News of funds

Latin American development bank announces US$3.8 billion in aid

14-10-2024 11:57 Ilan Goldfajn, head of the Inter-American Development Bank (IDB) voices clear support for President Javier Milei’s reforms and quest for fiscal balance.

POLITICS, COURTS & ECONOMY

National, City government agrees federal revenue-sharing deal

19-09-2024 00:27 After lengthy court battle over ‘coparticipación’ federal revenue-sharing funds, President Javier Milei’s government and City Hall agrees deal to deliver 2.95 percent in daily and weekly payments.

YPF CASE

Could Argentina's gold reserves be seized due to YPF debt?

25-07-2024 18:02 The government’s plan to get liquidity and show financial fortitude has opened a window of uncertainty in the face of possible international suits. There are priors which support the alert, and others that play it down.

by Ariel Maciel

ENERGY & GAS

YPF in talks with energy transfer to fund Argentina pipeline

20-07-2024 18:12 Argentine crude driller YPF SA has held talks with US pipeline company Energy Transfer LP to finance a cross-country pipeline that could ramp up shale oil exports.

POLITICS & ECONOMY

Milei signs pact with governors signalling aid during austerity

09-07-2024 14:16 Eighteen governors ink the 'Pacto de Mayo' with President Milei at a historic site in Tucumán Province in northern Argentina.

UNITED STATES ELECTION 2024

Paul Singer is pitching Wall Street's own brand of MAGA

25-06-2024 12:06 Over the past decade, business figures led by hedge-fund billionaire Paul Singer have poured nearly US$200 million into a New York think tank that’s now projecting its own vision for Trump’s America.

INTERNATIONAL MONETARY FUND

IMF urges increased assistance for Argentina’s poorest

06-06-2024 15:37 Fund’s chief spokeswoman Julie Kozack warns that Milei’s economic adjustment “should not fall disproportionately on working families.”

Bloomberg

Argentina warns of debt woes if US$1.5-billion award not reversed

21-05-2024 14:20 Argentina risks struggling to service some of its debt if it’s forced to pay out US$1.5 billion in damages a UK court awarded to investors last year, lawyers argue.

FOREIGN POLICY & DIPLOMACY

Diana Mondino heads to China, Europe on investment quest

23-04-2024 20:52 Argentina’s foreign minister will set off on Sunday for a 10-day tour of China, France, Belgium and Portugal, accompanied by a “large business delegation.”

US COURT RULING

Argentina defeats hedge fund suits over GDP-linked securities

01-04-2024 15:46 Argentina victorious as judge rejects claim by Aurelius Capital Management and other hedge funds seeking payment on securities tied to economic performance.

COURT RULING

Argentina ordered to pay deposit in UK hedge funds case

22-02-2024 11:24 Argentina must pay a large deposit in a case brought by four hedge funds seeking US$1.5 billion in compensation for losses in the nation’s growth-linked securities.

YPF COURT CASE

YPF case: Argentina pleads with US judge over presenting of collateral

08-01-2024 17:06 Argentina requests relief From Burford’s Capital's intent to seize assets over 2012 YPF nationalisation case.

MARKETS

Argentina ETF sees biggest outflow since 2021 ahead of election

19-10-2023 13:36 An exchange-traded fund that tracks Argentine stocks saw its biggest outflow in more than two years ahead of this weekend’s presidential vote.

DEFAULT SECURITIES

US congressional complaint revives criticism of Argentina default litigation

15-09-2023 19:06 US congresswoman alleged corruption in historic Argentina 'vulture funds' ruling; Ocasio-Cortez spoke at a hearing on third-party litigation and alleged that Supreme Court Justice Samuel Alito is friends with Paul Singer, who led the 2001 debt litigation against nation.

IMF DEBT PROGRAMME

Massa packs bags for Washington and IMF meeting

16-08-2023 13:59 Just days after being defeated by Javier Milei at the ballot box, Sergio Massa schedules visit to Washington for talks with International Monetary Fund designed to shore up Argentina's economy.

economy

Brazilian hedge fund Vista makes small Argentina bet ahead of election

13-07-2023 18:44 One of Brazil’s best-performing hedge funds is building a position in Argentina ahead of a presidential election that could result in a regime change.

POLITICS & ECONOMY – ANALYSIS

Griesa’s ghost and the return of the ‘vulture funds’

08-04-2023 06:25 The YPF court ruling ultimately represents a failure to face and resolve the structural challenges of the beleaguered sovereign and its never-ending attempts to escape a chronic cycle of ineptitude.

by Agustino Fontevecchia

COURT RULING

Argentina loses US$1.5-billion UK case over GDP-linked bonds

05-04-2023 10:47 Argentina must compensate investors for losses in the country’s growth-linked securities after the nation changed the method of calculating gross domestic product, a London court ruled.

POLITICS & JUDICIARY

Government summons Congress to debate Supreme Court impeachment

13-01-2023 18:06 President Alberto Fernández’s government calls extraordinary sessions of Congress, starting January 23; Among bills are one that would impeach members of the Supreme Court for "poor performance."

REVENUE-SHARING ROW

Alberto Fernández now says he’ll comply with top court order

26-12-2022 14:00 Days after saying he would not comply with a Supreme Court order that called for it to return federal funds to the Buenos Aires City government, President Alberto Fernández says will he honour the decision.