The resignation of Luis Caputo to the Presidency of the Central Bank of Argentina (BCRA), which has been reflected with surprise by the international media, occurs amid the trip of the Argentine President, Mauricio Macri, to New York to attend the Assembly General of the UN and with the mission of restoring the confidence of the international market in the Argentine economy. His predecessor, Guido Sandleris, receives a Central Bank when it is about to close an agreement with the International Monetary Fund (IMF).
The governor of Argentina's central bank, Luis Caputo resigned on Tuesday for personal reasons, the bank said in a statement, a surprise announcement in the midst of the country's talks with the IMF that sent the peso tumbling. Former finance minister Caputo has only held the role since June and is the second Argentine central bank president to resign this year. Argentina's peso currency slid 4.65% to open at 39.15 per U.S. dollar after the announcement, traders said.
Argentina plans to launch a delayed offshore licensing round in October as it seeks to explore a large frontier region in the South Atlantic for potential oil and natural gas production growth in the future. This was announced to oil executives in Houston by Argentina's energy secretary Javier Iguacel.
Emerging from the ice for a brief growing season every Antarctic summer, the lush green mosses of East Antarctica are finally succumbing to climate change. That is according to a study of the small, ancient and hardy plants - carried out over more than a decade.
Brent crude breached US$ 81 a barrel on Monday — its highest level in nearly four years — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. Global benchmark Brent crude rose as high as US$ 81.39 a barrel, its strongest level since Nov. 21, 2014.
Fernando Haddad, the presidential candidate for Brazil’s Workers Party (PT), is closing the gap with poll-leading far-right candidate Jair Bolsonaro for the October 7 first-round vote and would beat him in a runoff, a survey released on Monday showed.
President Mauricio Macri said on Monday that Argentina was close to a deal with the International Monetary Fund to bolster a US$ 50 billion credit line, while a government source said US$ 3-US$ 5 billion in additional funds could be announced this week.
Argentine president Mauricio Macri said on Tuesday in New York addressing a meeting with potential investors that he was prepared to run for reelection next year, and that there will be no change of course, there is no plan B.
Brazil’s far-right presidential candidate Jair Bolsonaro built much of his reputation on shocking, sexist rhetoric. But that’s backfiring with the majority of the electorate: women. The former Army captain’s rejection rate has risen to 50% among female voters, even as he lies on a hospital bed after being stabbed by a fanatic.
Argentine president Mauricio Macri is in New York where he is scheduled to address the United Nations General Assembly on Tuesday, but will also be holding a round of talks with business leaders and potential investors, plus granting interviews to key media outlets.