News of alberto fernandez

DEBT RESTRUCTURING

'We can't do more than this,' Fernández tells Argentina's creditors

Yesterdat 23:54 President says in a radio interview that Argentina has made its "maximum effort" to reach an agreement with bondholders, reiterating that what's on the table is the country's "final offer."

Coronavirus pandemic

Argentina surpasses 100,000 confirmed cases of Covid-19

12-07-2020 21:06 Health Ministry confirms 2,657 new cases of Covid-19, taking Argentina past the symbolic 100,000 barrier.

POLARISATION & POLITICS

So much for unity: La grieta returns with a vengeance

11-07-2020 07:42 Tensions between government and opposition soar in week Argentina celebrated Independence Day.

BLOOMBERG

Ecuador’s speedy debt deal underscores Argentina’s hang-ups

10-07-2020 17:31 President Lenín Moreno’s administration struck an agreement with some of its top bondholders this week ahead of a mid-August deadline, when a moratorium on payments ends. By contrast, Argentina has presented a second binding offer to creditors after pushing back its deadline five times.

9 de Julio

Fernández calls for unity in face of pandemic on Independence Day

09-07-2020 18:07 "No society realises its destiny amid insults and divisions, and with hatred as a common denominator," declares president at event marking 9 de Julio, lashing out at "serial haters."

DEBT RESTRUCTURING

Favourable initial reaction to Argentina's new debt swap offer

08-07-2020 16:58 Two investment funds, Gramercy and Fintech Advisory, express approval for Argentina's new debt restructuring offer. Creditors entering the swap stand to obtain 53.5 cents for every dollar loaned as against 39 cents in the first offer rejected by most creditors.

Coronavirus pandemic

Fernández wishes Bolsonaro a speedy recovery from Covid-19

07-07-2020 23:28 Peronist leader sends his Brazilian counterpart a letter wishing him a speedy recovery, after Bolsonaro confirmed Tuesday he had tested positive for Covid-19.

DEBT RESTRUCTURING

Government files new debt restructuring offer with SEC

07-07-2020 14:04 Argentina formally presents its new proposal to the US Securities and Exchange Commission, extending deadline for acceptance to August 4.

BLOOMBERG - OPINION

Mohamed A. El-Erian: Argentina's debt proposal deserves support

07-07-2020 01:35 It would be in neither side's long-term interest to allow the theoretical best to be the enemy of the attainable good – what is now on the table warrants support by both Argentina and its creditors.

DEBT RESTRUCTURING

Fernández: New offer to creditors on way, deadline moved to August 4

05-07-2020 22:10 Argentina to present new offer to bondholders on Monday, with deadline extended until August 4.

CORONAVIRUS PANDEMIC

Anxiety and anguish in Buenos Aires as lockdown returns

04-07-2020 08:57 The Buenos Aires metropolitan area returned to a strict quarantine this week and many citizens are growing increasingly uncomfortable.

ILLEGAL ESPIONAGE SCANDAL

The curse of power in Argentina

04-07-2020 08:06 Several of the major corruption cases of the K decade could end up being dropped due to procedural abuses, aiding the newfound lack of political motivation of most magistrates.

by Agustino Fontevecchia

ANALYSIS

Sino-American dispute a looming threat for Argentina and Brazil

04-07-2020 07:57 The relationship between Buenos Aires and Brasilia is in intensive care and the lack of coordination between the two governments exposes the region to an external vulnerability – becoming a place where the US and China settle their differences.

by Leandro Dario

SPECIAL INVESTIGATION

¿Qué pasa entre Alberto y Cristina?

04-07-2020 07:41 Pressure is growing on President Fernández to found his own ‘Albertismo’ movement, while Cristina Fernández de Kirchner sets the pace for both, with infighting channelled through their officials and allies – a tussle most recently exposed by the move on Vicentín.

POLITICS & THE PANDEMIC

Metropolitan area blues

04-07-2020 07:29 The display of bipartisan civility, even with disagreements behind the scenes between Buenos Aires City and Province, is now routine. Yet the volatility has not gone away.

by Martín Gambarotta

DEBT RESTRUCTURING

Two creditor groups mull 'lock-up' to oppose government's offer

03-07-2020 03:47 The Ad Hoc and Exchange Bondholder groups are closely watching to see if the government submits an offer that it has discussed with a third creditor group – the Argentina Creditor Committee – and would reject it.

Femicide in quarantine

Feminist organisation: one femicide every 29 hours in Argentina

02-07-2020 16:32 Feminist organisation Mumalá recorded at least 143 femicides in Argentina during the first six months of 2020, according to new report.

DEBT RESTRUCTURING TALKS

Government weighs earlier coupon payments as debt talks stall

30-06-2020 19:09 Argentina is considering paying coupons sooner than previously announced, as it aims to close a gap with creditors in debt restructuring talks, according to people with knowledge of the matter.

DEBT RESTRUCTURING

Argentina's creditors urge officials to move ahead on debt talks

30-06-2020 15:10 Creditors groups call for progress on talks, saying the "lack of serious engagement from the Argentine authorities is deeply concerning."

ECONOMIC INDICATORS

Argentina's economy tanked in April as virus hit home

30-06-2020 12:33 Construction was the worst hit industry, plummeting 86.4%, with hotels and restaurants not far behind (down 85.6%). Manufacturing, down 34.4%, and business, which lost 27%, were also hard hit.

Coronavirus pandemic

Argentina records highest daily death toll yet from Covid-19

30-06-2020 00:23 Forty-eight people died from Covid-19 in Argentina over the last 24 hours, Health Ministry officials said Monday, lifting the total number of fatalities to 1,280.

BLOOMBERG

Economy plunges more than expected after lockdown

29-06-2020 23:10 Economic activity fell 17.5% in April from the previous month, and 26.4% from a year ago, the government reported Monday.

Coronavirus pandemic

Argentina surpasses 50,000 Covid-19 cases, new restrictions on way

26-06-2020 02:58 President Alberto Fernández set to announce return to strict lockdown in Buenos Aires metropolitan area, running from July 1 to 17.

MALVINAS DISPUTE

Solá accuses UK of 'absolute disrespect' towards Malvinas sovereignty claim

23-06-2020 17:22 Foreign Minister Felipe Solá weighs in on Malvinas dispute, saying Argentina will continue to express its "profound annoyance" at the United Kingdom's "absolute disrespect" towards sovereignty claim.

BA CITY & PROVINCE

Officials to tighten AMBA lockdown if curve continues to accelerate

23-06-2020 00:29 As officials report new daily high of confirmed cases, Fernández, Kicillof, Rodríguez Larreta meet at Olivos and agree to tighten restrictions in Buenos Aires metropolitan area if curve continues to accelerate.

Coronavirus pandemic

Argentina records 1,000th death from coronavirus

22-06-2020 09:08 More than 42,000 infections have now been recorded in Argentina. Officials to meet on Monday to discuss whether lockdown in Buenos Aires metropolitan area will continue.

expropriation of Vicentin

Vicentin tensions rise amid protests, Fernández backlash

22-06-2020 08:42 Thousands of Argentines in Santa Fe Province, where Vicentin is headquartered, and other cities, expressed anger at the expropriation plan on Saturday, as President Alberto Fernández insisted on nationalising the company.

DEBT RESTRUCTURING

Creditors accuse Argentina of 'terminating dialogue' in order to 'provoke division'

20-06-2020 08:46 Ad Hoc and Exchange Bondholder groups says they’re “united in disappointment” about the decision to “terminate dialogue” with creditors and extend talks at a critical juncture of negotiations.

DEBT RESTRUCTURING

Debt restructuring 'progressing,' deadline extended for five weeks

20-06-2020 08:25 Deadline now set for July 24 "to continue discussions and allow the investors to contribute to a successful restructure," the government said in a statement.

Scientific breakthrough

Researchers develop therapeutic serum to treat Covid-19 patients

18-06-2020 17:58 Argentine researchers have developed a serum that could help treat coronavirus patients, according to the government.

DEBT RESTRUCTURING

Creditors' group issues court threat as debt talks hit a wall

18-06-2020 02:19 Talks seemed to have hit a wall, with one government source saying it was "highly unlikely" a deal will be agreed before Friday's deadline.

DEBT RESTRUCTURING

Debt talks with creditors stall amid growing animosity

18-06-2020 01:21 Ad Hoc Bondholder Group, one of several that have been most active in the talks, slammed Argentina for rejecting what it called a “sustainable and sensible solution.”

Coronavirus pandemic

Doctor tells President Fernández to limit contact, activity amid rise in cases

17-06-2020 18:37 The president's personal physician, Dr Federico Saavedra, says Peronist leader should stay at the Olvios presidential residence and avoid contact with others, amid rise in cases in Buenos Aires metropolitan area.

DEBT RESTRUCTURING

Argentina extends confidentiality agreements with creditors as talks continue

16-06-2020 23:12 Government likely to present its new offer on Friday, with deadline set for another extension until Monday.

Bloomberg

Farmers shun government's solution to debt conundrum

16-06-2020 22:28 Agriculture sector lobbying against the government’s proposal to sweeten an offer on its overseas debt restructuring with payments tied to sector's exports.

BLOOMBERG

Creditors present new debt swap offer, but differences remain

15-06-2020 23:58 Two groups submitted offer to government over weekend, in which they agreed to accept losses on a net-present value basis of about 44% to 46%, according to reports.

Coronavirus Pandemic

Officials debate future of quarantine, likely to limit public transport

15-06-2020 16:10 National, Buenos Aires City and provincial health ministers meet to debate future of quarantine and preventative steps to tackle Covid-19, as officials in Chaco announce return to stricter lockdown in province.

DEBT RESTRUCTURING

Fernández: Argentina working on improved offer to creditors

15-06-2020 09:00 "We all want to avoid default, but we are acting with economic rationality," declares Peronist leader, confirming a new improved offer is on the way.

Coronavirus pandemic

More than 30,000 coronavirus infections in Argentina

14-06-2020 09:31 Health Ministry officials confirmed another 1,531 cases of Covid-19 on Saturday night, taking Argentina past the 30,000-barrier since the pandemic began.

DEBT RESTRUCTURING

Argentina extends debt offer deadline as talks start wrapping up

12-06-2020 17:39 The country will push back the deadline by a further week to June 19, according to a statement from the Economy Ministry.

Another debt deadline day

Government prepares new proposal for creditors, extension likely

12-06-2020 02:58 Government expected to deliver new proposal to bondholders on Friday, with likely deadline extension to follow.

BLOOMBERG

Resistance grows to government's plan to nationalise Vicentin

12-06-2020 02:05 President Alberto Fernández announced on June 8 that the state would nationalise soy giant Vicentin, which was the country's largest grain exporter until it hit a crisis at the end of last year.

MALVINAS DISPUTE

Argentina pushes law to demarcate new continental platform, including Malvinas

12-06-2020 00:26 Government seeking to convert into law new demarcation lines extending beyond 200 miles for its continental platform, which would include the Malvinas (Falkland) Islands.

DEBT RESTRUCTURING

Fernández says Argentina will improve its debt offer to creditors

11-06-2020 01:51 "The offer that we are going to make is not going to put at risk the sustainability of the debt and the Argentine economy," president declares in interview.

Post-Covid Flights

Aerolíneas Argentinas outlines new potential post-lockdown protocols for flights

10-06-2020 23:14 State-run airline details likely health and hygiene measures that will be applied once carriers begin retaking to the skies.

THE PERONIST PROFESSOR

President Fernández keeps up with UBA teaching commitments online

10-06-2020 17:00 President Alberto Fernández thanks his students for their patience and understanding, as he finds time among the pandemic to teach theory of crime and penal law class.

BLOOMBERG – ANALYSIS

Argentina moves to nationalise one of world’s biggest soy suppliers

08-06-2020 23:25 President Alberto Fernández has dipped into the play book of his vice-president, Cristina Fernández de Kirchner, with his plan to seize crop trader Vicentin SAIC.

DEBT RESTRUCTURING

Argentina's stock exchange surges as hopes build debt deal is close

08-06-2020 22:42 Buenos Aires Stock Exchange climbed to a record 48,881 points having also gained 19.3% last week. Reports speculate that the government will announce a day with creditors on Friday.

quarantine protocol

More than 20,000 shops reopen in Buenos Aires City

08-06-2020 14:24 Runners were everywhere and more than 20,000 clothes and shoe shops in the capital were allowed to open on Monday, as Argentina began a gradual reopening following more than two months of coronavirus lockdown.

argentina

Lockdown extended until June 28, with 'two types of quarantine'

05-06-2020 03:15 President Fernández announces extension of lockdown for Buenos Aires metropolitan area and other areas of high Covid-19 contagion, with restrictions lifted and 'mandatory social distancing' introduced for most provinces.