News of finance

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.

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.

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.

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.

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.

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.

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.