News of finance

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.

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.

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 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.

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.

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.

‘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.

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.

Further 're-profiling' of maturities in pesos looms, analysts predict

18-02-2020 12:00 Next key date for government be March 6, with A2M2 payments worth about US$1 billion due that day. Government may have to resort to the issue as Martin Guzmán’s credibility is being tested by the markets.

by Mirta Fernandez, Perfil

IMF mission team extends Buenos Aires trip to full week

11-02-2020 08:39 Spokesperson for the International Monetary Fund confirms that mission team will stay full week in Argentina, longer than three days originally planned, with talks over nation's debt burden set to enter crucial stage.

by James Grainger