Tag: Buenos Aires Stock Market

• 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.

• Thursday, September 11th 2014 - 04:30 UTC

  Despite all the negative economic data, Argentina's stock market has almost doubled this year

  

  Despite all the negative news on government restrictions imposed on the Argentine economy and the shortage of hard currency, the country's Merval Index has skyrocketed almost 100% this year, the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.

• Thursday, August 28th 2014 - 06:11 UTC

  Dollar new record in Argentina: 14.45 Pesos; Capitanich blames 'speculative attacks'

  

  While Argentine Cabinet Chief Jorge Capitanich claimed the country was suffering “speculative attacks“ to systematically erode the ”government’s credibility and trust” the US dollar in the Buenos Aires informal market continued to climb and ended Wednesday trading 25 cents higher at 14.45 Pesos.

• Thursday, August 21st 2014 - 06:41 UTC

  Cristina Fernandez blasts those who invest in the 'illegal currency' (US dollar)

  

  Argentine president Cristina Fernandez emphasized on Wednesday evening the need to amplify “the local financial market so we will not depend on foreign fluctuations,” during the celebration of Buenos Aires Stock Market 160th anniversary.