MEDIA Latin American newspapers bet on digital subscriptions 26-01-2021 08:52 Latin America's newspapers, affected financially by the migration of readers to the Internet, are betting on subscription modes to secure their future.
Bloomberg Fintech firm Ualá takes mobile payments to small businesses 06-12-2020 16:59 Ualá, the mobile payments company backed by heavyweight investors, is expanding into merchant services in Argentina, launching a number of services for small businesses.
DEBT RESTRUCTURING Adherence to domestic debt swap deal rises to 99.49% 29-11-2020 23:29 Government announces that adherence to its offer to restructure US$41.7 billion in bonds issued under local jurisdiction has risen to 99.49 %.
BLOOMBERG Billionaire-backed Argentine fintech Ualá launches in Mexico 29-09-2020 15:30 Ualá, the mobile payments startup backed by heavyweight billionaire investors George Soros and Steve Cohen, expands beyond Argentina into Mexico.
BLOOMBERG Government wants Buenos Aires Province to be first to seal debt deal 10-08-2020 16:39 Casa Rosada wants Buenos Aires Province to be the first to resolve debt restructuring talks, according to sources, denying creditors chance to demand better conditions.
Coronavirus pandemic Kicillof says Buenos Aires Province will pay Covid-19 patients to isolate 23-07-2020 11:38 Provincial government will pay citizens with mild cases of coronavirus 500 pesos per day (US$6.97) if they stay for 10 days in government facilities through the 'Acompañar' programme.
DEBT RESTRUCTURING Argentina eases local dollar debt burden with US$5-billion swap 19-07-2020 08:53 Large number of exchanged dollar maturities underscores the success of recent government efforts to restore confidence in the local debt market.
Congress Fernández confirms government will impose one-off wealth tax 03-06-2020 15:09 President says the introduction of a capital levy would be a one-off “extraordinary measure." Lawmakers say bill would boost government coffers by between US$2.5 million and US$4 billion.
DEBT RESTRUCTURING Feud with BlackRock escalates as debt talks get heated 16-05-2020 10:53 The govenrment’s debt restructuring talks with foreign creditors are getting heated, and one Wall Street firm – BlackRock Inc – is a big part of the reason why.
BLOOMBERG Analysts: Buenos Aires Province bondholder offer headed for rejection 24-04-2020 17:08 Proposal by Argentina’s largest province to restructure US$7 billion of international debt draws immediate criticism from analysts.
DEBT RESTRUCTURING Bonds gain after debt restructuring proposal, but some investors left cold 18-04-2020 08:50 Markets and analysts react as Economy Minister Martín Guzmán asks bondholders to accept three-year grace period, cut of 62% on bond interest and 5.4% on debt capital.
RATINGS AGENCIES Ratings agencies downgrade Argentina after payment freeze 07-04-2020 23:03 S&P adjusted Argentina's rating to "selective default" on Tuesday, after government freeze payments on dollar-denominated debt under local law. Move follows in the footsteps of downgrades from Fitch and Moody's.
Coronavirus pandemic Huge queues outside banks as they open doors during lockdown 03-04-2020 20:23 For the first time since the nationwide lockdown, retired Argentines and receiving social security payments left their homes in droves as banks reopened their branches.
Football in chaos South American footballers seek full pay amid coronavirus 02-04-2020 18:03 As players around Europe accept pay cuts amid the coronavirus pandemic, some of their less-well-compensated South American counterparts are fighting for every penny.
Debt talks & Covid-19 Pandemic poses perfect storm scenario for Argentine debt 16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.
Bloomberg Creditors offered bond swap ahead of key peso debt payment 04-03-2020 16:04 Argentina offers investors a swap that debt for new bonds maturing in 2019, in a move that could allow the government to avoid increasing money supply.
MISSION TEAM Fernández praises Guzmán as IMF confirms team will visit next week 28-02-2020 13:52 International Monetary Fund confirms it will send a mission team to Buenos Aires again next week to continue auditing public accounts.
RESTRUCTURING Economy Ministry delays payment of AF20 bond principal 11-02-2020 17:07 Economy Ministry, headed by Martín Guzmán, slams "speculation" in fierce statement, saying it would not allow "Argentine society" to be "held hostage by international financial markets."
Delaying Debt Fidelity wins big on Buenos Aires bond payment 05-02-2020 12:25 Buenos Aires Province avoids immediate default by agreeing to use money from its coffers to make a principal debt payment, Kicillof says.
Deadline approaches Buenos Aires Province sweetens deal for 2021 creditors 27-01-2020 17:27 In exchange for pushing back the deadline on a US$250-million principal payment, investors would get paid interest on those funds, according to the offer revealed Monday.
Bloomberg Kicillof shows restraint as he takes on creditors once again 16-01-2020 15:45 Governor delivers tough message to bondholders, as Buenos Aires Province asks creditors to accept delay onUS$250-million principal payment due January 26.
Bloomberg Buenos Aires Province asks to delay debt payment 14-01-2020 08:06 Axel Kicillof's provincial government asks bondholders of its 2021 notes to delay a principal payment due later this month, as national government's talks with creditors gear up.
BLOOMBERG Buenos Aires Province debt talks slam one of world’s best bonds 09-01-2020 21:54 Buenos Aires Province’s plan to seek talks with creditors ahead of a debt payment due this month has torpedoed one of the world’s best bond rallies.
NEW MEASURE Government confirms 4,000-peso increase for private-sector workers 06-01-2020 10:31 Labour minister announces rise for private-sector workers, with 3,000 pesos falling due with this month’s wage and the rest in February.
SALARIES Government, firms, unions agree one-off payment for private-sector workers 24-09-2019 09:45 Parties "agree mandatory salary payment of 5,000 pesos for private-sector workers," announces production and labour minister.