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MercoPress, en Español

Montevideo, December 16th 2025 - 03:46 UTC

Tag: Luis Caputo

  • Wednesday, June 27th 2018 - 08:12 UTC

    Argentine economy shrinks 0.9% as agriculture hit by drought plummets 31%

    It was the first negative monthly reading since February 2017. The economy shrank 2.7% in April from March

    Argentina’s economy shrank in April for the first time in more than a year, government data showed on Tuesday, while the central bank held its policy rate stable at 40% in the first rate decision since a shakeup in its leadership.

  • Wednesday, June 20th 2018 - 06:54 UTC

    Argentine central bank contains run on the Peso, and major dumping of bonds

    The peso's relatively small losses followed a day of sharp gains on Monday as new central bank Governor Luis Caputo hiked banks' reserve requirements

    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.

  • Friday, June 15th 2018 - 06:56 UTC

    Forex run in Argentina: Macri appoints new Central bank president

    The appointment of Finance minister Luis Caputo to head the central bank follows several weeks of currency volatility that led Argentina to seek IMF support

    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.

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

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

    Finance minister Luis Caputo said Argentina managed to float additional bonds, equivalent to US$ 3 billion in Pesos

    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.

  • Saturday, May 12th 2018 - 07:50 UTC

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

    Earlier on Friday, the peso fell to a record intra-day low of 24.50 per dollar as investors moved into dollar-denominated assets.

    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.

  • Friday, January 5th 2018 - 10:20 UTC

    Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

    Bonds were 2.4 times oversubscribed, as Argentina received orders for US$21.4bn, the ministry said. Issuance would cover half of infrastructure investments this year.

    Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.

  • Tuesday, August 1st 2017 - 06:25 UTC

    Hammond arrives in Argentina on trade mission; scheduled to meet Macri

    Hammond is scheduled to meet president Mauricio Macri, Economy minister Nicolas Dujovne, Finance minister Luis Caputo and foreign minister Jorge Faurie.

    Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years; the last was when ex Prime Minister Tony Blair met ex president Fernando De la Rua in the Iguazu falls in 2001.

  • Friday, January 13th 2017 - 11:04 UTC

    Argentina announces ambitious financial program; road show begins Monday in London

    Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper, announced minister Caputo.

    Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

  • Monday, January 2nd 2017 - 05:45 UTC

    Argentina's new economic team aims to fight budget deficit and reform the tax code

    Dujovne is viewed as more of a fiscal hawk than Prat-Gay, whose 2017 budget project included the 4.2% deficit target, higher than the 3.3% initially proposed.

    In his first public comments since his appointment, Argentine Economy minister Nicolas Dujovne told a press conference that his main objective would be to continue with center-right President Mauricio Macri's economic policies.

  • Monday, May 2nd 2016 - 07:54 UTC

    Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

    The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress”, Finance Secretary Luis Caputo said.

    Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.