Tag: Merval

• Thursday, December 11th 2014 - 12:46 UTC

  Falling world oil prices shatter Argentine stocks for second day running

  

  Argentine stocks closed down 6.85% Wednesday, weighted down by falling oil prices for a second day of heavy losses. As oil prices sank to new five-year lows, the Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday.

• 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, October 2nd 2014 - 07:24 UTC

  Buenos Aires shares plunge 8.2%; US dollar trades cautiously fearing raids

  

  Buenos Aires shares plunged on Wednesday 8.2% to 11.516,28 units following the news that the Central Bank chief Juan Carlos Fabrega had resigned. The Merval benchmark stock index has risen 132% so far this year.

• 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, February 16th 2012 - 05:09 UTC

  Argentina fines YPF for un-paid tax bill further straining relation with the industry

  

  Argentina’s largest energy company YPF, dropped the most in the Buenos Aires Stock Exchange’s leading share index on Wednesday after the federal tax agency banned it from importing and exporting because of an unpaid tax bill.

• Tuesday, September 6th 2011 - 06:21 UTC

  Latam stocks down; the Real slides to 1.65 dollars

  

  Latin American stocks fell on Monday as fears of a recession in Europe and the United States mixed with anxiety about the health of global banks to drive indexes below support levels, suggesting more losses.

• Friday, August 19th 2011 - 02:05 UTC

  Fears of recession plunge world markets; Latam losses less that in US and EU

  

  Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.

• Thursday, August 11th 2011 - 07:16 UTC

  Latam markets begin to take distance from the US and Euro zone

  

  Latin American stocks marked their own course on Wednesday as the region remained relatively distant to turmoil in the United States and Europe.