In October the economic activity grew 1.2% concerning September, placing it at the highest level since the April floor. Even so, in the year-on-year comparison, activity fell by 4.1% with a cumulative 9.4% in the first ten months of 2020.
Day: December 1, 2020
Argentina to pay $94.5 million to Bainbridge Capital investment fund on defaulted bonds
Argentina agreed to pay $95.4 million to the Bainbridge Capital investment fund, for defaulted bonds not swapped in 2005 and 2010. The face value of these debt securities was $34 million. The agreement will now have to be endorsed by the New York court.
Austral is absorbed by Aerolíneas Argentinas, allowing annual savings of $100 mn
After 49 years of existence, yesterday a plane with the red and blue colours that identified Austral flew for the last time in the Argentine skies. As of today, the company absorbed by Aerolíneas Argentinas. Its fleet of 26 Embraer brand aircraft will start being repainted in blue and white to join the fleet of the flag carrier. According to the calculations presented last May, the global saving level that will allow the merger will be around $100 million per year.
Chicago: a sharp drop in soybeans to $429.4/ton
The soybean contracts closed yesterday with losses in the Chicago market of around 8 dollars. In this way, the price of the oilseed located at $429.4 per ton. Locally, $340 per ton was paid for the available merchandise, showing a slight decline from last Friday's session. Source: Ámbito
The government extended the concession to AA 2000 until 2038, in exchange for investments of $857 mn
The Government extended Aeropuertos Argentina 2000's concession for ten more years, so the contract, which was due to expire in 2028, will be maintained for another decade in exchange for investments to be made in the air stations. The company will invest 857 million dollars in the next seven years. The company's direct investment reaches $606.5 million. Also, there are about $250 million more that are from trusts with money from the company. The rest, up to a total of $1.4 billion, are from system trusts.
