Argentina’s overseas bonds plummeted more than 20% since September

Investors are giving up on Argentina just weeks after it pulled off a $65 billion restructuring. The country’s overseas bonds have plummeted more than 20% since early September, the world’s biggest drop in that span. Morgan Stanley calls it the worst rout in the aftermath of a restructuring in at least 20 years, and it comes despite the nation winning a whopping $38 billion of debt relief from creditors.

Argentina eyes boost in gas production through $5bn investment

Argentina’s President Alberto Fernández has launched a three-year promotion plan for Argentine gas production. The plan is aimed at encouraging investments, boosting domestic production from the Vaca Muerta shale play to satisfy local demand, replace imports and support employment. The government hopes an investment of $5 billion to replace 18 billion cubic meters (Bcm) of imported gas with domestic production.

Danone announces strategic review of activities in Argentina

Danone, whose turnover dropped 9.3 percent in the third quarter of the year, has announced a review of its strategy in Argentina. Company CEO Cecile Cabanis said that in order to align with the profitable growth agenda of between three percent and five percent, the group announced the launch of a complete strategic review, beginning with an immediate review of its strategic options in Argentina and for the Vega brand [in the United States], whose combined sales represent around 500 million euros ($585 million).