BUENOS AIRES, July 22 ― Argentina and its creditors are likely to find a way to seal a US$65 billion (RM277 bilion) debt restructuring deal, analysts said, despite a standoff after bondholders joined forces to reject a government proposal and put forward one of their own. Three major creditor...
Argentine over-the-counter bonds rose 0.6 per cent on average yesterday after having edged down on Monday. — Reuters pic
The new proposal closed the gap between two sides' proposals to within around 3 cents on the dollar in terms of valuation, which most said should be bridged in last-ditch talks. The two sides are currently working toward an August 4 deal deadline. Argentine over-the-counter bonds rose 0.6 per cent on average yesterday after having edged down on Monday.Argentina's President Alberto Fernandez and Economy Minister Martin Guzman, who has led the negotiations, have maintained that the government offer was the maximum effort the recession-hit country could make after slipping into default in May.
“When we came into government in December, it's like Argentina was in intensive care and with an automatic respirator. And then the pandemic came and the respirator was gone. So now we face the situation that we face,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India, US closing in on trade deal, says commerce minister | Malay MailNEW DELHI, July 21 — India and the United States are closing in on a trade deal, Indian Commerce Minister Piyush Goyal said today, after two years of negotiations. India is seeking concessions for generic drugs it exports to the United States in return for opening its dairy markets and slashing...
Read more »
Pompeo to meet UK PM in heat of China standoff | Malay MailLONDON, July 21 — US Secretary of State Mike Pompeo will meet British Prime Minister Boris Johnson today following London's diplomatically fraught severing of ties with China's Huawei and retaliation for Beijing's treatment of Hong Kong. The top US diplomat's last visit to London in January came...
Read more »
Hundreds protest in Russian Far East despite Putin naming new governor | Malay MailMOSCOW, July 21 — Hundreds of residents of the far eastern Russian city of Khabarovsk protested today against President Vladimir Putin’s handling of a regional political crisis that has sparked rare and sustained anti-Kremlin street protests. In an apparent move to defuse tensions, Putin on...
Read more »
Brazil Bolsonaro's low approval rating improves despite rising Covid-19 cases | Malay MailBRASILIA, July 21 — Brazil President Jair Bolsonaro's low approval ratings rose for a third consecutive month, a poll showed yesterday, as the perception of his handling of the coronavirus crisis and the economy's direction continued to improve gradually. The latest monthly XP/Ipespe poll...
Read more »
Mexico eager to lure firms from Asia under new trade deal | Malay MailMEXICO CITY, July 21 ― Mexico has spoken to a host of foreign companies, particularly steelmakers, in an effort to lure business from Asia to capitalise on a new North American trade deal, Economy Minister Graciela Marquez said yesterday. The US-Mexico-Canada trade agreement (USMCA) took effect...
Read more »
EU reaches ‘historic’ deal on pandemic recovery after marathon summit | Malay MailBRUSSELS, July 21 — European Union leaders clinched an “historic” deal on a massive stimulus plan for their coronavirus-throttled economies in the early hours of today, after a fractious summit that lasted almost five days. The agreement paves the way for the European Commission, the EU’s...
Read more »