Tag: Argentina

Wednesday, May 1st 2019 - 02:49 UTC
The Argentine Peso responds to central bank measures sponsored by the IMF

Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.
Wednesday, May 1st 2019 - 02:40 UTC
Argentine pork to China, which is suffering from an African swine fever epidemic

Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country’s meat-packing plants.
Tuesday, April 30th 2019 - 09:59 UTC
Argentine Peso gains strength as IMF agrees to more central bank flexibility

Argentina’s embattled peso gained strength on Monday after the central bank said it would ease limits on its foreign exchange market interventions, signaling its willingness to sell reserves in an effort to better control the volatility of the local currency. The peso began the session up 3.37% and closed 3.56% stronger at 44.37 per U.S. dollar.
Tuesday, April 30th 2019 - 09:55 UTC
Major strike and march announced for this Tuesday in Argentina, but unions remain divided

A national strike will halt much of shale-rich Argentina's economy on Tuesday amid growing investor concern that market-oriented president Mauricio Macri will lose a bid for re-election in October, swinging Argentina back toward state intervention.
Monday, April 29th 2019 - 08:56 UTC
Argentine mining investments expected to reach US$ 29 billion this year

The Argentine Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach US$ 29 billion and employ about 80,000 people in 2019.
Saturday, April 27th 2019 - 11:30 UTC
A week of volatility in Argentina ends with the Peso down 8.81%

Argentina’s peso fell back on Friday afternoon to post a record low close, giving up earlier gains after a tumultuous week that saw the currency battered to its weakest ever level and local debt pummeled as anxious investors fled.
Saturday, April 27th 2019 - 09:59 UTC
With markets and assets falling, Argentina becomes a magnet for bargain hunters

Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.
Saturday, April 27th 2019 - 09:00 UTC
Father of Emiliano Sala dies of heart attack three months after his son's plan crash

The father of Emiliano Sala has died just three months after the footballer was killed in a plane crash. Horacio Sala, who was 58, passed away at his home in Progreso, Argentina after a heart attack.
Friday, April 26th 2019 - 09:59 UTC
Second black day for Argentine markets and Peso; panic at a possible return of Cristina Fernandez and Kirchnerism

Argentine bonds and the country’s embattled peso currency fell for a second day on Thursday, cranking up the challenge facing President Mauricio Macri as his drop in the polls ahead of knife-edge elections later this year unnerves investors.
Friday, April 26th 2019 - 09:25 UTC
British Embassy in Argentina celebrated Queen Elizabeth II's birthday

The British Embassy in Argentina celebrated HM Queen Elizabeth II’s birthday at British Ambassador Mark Kent’s Residence. The celebration was attended by more than 800 guests, including several high-level national and provincial government representatives, legislators from different political parties, businesspersons, diplomats, academics, sportspeople, journalists, and members of the civil society.