News of capital

CAPITAL CONTROLS

‘Strict’ foreign-exchange controls to stay in place, says Kulfas

05-01-2020 08:26 “In the current context, strict exchange rate regulations are inevitable,” says production minister

AS I SEE IT

The long war against capital is coming to a triumphant end

30-11-2019 11:39 These days most Peronists, including Alberto Fernández, would very much like to see “capital” return to the country from which they banished it, but such is the state of the economy that getting it to do so will be anything but easy.

by James Neilson

CURRENCY CONTROLS

Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad

31-10-2019 22:10 The move comes three days after the Central Bank sharply tightened currency exchange controls to stem a surge in capital flight.

'Cepo total'

US$200 limit: Central Bank tightens currency controls in wake of election

28-10-2019 01:03 The move looks to preserve international reserves during the political transition but risks causing the black market exchange rate to skyrocket.

BLOOMBERG

Argentina's business elite are desperate to hear an economic plan

22-10-2019 14:08 Executives are resigned to the fact that Macri is going to lose the presidential election, so now they just want to know what Alberto Fernández's plan to save the economy looks like.

ELECTION 2019

Rodríguez Larreta, Lammens clash in City mayoral debate

11-10-2019 11:24 Four candidates seeking to become next Buenos Aires City mayor face-off in televised debate.

Bloomberg

Investors stuck in Argentina rush to local corporate bond market

11-10-2019 10:34 Foreign investors are starting to flock to Argentina’s usually sleepy local corporate-bond market, desperate to reinvest cash stuck in the country due to recently imposed capital controls.

BLOOMBERG

Energy companies would likely bear cost of Fernández’s utilities shift

01-10-2019 16:29 Energy companies would likely be made to pay for Alberto Fernández’s move to slow hikes in electricity and natural gas prices.

BUENOS AIRES

Capital controls, sky-high rates crush local housing market

01-10-2019 08:56 The world’s highest interest rates and a currency that has lost 68 percent of its value since the start of 2018 has led to paralysis in Argentina’s real estate market. Home sales with a mortgage have plunged 87 percent in the province and city of Buenos Aires so far this year.

BUENOS AIRES CITY

Fears for Cambiemos as polls show Lammens taking Rodríguez Larreta to run-off

20-09-2019 16:22 Two new surveys indicate City mayor will fail to break past 50-percent threshold required to win outright in first round round.

DATA BREACH

Almost entire population of Ecuador has personal data leaked online

17-09-2019 12:20 Almost the entire population of Ecuador had their personal data leaked online from an unsecured server in Miami, security experts said Monday.

BLOOMBERG

The US$185-million bond payment that's overdue and stuck in Argentina

13-09-2019 15:55 Real-estate firm IRSA has the cash to cover a bond payment to foreign and local creditors. But then capital controls arrived – and everything got a lot more complicated...

BLOOMBERG

Argentine corporate bond funds stuck in limbo after controls

13-09-2019 10:15 Argentina unveiled a series of capital controls at the start of this month as President Mauricio Macri responded to a plunging peso draining government reserves after his poor showing in a presidential primary vote.

Bloomberg

Central Bank clamps down on loophole to gain from capital controls

12-09-2019 08:52 The monetary authority adds measures to curb trades aimed at profiting from capital controls.

CITY ELECTION

Espert endorses Rodríguez Larreta in race to be Buenos Aires City mayor

11-09-2019 14:08 The Frente Despertar leader announced his support for Rodríguez Larreta on Twitter, declaring that voting for the Juntos por el Cambio politician would prevent the city of Buenos Aires "from returning to past."

BLOOMBERG

A money manager doubles down on crisis-ridden Argentina’s bonds

06-09-2019 14:31 Lutz Roehmeyer, CIO of Capitulum Asset Management, who has invested in other crisis-stricken countries like Nigeria, said Argentine short-term bonds "are a good opportunity."

FIRST COMMENT ON MEASURES

Macri tells business leaders capital controls are only 'emergency' measure

04-09-2019 16:16 "We don’t like these measures," president tells business leaders, adding that "they are only justified in an emergency and for a limited time."

EXPLAINER

From Argentina to China and India: a global guide to capital controls

04-09-2019 12:34 Argentina may have spooked investors with its imposition of capital controls over the weekend, but it’s scarcely alone among emerging markets in using them to stop money flying out in times of stress.

BLOOMBERG

Argentina returns to capital controls as Macri fights to survive

02-09-2019 09:16 Decision to impose currency controls represents a bitter irony for the pro-market President Macri, who set about dismantling them as soon as he took office in 2015.

CURRENCY CONTROLS

Lacunza: Currency controls 'necessary to avoid greater evils'

02-09-2019 08:52 "It is an uncomfortable measure for us that Argentina has already had," declares finance minister, who describes new restrictions as "transitory."

GENDER VIOLENCE

47% of violent homicides against women in capital last year were femicides

08-08-2019 14:37 Report released by a prosecutorial unit specialising in violence against women found 19 violent murders of women over last year, of which nine were considered to carry hallmarks of a femicide.

ELECTION 2019: CAPITAL FEDERAL

That’s life in the big city

29-06-2019 10:05 Today’s column has at least two unique features within this series – it is the first which does not study a province (Capital Federal is no more a province than the District of Columbia is a state) and it is also the first with the candidates clearly defined after last week’s closure of the electoral lists.

by Michael Soltys