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Search resuls for: "Belen Liotti"


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☆ Argentine artist paints on inflation-hit bank notes
  + stars: | 2023-01-03 | by ( ) www.reuters.com   time to read: +1 min
[1/5] Artist Sergio Diaz holds intervened Argentine pesos bills and a US dollar depicting Steven Spielberg's movie "Shark" as a parody of Argentina's ever-increasing inflation, in Salta, Argentina, December 30, 2022. "Nowadays it makes sense for me to paint on the largest denominated bill here in Argentina. Once I paint on it, I can sell it for much more than what the bill is worth," Diaz told Reuters in an interview in the northern city of Salta. He says he weaves the themes of inflation and the peso's depreciation into his works, which also feature the U.S. one-dollar bill. ($1 = 178.1 Argentine pesos)Reporting by Javier Corbalan; Writing by Belen Liotti; Editing by Anthony Esposito and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.
☆ In hangover of World Cup fiesta, Argentina's economic reality bites
  + stars: | 2022-12-21 | by ( Rodrigo Campos Belen Liotti | Rodrigo Campos | Belen Liotti | ) www.reuters.com   time to read: +5 min
"The World Cup is an immense joy that revives us after suffering economic crisis for so long," Victorica said. "But soon we will have to fall back into reality and face the situations that weigh us down every day." "The World Cup gives us hope and the desire to believe," said Osvaldo Hassan, a 62-year-old merchant in Buenos Aires. World Cup wins can give a small boost to a country's economy in the months following, an academic paper from Britain's University of Surrey found, helping raise exports. Reporting by Rodrigo Campos in New York and Belen Liotti in Buenos Aires; Writing by Adam Jourdan; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ 'We love this team': Argentina street party erupts after World Cup win
  + stars: | 2022-12-18 | by ( Nicolás Misculin | ) www.reuters.com   time to read: +4 min
Bearing flags, hats and the country's iconic blue-and-white jerseys, Argentines took over Buenos Aires' downtown and other iconic spots within minutes after the win. "It was an incredible game, at times anguishing," said 46-year-old Diego Aburgeily, who cheered on the national side from the suburbs of Buenos Aires. The South American team, which lost the final of the tournament against Germany in 2014, had not won a World Cup since 1986. [1/5] Soccer Football - FIFA World Cup Final Qatar 2022 - Fans in Buenos Aires watch Argentina v France - Buenos Aires, Argentina - December 18, 2022 Argentina fans celebrate winning the World Cup REUTERS/Agustin Marcarian 1 2 3 4 5The final penalty kick from Argentina's Gonzalo Montiel caused the ball to sail neatly into the net. The final win cements Messi's status as a legend among Argentines, with Sunday's match expected to be his last appearance in a World Cup for his country.
☆ Argentina court hands VP Cristina Kirchner 6-year jail term in graft case
  + stars: | 2022-12-06 | by ( Nicolás Misculin | ) www.reuters.com   time to read: +3 min
The powerful vice president will not face immediate prison time and is also expected to appeal the sentence, with the case likely to spend years winding through higher courts. Fernandez de Kirchner served as president for two terms between 2007 and 2015 and commands rock-star crowds of supporters. She faced charges of alleged corruption in the awarding of public works during her presidency. Defenders of the vice president maintain she was a victim of judicial persecution. Lawyers said that Fernandez de Kirchner would not go to jail any time soon because she has immunity while serving as vice president.
☆ Argentina reaches deal with Paris Club on $2 billion debt
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +1 min
BUENOS AIRES, Oct 28 (Reuters) - Argentina reached a deal for the payment of some $2 billion it owes the Paris Club of creditors, Argentina's Economy Minister Sergio Massa said on Friday. "Today, Argentina successfully completed an agreement with the Paris Club to normalize relations between our country, our companies, and our workers with the countries of the European bloc," the minister said. The Paris Club, which counts the United States, Japan and Germany among its members, last year gave Argentina more time to repay the debt, allowing Buenos Aires to negotiate a revamp of its program with the International Monetary Fund. Argentina sealed an agreement with the IMF earlier this year for a nearly $45 billion program to refinance a failed loan from 2018. Calls to the Paris Club were unanswered outside regular office hours.
☆ Argentina strikes $2 bln Paris Club debt deal
  + stars: | 2022-10-28 | by ( Nicolás Misculin Jorgelina Do Rosario | Nicolás Misculin | Jorgelina Do Rosario | ) www.reuters.com   time to read: +2 min
BUENOS AIRES/LONDON, Oct 28 (Reuters) - Argentina reached a deal to restructure some $1.97 billion it owes the Paris Club, Argentina's government and the creditor group said on Friday, which will push repayments back as far as 2028 and bring relief of some $248 million to the country. "Today, Argentina successfully completed an agreement with the Paris Club to normalize relations between our country, our companies, and our workers with the countries of the European bloc," Argentine Economy Minister Sergio Massa said. The deal would see the current 9% interest rate on the debt cut to a weighted average of 4.5%, according to a document shared with Reuters by officials. read moreThe Paris Club, whose members include the United States, Japan and Germany, last year gave Argentina more time to repay the debt while it carried out an ultimately successful negotiation with the IMF over a new $44 billion program. The Paris Club said in a statement the two sides had revamped the debt deal to clear remaining payments over a six-year period between December 2022 and September 2028.
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