News of fernandez

WHAT NOW?

Back in black

14-09-2019 00:52 It’s obvious that the president’s economic philosophy is as far possible from currency controls and interventionism of financial markets as possible.

by Agustino Fontevecchia

AS I SEE IT

Alberto is already in the hot seat

14-09-2019 00:44 In Argentina, politics and economics parted company at least half a century ago. This is why her performance in the latter department has long been worse than that of just about any other non-Communist country in the world.

by James Neilson

FAKE NEWS

Fake news persists in Argentina as election draws near

14-09-2019 00:10 As the election draws nearer, the spread of false information online shows no sign of letting up. But misinformation, experts say, doesn’t just come from fake news and social networks.

by Lucas Robinson

CAMPAIGN WATCH

Macri and Fernández have good reason to cooperate

13-09-2019 23:48 If he wants to have a future in politics, namely lead the opposition or even dream of a comeback à la Chile’s Sebastián Piñera, Macri needs to deliver an orderly end to his traumatic first administration.

by Marcelo J. Garcia

ELECTION 2019

The hunger debate

13-09-2019 23:41 Alberto Fernández’s words fill a vacuum. At times Macri is absent and seems to have delegated power almost entirely to his lieutenants.

by Martín Gambarotta

Op-Ed

Contradictions, convictions and convergence

13-09-2019 22:58 Contradictions have been constant in the five weeks since the PASO upset conferred frontrunner status on Fernández – an upset which has triggered sporadic market mayhem and massive downtown picket protests.

IMF CREDIT-LINE

Reports: IMF to delay Argentina's next loan tranche until after election

13-09-2019 13:39 Local and international outlets says officials evaluating how to push the next US$5.4-billion tranche back, with IMF prepared to adopt "all possible bureaucratic measures" to "stretch deadlines as much as possible."

'FOOD EMERGENCY'

Chamber of Deputies approves emergency food bill

12-09-2019 18:18 The legislation, which now faces approval by the Senate, would include a 50 percent increase for nutritional programs.

MONEY-LAUNDERING CHARGES

Florencia Kirchner told to present new medical report before courts

12-09-2019 13:57 After six months in Cuba – and with new reports emerging that claim her health is not improving – former president's daughter told to present updated clinical history before federal court.

ELECTION 2019

Alberto Fernández: Difficult times ahead due to 'decimated' economy

10-09-2019 07:48 "If I win, I know that the first years of my management will be difficult because I will receive a decimated economy," declares Frente de Todos presidential candidate.

ECONOMIC POLICY

Argentina must drive demand to boost economy, says Alberto Fernández

09-09-2019 07:30 Frente de Todos leader says businesses who risk capital need their investments to pay off because that creates jobs. But those investments won’t happen if there is poverty, he explains in an interview.

Bloomberg

Argentine bondholders pull out old guidebook to flee country

08-09-2019 08:55 “Many investors thought Argentina was on its way to becoming Chile or Colombia – stable, investment grade,” said Leo Chialva, a partner at Buenos Aires-based consulting firm Delphos Investment. “Those large funds are horrified by the latest measures.”

AS I SEE IT

Here we go again

07-09-2019 01:49 Despite the allegedly progressive chitchat of people who think they are intellectuals, Argentina is an extremely conservative country whose politicians dream of restoring some departed golden age.

by James Neilson

mining industry

Mining companies hope for pragmatic form of Peronism amid project freeze

07-09-2019 01:40 Alberto Fernández tells representatives from 50 mining firms he’s ready to work with them, if elected.

Agriculture

Panic sweeps the pampas with farmers’ old nemesis set for return

07-09-2019 01:36 Cristina Fernández de Kirchner’s shadow looms large for Argentina’s agricultural producers.

argentina

What we learned this week: September 1 to 6

07-09-2019 01:16 Key stories from the last seven days.

Election 2019

Is this you, Macri?

07-09-2019 01:01 It is imperative to understand the founding principles of Macrinomics, in order to realistically assess its relative merits and failures.

by Agustino Fontevecchia

Campaign watch

Argentina becomes a bundle of nerves

07-09-2019 00:55 At the end of the line the country has always faced the same trauma: more inflation, devaluation, recession and, eventually, default.

by Marcelo J. Garcia

BLOOMBERG – ANALYSIS

Hedge fund veterans see Argentina as cautionary tale for Brazil

04-09-2019 12:40 Though the Brazilian economy rebounded in the second quarter, dodging recession, economists have consistently lowered expectations amid weaker-than-expected data.

FROM SPAIN WITH LOVE

Fernández decries Merval plunge after second day of currency controls

04-09-2019 10:43 Peronist presidential candidate, tweeting after teaching in Spain, says his administration will "stabilise the economy and leave this recession behind."

BILATERAL RELATIONS

Brazil foreign minister views Alberto Fernández as a threat to Mercosur

03-09-2019 16:16 “It would be very frustrating, just as Mercosur enjoys its best moment in 30 years, to have an Argentine government that might bring setbacks,” says Foreign Minister Ernesto Araujo.

A PERONIST IN EUROPE

Fernández in Spain for university lectures and meeting with Spanish PM

03-09-2019 13:37 At the University of Camilo José Cela, Frente de Todos candidate gave a lecture titled “How to bring politics closer to the citizenry: a perspective on electoral campaigns.”

BLOOMBERG

Bonds fall, peso seen steady as capital controls begin

02-09-2019 12:21 Money managers dumped Argentina’s Eurobonds after the government imposed capital controls on Monday morning.

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."

REPORTS

Government plans aggressive defence of peso, starting Monday

31-08-2019 19:46 In May 2018, the Central Bank was able to temporarily halt the peso’s collapse by offering to buy US$5 billion, a huge amount in Argentina’s thin currency market. Monday’s measures may echo that plan, local reports suggest.

Turbulence

The campaign or the nation?

31-08-2019 01:30 Argentina’s ninth debt default in its history is but one more stain in an already tarnished reputation.

by Agustino Fontevecchia

AS I SEE IT

Something unpleasant is coming our way

31-08-2019 01:07 If Alberto Fernández does win office in October, his government will have to choose between setting off a hyperinflationary firestorm and undertaking a fiscal squeeze every bit as ferocious as was applied in 2002.

by James Neilson

INTERVIEW: PERIODISMO PURO

Pichetto: 'Words like 'irreversible' are too rigid for Argentine politics.'

31-08-2019 00:55 From Peronist Senate stalwart to vice-presidential candidate. President Mauricio Macri’s running-mate, Miguel Ángel Pichetto explains why Juntos por el Cambio can still win in October.

by Jorge Fontevecchia

Elections 2019: Campaign watch

Macri should drop out of the presidential campaign

31-08-2019 00:42 More people might actually vote for Macri if they see he has made a political sacrifice for the common good.

by Marcelo J. Garcia

Election 2019

My name is bond, 'reprofiled' bond

31-08-2019 00:37 When volatile Argentina shudders, its peso currency is thumped. The dollar deposit drain, a hushed issue that nobody wants to talk about in the open, is not slowing down.

by Martín Gambarotta

argentina

What we learned this week: August 24 to 30

31-08-2019 00:17 Key stories from the last seven days in Argentina.

BLOOMBERG

Macri’s surprise debt plan silences Argentina’s opposition

30-08-2019 19:03 Since the government's decision to "reprofile" the country's debt, Alberto Fernández's political faction has yet to stake out a position on the massive economic development.

BLOOMBERG

Argentina says it will buy bonds from local funds hit by withdrawals

30-08-2019 14:02 Central Bank tries to stem investor panic and stabilise mutual fund industry.

BLOOMBERG – ANALYSIS

Margolis: Argentina’s mess doesn't herald a comeback for Latin America’s left

30-08-2019 13:10 Macri’s fall is stark. Yet what will his misfortunes mean for like-minded conservative leaders elected to change course in a region staggered by soaring unemployment, voter discontent and slowing economies?

BLOOMBERG

Argentina’s dire month: from dry run election to quasi default

30-08-2019 11:20 The government's debt restructuring closes out month of economic turbulence.

BLOOMBERG

'Selective Default': Standard & Poor's cuts Argentina’s debt rating

29-08-2019 20:40 “The Argentine government unilaterally extended the maturity of all short-term paper on August 28. This constitutes default under our criteria,” says ratings agencies.

PASO RESULTS

Final PASO results: Fernández beats Macri by four million votes

29-08-2019 18:19 In Buenos Aires Province, Axel Kicillof confirmed a victory over María Eugenia Vidal by 1.7 million votes.

CORRUPTION & THE COURTS

Boudou acquitted and convicted in unified trial over car purchases

29-08-2019 17:15 Former vice-president handed three-year suspended sentence for supplying false data for purchase of car, but is cleared of irregularities in the buying of 19 high-end vehicles dating back to when he led Economy Ministry.

ECONOMIC INDICATORS

Peso continues to fall, despite plan to delay debt payment

29-08-2019 12:50 National currency traded at the opening at 62.33 per US dollar, which marks a depreciation of almost 3.5 percent compared to Wednesday.

BLOOMBERG

Investors bank on IMF support as bets on a default grow

29-08-2019 09:19 IMF officials' decision to release more funding could determine whether Argentina enters a chaotic default in the next few months – or if the government gets more breathing room to shore up its finances and potentially seek a negotiated restructuring.

RESTRUCTURING

IMF says it will 'stand with Argentina' amid restructuring request

28-08-2019 22:50 "The Fund will continue to stand with Argentina during these challenging times," IMF spokesman Gerry Rice said in a statement.

ECONOMIC INDICATORS

Peso slumps to 60 per dollar, country risk rating hits 14-year high

28-08-2019 15:57 Currency has slumped against the dollar again over the last few days, just as tensions between the government and the opposition have picked up.

OFFICIAL DATA

INDEC chief: Bureau's independence would be lost under the opposition

28-08-2019 09:55 Jorge Todesca slams Peronist opposition in unprecedented letter, warning that Kirchnerite leaders may undermine the legitimacy and independence of the INDEC national statistics bureau.

CFK TO RETURN

Fernández de Kirchner to return to Argentina on Friday

28-08-2019 09:28 Former president will return to the country from Cuba from Friday, ahead of a scheduled book presentation event in La Plata the following day.

MARKETS

Peso drops, country risk up after volatile day led by IMF visit

28-08-2019 07:30 Argentine markets sink anew after initial start to week dominated by IMF mission team's visit and Alberto Fernandez’s criticism of Fund and Mauricio Macri's government.

ECONOMIC CRISIS

Church leaders ask Macri to strengthen food assistance for poor

27-08-2019 17:08 President Mauricio Macri and Church leaders agree to "strengthen efforts to provide food assistance" to the poor and look beyond "political speculation," amid the ongoing economic crisis.

BLOOMBERG

Bond investors keen to hear from Alberto Fernández's economic advisors

27-08-2019 12:24 Money managers including BlackRock, Goldman Sachs and others have made contact with advisers to Alberto Fernández, with some pleasantly surprised by what they've heard.

ELECTION 2019

Alberto Fernández renews criticism of deal after meeting with IMF team

27-08-2019 09:04 Peronist candidate reiterates criticism of Fund, saying that "those who have generated this crisis have the responsibility of putting an end to and reversing it."

FORMER PRESIDENT

Court refuses to suspend Fernández de Kirchner's corruption trial

26-08-2019 17:51 Court rules that former president's trial for alleged corruption offences related to public works projects will continue, rejecting requests from the defence to suspend the trial.