BUENOS AIRES/NEW YORK (Reuters) - Buenos Aires estate agent Esperanza Abondano is feeling the pinch of Argentina’s debt crisis as the country inches toward a potential ninth default with a hard deadline for bond payments on Friday and a restructuring deal with creditors still elusive. The recent history of the South American nation, famed for its Pampas grasslands of soy and cattle and once among the world’s wealthiest countries, is littered with defaults. A major one in 2001 sparked over a...

BUENOS AIRES (Reuters) - Argentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an “important distance” left to cover, Economy Minister Martin Guzman told Reuters. The negotiations, which are at a pivotal stage, are key to Argentina averting a hard default that would risk locking the grains producer out of international capital markets as its already fragile economy suffers from the coronavirus...

Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities. Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production. An increasing number of ships are running aground and higher costs are pressuring margins at the giant soy crushing plants that make Argentina the world's top...

BUENOS AIRES/NEW YORK (Reuters) - Argentina received the IMF’s backing as it hit crunch time in debt restructuring talks on Monday, ahead of a deadline that may be postponed as investors try to squeeze more money out of an economy that was shrinking even before the coronavirus pandemic. The government has set a Tuesday deadline for a deal to revamp about $65 billion in bonds rendered unsustainable by a long recession and currency plunge after a 2016-2017 borrowing binge by the previous...

BUENOS AIRES (Reuters) - A group of 138 economists from 20 countries, including Nobel laureates Joseph Stiglitz and Edmund S. Phelps, urged Argentina’s bondholders on Wednesday to take a “constructive approach” to the government’s debt restructuring proposal. “The onus is on private creditors to act,” said the open letter signed by Nobel Prize winners Stiglitz and Phelps along with other well-known experts, including Jeffrey Sachs, Carmen Reinhart and Thomas Piketty. The economists argue in...