MercoPress, en Español

Montevideo, July 23rd 2018 - 10:07 UTC

Argentina

  • Thursday, June 21st 2018 - 06:55 UTC

    A good one for Macri: MSCI decides to reclassify Argentina as an emerging market

    For Argentina it is some rare positive news for its economy, as market-friendly Macri seeks to normalize the country’s international financial standing

    Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets. The decisions will be effective beginning in mid-2019.

  • Wednesday, June 20th 2018 - 08:31 UTC

    Global Index decides on Wednesday if it includes Argentina and Saudi Arabia

    MSCI will announce the results of its Annual Market Classification Review on June 20 around 2030GMT.

    Global index compiler MSCI is considering including Argentina and Saudi Arabia in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in future.

  • Wednesday, June 20th 2018 - 06:54 UTC

    Argentine central bank contains run on the Peso, and major dumping of bonds

    The peso's relatively small losses followed a day of sharp gains on Monday as new central bank Governor Luis Caputo hiked banks' reserve requirements

    Argentine bonds touched their lowest levels of market-friendly President Mauricio Macri's term on Tuesday, but rebounded in a volatile trading session. Meanwhile the country risk (a measure of the difference between its bond yields and those issued by other countries) rose as much as 27 points to a 33-month peak.

  • Tuesday, June 19th 2018 - 09:04 UTC

    Maradona comes out in support of Messi and his missed penalty

    I feel responsible for not having been able to take the three points, admitted a distressed Messi.

    Argentina’s Diego Maradona has come out to defend Lionel Messi after the Barcelona attacker missed a penalty in his team’s draw against Iceland on Saturday. Speaking to Telesur, the 1986 World Champion said: ”I missed five penalties in a row and I was still Diego Armando Maradona.

  • Tuesday, June 19th 2018 - 08:35 UTC

    Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

    Argentina's benchmark stock index tumbled on Monday by more than 8% in it its biggest one-day percentage loss since December 2014.

    Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.

  • Monday, June 18th 2018 - 11:14 UTC

    Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

     Nin Novoa fears negotiations with EU could temporarily “breakdown”, although he anticipated he was committed to avoid such a situation.

    Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.

  • Monday, June 18th 2018 - 07:14 UTC

    Argentina's new minister suggests a US dollar between 28/29 Pesos as 'comfortable' for industry

    “The dollar at between 28 and 29 pesos is comfortable for the industrial sector. It will give us predictability,” Sica told Buenos Aires radio station La Once Diez.

    Argentina’s newly named Production Minister Dante Sica told a radio station on Sunday that an exchange rate of between 28 and 29 Pesos per dollar is “comfortable” for industry.Sica, an economist, was appointed on Saturday to replace Francisco Cabrera as part of a shake-up that also led to the appointment of a new central bank president and energy minister.

  • Friday, June 15th 2018 - 06:56 UTC

    Forex run in Argentina: Macri appoints new Central bank president

    The appointment of Finance minister Luis Caputo to head the central bank follows several weeks of currency volatility that led Argentina to seek IMF support

    Argentine president Mauricio Macri appointed Finance Minister Luis Caputo as president of the central bank on Thursday, after the outgoing head of the bank resigned and acknowledged having lost credibility.

  • Thursday, June 14th 2018 - 22:14 UTC

    IMF's Lagarde welcomes Argentina government’s economic policy plans

    Christine Lagarde with president Mauricio Macri during her recent visit to Argentina

    Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.

  • Thursday, June 14th 2018 - 22:11 UTC

    Argentine president Macri was detected a benign pancreatic cyst: “a treatment is not necessary”

    “An abdominal ultrasound scan showed the existence of a pre-existent pancreatic cyst”, according to a medical checkup of president Macri

    Argentine president Mauricio Macri was detected a benign cyst in the pancreas, according to an official release from the Executive Office. The condition was discovered during a routine medical checkup last 23 May and following clinical studies including a magnetic resonance, the diagnosis was confirmed but a treatment is not necessary, although he will continue under medical monitoring.