News of slump

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

ECONOMIC INDICATORS

Official: Argentina's economy shrank 9.9% in 2020, confirms INDEC

23-03-2021 21:26 Economy shrank by 9.9% in 2020 year-on-year due to the coronavirus pandemic – its worst fall in almost 20 years.

ECONOMIC OUTLOOK

More of the same?

13-03-2021 05:48 The kick-off of the October electoral campaign promises to be brutal for future expectations. Government and opposition will duke it out once again, using all of the usual dirty tricks.

by Agustino Fontevecchia

BRAZILIAN FIRM

Oil giant Petrobras sheds US$19 billion in value over two days

22-02-2021 20:45 A sell-off in Brazil’s state-controlled oil firm Petrobras picked up on Monday after a group of analysts downgraded the stock within 24 hours, following Jair Bolsonaro's decision to replace the company’s chief executive officer.

LATIN AMERICA

UN: Foreign direct investment in Latin America to fall by up to 55%

02-12-2020 13:39 Foreign direct investment in Latin America will fall by up to 55% in 2020, the UN's regional economic commission said Wednesday.

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."

THE WEEK

What we learned this week: October 3 to 10

10-10-2020 09:56 Our pick of the stories from the last seven days in Argentina.

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.

BLOOMBERG

Argentina’s new bonds plunge deep into distressed territory

21-09-2020 17:11 Argentina’s new dollar bonds have plunged back into distressed territory just two weeks after the nation restructured almost US$65 billion in debt.

AS I SEE IT

Making the most of failure

19-09-2020 10:01 Argentina has long been in the hands of individuals who reach power by attributing the country’s woes to the stupidity of their political rivals, but who once in office do not have the slightest idea of how to improve matters.

by James Neilson