News of investors

Latin America’s policy-makers warn investors of long fight against inflation

17-04-2023 17:08 Battle against inflation will take longer than expected, the region top economic authorities said at IMF Spring Meetings.

ECONOMIC OUTLOOK

Moody's forecasts 1.5% contraction for Argentina's economy

12-04-2023 13:46 Ratings agency Moody's Investors Service warns of impact of drought on Argentina's economy and predicts inflation will rise to 107% this calendar year.

COURT RULINGS

Billions in legal losses are set to push Argentina closer to the brink

05-04-2023 18:01 A pair of back-to-back court losses stand to push Argentina’s already precarious finances to the brink.

Bloomberg

Government wants to swap public sector local debt for 2026 bonds

21-03-2023 13:10 Officials want to sell new bonds maturing in 2026 and 2027, lengthening the sovereign debt maturity curve as a way of sending a signal to the private sector to also extend their maturities.

DEBT SWAP

Argentina looks to buy time on US$37 billion of maturing debt

09-03-2023 13:27 Argentina is expert at buying itself time to pay off debt that’s coming due, and on Thursday it plans to use its hard-earned skills to delay bond repayments of an estimated US $37 billion until after a presidential election.

BLOOMBERG - OPINION

Eduardo Porter: Why Wall Street should like Latin America’s left

08-02-2023 09:22 The Latin American left does a better job than the right delivering on one of Wall Street’s favourite metrics: stock market returns.

Debt bond buyback

What’s a default? Argentina’s debt buyback splits S&P, Moody’s

27-01-2023 14:35 The world’s most-watched credit assessors are split after Moody’s Investors Service classified Argentina's plan to repurchase its debt in the open market as a distressed exchange.

BOND BUYBACK

Argentina’s bond buyback plan sets off Moody’s default alarm

26-01-2023 15:10 Plan to repurchase US$1 billion of overseas bonds meets the definition for a default, according to Moody’s.

Bloomberg

Argentina must avoid ‘hot money’ pitfall, top economist says

28-12-2022 18:17 Influential Carlos Melconian details recommendations he is drafting for a more business-friendly government to enact following the 2023 elections.

MARKETS

Latin America debt set for a comeback as politics give a break

12-12-2022 09:59 Dollar-denominated debt from Latin American governments and companies has handed investors returns of more than 10% so far this quarter, outperforming all other regions in an emerging-market index.

BRAZIL ELECTION 2022

Brazil's business sector still supports Bolsonaro, but with reservations

27-09-2022 15:12 Elected in 2018 on a promise to reduce state intervention, far-right stayed true to his word with a series of policies favouring business – but support is not unanimous.

Bloomberg

Lula has big Petrobras plans that would undo privatisation push

26-09-2022 14:39 Next week’s elections in Brazil pose a challenge to Petrobras investors: Lula has vowed to use the company as a vehicle for national development, but Jair Bolsonaro is proposing the complete opposite.

Bloomberg

Argentina approves Ualá’s purchase of Eurnekian’s Wilobank

10-06-2022 08:30 Argentina’s Central Bank has approved fintech Ualá’s purchase of billionaire Eduardo Eurnekian’s digital bank Wilobank.

BLOOMBERG

Hunt for lithium sparks frantic rush into Argentina's mountains

24-05-2022 13:20 Looming shortage of lithium, key for electric vehicles, gives Argentina a chance to become a mining mecca.

FOOTBALL IN SOUTH AMERICA

Brazilian football clubs open doors to foreign investors

17-05-2022 10:45 After a century operating as non-profit associations, Brazilian clubs have started transforming their business models.

BLOOMBERG

Bond chaos in Argentina sparks traders’ rush to provincial notes

25-04-2022 15:36 Investors are snapping up securities issued by the provinces of Córdoba, Neuquén, Mendoza and Chubut, turning them into the nation’s top performers this month.

BLOOMBERG

Ualá founder raises US$30 million for LatAm venture capital fund

18-04-2022 15:13 Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.

BLOOMBERG

YPF leads emerging-market bond gains

31-03-2022 13:29 Only 14 months ago YPF was a nightmare for investors. Now, the state-run oil company is producing the best fixed-income returns in all of emerging markets.

BLOOMBERG

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

Bloomberg

Rio Tinto buys US$825-million lithium project in battery push

21-12-2021 18:24 Rio Tinto Group agrees to buy a lithium mine in Argentina for US$825 million as the world’s second-biggest miner accelerates its push into battery materials.

Bloomberg

Jujuy Province is in talks for new lithium projects

07-12-2021 08:32 Jujuy Province is in talks with four potential global partners to develop new brine deposits, with at least one interested in electric vehicles.

BLOOMBERG

Argentine warrants more than double after ruling favours Aurelius

03-12-2021 01:27 US court rules Argentina will be required to show how it calculated statistics at the centre of a legal battle between the country and hedge fund Aurelius Capital Management LP.

BLOOMBERG

Argentine stocks bet on government to suffer setbacks in vote

11-11-2021 15:20 Argentine stocks have posted the world's biggest rally this month as investors increase bets that this weekend's midterm elections will strengthen the power of the opposition.

ECONOMY

Argentina bets on natural gas despite climate commitments

01-11-2021 08:00 Alberto Fernández’s government wants to significantly expand Argentina’s pipeline network after sharp growth in natural gas production in Vaca Muerta.

by Javier Lewkowicz, Diálogo Chino

BLOOMBERG – ANALYSIS

Argentina investors got election wish, then got hammered anyway

04-10-2021 10:01 Argentina’s primary election went just the way investors wanted, but since then bonds have taken a nose dive.

BLOOMBERG – ANALYSIS

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

BLOOMBERG

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.