News of fernandez fernandez

BLOOMBERG

Argentina bonds may be worth less than 40 cents a dollar in a default

Today 12:38 Citi sees recovery value at low-30s range, BofA says below 40. Massive sell-off sent implied probability of default to 85%.

Fernández on Venezuela

Fernández says he would join Mexico, Uruguay to promote dialogue with Venezuela

Today 09:57 The presidential candidate criticised efforts to oust Maduro that "part of Latin America rallied behind Trump on."

ELECTION 2019

Pichetto accuses Frente de Todos of 'hiding' CFK during campaign

Today 09:37 Pichetto alleges that former president was deliberately been sidelined as the opposition Peronist front sought to paint a more moderate image to voters.

500 DAYS

Fernández, CFK join petition from Argentine leaders for Lula's release

Today 08:35 Presidential frontrunner Alberto Fernández and running-mate Cristina Fernández de Kirchner led calls by dozens of personalities Tuesday to free Brazil's jailed leftist icon Luiz Inácio Lula da Silva.

CHANGE AT THE TREASURY

Peso stability a priority, declares new Finance Minister Hernán Lacunza

Yesterday 13:46 "Guaranteeing the exchange rate is a first-order objective," says Lacunza, who also promises that Argentina would keep 2019 fiscal targets set in alignment with IMF.

NEW MINISTER

Hernán Lacunza begins work after being sworn in as new finance minister

Yesterday 08:58 "I want to thank Hernán Lacunza for accepting this complex responsibility in such a difficult time," declares President Macri at Casa Rosada ceremony.

Bolsonaro's Brazil

Bolsonaro: Argentines took out money from banks 'en masse' after Fernández win

19-08-2019 15:06 Since the Frente de Todos candidate's win in this month's primary, the Brazilian president has repeatedly attacked the Kirchnerite party, slamming "leftist bandits" seeking "return to power."

BLOOMBERG

Supporters stand by Alberto Fernández after week of market turmoil

19-08-2019 12:49 Macri supporters are clinging to hopes he can turn around his campaign and pull off an upset in the October 27 presidential election.

BLOOMBERG

Argentina bonds eyeing new lows on flurry of negative headlines

19-08-2019 12:38 The country's offshore notes hit a new low on Monday while local markets were closed due to the holiday.

PRESIDENTIAL HOPEFUL

Alberto Fernández: We're 'virtually' in default and must renegotiate IMF deal

19-08-2019 09:19 Fernández, now the clear favourite to win upcoming presidential elections October 27, laid out his views of the economic situation in a series of newspaper interviews over the weekend.

BLOOMBERG

Fresh turmoil on cards after Dujovne resignation, debt downgrades

19-08-2019 08:11 Negative headlines may unleash a fresh bout of market turmoil after a brief respite at the end of last week. Argentina’s global bonds will be the first to react, while the nation’s currency and stock markets remain closed on Monday due to a local holiday.

AS I SEE IT

Cometh the hour, cometh Alberto

17-08-2019 11:56 Nobody saw it coming. Before people started casting their votes last Sunday morning, just about all the professional pollsters assured us that Mauricio Macri and Alberto Fernández were running neck-and-neck, some even suggested that the president was edging ahead.

by James Neilson

THE COST OF CRISIS

Argentines continue to pay the price of economic meltdowns

17-08-2019 11:14 While investors, creditors and businesspeople lament the potential departure of Mauricio Macri, many voters – hit by spiralling inflation and the economic downturn – are nostalgic for the days of Cristina Fernández de Kirchner and her late husband.

by Lucas Robinson

POST-PASO ARGENTINA

A week is a long time in politics

17-08-2019 10:46 President Mauricio Macri’s PASO loss to Alberto Fernández has dramatically altered Argentina’s political landscape.

by James Grainger

BLOOMBERG

Argentina slammed by double downgrade at end of traumatic week

16-08-2019 18:20 The country's downgrade from a B to CCC bond rating by Fitch places it in the company of only Zambia and the Republic of Congo.

EXCLUSIVE INTERVIEW

Héctor Torres: ‘Macri has to work for the country, not for his re-election’

16-08-2019 17:22 Former IMF executive director and international economic law and trade expert Héctor Torres on ‘Black Monday,’ the errors of the Macri administration and why Alberto Fernández and the president must put Argentina first.

by Lucas Robinson

CORRUPTION TRIAL

Court grants Fernández de Kirchner permission for fourth trip to Cuba

16-08-2019 10:12 Former president granted permission to leave country for eight days and miss hearings from her trial regarding alleged fraud in public works projects.

BLOOMBERG

Central Bank revamps strategy to defend peso

15-08-2019 18:34 Rule change on foreign currency holdings in the financial system should allow it to spare foreign reserves when defending the peso.

ELECTION 2019

Lavagna calls for 'dialogue,' suspension of election campaign amid crisis

15-08-2019 17:09 'Third way' presidential candidate asks Macri to declare 'food and healthcare emergency' and asks for leaders to work together in order to address impact of ongoing economic turmoil.

BLOOMBERG – ANALYSIS

Markets: Dead-cat bounce finally arrives for Argentine markets

15-08-2019 15:08 After a brutal three-day sell-off that saw average yields spike to 21% and an implied probability of default gauge surge above 80% percent, investors finally found prices cheap enough to begin taking risk in the battered credit.

PASO FALL-OUT

Argentine peso rebounds after Macri, Fernández call for calm

15-08-2019 14:56 The peso regained value against the dollar as markets opened on Thursday, following three days of sharp declines.

PASO FALL-OUT

Elisa Carrió alleges election fraud, provides no evidence for claim

15-08-2019 10:05 Government insists election was 'transparent' despite claims of Macri-allied outspoken lawmaker. Journalist Jorge Lanata asks those alleging fraud to place to 'use their heads a little.'

TWO LEADERS SPEAK

Macri holds 'long and good' telephone conversation with Fernández

14-08-2019 16:10 Earlier in the day, opposition leader Alberto Fernández had rejected the idea of meeting with the current president, saying "it doesn't make sense."

2019 Elections

Alberto Fernández: 'No point' in meeting Macri

14-08-2019 14:56 Alberto Fernández emerged with a 15-point lead over the incumbent from Sunday's primaries vote, deeply complicating the Mauricio Macri's chances of winning re-election.

Peronism

Argentina turns back to Peronism in rebuke to Macri

14-08-2019 12:40 Peronism, with its cross-ideological allure, has managed to endure as a mainstay of Argentine politics even 45 years after the death of its founder, Juan Domingo Peron.

BLOOMBERG

Bond star Hasenstab's fund suffers most as Argentina nosedives

14-08-2019 11:56 US money managers portfolios' slide as post-PASO economic tumble continues.

ECONOMIC MEASURES

Macri offers mea culpa, announces measures to boost incomes

14-08-2019 11:09 President offers an apology for tetchy performance in Monday's press conference and tells Argentines 'he understands' their anger, announcing raft of measures to help workers and businesses.

PASO FALL-OUT

Utility stocks face gloomy outlook as downgrades mount

14-08-2019 09:55 Outlook for Argentina’s energy companies has worsened after primary election results raise concerns about the return of more intervention in utility prices.

BLOOMBERG – ANALYSIS

What the markets are telling Argentina's next leader

14-08-2019 09:45 To boost his credibility, Fernández could name someone with a track record in finance to reach out to creditors and the IMF, clearly signalling his commitment to follow through with the fiscal consolidation Macri has put in motion.

by Marc Margolis

ECONOMIC MEASURES

Macri set to announce economic measures to help citizens, firms

14-08-2019 09:29 President set to unveil measures including a boost to child-care benefits, extra tax exemptions for lower-income Argentines, and special conditions for small and medium-sized companies to pay taxes.

PASO FALL-OUT

Alberto Fernández casts doubt over Mercosur's trade deal with European Union

13-08-2019 17:45 Frente de Todos leader questions European Union's trade deal with the South American trade bloc that was signed in June but not yet ratified.

PASO FALL-OUT

Alberto Fernández: 'Two-thirds of the population rejected the government'

13-08-2019 14:39 In a wide-ranging exclusive interview with NET TV, Frente de Todos presidential candidate detailed his views on the economy, Roberto Lavagna, 'la grieta,' his relationship with CFK and Venezuela.

PASO FALL-OUT

Evo Morales: Argentina's PASO vote is a 'rebellion' against IMF

13-08-2019 13:02 Bolivian president describes results of Sunday's vote as "a rebellion of the Argentine people against the economic model of the International Monetary Fund."

ANALYSIS

Macri, Fernández play game of chicken as Argentine markets sink

13-08-2019 12:42 Who’s to blame for the epic Argentina market sell-off over the past two days?

BLOOMBERG

With victory in sight, Alberto Fernández must explain plan for Argentina

13-08-2019 10:28 As opposition candidate continues to blame Macri for Black Monday, investors await the Peronist leader's own economic plan.

BLOOMBERG

YPF bonds hit record low after Fernández-Fernández PASO win

13-08-2019 09:16 Bonds drop amid fears Peronist victory will lead to re-imposition of regulated energy prices.

PASO FALL-OUT

Macri speaks on PASO fall-out: 'Kirchnerismo has no credibility in the world'

12-08-2019 17:13 "We are going to reverse this bad election and we are going to reach the second round," Macri tells reporters in wake of stunning defeat to Peronist candidate Alberto Fernández.

PASOs 2019

Fernández: Macri hasn't called me for years, he's not going to now

12-08-2019 16:31 In comments that raise the spectre of another difficult transition between governments in Argentina, Frente de Todos leader reveals Interior Minister Rogelio Frigerio is the only Juntos por el Cambio figure to have contacted him.

ANALYSIS: PASOs 2019

Macri, Fernández must begin transition of power now

12-08-2019 16:31 Alberto Fernández has still not woken up to the fact that he's the virtual president-elect. When he spoke on Sunday evening, upping the ante to gain even more votes in October, he spoke of "in the next two months." His problem starts now, in the next two days.

by Jorge Fontevecchia

Bloomberg

Markets signal Argentina may be headed for another debt crisis

12-08-2019 15:34 Credit-default swap trading now shows an implied probability that Argentina will suspend debt payments over the next five years at about 75%.

PASO

Lula, Bolsonaro react to PASO vote

12-08-2019 13:35 The jailed former Brazilian president tweeted: "It's necessary to give hope to the people, to bring better days and tend to those who need it most."

Black monday

Black Monday: Peso slumps to 60 per dollar in some banks, MERVAL collapses

12-08-2019 13:18 Central bank ups interest rates to nearly 75 percent as peso and stock market collapse.

ANALYSIS: PASOs 2019

Three lessons from the PASOs

12-08-2019 13:06 The breakdown of the vote in the PASOs was surprisingly steady when compared to the past – it’s the electoral offer that made the difference.

by Marcelo J. Garcia

PASOS 2019

No poll came close to predicting size of Alberto Fernández's victory

12-08-2019 10:34 Even the closest poll from the last week before the PASOs was nine points off from the actual result...

PASOS 2019

Dollar already being sold at 49.50 pesos on Internet

12-08-2019 09:40 Market predictions diverged from the actual votes of Argentines as markets prepare for a post-Cambiemos Argentina.

PASOs 2019

Kicillof asks for 'responsibility' from gov't, as officials huddle at Casa Rosada

12-08-2019 09:37 Government officials meet at Casa Rosada, as Fernández and Kicillof hail Frente de Todos coalition's performance in PASO primaries.

BLOOMBERG

Argentine eurobonds tumble after Macri thrashed in shock PASO vote

12-08-2019 08:20 The peso could lose 25 percent of its value and bonds may slump about 20 percent on the results, according to BTG Pactual Argentina.

PASOs 2019

Province-by-province, how did the Fernández-Macri tickets perform?

12-08-2019 01:35 Frente de Todos presidential candidatescored victories in the overwhelming majority of provinces in Sunday's PASO primaries, with President Macri's coalition performing strongly only in Córdoba and Buenos Aires City.

PASOs 2019

Alberto Fernández: 'We are going to fix what the others have broken'

12-08-2019 00:53 Presidential candidate, fresh from his landslide victory in the primaries, declared Sunday night that "Argentina had realised that change" will arrive in the form of his Frente de Todos coalition.

BLOOMBERG

Fernández landslide likely to prompt sell-off in markets on Monday

12-08-2019 00:06 Results are poised to trigger a market sell-off on Monday as investors come to terms with the possibility that the market-friendly policies adopted by President Macri may be replaced by more interventionist measures.