Buenos Aires Province News
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Chinese soybean imports may be smaller than previously estimated because of insufficient shipments from South America, Oil World said.
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Two days of heavy rains in Buenos Aires city and in La Plata, capital of Buenos Aires province, have left at least 52 dead and required the evacuation of thousands of residents.
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Argentina’s Buenos Aires province needs 1.8 billion pesos ($400 million) to pay provincial government employees their mid-year bonuses, newspaper Cronista Comercial reported, without saying how it obtained the information.
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Argentina’s Buenos Aires province will send a bill to Congress to allow the local government to sell part of its holdings of inflation-linked peso bonds, known as Bogars, as it seeks to pay employees their midyear bonuses, Governor Daniel Scioli said.
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Vale SA, the third most valuable miner, mothballed a $5.9 billion potash venture in Argentina as the Brazilian company drops projects and writes down assets.
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Buenos Aires province may announce a sale of $750 million in debt as early as Sept. 24, newspaper Ambito Financiero reported, without saying where it obtained the information.
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Argentina’s Buenos Aires province may sell dollar-denominated bonds for the second time this year after issuing a $550 million five-year bond earlier this week, Ambito Financiero reported .
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Buenos Aires province is paying more to borrow in the bond market than Argentina’s capital city. And the municipality is making sure Argentines know it.
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YPF SA is seeking to sell as much as $600 million of bonds this month at 6 percent, the lowest rate for an Argentine company this year and about half the yield on the country’s provincial debt.
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Argentine lawyer Julio Cesar Duran wanted to exchange a pocketful of pesos for $10 to give as a gift to his two grandsons. With the government clamping down on dollar purchases, the tax agency rejected his request.
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