News of funds

Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle'

21-01-2022 18:06 Nobel laureate economist Joseph Stiglitz is facing a wave of criticism from peers after he claimed crisis-prone Argentina is witnessing “an economic miracle.”

Argentine warrants more than double after ruling favours Aurelius

03-12-2021 01:27 US court rules Argentina will be required to show how it calculated statistics at the centre of a legal battle between the country and hedge fund Aurelius Capital Management LP.

Court tells daughter of Hugo Moyano to return cash seized in raid

01-09-2021 20:22 Judge tells Karina Moyano, daughter of veteran trade unionist Hugo Moyano, to hand over 600,000 pesos and US$434,000 within the framework of money-laundering and drug-trafficking probe.

Paris Club says Argentina has committed to IMF deal by next March

23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.

Argentines hedge against yet another inflation spiral

15-06-2021 17:46 Amount of money placed in mutual funds that invest in inflation-linked debt in Argentina has leaped 40% in just 30 days, far outstripping any other type of fund.

Argentina to use Paris Club grace period to further debt talks

31-05-2021 11:04 Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.

Debt restructuring talks for Buenos Aires Province stall

22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.

President pitches Argentina to top global investment funds

16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.

Buenos Aires under fire

05-12-2020 10:28 Cristina and her friends hope that by defunding the City government they will force the mayor to cut spending to the bone, which they assume should be enough to turn people against him.

by James Neilson

City mayor rails against 'political attack' as tensions over funding soar

03-12-2020 11:20 Political tensions have surged back to the fore in Argentina after the Chamber of Deputies approved by a 129-118 vote a sharp cut in this city’s federal revenue-sharing funding on Tuesday following a marathon 20-hour session and intense debate.

Sergio Chodos: ‘The intention is to ask the IMF for financing in order to leave it’

17-10-2020 08:57 The visit of a mission team from the International Monetary Fund has begun a new chapter for Argentina and its deteriorating economy. Sergio Chodos, Executive Director for the Southern Cone at the IMF and the official perhaps closest to Economy Minister Martín Guzmán, says the government is seeking an agreement with the Fund, in order not to depend on it any longer.

by Jorge Fontevecchia

Brazilian senator caught hiding money 'between buttocks'

15-10-2020 19:38 A Brazilian lawmaker has stepped down from his position representing President Jair Bolsonaro’s government and been suspended from the Senate, after police searched his house and found allegedly illegally obtained cash hidden in his underwear.

Opposition anger at ‘unconstitutional’ federal revenue-sharing move

12-09-2020 09:00 Buenos Aires City Mayor Horacio Rodríguez Larreta said the president had chosen “division” over “dialogue.”

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

Government files official debt offer with SEC, extends deadline

17-08-2020 14:50 Amended debt restructuring offer filed with US Securities and Exchange Commission, extending deadline for investors to accept until August 28.

Argentina’s creditors will get better debt deals from provinces

14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.

Economists praise debt deal but warn challenges on horizon

04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.

'We resolved an impossible debt,' declares delighted Fernández

04-08-2020 14:19 President Alberto Fernández hails government after officials confirm Argentina has reached an agreement with three major creditors over restructuring of US$66-billion debt.

Ecuador wins bondholders’ approval for debt restructuring

03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.

Creditors seek international backing on debt clauses

02-08-2020 17:01 Bondholders approach several international organisations, including IMF and US Treasury, to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities.