Latin America Argentina

  • BUENOS AIRES, Feb 24- Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the South American country's meat export chamber told Reuters. Soaring demand from China last year saw sales of Argentine frozen boneless beef double to 408,500...

  • Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted Latin American country said it would launch consultations that could lead to a new funding program. IMF officials also briefed G20 finance ministers and central bankers about the situation in Argentina, whose debt...

  • RIYADH/ BUENOS AIRES, Feb 22- Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country's debt situation had become "unsustainable." This would give an assurance to bondholders as they head into restructuring talks that Argentina, notorious...

  • RIYADH, Feb 22- IMF Managing Director Kristina Georgieva on Saturday said she had a "very fruitful exchange of views" with Argentine Economy Minister Martin Guzman about putting the country on a path to more sustainable and inclusive growth. After meeting Guzman on the sidelines of a G20 gathering in Saudi Arabia, Georgieva said the Argentine government had...

  • The Fund, wrapping up a week-long visit to Argentina, said rising public debts meant the country needs a definitive plan to restore debt sustainability, which would require a "meaningful contribution from private creditors." "The IMF opened the door for Argentina to begin debt restructuring. Now the focus shifts to determining what a' meaningful contribution...

  • The Fund, wrapping up a week-long visit to Argentina, said rising public debts meant the country needs a definitive plan to restore debt sustainability, which would require a "meaningful contribution from private creditors." "The IMF opened the door for Argentina to begin debt restructuring. Now the focus shifts to determining what a' meaningful contribution...

  • RABAT, Feb 20- It is premature to give precise projections of economic growth in China and the World in 2020 following the outbreak of coronavirus, IMF Managing Director Kristalina Georgieva said on Thursday. The IMF is still reviewing its projections for growth in China while looking at the impact of the epidemic on the global economy, Georgieva told a news...

  • Argentina's President Alberto Fernandez looks on as he speaks to the press at the Elysee presidential Palace in Paris on February 5, 2020.

    Argentina is thought to be on the brink of falling into its ninth sovereign default.

  • BUENOS AIRES, Feb 19- The International Monetary Fund said on Wednesday that Argentina's debts were "unsustainable" and that bondholders in debt talks with the South American country would need to make a meaningful contribution to resolve the crisis. The statement lends support to Argentina's new Peronist government which has maintained it cannot pay its...

  • "It's been very hard on these specific areas, but in terms of the total production of the country, the effect has been marginal," said German Heinzenknecht, a meteorologist at consultancy Applied Climatology in Buenos Aires. "The forecast for the next 10 days is very dry over most of the country, which would help wet areas dry down," said Isaac Hankes, a weather analyst at...

  • BUENOS AIRES, Feb 19- Argentine bond investors waited on Wednesday for word from the International Monetary Fund about the sustainability of the country's debt and whether official meetings in Buenos Aires would yield a recommendation of a steep debt restructuring. Bond prices have stumbled 3.5% lower so far this year as uncertainty rises about the ability...

  • BUENOS AIRES, Feb 19- Argentine bond investors waited on Wednesday for word from the International Monetary Fund about the sustainability of the country's debt and whether official meetings in Buenos Aires would yield a recommendation of a steep debt restructuring. "It would be positive for the market to see a statement from the IMF that says Argentina's debt...

  • AGNELO, Argentina, Feb 19- Just weeks into his young administration, Argentina's new president convened a meeting with executives from Chevron Corp, Royal Dutch Shell PLC and other oil companies in a bid to smooth things over with an industry which he had slammed as a candidate months before. Campaigning last year against the South American country's former...

  • Feb 18- Latin American stocks and currencies slipped on Tuesday, after Apple Inc's sales warning stoked worries of how the coronavirus outbreak in China could affect companies and global supply chains. "It has shifted people's focus back to the ultimate economic damage in the wake of this coronavirus," aid Art Hogan, chief market strategist at National...

  • Demonstrators rest during a protest against the International Monetary Fund (IMF) on February 12, 2020 in Buenos Aires, Argentina.

    Argentina's government has said it needs to restructure $100 billion in debt, including $44 billion to the IMF.

  • BUENOS AIRES, Feb 17- Argentine bonds were paralyzed on Monday as investors awaited word from debt talks between the cash-strapped government and its biggest creditor, the International Monetary Fund, that were expected to set the tone for a massive bond restructuring ahead. A team of IMF economists is in Buenos Aires negotiating the rejig of $44 billion in...

  • DP World, which operates ports around the world from Hong Kong to Buenos Aires, will take on $8.1 billion in debt to finance the deal in which Port and Free Zone World, part of state investment vehicle Dubai World, will acquire the 19.55% of Nasdaq Dubai listed shares for $2.7 billion. It will also pay Dubai World $5.15 billion, helping it to meet outstanding...

  • BUENOS AIRES, Feb 14- The head of Argentina's social security agency announced a 13% increase in pensions for low-income people on Friday, even as the government battles a persistent economic crisis and high inflation.

  • BUENOS AIRES, Feb 14- A meeting between Argentine Economy Minister Martin Guzman and International Monetary Fund officials on Friday took place in a "constructive climate," a statement by the ministry said. The IMF mission will stay in Argentina until Feb. 19 with the aim of observing the country's economic and social situation, and the progress of the...

  • BUENOS AIRES, Feb 14- Argentina's bloodied bond market could take another beating if debt renegotiations take longer than expected, analysts said on Friday, as investors digested a week full of bearish news and the economy minister's tough comments about creditors. On Tuesday the government unilaterally postponed a $1.47 billion payment on its AF20 bond...