Argentina

• Thursday, June 21st 2018 - 11:16 UTC

  Falkland Islands approve exhumation and repatriation of Argentine Soldier

  

  Last week the Falkland Islands Government approved under Falkland Islands law the exhumation of the body of Flight Lieutenant Luis Dario Jose Castagnari. Mr Castagnari is buried at the Argentine Cemetary near Darwin in the Islands, having perished during the 1982 war.

• Thursday, June 21st 2018 - 08:03 UTC

  IMF Executive Board approves US$50bn Stand-By Arrangement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a three-year Stand-By Arrangement (SBA) for Argentina amounting to US$50 billion (equivalent to SDR 35.379 billion, or about 1,110 percent of Argentina’s quota in the IMF).

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

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

  

  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

  

  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

  

  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

  

  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 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

  

  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

  

  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

  

  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.