News of finance

Argentina to offer new liquidity Treasury notes called Lelites

07-10-2021 21:41 Economy Ministry announces it will offer new Treasury liquidity bills called Lelites.

Chile's opposition accuses President Piñera after Pandora Papers report

06-10-2021 13:01 Opposition lawmakers in Chile said Tuesday they will present a parliamentary charge that could lead to the removal of President Sebastian Piñera following allegations related to the Pandora Papers leak.

Argentine bonds, stocks gain after vote signals change ahead

13-09-2021 21:00 Prices for the government’s most traded dollar-denominated bond jumped almost four percent to the highest since January, while the cost to insure its debt against default fell to a three-week low. The Global X MSCI Argentina exchange-traded fund added 2.2 percent. 

The problem with Latin America’s rate hikes: they barely work

09-09-2021 14:25 From Brazil to Mexico, banks tighten faster than global peers; Unstable politics and off-the-books economies limit the impact

Desperately looking for an exit

14-08-2021 07:27 Though representatives of both sides are only too happy to tell us how much they detest their adversaries, they show little interest in examining their own record.

by James Neilson

The Argentine river that carries soybeans to world is drying up

06-08-2021 11:22 Key waterway’s troubles deepen strains on nation’s recovery; Falling export values, rising energy imports chip away at peso.

Government speeds up money printing ahead of election

28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.

Mightier than the dollar

24-07-2021 00:34 The successive fates of the austral and convertibility would suggest that Argentina’s currency is like Icarus – the closer it flies to the sun, the harder the economy crashes.

by Michael Soltys

El Salvador first country to approve bitcoin as legal tender

09-06-2021 09:33 Lawmakers in El Salvador approve bill that will eventually allow digital currency to be used for many aspects of daily life, from property purchases to tax contributions.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.