Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partners
Mauricio Macri, president of Argentina, Erna Solberg, Prime Minister of Norway and Hamdi Ulukaya, founder, chairman and CEO of Chobani and founder of the Tent Partnership for Refugees, will be honored by the Atlantic Council with the Global Citizen Awards, during a ceremony on the evening of September 24 in New York, NY. All three distinguished honorees have confirmed attendance and will speak at the event.
Argentine equities and the peso both lost ground on Monday as analysts said intervention in the foreign exchange market by the nation's central bank may prove less successful than originally hoped.
Argentina raised the price of biodiesel used in domestic fuel mixes in response to a sharp devaluation in the Peso currency and new taxes on primary exports, the government said in its official gazette on Monday.
Argentina’s central bank governor, Luis Caputo, said on Friday that government financing for 2019 was more than sufficient and that high yields on the country’s sovereign debt were “exaggerated,” prompting the peso currency to reverse earlier
The International Monetary Fund said on Thursday it aimed to wrap up talks to “strengthen” a US$ 50 billion backup financing deal with Argentina “as rapidly as possible,” as the country's peso and stocks climbed for a second straight day.
Argentina’s economy minister sounded upbeat on Wednesday about clinching a new deal with the International Monetary Fund after two days of talks in Washington, and said had sought U.S. support for securing approval from the IMF’s board.
Argentina’s peso slid further on Tuesday as investors reacted with skepticism to president Mauricio Macri’s plans. Many worry he will not be able to push reforms through a restive Congress amid growing frustration on the streets of Buenos Aires.
Argentina “made progress” on Tuesday in talks with the International Monetary Fund aimed at securing an accelerated disbursement of a US$50 billion loan it hopes will calm its debilitating economic crisis.
The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.