News of argentina

Evo Morales leaves Argentina for Venezuela

Yesterdat 22:51 Bolivia's former president Evo Morales left Argentina for Caracas late Friday in an official Venezuelan aircraft, state news agency Télam reported.

BLOOMBERG

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

REGIONAL OUTLOOK

Latin America won’t see pre-virus growth until 2023, IMF says

22-10-2020 18:00 Most countries in Latin America will be unable to return to their pre-pandemic growth levels until 2023, says the IMF.

Bloomberg

Guzmán says Argentina mulling changes to tax, social security systems

22-10-2020 01:36 Argentina is considering changes to its tax and social security structures as part of a plan to address economic imbalances, Economy Minister Martín Guzmán reportedly told a group of investors last week.

IN FOCUS

Economy Ministry takes steps to relieve pressure on currency markets

21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.

Coronavirus pandemic

Government says some negative Covid-19 tests weren’t being counted

21-10-2020 16:39 Health Minister Ginés González García says some provinces are misreporting test data, explaining Argentina's "very high" positivity rate.

ARGENTINA ABLAZE

Authorities demand probe as fire ravages Jujuy national park

20-10-2020 22:28 Authorities at Calilegua National Park file writ demanding investigation into causes of a fire thought to have started on neighbouring land owned by Ledesma sugar giant. Company says it is cooperating with efforts to tackle the blaze.

by Nick Evans

Coronavirus pandemic

Argentina surprasses one million Covid-19 infections

19-10-2020 22:32 Health Ministry’s evening update reports more than 12,000 new infections in 24 hours, pushing Argentina past the one-million mark. Country now accounts for roughly 2.5 percent of all confirmed cases worldwide.

Global pandemic

Argentina hits one million cases as virus slams Latin America

19-10-2020 22:10 In Argentina, it's smaller cities like Ushuaia are now seeing some of the most notable upticks in Covid-19 infections. Across Latin America, three other nations are expected to reach the one-million-case milestone in the coming weeks — Colombia, Mexico and Peru.

BLOOMBERG

Argentina bond rout blows up the template for debt restructuring

19-10-2020 20:40 Investors are giving up on Argentina, just six weeks after the government pulled off a US$65-billion restructuring.

Business departure?

French multinational Danone announces strategic review of activities in Argentina

19-10-2020 09:43 French food multinational Danone plans biggest shake-up in years with portfolio review; changes could involve sale of Vega protein powder brand as well as a unit in Argentina.

Coronavirus pandemic

Covid-19 hits Mar del Plata, as pandemic surges in Argentina

19-10-2020 07:00 Mar del Plata has become an epicentre in a coronavirus surge through Argentina's interior that has given the country the fifth-highest confirmed case total in the world.

EU-MERCOSUR DEAL

EU parks trade deal with Mercosur over environmental concerns

17-10-2020 09:56 More than 15 months ago, then-president Mauricio Macri hailed the sealing of the Mercosur bloc’s historic trade agreement with the European Union. Today, as European nations express environmental concerns, ratification isn’t even close to starting.

by Fermin Koop

CORONAVIRUS PANDEMIC

New records, same problem: Covid-19 continues to ravage Argentina

17-10-2020 09:50 With more than 25,000 dead and close to a million infected, Argentina now ranks fifth for confirmed cases worldwide. Week closes with record high caseloads.

INTERNATIONAL FOOTBALL

Snarling skipper Messi sets tone for Argentina

17-10-2020 09:10 Lionel Messi was back to his vociferous best this week, and the Albiceleste captain's transformation from shrinking violet to snarling porteño cabbie stuck in rush hour traffic has been gestating for some time now.

by Dan Edwards

Energy

Fernández unveils plan to boost production at Vaca Muerta

17-10-2020 08:05 President Alberto Fernández says Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country’s prized Vaca Muerta shale deposits.

Bloomberg

Cracks surface in Argentina’s ruling coalition as crisis deepens

16-10-2020 11:13 Multiple rifts between different factions within Alberto Fernández's Frente de Todos coalition are coming to light, including including the president's more centrist bloc and the far-left supporters of powerful Vice-President Cristina Fernández de Kirchner.

La Garganta Poderosa

‘We must fight to correct inequality,’ says Messi in rare political interview

16-10-2020 00:46 Argentine footballing superstar criticises prevailing global social inequalities, as he delivers rare political comment in special interview marking 100th edition of La Garganta Poderosa.

PLANE CRASH TRAGEDY

Man charged over plane death of late footballer Emiliano Sala

15-10-2020 19:24 Britain's Civil Aviation Authority says it has charged man in connection with the death of Argentine footballer Emiliano Sala in a light aircraft crash last year.

Coronavirus pandemic

Argentina now has fifth highest tally of Covid-19 infections worldwide

15-10-2020 02:07 With 14,932 new cases alone on Wednesday and a total of 931,967 infections since the start of the pandemic, Argentina now ranks fifth globally for confirmed cases.

Coronavirus pandemic

AFA confirms top-flight football in Argentina will return on October 30

15-10-2020 00:54 AFA chief Claudio Tapia confirms that top division teams will restart matches on October 30, after seven months without Argentine league football.

TALKS OVER IMF PROGRAMME

IMF: Argentina needs 'credible' plan to overcome crisis

14-10-2020 15:00 Argentina's "top priority ought to be to put in place a credible and comprehensive economic agenda that balances supporting the economy and people," says IMF chief Kristalina Georgieva.

Global pandemic

IMF envisions a sharp 4.4% drop in global growth for 2020

13-10-2020 11:39 International Monetary Fund predicts steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession. Argentina's economy now forecast to contract by 11.8%.

IMF DEBT TALKS

IMF to launch talks on new loan for Argentina in November

12-10-2020 12:23 The International Monetary Fund says in a statement it will initiate talks with the government on a new rescue package in mid-November.

Financial turmoil

Fernández: Currency market is messy, it needs order

11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”

BLOOMBERG - OPINION

El-Erian: Argentina and Ecuador diverge after bond restructurings

11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.

Nagorno-Karabakh conflict

Armenians in Argentina decry Nagorno-Karabakh conflict

11-10-2020 08:51 Hundreds of people from Argentina's Armenian community demonstrated Saturday in Buenos Aires, calling for an end to fighting in the separatist region of Nagorno-Karabakh.

Bloomberg

Argentina expands tech companies’ incentives amid recovery push

10-10-2020 20:35 Government expands benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports.

AS I SEE IT

In thrall to an abject failure

10-10-2020 10:21 Like many others, the Kirchnerites put their own ideological hang-ups first and human rights a long way second.

by James Neilson

BUSINESS

Currency controls hit private companies in Argentina

10-10-2020 10:11 Capital controls were already a headache for private companies, but more drastic measures obliging firms to restructure their debts has delivered an even harder blow.

IMF TALKS

Fernández, Georgieva ‘confident’ Argentina will seal new IMF deal

10-10-2020 10:01 Officials on both sides say all the right things as first visit of IMF mission team passes off without incident. Kristalina Georgieva says Fund has "no intention of putting pressure on Argentina at this time."

HUMAN RIGHTS

UN vote on Venezuela opens up faultline in Frente de Todos

10-10-2020 09:32 Argentina throws support behind a UN human rights report in Venezuela, sparking criticism from Kirchnerite figures and the resignation of key ambassador.

FOREIGN (AND DOMESTIC) POLICY

Venezuela: Argentina's old/new problem

10-10-2020 09:07 It doesn’t really matter whether Cristina is calling the shots, whether her henchmen are acting independently, or if Alberto is acting out of his own accord, trying to please his vice-president and keep his coalition united. The end result is the same: increased uncertainty, which ultimately feeds Argentina’s risk thermometer: the dollar-peso exchange rate.

by Agustino Fontevecchia

BLOOMBERG

Argentina’s currency woes show no sign of easing

10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.

Coronavirus pandemic

Fernández puts 14-day restrictions on movement in 18 provinces

10-10-2020 08:28 Government to tighten measures restricting the movement of people in 18 provinces for two weeks, as Covid-19 infections and fatalities continue to break new records.

International football

Messi fires Argentina to World Cup qualifying win over Ecuador

09-10-2020 01:16 Argentina struggle to break down an organised and physical Ecuador side, but emerge with a 1-0 win thanks to Lionel Messi's 12th minute penalty.

WORLD CUP QUALIFIERS

Little to shout about as Argentina see off Ecuador

09-10-2020 01:12 The stands were silent at the La Bombonera on Thursday night and Lionel Messi and Co responded with a suitably muted performance against Ecuador.

by Dan Edwards

ECONOMIC INDICATORS

Industry down 7.1% in August year-on-year, says INDEC

08-10-2020 19:22 Around 54 percent of local manufacturers operated normally in August, with 45.9% working only partially or inactive, says INDEC.

Coronavirus pandemic

Argentina records new daily high of 16,000 infections in 24 hours

08-10-2020 17:56 More than 840,000 infections since pandemic began, with 22,226 fatalities. Brazil surpasses five million confirmed cases.

Human rights

UN extends Venezuela human rights violations probe

07-10-2020 18:05 UN Human Rights Council slams "widespread" political persecution in Venezuela and votes to extend its fact-finding mission for another two years, a decision that sparks immediate repercussions in Argentina.

SENATE ADDRESS

Cafiero confirms government wants to postpone IMF debt repayments

07-10-2020 17:56 In address to Senate, Cabinet Chief Santiago Cafiero confirms government will ask the International Monetary Fund to postpone scheduled repayments on a US$44-billion loan.

BLOOMBERG

Wealthy Argentines flee taxes, politics to settle in Uruguay

07-10-2020 17:01 Nearly half of the 504 Argentines who’ve taken up tax residency abroad this year have chosen Uruguay.

SUPREME COURT

Rosenkrantz dismisses impeachment drive as 'smear campaign'

07-10-2020 01:37 Supreme Court Chief Justice Carlos Rosenkrantz says impeachment drive against him is based on "completely unfounded" accusations and "motivated by political interests," as judicial tensions soar in Argentina.

WORLD CUP QUALIFIERS

Messi to put Barça drama behind him as Albiceleste seek fast start

07-10-2020 01:04 Lionel Messi will take a break from his Barcelona soap opera as he bids to fire the Albiceleste to the World Cup in Qatar.

IMF TEAM IN TOWN

IMF vows not to put 'pressure' on Argentina over loan

07-10-2020 00:52 Kristalina Georgieva says IMF has "no intention of putting pressure on Argentina at this time," as negotiators from Fund arrive in Buenos Aires for talks.

FRENCH OPEN

Schwartzman shocks Thiem to reach first Grand Slam semi-final

06-10-2020 16:14 Argentine defeats US Open champion and third seed Dominic Thiem in a five-hour epic to reach the Roland Garros semi-finals, Schwatzman's first ever Grand Slam last-four appearance.

TENNIS

Argentine sensation Podoroska first to qualify for French Open semi-finals

06-10-2020 15:16 World number 131 Nadia Podoroska had never won a Grand Slam match before this year's French Open began. Now the Argentine sensation is dreaming of glory.

Judiciary

Frente de Todos deputy files request to impeach head of Supreme Court

06-10-2020 08:25 Frente de Todos lawmaker on Monday presented a request for impeachment to the president of the country's Supreme Court, according to a government document.