Blue Dollar

Ticket to ride: Vaccine passports divide world

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The idea of vaccine passports, which would allow people who have been inoculated the freedom to travel, is gaining traction. While some countries trumpet them as a way out for the hard-hit tourism and airline industries, others are more sceptical with only a tiny percentage of the world’s population vaccinated.  As European Union leaders debate … Read more

Government considers using new IMF reserves for loan payment

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Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge, a move that would allow more time to overhaul an outstanding US$ 45-billion loan. The new IMF reserve assets, called special drawing rights, or … Read more

MercadoLibre to invest record US$1.8 billion in Brazil

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Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined. The firm plans to pour a record 10 billion reais (US$ 1.8 billion) into Brazil in 2021, up from four billion reais last year, to … Read more

Formosa: IACHR, UN, opposition concerned by police response to protests

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The United Nations, The Inter-American Commission on Human Rights (IACHR) and members of the opposition expressed concerns over events in Formosa on Friday, after provincial police officers were accused of “repressing” protesters and using excessive force. Clashes between police officers and protesters gripped Formosa on Friday, as demonstrators took to the streets to oppose the … Read more

As IMF talks bog down, Argentine bonds plunge toward 30 cents

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Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar. The depressed price is, in fairness, partly the result of the basic mechanics of the securities – they carry artificially low interest rates and a generous grace period – but it also reflects a grim reality that’s setting … Read more

Bolsonaro in Buenos Aires: Brazil leader says yes to Mercosur summit

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Brazil President Jair Bolsonaro confirmed Thursday that he will travel to Buenos Aires on March 26 to attend the Mercosur summit. It will be the first face-to-face meeting between Bolsonaro and Argentina’s President Alberto Fernández, with ties between the two leaders severely strained.  The Brazilian leader is a fierce critic of Peronism in general and … Read more

What we learned this week: February 27 to March 6

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THE WEEK IN CORONAVIRUS There were 2,141,854 confirmed cases of coronavirus and 52,784 deaths at press time yesterday, as against 2,098,728 cases and 51,887 deaths the previous Friday. Last weekend there were protests against the “VIP vaccine” scandal which were not as massively attended as expected by the organisers, despite widespread public indignation, especially over … Read more

Fernández conditions IMF talks with lines from Instituto Patria

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In his message to the Legislative Assembly last Monday, President Alberto Fernández opted for a tough tone and content against the International Monetary Fund, whom he held co-responsible for the colossal debt run up by the Maurico Macri presidency. The move kicks the chair out from under Economy Minister Martín Guzmán and the diplomatic strategy … Read more

Central Bank extends rules for companies to restructure dollar debt

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Argentina has extended the deadline for companies to restructure debt in dollars due until December 31, according to an online statement from the Central Bank. The Central Bank of the Argentine Republic, known as BCRA, said Thursday that it will extend its deadline for companies to swap their dollar-denominated debt until December 31, according to a … Read more