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…
Weary Argentina investors hit by more political turmoil
By Marc Jones LONDON – Argentina’s long-suffering investors tore into the country’s chaotic politics on Monday after the architect of its IMF programme, economy minister Martin Guzman, quit and was replaced by…
Silvina Batakis: heterodox economist in the hot seat in Argentina
By Jorge Otaola BUENOS AIRES – Silvina Batakis arrives at Argentine’s Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt defaults and…
Argentina economy minister, IMF deal architect, quits as government crisis builds
By Jorge Otaola BUENOS AIRES -Argentina’s economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in…
Argentina grounds Iran-linked Venezuelan cargo plane, lawmakers seek probe
DUBAI/BUENOS AIRES -Argentine authorities have grounded an Iran-linked Venezuelan Boeing 747 cargo plane, a local opposition lawmaker and Iranian state media said on Sunday, in an unfolding drama that is throwing a…
Argentina interest rate seen up 200 bps as inflation boils over
By Jorge Otaola BUENOS AIRES – Argentina’s benchmark interest rate is likely to be hiked another 200 basis points next week, analysts polled by Reuters estimated, as the central bank seeks to…
GM to launch production of Chevrolet Tracker SUV in Argentina in July
(Reuters) – General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month, the U.S. automaker and the Argentine government said Wednesday. Shilpan Amin, a GM senior…
Argentina proposes ‘extraordinary income’ tax amid grains windfalls
BUENOS AIRES – Argentina’s government proposed a bill Monday to tax companies that earn “extraordinary income” from the war in Ukraine, a measure that would particularly affect the country’s grains industry. The…
Analysts raise Argentina 2022 inflation forecast to 72.6% – central bank
BUENOS AIRES – Analysts consulted by Argentina’s central bank raised their inflation estimate for the South American country for 2022 to 72.6%, 7.5 percentage points above the previous month’s forecast, according to…
Paris Club aims for deal with Argentina “in coming weeks”
PARIS – The Paris Club of creditor countries aims to wrap up a renegotiation of $2 billion in debt that Argentina owes “in the coming weeks”, the group said on Thursday. Paris…
Top anti-inflation official in Argentina resigns as prices surge
BUENOS AIRES – A senior official in Argentina charged with leading government efforts to tame sky-high inflation resigned on Monday due to differences over how to contain steadily creeping prices, which have…
IMF says Argentina program objectives, targets “remain unchanged”
(Reuters) – The International Monetary Fund said the agreed objectives of the recently approved program for Argentina remain in place as the first program review draws close. “I would characterize the status…
Argentina accelerates hike in minimum wage
(Reuters) – Argentina will increase its monthly minimum wage to 45,540 pesos ($389.46) in June and to 47,850 pesos in August, the Ministry of Economy said on Tuesday. “The increases in (minimum…
Mexico seeks lithium association with Argentina, Bolivia and Chile
MEXICO CITY -Mexico is working with governments of Argentina, Bolivia and Chile to create a lithium association so the countries can share their expertise to exploit the battery mineral, Mexican President Andres…
Argentina seeking $10 billion investment to jump-start LNG exports, minister says
By Eliana Raszewski BUENOS AIRES – Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump start exports of liquefied…
Argentina to help low-income earners cope with inflation
BUENOS AIRES – Argentina’s government said on Monday the country’s neediest would get help to cope with soaring prices as part of a special aid program that will be financed with taxes…
Argentina central bank to analyze rate hike on Wednesday -source
By Jorge Otaola BUENOS AIRES – Argentina’s central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the bank told Reuters on Tuesday, as the…
Ford inks Argentina lithium supply deal with Lake Resources
By Ernest Scheyder (Reuters) – Ford Motor Co said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time…
Argentina wants China to fully fund $8.3 billion nuclear plant amid cash shortfall
By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt levels and…
Exclusive-IMF board approves $45 billion Argentina program -sources
By Jorgelina do Rosario NEW YORK/LONDON – The International Monetary Fund’s executive board on Friday approved a $45 billion program for Argentina after more than a year of negotiations, two sources with…
South Korea’s Posco to invest $4 billion in lithium project in Argentina
BUENOS AIRES – South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand…
IMF board to meet March 25 over Argentina debt deal: statement
WASHINGTON – The International Monetary Fund’s executive board will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said on Saturday. Argentina’s Senate voted on Thursday…
Spain set to approve emergency U.S., Argentina corn buying
MADRID – Spain expects “in the coming hours” to approve emergency purchases of corn from Argentina and the United States for animal feed after supply gaps left by Russia’s invasion of Ukraine,…
Mexican president urges Argentina to accept IMF debt deal
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Thursday urged Argentina to accept a new $45 billion deal with the International Monetary Fund (IMF) instead of defaulting on its debt.…
Argentina government warns Congress not to block IMF deal
By Walter Bianchi and Lucila Sigal BUENOS AIRES – Argentine bonds fell on Monday as a new $45 billion deal with the International Monetary Fund (IMF) started to move through Congress, with…
Argentina bonds sink in snub to $45 billion IMF deal
By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK – Argentine sovereign bonds tumbled some 2.3% on Friday, a day after the government struck a $45 billion staff-level agreement with the International…
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