News of market

Volatility roars back to Argentina's FX market on commodities drop

27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.

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.

Argentina’s Central Bank raises key rate to 42.5%

18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.

Argentine traders bail on devaluation bets, buy inflation bonds

19-01-2022 14:53 Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of more than 50 percent.

Chile stock market plummets in response to Boric's election win

20-12-2021 11:40 Chilean stock market and peso takes a beating after leftist leader Gabriel Boric is elected the country's youngest-ever president-elect.

Central Bank reserves at the limit as rumours swirl around Argentina

30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'

by Brenda Funes

Chile offers incentives to miners to take on more lithium projects

14-10-2021 22:34 Chile is offering new contracts to tap the world’s biggest reserves of lithium in a effort to reclaim market share as demand for the battery metal surges.

Argentina’s 120-year-old cattle auction is leaving Buenos Aires

10-10-2021 09:30 In late December, the Mercado de Liniers, a sprawling open-air cattle market built in 1901, is slated to hold its final auction in front of what is certain to be a teary-eyed crowd.

In home of Malbec, eyes turn toward idled US$5-billion potash mine

09-09-2021 14:52 Mendoza Province in talks with some of world’s top producers of potash to revive Río Colorado mine.

IMF’s special drawing rights gives boost to Central Bank reserves

23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.

Liniers cattle market: last memory of a rural Buenos Aires

26-07-2021 08:00 Liniers cattle market prepares to close its doors, ahead of move to Cañuelas, after more than a century in Mataderos.

Not even 50% inflation will make Argentina boost interest rates

23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.

Argentines hedge against yet another inflation spiral

15-06-2021 17:46 Amount of money placed in mutual funds that invest in inflation-linked debt in Argentina has leaped 40% in just 30 days, far outstripping any other type of fund.

World Bank forecasts 'modest recovery' for Latin America and Caribbean

09-06-2021 14:51 Latin America and the Caribbean will have "modest economic recoveries" in 2021, the World Bank has warned. Argentina's economy forecast to rebound 6.4% this year.

220,000 registered jobs lost in 2020, concludes study

15-03-2021 15:52 A study by the Ecolatina consultancy firm has found that approximately 220,000 officially registered jobs were lost in Argentina last year as a result of the coronavirus pandemic and ongoing economic crisis.

Guzmán: ‘Austerity is not the way to go’

13-02-2021 09:01 At a talk hosted by Brown University, Argentina’s economy minister says the nation has a “thin corridor through which the economy has to transit,” as speculation grows over debt talks with the International Monetary Fund.

by Jonah Shrock

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.

Economy Ministry takes steps to relieve pressure on currency markets

21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.

Zoom stock surges, market value tops Boeing, Starbucks

01-09-2020 22:26 Zoom's market value is now higher than US$129 billion. The company reported explosive growth during the second quarter as more people paid for subscriptions, giving them more control over virtual meetings.

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.