Argentina

• Friday, October 3rd 2014 - 07:23 UTC

  Argentina: Vanoli meets Cristina Fernandez and begins working at the central bank

  

  In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met on Thursday President Cristina Fernandez and Economy Minister Axel Kicillof in Olivos.

• Friday, October 3rd 2014 - 07:17 UTC

  Buenos Aires stock market plunges 7.2%, and the US dollar recedes slightly

  

  The day after Argentina's central bank governor Juan Carlos Fabrega stepped down, investors expressed their pessimism as Buenos Aires City stock market, Merval, which plunged 7.2% to 10,703.32 points on Thursday.

• Friday, October 3rd 2014 - 06:20 UTC

  The Argentine economy: “Thumbs down” writes The Economist

  

  Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.

• Thursday, October 2nd 2014 - 07:31 UTC

  Argentina's new central bank president: a blend of Keynes with strong government intervention

  

  Alejandro Vanoli, the designated new President of the Argentine Central Bank following Juan Carlos Fabrega’s resignation, is the current leader of the CNV securities regulator, in charge of that entity since 2009 after serving for three years as its deputy.

• Thursday, October 2nd 2014 - 07:24 UTC

  Buenos Aires shares plunge 8.2%; US dollar trades cautiously fearing raids

  

  Buenos Aires shares plunged on Wednesday 8.2% to 11.516,28 units following the news that the Central Bank chief Juan Carlos Fabrega had resigned. The Merval benchmark stock index has risen 132% so far this year.

• Thursday, October 2nd 2014 - 07:15 UTC

  Climbing volatility of the US dollar in Argentina forces resignation of central bank president

  

  Argentine Central Bank President Juan Carlos Fabrega resigned Wednesday after an alleged disagreement with President Cristina Fernandez over how to keep a lid on the black market exchange rate ('blue' dollar) that hit a record 16 pesos per dollar last week.

• Thursday, October 2nd 2014 - 06:59 UTC

  Head of Mormons in Argentina kidnapped and robbed in Buenos Aires

  

  The head of the Mormon Argentina Buenos Aires West Mission, US citizen David Paul Robertson, was kidnapped, robbed, and finally released by armed men that attacked him while he was driving in Ciudadela, in Greater Buenos Aires.

• Wednesday, October 1st 2014 - 21:28 UTC

  Industrial production in Argentina declines for the 13th consecutive month

  

  Argentine industrial output fell 2.3% in August compared to a year ago and 2.8% in the last twelve months in non seasonally adjusted terms according to a report from the Ministry of Economy.

• Wednesday, October 1st 2014 - 08:09 UTC

  US calls on Argentina “to normalize relations with all bondholders”

  

  While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.

• Wednesday, October 1st 2014 - 07:42 UTC

  Argentine president claims the US wants her removed: “if something happens to me, look North”

  

  Argentine president Cristina Fernandez defiantly claimed on Tuesday that financial, industrial and local political groups together with outside support want to remove her from office, and warned that “if something happens to me, don't look to the Mid East, look North” in clear reference to the United States.