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MercoPress, en Español

Montevideo, April 20th 2024 - 05:06 UTC

Tag: currency swap

  • Monday, December 3rd 2018 - 07:48 UTC

    President Xi on official visit to Argentina signs 30 agriculture and investment deals

    “China's development benefits Argentina, our region and the world,” Macri said during a ceremony at the presidential residence

    China's president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires.

  • Saturday, October 3rd 2015 - 08:47 UTC

    Argentina will pay $5.9bn mature Boden 15 bonds on Monday, and issue new debt

    Argentina targets raising $500 million in the auction of notes under Argentine law. The new Bonar 20 will carry an 8% coupon, minister Kicillof announced

    Argentina on Monday will pay the $5.9 billion maturity due for its Boden 15 bonds in cash and issue new debt the following day, Economy Minister Axel Kicillof said on Friday. Argentina which is in technical default on some debt because of a legal fight with bondholders in the United States, targets raising $500 million in the auction of notes under Argentine law, Kicillof told a news conference.

  • Wednesday, April 29th 2015 - 09:22 UTC

    Argentine central bank increases reserves to highest level since November 2013

    “Today the Central Bank purchased a record figure in the exchange market. International reserves keep going up” said central bank chairman Vanoli

    Argentina's central bank bought 630 million of dollars on the local currency market on Tuesday in one of its largest-ever purchases, a move that will bolster the country's precariously low hard currency reserves. Some 500 million of the dollars purchased were proceeds from last week's 1.5 billion auction of bonds by state energy company YPF.

  • Monday, January 19th 2015 - 07:36 UTC

    Argentine central bank confirms policy restricting access to foreign currency

    Vanoli admitted it could be possible to eliminate restrictions in the short term but the aim is to find mechanisms to manage capital that are not so pro-cyclical”

    Argentina will not end its controls restricting access to foreign currency in the near term, Central Bank President Alejandro Vanoli was quoted as saying in an interview published on Sunday in the government supported newspaper Pagina 12.

  • Sunday, October 13th 2013 - 12:09 UTC

    China becomes world’ biggest net importer of oil displacing the US

    US is increasingly able to support itself after the growth of its domestic hydraulic fracturing, or fracking

    China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows. The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data. Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA). In the US, the figure was 6.1 million.