argentina’s intelligence agency says the administration of previous President Maurico Macri spied on more than 400 journalists, and officials have released a document they say is evidence of the claim. An Excel spreadsheet presented to courts on Friday and made public Sunday by the president’s office listed 402 journalists who...
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