Argentina can appeal in hedge funds’ lawsuit over GDP-linked securities
LONDON (Reuters) – Argentina has been given permission to appeal after losing a London lawsuit brought by four hedge funds over euro-denominated securities which left the country facing a roughly $1.5 billion…
Argentina cbank tightens FX access for soy exporters, hitting peso
BUENOS AIRES (Reuters) – Argentina’s central bank has tightened access to the foreign exchange market by soybean exporters as it decided they are no longer allowed to trade on alternative markets, hitting…
IMF staff back $4 billion tranche for Argentina, praise ‘decisive’ steps
BUENOS AIRES (Reuters) – The International Monetary Fund (IMF) has reached a staff-level agreement on Argentina’s $44 billion extended fund facility arrangement, which should unlock nearly $4 billion in funds for the…
Venezuela welcomes home seized aircraft’s crew from Argentina
CARACAS (Reuters) – Venezuela on Friday welcomed home a dozen flight crew members detained in Argentina since June after their plane was held for suspected terrorism ties, according to state television. “We…
Argentina hikes interest rate 550 bps after inflation overshoots
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank hiked the country’s benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80%…
Argentina arrests new suspect in attack on vice president -local media
BUENOS AIRES (Reuters) – Argentine authorities have arrested a woman suspected of participating in the organization of the failed assassination attempt on Vice President Cristina Fernandez de Kirchner almost two weeks ago,…
Argentina inflation, heading towards 100%, seen easing back from July peak
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate, heading towards 100% this year, likely eased in August versus a 20-year peak the month before, analysts polled by Reuters said, bringing…
IMF says review of Argentina debt program on course
(Reuters) – The International Monetary Fund Managing Director Kristalina Georgieva said on Monday that a staff-level agreement with Argentina should be concluded in coming days as the organization conducts a second review…
Argentina hikes biofuel prices for domestic market
(Reuters) – Argentina’s government on Tuesday increased domestic prices of biodiesel for blending with diesel, as well as for bioethanol made from sugarcane and corn. The Ministry of Economy’s energy secretariat set…
Argentina to hasten rate hike after ‘soy dollar’ FX move, source says
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hike the country’s interest rate as early as this week, a source said, after the economy ministry rolled out…
U.S. condemns assassination attempt in Argentina -Blinken
WASHINGTON (Reuters) – The United States on Friday condemned the attempted assassination of Argentina’s Vice President Cristina Fernandez de Kirchner a day earlier. “The United States strongly condemns the assassination attempt on…
Argentina could hike interest rate to 75% this month, source says
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank could hike the benchmark interest rate to 75% this month, a source with direct knowledge of the board’s discussions said on Thursday,…
Argentina mulls requesting IMF loan from resilience trust -source
By Jorgelina do Rosario LONDON (Reuters) – Argentina is considering asking for an International Monetary Fund loan under its new Resilience and Sustainability Trust (RST), designed to help countries ensure sustainable growth,…
Argentina prepares to restrict imports amid foreign exchange shortage -source
BUENOS AIRES (Reuters) – Argentina’s government will launch three measures in the coming days aimed at restricting imports and preserving the central bank’s dwindling foreign currency reserves, a source told Reuters on…
Argentina extends tax incentives on undeclared savings to spur construction
BUENOS AIRES (Reuters) – Argentina’s new Economy Minister Sergio Massa on Monday announced the extension of a plan offering tax incentives to Argentines who use undeclared savings to invest in construction projects,…
Argentina names second in command of key economy ministry
BUENOS AIRES (Reuters) – Argentina’s government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President Cristina Fernandez de Kirchner to effectively be…
In Argentina, mass protests demand higher wages, lower inflation
By Maria Belen Liotti BUENOS AIRES (Reuters) – Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits battered…
Dollar-strapped Argentina announces incentives for oil and gas industry
BUENOS AIRES – Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is…
Argentina orders seizure of Venezuelan plane at U.S. request
BUENOS AIRES/CARACAS – Argentina on Thursday ordered the seizure of a Venezuelan plane held in Buenos Aires since June at the request of the United States, amid suspicions the aircraft of Iranian…
Argentina hikes interest rate again as inflation hits 20-year high
By Walter Bianchi BUENOS AIRES – Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that…
U.S. asks Argentina to seize Venezuelan plane linked to Iran
BUENOS AIRES – The U.S. Department of Justice (DOJ) on Tuesday asked for permission to confiscate an Iranian plane sold to Venezuelan owners and impounded in Argentina on suspicions it was linked…
U.S. Justice Department Seeks Seizure of Boeing 747 Cargo Plane Grounded in Argentina
WASHINGTON – The U.S. Department of Justice transmitted a request to Argentinian authorities today to seize a Boeing 747-300M cargo plane following the unsealing of a…
Argentina ‘superministry’ launch lifts bonds, but uncertainty lingers
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK – Argentina’s international bonds rose on Friday but remain near historic lows after President Alberto Fernandez’s launched a “superministry” designed to coordinate economic…
In Argentina, financial risks deepen along with investor jitters
By Walter Bianchi BUENOS AIRES – Argentina’s debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts…
Dollar-strapped Argentina to loosen foreign exchange rules for tourists
By Walter Bianchi BUENOS AIRES – Argentina will allow foreign tourists to exchange dollars at a significantly higher rate than previously available, the Ministry of Economy said on Thursday, as the country…
IMF in positive engagement with Argentina, welcomes govt efforts – spokesman
NEW YORK – The International Monetary Fund had a “very positive” first engagement with Argentina’s recently named economy minister Silvina Batakis, an IMF spokesman said on Thursday. “I hope that our staff…
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