Posted in Argentina South America

Argentine bonds sink to ‘default levels’ as political risk rises

BUENOS AIRES, Nov 24 (Reuters) – Argentine bonds are plumbing back into default territory as political risk has risen and while talks have dragged with the International Monetary Fund to revamp some $45 billion in debts the grains producing country cannot pay. The South American nation, hit in recent years by economic and currency crises, restructured its foreign debt with private creditors late last year, which saw bond prices rise…
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Posted in Argentina South America

Argentina Tightens Exchange Controls to Curb Outflows of Dollars

Argentina’s central bank published two new measures Thursday intended to curb access to hard currency amid expectations for a devaluation.  The central bank published one rule change affecting banks and another affecting consumers, as it tries to preserve its store of dollars to help defend the value of the peso. …
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Posted in Argentina South America

EXCLUSIVE Argentina to agree economic plan with IMF then present it to Congress -source

BUENOS AIRES, Nov 19 (Reuters) – Argentina plans to agree a new long-term economic plan with International Monetary Fund staff before submitting it to Congress, a government source said, as talks continued to secure a deal to roll over $45 billion owed to the IMF. With Argentines suffering from high inflation that is hitting their spending power, the ruling coalition was badly defeated in a recent mid-term election. The country…
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Posted in Argentina South America

Argentina youth player shot, killed by police

Nov 19, 2021 Adriana Garcia Argentinian football is in mourning after the death of Barracas Central youth player Lucas Gonzalez following a city police shooting. Gonzalez, 17, was shot in the Buenos Aires district of Barracas by police on Wednesday while he was in the car with three other colleagues returning home from training. “With infinite sadness we say goodbye today to Lucas,” Argentinian second division club Barracas Central tweeted.…
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Posted in Argentina South America

Argentina’s far right and far left make big gains in congressional elections

Argentina’s far right and far left make big gains in congressional elections Ruling Peronist party lost majority as Javier Milei turned notoriety into votes and a Trotskyist party got third largest vote share Javier Milei of the Liberty Advances party addresses supporters in Buenos Aires on Sunday. ‘Free souls: thank you for you roar,’ he said. Photograph: Anadolu Agency/Getty Images Javier Milei of the Liberty Advances party addresses supporters in…
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Posted in Argentina South America

Argentina’s Peronists on the ropes after bruising midterm defeat

Ruling Peronist party in fight to avoid big losses Third of Senate seats, half in lower chamber at stake Voters angry at high inflation running above 50% BUENOS AIRES, Nov 14 (Reuters) – Argentina’s ruling Peronist party was reeling on Sunday after a midterm vote that saw its center-left coalition lose its majority in Congress for the first time in almost 40 years and taste defeat in its stronghold province…
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Posted in Argentina South America

La Temporada: F1’s Preseason Races in Argentina

Fangio racing in the 1951 French Grand PrixPhoto: Intercontinentale/AFP (Getty Images) There was once a time when the stars of Formula One would escape winters in Europe by racing in South America outside of any championship and any regulations. As the temperatures start to drop here in the Northern Hemisphere, it’s easy to think about chasing the sun to the Southern Hemisphere and watching some of the world’s best drivers…
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Posted in Argentina South America

Uruguay left to rue missed chances, Argentina edge closer to World Cup

10:51 PM ET A run of good results builds up the confidence that enables teams to play their way through difficulties. A sequence of bad results piles pressure on a side and leads to a sense of desperation. And this helps explain why Argentina came away from Uruguay on Friday night with a 1-0 win. Unbeaten in almost two and half years, Argentina are on the verge of following Brazil…
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Argentina’s hinterland, where cows outnumber people, could tip balance in Congress

SANTA ROSA, Argentina, Nov 11 (Reuters) – Argentina’s central province of La Pampa, a vast area of grasslands home to ten times more cows than residents, usually flies under the radar of big political parties vying for votes. The region’s windy plains dotted with cattle have, however, now become a key battleground in midterm elections taking place Sunday. La Pampa is a swing province that could tip the balance of…
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Posted in Argentina South America

Opinion | Argentina’s Welfare State Warning to America

Voters in U.S. state and local elections last week told Democrats to end the overreach of government into their lives. But if the progressive wing of the party has anything to say about it, the Democrats’ expansionist agenda isn’t likely to change. Socialist ideologues know that the welfare state is addictive. New entitlements create dependencies that, once born, demand to be fed and to grow no matter the party in…
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