News of fernandez fernandez

DEBT RESTRUCTURING

Favourable initial reaction to Argentina's new debt swap offer

Yesterdat 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.

SANTA CRUZ PROVINCE

Fabián Gutiérrez, ex-secretary to Cristina Fernández de Kirchner, found dead

04-07-2020 17:30 Gutiérrez, a former private secretary to ex-presidents Néstor Kirchner and Cristina Fernández de Kirchner, had last been seen in El Calafate on Thursday. At least four individuals have been arrested and three have admitted to the crime, says investigating judge.

AS I SEE IT

China will soon come a-calling

04-07-2020 09:25 The coronavirus plague has harmed China’s international reputation, but it has also weakened many developing countries to such an extent that they will find it all but impossible to turn down offers of financial help.

by James Neilson

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.

OPINION

Giorgio was right

04-07-2020 08:51 Quarantine has been renewed, presented as a lifestyle by the government.

by Pola Oloixarac

EDITORIAL

Is isolation the best expression of independence?

04-07-2020 08:32 The pandemic is a curious ally of ultra-nationalism, feeding the notion that Covid-19 will destroy globalisation and the private sector in a world dictating a self-sufficiency of which very few countries can even dream.

CORONAVIRUS PANDEMIC

Argentina records highest number of Covid-19 fatalities in single day

04-07-2020 08:14 Health Ministry officials confirm deaths of 52 individuals – Argentina’s highest daily toll to date. With 2,845 people having tested positive over the last 24 hours, infections are continuing to accelerate.

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

MERCOSUR’S VIRTUAL SUMMIT

Mercosur vows unity in face of pandemic, as Macron cools on trade deal

04-07-2020 07:49 President Alberto Fernández calls for unity in face of the coronavirus pandemic during virtual summit, as reports in France suggest Emmanuel Macron has gone cold on Mercosur-EU trade deal.

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.

CRISTINA & ALBERTO

Is she winning?

27-06-2020 08:23 The major shock to the president’s credibility, though, was the failed expropriation of agro-giant Vicentín. Not only are a lot more people against the measure, but also the sensation that it’s of Cristina’s making, not Alberto’s.

by Agustino Fontevecchia

AS I SEE IT

Runners go home!

27-06-2020 08:13 Many leftists and populists want to prolong the status quo indefinitely because they are convinced that the state should play a far greater role in their country’s life.

by James Neilson

100 DAYS OF QUARANTINE

Hibernation time

27-06-2020 08:09 The pandemic is a tremendous challenge for the metropolitan area. Only history will explain the true extent of economic devastation in the region.

by Martín Gambarotta

100 DAYS OF QUARANTINE

100 days of quarantine

27-06-2020 07:48 On March 20, President Alberto Fernández told the nation in a televised address that all citizens would enter a mandatory quarantine period in an effort to prevent the spread of Covid-19. Though restrictions in some regions have now been loosened, many Argentines are today waking up this morning to their 100th day of lockdown. Here’s a look back at how the pandemic has changed our lives.

by Michael Soltys

CORONAVIRUS PANDEMIC

Fernández tightens AMBA lockdown until July 17 amid virus surge

27-06-2020 07:36 Government cranks up coronavirus lockdown in capital, as Peronist leader calls on citizens in Buenos Aires metropolitan to respect restrictions and ‘return to isolation’ until July 17.

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.

CORRUPTION & THE COURTS

Cuadernos: Judge pulls trial order against Fernández de Kirchner

23-06-2020 23:48 Citing a lack of evidence, Federal Judge Marcelo Martínez De Giorgi cancels trial order against vice-president related to a chapter of the 'Cuadernos' notebooks graft case related to the Techint multinational. De Vido also among beneficiaries.

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.

MINISTRY POSITIONS

Taxation the only certainty beyond the end of life (and this column)

20-06-2020 11:11 Taxation dates from this country’s earliest days even if customs dominated revenue in colonial and 19th century Argentina, the root cause of the incredible centralisation persisting today.

by Michael Soltys

CONGRESS

Cafiero faces flurry of questions in Congress début

20-06-2020 10:44 Cabinet chief defends move to nationalise Vicentin, says pensions have improved in real terms.

THE LAST SEVEN DAYS

What we learned this week: June 13 to June 20

20-06-2020 09:55 Some of the most important stories in Argentina from the last seven days.

EXPROPRIATION OF VICENTIN

Vicentin’s expropriation and how to break bad news

20-06-2020 09:26 A Peronist expropriation, and maybe even nationalisation, sounds like the best way to burn a lot of money straight into inefficient bureaucracy and corruption.

by Agustino Fontevecchia

DEBT RESTRUCTURING

Government puts on brave face as it extends debt deadline by five weeks

20-06-2020 08:53 After a troubling week for debt talks, President Fernández now says there’s no rush to seal a deal, saying that “negotiations are progressing in fits and starts.”

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.

CORONAVIRUS PANDEMIC

Covid-19 surge concerns officials, as politicians join sick list

20-06-2020 08:44 Argentina records more than 2,000 infections in a day for first time since crisis began; María Eugenia Vidal tests positive, President Fernández told to limit activity, stay home.

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.