News of financial

Fernández de Kirchner calls for political pact to end Argentina’s currency woes

27-10-2020 00:20 Vice-President Cristina Fernández de Kirchner called Tuesday for a grand political agreement to resolve Argentina’s mounting currency crisis, a move that was mostly met with incredulity among the opposition.

DEBT RESTRUCTURING

Guzmán asks creditors to 'avoid destructive patterns of the past'

03-05-2020 16:20 Economy minister pens column for Britain’s influential ‘Financial Times’ daily, reiterating that Argentina cannot pay more than what’s on the table in US$65-billion debt restructuring deal.

Periodismo Puro / Interview

Listen: Interview with Financial Times' chief economics commentator, Martin Wolf

25-04-2020 20:47 Martin Wolf, chief economics commentator for the Financial Times, discusses the coronavirus pandemic and its economic fall-out in an exclusive interview with Perfil co-founder Jorge Fontevecchia.

by Jorge Fontevecchia

Bloomberg

Argentina in dispute with creditors over debt grace period

02-04-2020 19:44 Argentine authorities are at odds with international bondholders over a proposal for a four-year moratorium on payments to creditors.

Virus panic

After a US$1-trillion wipeout, emerging markets bank on stimulus

02-03-2020 13:22 With the world reeling from one of the biggest risk sell-offs since the 2008 global financial crisis, more coronavirus-fueled declines in emerging markets may only be tempered by the prospect of coordinated central bank action or large fiscal stimulus.

EMERGING MARKETS

Argentine bonds returned 9.6% in February despite virus

28-02-2020 16:49 Argentine bonds lead the way with 9.6% returns among risky sovereign securities of emerging markets in February, thanks to the rate cuts of the Central bank and despite the financial instability caused by Coronavirus.

DEBT NEGOTIATIONS

20%? 35%? Analysts ponder what's an acceptable haircut for bondholders

27-02-2020 07:00 The IMF's support for the government last week won't convince bondholders to accept a larger haircut of Argentina's debt than initially foreseen, according to analysts.

by Mirta Fernandez

Global economic slowdown

Global safety rush sends US yields plunging toward record lows

24-02-2020 15:44 Traders are preparing for the worst as the coronavirus spreads across national borders, stoking fears about its economic impact as US yields fell to their lowest levels since 2016.

BOND PAYMENT DELAY

Further 're-profiling' of maturities in pesos looms, analysts predict

18-02-2020 12:00 Next key date for government be March 6, with A2M2 payments worth about US$1 billion due that day. Government may have to resort to the issue as Martin Guzmán’s credibility is being tested by the markets.

by Mirta Fernandez, Perfil

MARKETS

Argentine bonds fall in reaction to Guzmán’s address to Congress

13-02-2020 13:13 Bonds take a hit in wake of economy minister's comments that a "deep debt restructuring" is on the cards.

RATINGS AGENCY

Fitch lifts Argentina out of restricted default for second time

24-12-2019 07:46 The decision to delay payments on the dollar-denominated Treasury bills, known as Letes, until August 31, 2020, placed the country in a one-day technical default, Fitch said.

BLOOMBERG

Political swing hits Glencore partner at top soy plant

06-12-2019 10:04 Upcoming change of government leaves nation’s top shipper of soybean meal and oil in a financial bind.

OPINION – BLOOMBERG EDITORIAL

The financial view: Argentina doesn’t need more false promises

02-11-2019 11:20 Sunday’s win by Alberto Fernández has sparked talk of a return to the country’s storied left-wing populism. Yet it’s hard to move left — or right, or anywhere — when you’re boxed in by the legacy of chronic economic mismanagement.