Wednesday, 16 October 2019

Tag Archives: Argentina

Fitch, Standard & Poor downgrade Argentina debt as default risk grows

BUENOS AIRES: Ratings agencies Fitch and Standard & Poor’s downgraded Argentina’s sovereign debt rating, flagging higher chances of a default in the wake of a shock primary election result that plunged the country into its latest economic crisis. Argentine markets were in free-fall for most of the week after Sunday’s ...

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PM Theresa May in landmark visit to Argentina

LONDON: Adding to her EU divorce dramas, Prime Minister Theresa May is on a landmark visit to Argentina for the G20 summit where her hosts are using Brexit to advance their claim on Britain’s Falkland Islands. May arrived late Thursday on the first visit by a British premier to the ...

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Argentine central bank says sells $261mn in forex market

BUENOS AIRES: Argentina’s central bank sold $261 million in reserves on Tuesday, the monetary authority said in a statement announcing its latest intervention in the foreign exchange market aimed at easing the fall of the local currency. The peso fell 0.58 percent on Tuesday to 39.80 per dollar. The central ...

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IMF officials in Argentina for crisis loan talks

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

WASHINGTON: Officials from the International Monetary Fund are in Argentina as part of talks to strengthen and accelerate a crisis loan package, the global lender said Wednesday. The IMF and Buenos Aires agreed in June on a three-year, $50 billion rescue lending program but Argentina has since asked for a ...

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Messi left out of Argentina squad for friendlies

BUENOS AIRES: Barcelona star Lionel Messi was left out of the first post-World Cup Argentina squad announced ahead of four upcoming friendlies. The move was widely expected following media reports earlier in the week claiming the five-time Ballon d’Or winner had asked to be excused from the country’s four remaining ...

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Argentina Senate votes against legalizing abortion

BUENOS AIRES: Argentina’s senators voted against legalizing abortion in the homeland of Pope Francis, dashing the hopes of women’s rights groups after the bill was approved by the legislature’s lower house months earlier. The vote, with 38 against, 31 in favor and two abstentions, capped a marathon session that began ...

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Pakistan outclass Argentina, register first Champions Trophy victory

NETHERLANDS: Team Pakistan outclassed second-ranked in world hockey Argentina by 4-1 in the Champions Trophy on Thursday.  The Pakistan hockey team earned their first victory in the ongoing Champions Trophy after three consecutive defeats, thrashing Olympic champions Argentina 4-1 in Breda, Holland on Thursday. The three points gained through this ...

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Rojo and Messi rescue Argentina from humiliating early exit

SAINT PETERSBURG: Diego Maradona crossed his arms over his chest and pointed to the sky. Lionel Messi had needed just three touches to score but Argentina still took 86 minutes to defeat Nigeria. Marcos was the unlikely match-winner, an emphatic finish of which even his captain would have been proud, to ...

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FIFA World Cup group qualifying scenarios for knockout rounds

MOSCOW: With the second round of World Cup group games completed on Sunday, qualification for the knockout rounds is now clearer. The top two teams in each group go into the last 16. In the case of teams finishing level on points, FIFA has put in place seven tie-breakers starting ...

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Argentina gets first $15 bn from IMF

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

ARGENTINA received $15 billion, the first tranche of a $50 billion loan from the International Monetary Fund (IMF) to help stabilise its fragile economy, the South American nation’s central bank said. Following a currency crisis in April and May, the IMF announced the $50 billion standby loan in early June ...

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