News of finance

Pope urges more regulation of financial markets

04-05-2021 14:26 Pope Francis called Tuesday for tougher regulation of financial markets in a video message published through his Worldwide Prayer Network.

International Monetary Fund

Alejandro Werner, IMF director for Americas, to retire

28-04-2021 17:37 Alejandro Werner, director of the Western Hemisphere Department of the International Monetary Fund, to retire in August.

BLOOMBERG

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

DEBT RELIEF

Mexico, Argentina urge debt relief for middle-income nations

08-04-2021 11:36 Mexico and Argentina call for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic; IMF open to doing more to support nations hit hard by virus crisis.

IMF DEBT TALKS

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.

BLOOMBERG

Argentine banks ask for some relief after worst year since 2007

27-03-2021 08:34 After posting their worst returns in 13 years, nation’s banks are blaming part of their losses on government’s pandemic measures and asking the Central Bank for help.

IMF DEBT TALKS

IMF: Argentine team expected to hold loan talks in mid-March

25-02-2021 18:22 Economy Minister Martín Guzmán will visit Washington in mid-March, confirms IMF spokesperson Gerry Rice.

BLOOMBERG

IMF’s woes in Latin America set to grow after Ecuador vote

09-02-2021 17:01 IMF risks having to renegotiate its second multi-billion dollar loan in Latin America in as many years following Ecuador’s presidential election.

IMF DEBT TALKS

IMF official: Argentina deal by May is an ambitious timeline

08-02-2021 22:11 IMF Western Hemisphere Director Alejandro Werner says May target for new financing programme is "clearly ambitious," though not "unviable."

IMF DEBT TALKS

President Fernández holds talks with IMF chief Georgieva

22-01-2021 02:25 The government is hoping to renegotiate repayments on a US$44-billion loan granted to the Mauricio Macri administration by the Fund in 2018.

IMF DEBT TALKS

Guzmán expects new program with IMF in March or April 2021

10-12-2020 02:11 Economy Minister Martín Guzmán says talks with the IMF will still "take a while," hinting a deal would be likely in March or April next year.

economy

Government officials to meet IMF in Washington in 'coming days'

04-12-2020 13:07 Government officials will meet with staff from the International Monetary Fund (IMF) soon to continue talks on a new aid programme, a Fund spokesman said Thursday.

IMF DEBT TALKS

IMF and Argentina making 'good progress' on new financing plan

22-11-2020 15:13 IMF mission team ends visit to Buenos Aires, saying that talks over a new financing plan are progressing well, with the two sides beginning to “delineate the contours” of a new deal.

IMF DEBT TALKS

Peronist senators amp up rhetoric with scathing letter to IMF chief

16-11-2020 18:05 With government in talks over new financing programme, senators from ruling Frente de Todos coalition fire off letter to IMF chief Kristialina Georgieva demanding organisation “refrain from conditioning economic policy.”

BLOOMBERG

Argentina hikes rates after prices surge past expectations

12-11-2020 23:56 Central Bank hikes interest rates after October inflation report showed consumer prices surged at the fastest pace this year.

IMF DEBT TALKS

Argentina will ask IMF for Extended Fund Facility programme, says Guzmán

09-11-2020 21:55 Government will ask IMF for an Extended Fund Facility (EFF) programme as part of the government's efforts to delay repayments on the US$44 billion it owes, Economy Minister Martin Guzman confirms.

IMF DEBT TALKS

IMF to launch talks with Argentina over new loan next week

06-11-2020 18:27 IMF confirms mission team will arrive in Argentina to start talks with the government over a new financing programme next week.

BLOOMBERG

As devaluation talk swirls, Argentine traders rush into new bond

02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.

BLOOMBERG

Argentina can avoid a devaluation, says Domingo Cavallo

30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.

BLOOMBERG

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Business departure?

French multinational Danone announces strategic review of activities in Argentina

19-10-2020 09:43 French food multinational Danone plans biggest shake-up in years with portfolio review; changes could involve sale of Vega protein powder brand as well as a unit in Argentina.

TALKS OVER IMF PROGRAMME

IMF: Argentina needs 'credible' plan to overcome crisis

14-10-2020 15:00 Argentina's "top priority ought to be to put in place a credible and comprehensive economic agenda that balances supporting the economy and people," says IMF chief Kristalina Georgieva.

Financial turmoil

Fernández: Currency market is messy, it needs order

11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”

BLOOMBERG

Argentina’s currency woes show no sign of easing

10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.

SENATE ADDRESS

Cafiero confirms government wants to postpone IMF debt repayments

07-10-2020 17:56 In address to Senate, Cabinet Chief Santiago Cafiero confirms government will ask the International Monetary Fund to postpone scheduled repayments on a US$44-billion loan.

IMF TEAM IN TOWN

IMF vows not to put 'pressure' on Argentina over loan

07-10-2020 00:52 Kristalina Georgieva says IMF has "no intention of putting pressure on Argentina at this time," as negotiators from Fund arrive in Buenos Aires for talks.

IMF DEBT TALKS

IMF team arrives in Argentina with Fernández seeking deal ASAP

05-10-2020 10:07 President Alberto Fernández says he’s seeking an agreement with Fund “as soon as possible,” in order to "clear up any doubts.”

Economic policy

Government cuts reduces key export taxes for agriculture, mining

02-10-2020 11:09 Government to reduce export taxes on several key commodities over the next three months, in an effort to boost dollar inflows as Central Bank reserves decline.

BLOOMBERG

Billionaire-backed Argentine fintech Ualá launches in Mexico

29-09-2020 15:30 Ualá, the mobile payments startup backed by heavyweight billionaire investors George Soros and Steve Cohen, expands beyond Argentina into Mexico.

New financing programme

IMF says it will send mission team to Argentina in October

24-09-2020 18:50 IMF says a mission team will visit Argentina at the start of next month, as talks over a new financing programme begin in earnest.

Bloomberg

Argentina won’t seek fresh IMF funding in upcoming talks

27-08-2020 22:48 Argentina's representative to IMF, Sergio Chodos, says country won't seek fresh funding during talks over new financing programme.

IMF DEBT TALKS

Government formally opens debt rescheduling talks with IMF

27-08-2020 02:30 Government formally opens talks with IMF over new terms for repayment of record US$57-billion bailout agreed in 2018 by Macri administration.

ECONOMIC POLICY

Central Bank optimistic over post-bond swap future

25-08-2020 19:20 Central Bank Governor Miguel Ángel Pesce says closure of the debt swap deal would relieve pressures on exchange markets and improve economic expectations.

World News

Ex-Spanish king flees to United Arab Emirates amid scandal

17-08-2020 12:02 Whereabouts of former king Juan Carlos I of Spain had been unknown for two weeks.

CORRUPTION SCANDAL

Mexico: Odebrecht allegedly paid for slick 2012 campaign

12-08-2020 13:41 Mexicans were inundated by a slick, expensive ad campaign on behalf of Enrique Peña Nieto for the 2012 election. Prosecutors now say it was funded by Odebrecht, the Brazilian construction giant linked to widespread corruption in Latin America.

Bloomberg

Investing legend uses distressed debt to hunt for next Messi

24-07-2020 15:26 Martin Schubert, the pioneer of emerging-market debt swaps, is searching for the next Lionel Messi though an out-of-the-box trade combining distressed notes and sports.

G20 MEET

Argentina asks for help as Saudi hosts G20 virtual talks on virus recovery, debt crisis

18-07-2020 07:00 Foreign Minister Felipe Solá says he will urge the G20 to set up a global "solidarity-based fund" to address the increase in poverty in virus-battered countries.

Videoconference

Latin American leaders ask IMF, IDB, World Bank officials for support

25-06-2020 01:34 Presidents of nine Latin American nations ask International Monetary Fund, World Bank and the Inter-American Development Bank for support during virus crisis, including restructuring of debt.

DEBT RESTRUCTURING

IMF backs Argentina's debt offer, saying only 'limited scope' to improve it

01-06-2020 15:21 IMF makes another public push to support the government’s debt restructuring offer, saying there's here’s little room to further increase payments to private creditors.

BLOOMBERG

Argentina would ease currency controls if debt talks are successful

29-05-2020 14:56 Central Bank leaders implemented new controls Thursday night, restricting companies’ access to the foreign exchange market to pay for obligations overseas in dollars or other currencies.

DEBT RESTRUCTURING TALKS

Argentina aiming to sign new IMF programme in 2020, says Guzmán

28-05-2020 23:30 "It is something that is going to happen in the course of 2020," says Economy Minister Martín Guzmán.

DEBTORS & CREDITORS

IMF ‘stands ready to help Argentina’ through ‘difficult times’ ahead

09-05-2020 07:57 Fund spokesperson Gerry Rice ‘hopeful’ deal can be reached with creditors to avoid default.

Bloomberg - Opinion

Helicopter money won’t ease Latin America’s pandemic pain

08-05-2020 09:25 Along with Covid-19, a fever of wonkery has broken out over how to reverse the collective economic contraction and to carry on once the health emergency has passed. As the worst of the pandemic is yet to come.

by Mac Margolis

Bloomberg

Peru’s 35-year-old finance minister is suddenly a rock star

04-05-2020 13:49 Everyone calls her Toni. Mothers take selfies of her with their children, and street hawkers push bracelets into her hand as presents. TV networks vie for interviews and run profiles asking, “Who is Maria Antonieta Alva?”

Pandemic fight

‘Homeland tax’ plan proposed to finance fight against coronavirus

08-04-2020 08:38 Unionist wing of Frente de Todos coalition proposes one-time levy for Argentines who have assets of more than 10 million pesos in bid to boost coffers for fight against coronavirus. Government does not support move at present.

Bloomberg

WeWork in crisis: ‘Workplaces will never be the same after this’

25-03-2020 19:32 WeWork’s strategy consisted in packing the most people in the less space possible to maximise revenue from each co-working office. Now, this approach seems obsolete with the Covid-19 pandemic.

Bloomberg

US$100 billion of debt from emerging-markets is now distressed

19-03-2020 18:47 The bonds of emerging-market nations are entering distressed territory at an alarming rate as the soaring dollar raises the prospect of government defaults.

Bloomberg

Central Bank to pause run of rate cuts

12-03-2020 22:33 Central Bank plans to keep its policy rate unchanged, as it weighs the impact of sell-off on world markets.

BLOOMBERG

New investment: the latest victims of Coronavirus pandemic

12-03-2020 17:48 The fast-spreading coronavirus that has killed thousands, derailed financial markets and shattered global growth expectations could be about to claim another victim: new investment.

DEBT RESTRUCTURING

Government proposes US$69-billion debt restructuring plan

10-03-2020 08:15 With Decree 250/2020, government confirms proposal to restructure US$69 billion of public debt.

News of finance

Pope urges more regulation of financial markets

Alejandro Werner, IMF director for Americas, to retire

Argentina’s peso mess is delivering windfall profits to brokers

Mexico, Argentina urge debt relief for middle-income nations

President Fernández calls to extend IMF payment period

Argentine banks ask for some relief after worst year since 2007

IMF: Argentine team expected to hold loan talks in mid-March

IMF’s woes in Latin America set to grow after Ecuador vote

IMF official: Argentina deal by May is an ambitious timeline

President Fernández holds talks with IMF chief Georgieva

Guzmán expects new program with IMF in March or April 2021

Government officials to meet IMF in Washington in 'coming days'

IMF and Argentina making 'good progress' on new financing plan

Peronist senators amp up rhetoric with scathing letter to IMF chief

Argentina hikes rates after prices surge past expectations

Argentina will ask IMF for Extended Fund Facility programme, says Guzmán

IMF to launch talks with Argentina over new loan next week

As devaluation talk swirls, Argentine traders rush into new bond

Argentina can avoid a devaluation, says Domingo Cavallo

Creditors blast Argentina for post-restructuring bond blow-up

French multinational Danone announces strategic review of activities in Argentina

IMF: Argentina needs 'credible' plan to overcome crisis

Fernández: Currency market is messy, it needs order

Argentina’s currency woes show no sign of easing

Cafiero confirms government wants to postpone IMF debt repayments

IMF vows not to put 'pressure' on Argentina over loan

IMF team arrives in Argentina with Fernández seeking deal ASAP

Government cuts reduces key export taxes for agriculture, mining

Billionaire-backed Argentine fintech Ualá launches in Mexico

IMF says it will send mission team to Argentina in October

Argentina won’t seek fresh IMF funding in upcoming talks

Government formally opens debt rescheduling talks with IMF

Central Bank optimistic over post-bond swap future

Ex-Spanish king flees to United Arab Emirates amid scandal

Mexico: Odebrecht allegedly paid for slick 2012 campaign

Investing legend uses distressed debt to hunt for next Messi

Argentina asks for help as Saudi hosts G20 virtual talks on virus recovery, debt crisis

Latin American leaders ask IMF, IDB, World Bank officials for support

IMF backs Argentina's debt offer, saying only 'limited scope' to improve it

Argentina would ease currency controls if debt talks are successful

Argentina aiming to sign new IMF programme in 2020, says Guzmán

IMF ‘stands ready to help Argentina’ through ‘difficult times’ ahead

Helicopter money won’t ease Latin America’s pandemic pain

Peru’s 35-year-old finance minister is suddenly a rock star

‘Homeland tax’ plan proposed to finance fight against coronavirus

WeWork in crisis: ‘Workplaces will never be the same after this’

US$100 billion of debt from emerging-markets is now distressed

Central Bank to pause run of rate cuts

New investment: the latest victims of Coronavirus pandemic

Government proposes US$69-billion debt restructuring plan

Government to suspend beef exports for at least 30 days

Beef only for Argentines, government says after halting exports

Fernández defends 30-day suspension of beef exports

Argentina orders Facebook to suspend WhatsApp data sharing

Covid outbreak threatens River Plate's Libertadores game

Irrumpieron en un acto de Gustavo Bordet por Zoom con imágenes de sexo explícito

Guillermo Moreno: "Si Alberto Fernández no hace lo que hizo Kirchner termina como Alfonsín"

La reina Máxima cumple 50 años: de Argentina a Holanda en fotos históricas | Perfil

Cristina, Alberto, la oposición y las elecciones: participá del streaming de Jorge Fontevecchia

Rodríguez Larreta esperará 48 horas más para analizar datos: qué restricciones analiza