Argentina

• Wednesday, May 16th 2018 - 09:09 UTC

  Argentina seems to have managed Tuesday's challenge, but what comes next?

  

  Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility. In a statement, the Argentine central bank said it refinanced all of the US$ 26 billion of peso-denominated short term bonds that matured on Tuesday. Investors were attracted by renewal rates of 40% for 36-day Lebac and 38% and 38,5% for 90 days and plus, Lebacs.

• Wednesday, May 16th 2018 - 08:22 UTC

  Boris Johnson expected in Argentina; homage to Falklands/Malvinas conflict fallen in the agenda?

  

  Foreign Secretary Boris Johnson is expected next week in Argentina for a G20 ministerial meeting and, according to Buenos Aires media, normally well informed, he is scheduled to attend a homage to the fallen in the South Atlantic conflict. This would take place in the framework of the new constructive positive turn for Argentine/UK bilateral relations, which includes cooperation in several fields.

• Wednesday, May 16th 2018 - 06:40 UTC

  “Falklands want a normal, friendly relationship with all its neighbors, but...”

  

  ”We would be delighted to have a normal, friendly relationship with all our neighbors, to freely trade with, work with and discuss things of mutual benefit” said Falkland Islands lawmaker MLA Roger Edwards at the UN Decolonization 2018 Pacific Regional Seminar held in Grenada last week. But, he added, “instead, we are not recognized or accepted as a people in our own right”, by Argentina.

• Tuesday, May 15th 2018 - 06:54 UTC

  Argentina's “L” Day challenge: US$ 25bn in Peso bonds mature on Tuesday

  

  The Argentine Peso plummeted to a new low on Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves. The Peso fell sharply on opening Monday and closed down 6.2%, trading at 25.52 against the dollar, having lost close to 33% so far this year.

• Tuesday, May 15th 2018 - 06:43 UTC

  Argentine admits less growth and more inflation, but exports could be boosted with a dearer dollar

  

  High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.

• Tuesday, May 15th 2018 - 06:36 UTC

  Cristina Fernandez formally charged of money laundering and illicit association

  

  Argentine federal judge, Julian Ercolini, on Monday began legal proceedings against former President Cristina Fernandez de Kirchner (2007-2015) and her two children on charges of money laundering and illicit association.A statement from the court said that Ercolini had frozen assets belonging to the family worth 800 million pesos (some 32 million U.S. dollars).

• Monday, May 14th 2018 - 20:04 UTC

  Argentina/UK: Agreement to enhance Antarctic scientific co-operation

  

  The British Antarctic Survey (BAS) and the Instituto Antártico Argentino (IAA) today signed a memorandum of understanding.The agreement will enable the implementation of joint science and technology research projects as well as enhanced training and exchange of personnel. .

• Monday, May 14th 2018 - 08:20 UTC

  The Economist: Will Argentina's woes spread?

  

  Argentina has much in common with yesterday's emerging markets, but little in common with today's

• Saturday, May 12th 2018 - 09:37 UTC

  Leading global oil companies interested in Argentina offshore blocks auction

  

  Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.

• Saturday, May 12th 2018 - 07:50 UTC

  Macri enlists further financial and political support, but Peso continued to slide

  

  Argentina’s central bank sold US$1.1 billion in the foreign exchange market on Friday and the peso weakened 2.74% to an all-time closing low of 23.35 per U.S. dollar despite talks aimed at securing an International Monetary Fund financing deal.