Argentina

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Argentina’s Debt Bonanza Buys Time, Raises Risks

Less than a year ago, Argentina was on the brink of a balance of payments crisis after 12 years of populist rule. But dollars have flooded into the economy since the business-friendly government of Mauricio Macri took over last December, with central ban ...

Daily Headline - global.abi.org - 10/26/2016 - 21:14 - 0 comments

Argentines Say Mauricio Macri’s Policies Aren’t the Solutions They Promised to Be

Argentina’s shrinking economy and high unemployment are triggering ever-louder grumbling from its citizens, posing problems for President Mauricio Macri in a country where economic discontent has undone previous leaders, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 09/25/2016 - 17:44 - 0 comments

A $67,000 Home Robbery Exposes $500 Billion Problem in Argentina

The case of $67,000 stolen from Argentine Vice President Gabriela Michetti’s house should have ended when her bodyguard was arrested, Bloomberg News reported. Instead, prosecutors have shifted to tracing the money’s origin, making her a public example of ...

Daily Headline - global.abi.org - 08/25/2016 - 22:56 - 0 comments

Macri Eyes $400 Billion Foreign Cash Stash

For Mauricio Macri, there may be a silver lining to the Panama Papers scandal that has dogged Argentina’s new president since he was accused of ties with offshore shell companies earlier this year, the Financial Times reported. Mr Macri is hoping tha ...

Daily Headline - global.abi.org - 06/05/2016 - 21:16 - 0 comments

Pescanova Argentina Subsidiary Readies For Insolvency Proceedings

Argenova, the Argentinian subsidiary of troubled multinational Pescanova, is working with a legal team to prepare for filing for insolvency as soon as possible, reported Faro de Vigo. However, with all executive functions taken away from president and ch ...

Daily Headline - global.abi.org - 05/31/2016 - 19:26 - 0 comments

Argentina’s Congress Passes ‘Anti-Layoffs’ Bill

Argentina’s opposition-dominated Congress on Thursday approved legislation that would double the cost of laying off private and public employees over the next six months, handing President Mauricio Macri his first legislative setback since taking office, ...

Daily Headline - global.abi.org - 05/20/2016 - 08:39 - 0 comments

Argentina Could Issue $30 Billion Debt This Year

Argentina could issue $30bn in debt this year, as other issuers seek to mimic the government's success in returning to international capital markets with a blockbuster bond sale last month. First out of the gates will be Argentina’s provincial gover ...

Daily Headline - global.abi.org - 05/01/2016 - 20:02 - 0 comments

Macri Enlists Business As Austerity Bites

After summoning 100 representatives of Argentina’s business elite to the presidential residence this week, Mauricio Macri praised the few that had recently announced investments. The rest, he implied, were not doing their bit for the country, the Finan ...

Daily Headline - global.abi.org - 04/24/2016 - 16:21 - 0 comments

Insolvency & Restructuring News No. 1

A ´new´ consolidated and integrated Argentine Civil and Commercial Code has been enacted on October 7, 2014 and came into effect on August 1, 2015 (the “New CCC”), which replaced both the Civil Code (originally enacted on September 29, 1869) (the “Civil ...

Resource Article - twallace@abiwor... - 04/19/2016 - 12:47 - 0 comments - 0 attachments

Argentina Returns To International Bond Market

Argentina returned to the international bond markets for the first time in 15 years on Monday as it winds down a long-running battle with investors following its 2001 default, the Irish Times reported. Argentina announced a $10 billion-$15 billion bo ...

Daily Headline - global.abi.org - 04/18/2016 - 19:51 - 0 comments

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