News of markets

Banco de la Nación wants to sell debt after a 30-year hiatus

Yesterday 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación international capital markets for the first time in three decades.

ECONOMY – ANALYSIS

Pimco, Barings question how soon Argentina can sell bonds again

08-10-2024 13:04 Economy Minister Luis Caputo told investors recently that the government expects to sell bonds abroad again by January 2026. For asset managers, however, that's a long shot.

VENEZUELA ELECTIONS 2024

Venezuela bonds drop on election doubt

29-07-2024 14:14 Venezuela bonds fall after President Nicolás Maduro was declared the winner in an election the opposition vowed to challenge.

MARKETS

Argentina’s biggest foreign exchange, futures markets agree to merge

08-07-2024 16:46 Mercado Abierto Electronico and Matba-Rofex have reportedly agreed to merge into a single exchange, creating Argentina’s largest futures and foreign-exchange market.

MARKETS

President Milei proves boon and curse for Argentine bank stocks

02-07-2024 11:30 Argentine banking stocks in New York are tumbling as the government slashes interest rates and crimps new borrowing.

FOREIGN CURRENCY RESERVES

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.

MARKETS

Argentine bonds, peso tumble as Wall Street gets a reality check

10-06-2024 12:29 Argentine assets are sliding as lawmakers kick back against President Javier Milei’s package of pro-market reforms.

THIRST FOR CURRENCY

Argentines suddenly need pesos after Milei pitched dollarisation

04-06-2024 08:48 More people in Argentina are now selling some of their dollar savings for pesos to make ends meet than those buying greenbacks – the abrupt revival of demand is an unexpected consequence of President Milei's shock-therapy policies.

RELATIONS WITH CHINA

Central Bank chief Bausili among top officials headed to China

18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.

AGRICULTURE & ECONOMY

World’s top fertiliser maker plans exit from Argentina, Chile

13-04-2024 16:59 Nutrien, the world’s largest maker of fertilisers, says it is looking to sell its retail operations in Argentina, Chile and Uruguay.

PONTIFICAL MESSAGE

Pope Francis says state must guarantee ‘social justice’

28-02-2024 22:49 Two weeks after meeting President Milei at Vatican, pontiff contradicts head of state’s views on markets, the state and social justice in a pointed message to a Catholic NGO in Buenos Aires.

MARKETS

Latin America’s quasi-sovereign companies attract bond investors

19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.

BLOOMBERG – ANALYSIS

Milei’s ‘shock therapy’ is suffering a stinging rejection

08-02-2024 13:15 Lawmakers rebuke president’s bill, upending agenda; Milei responds by lashing out at the parties he needs to push through his reforms.

MARKETS

Argentina’s market honeymoon fades as peso pressure builds

05-01-2024 14:35 Investors are anticipating Argentina’s currency to come under increasing pressure weeks after new President Javier Milei devalued it by 54%, a sign that the market is souring on his initial moves.

Bopreal securities sale

Argentina’s first ‘reconstruction’ bond sale to importers flops

29-12-2023 21:35 Central Bank’s first auction to pay down importers’ debts owed to suppliers abroad flopped Thursday as the monetary authority only sold a fraction of the total it had offered.

DOLLARISATION ON THE CARDS?

Argentina still plans to dollarise, Milei’s economy chief says

15-12-2023 09:13 “The objective remains the same — to get to dollarisation,” declares Economy Minister Luis Caputo.

MARKET REACTION

Milei’s shock therapy already leaves investors craving more

13-12-2023 12:05 While investors agree the adjustment outlined is the best — and only — way forward for the troubled nation, they were left wanting some bolder moves, more details and a plan how to implement measures that require congressional support.

MARKETS

Argentina bonds rise to two-year high after Milei debuts shock plan

13-12-2023 11:30 Bonds climb to the highest in two years after President Milei’s government unveils first batch of shock-therapy economic measures.

Bloomberg

Hedge fund rides Argentina gain, says Milei is underestimated

12-12-2023 09:50 Brazilian hedge fund manager Vista Capital says Javer Milei is more "political and sensible that many watchers anticipated."

PRESIDENT MILEI

Argentina rally put to test as challenges await Milei

09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.

DEVALUATION FEARS

Investors bet on 44% peso devaluation after Milei’s debut

06-12-2023 15:05 Investors are preparing for a 44% devaluation of the country’s official exchange rate after Javier Milei’s inauguration.

MARKETS

Argentina's stock market react with optimism to Milei election

21-11-2023 16:58 Stock market opens up by around 20% before easing off to gains of about 14% – strong reaction to election of new president-elect.

ECONOMIC INSTABILITY

Milei’s dollarisation gets first test as Argentine banks re-open

20-11-2023 21:12 Javier Milei couldn’t have hoped for a better reception from investors on his first day as Argentina’s president-elect.

MARKETS

Wall Street welcomes Milei victory but warns of challenges ahead

20-11-2023 14:29 Analysts and investors welcome the prospect of radical change in Argentina but warn about deep challenges facing Javier Milei.

MARKETS

Argentina investors cheer Milei victory, brace for peso sell-off

20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.

ELECTIONS 2023 – MARKETS

After US$24-billion wipeout, Argentina’s bonds face election test

16-11-2023 11:12 Holders of some US$65 billion of sovereign debt — including major investors like Pimco, BlackRock and Fidelity — have seen Argentina's bonds haemorrhage in value since 2020. And they know, if history is any guide, that more losses are likely.

POPULIST PLAYBOOK

Without providing evidence, Milei says he doubts election result

08-11-2023 22:53 Javier Milei alleges “irregularities” in Argentina’s October 22 election during an interview and says they “place the result in doubt.” Libertarian lawmaker provides no detail or evidence for claim to Peruvian writer Jaime Bayly.

BLOOMBERG - ANALYSIS

Massa-Milei run-off is worst-case scenario for bonds

23-10-2023 20:40 A round-up of commentary about what the Argentina's election, the outcome of the vote and what it means for the markets.

MARKETS

Argentina assets brace for sell-off after Massa forces run-off

23-10-2023 08:17 Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.

MARKETS

Here are the assets to watch ahead of Argentina’s presidential election

20-10-2023 07:41 Investors in Argentine assets are bracing for losses ahead of Sunday’s presidential election, with uncertainty high as voters grapple with triple-digit inflation and economic gloom. Here are key assets to watch ahead of the vote.

MARKETS

Argentina ETF sees biggest outflow since 2021 ahead of election

19-10-2023 13:36 An exchange-traded fund that tracks Argentine stocks saw its biggest outflow in more than two years ahead of this weekend’s presidential vote.

BLOOMBERG - ANALYSIS

Anxiety boils over for Argentina’s bond investors ahead of vote

18-10-2023 14:27 Angst is spreading among holders of Argentina’s sovereign bonds, with nearly every scenario in Sunday’s presidential election pointing to further investment losses.

HELP FROM BEIJING

China lets Argentina tap extra US$6.5 billion from swap line

18-10-2023 14:01 Move comes right before Argentina’s presidential election on Sunday as political uncertainty roils markets and the peso’s parallel exchange rate sells off.

MONETARY POLICY

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

Bloomberg

Peso tumbles with dollarisation rush amping up before vote

05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.

THIRST FOR DOLLARS

Argentines’ love of dollars creates a windfall for local brokers

02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.

OIL & GAS

Argentina investors see rally in YPF bonds running out of steam

21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.

DEFAULT ON THE CARDS?

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.

MARKET REACTION

Argentine assets extend sell-off after vote surprise roils markets

15-08-2023 14:05 Argentine assets extend losses as strong support for outsider Javier Milei in a weekend primary vote reverberates through markets.

ELECTION 2023

Free marketeer Milei seen rocking commodities

14-08-2023 20:05 Javier Milei, the libertarian outsider who seized control of the race for Argentina’s Presidency, would shake up the country’s powerhouse commodity industries like none of his rivals.

ELECTION 2023

Vote shock has markets scrambling for Milei clues

14-08-2023 19:54 Wall Street is preparing for a November run-off after Javier Milei won surprisingly strong support in a primary.

FINANCIAL TURBULENCE

Financial turbulence: ‘Dólar blue’ hits 600 per greenback

09-08-2023 21:35 Parallel exchange rate passes psychological barrier of 600 pesos per dollar in lead-up to this weekend’s PASO primaries.

Bloomberg

Massa wins Greylock’s blessing in bid to save Argentina's economy

09-08-2023 14:52 Argentina’s inflation surged under Massa – Greylock sees him as best to save the economy.

MARKETS

CNV securities regulator says investor data hacked, posted online

07-08-2023 08:24 Confidential trading information being passed around on social networks has local market operators in Argentina spooked ahead of next week's primaries.

economy

Brazil is pushing the US out of world’s biggest soybean market

24-07-2023 15:44 China's increasing reliance on Brazilian soybeans during the typical season lull signals a shift away from the US as South America's shippers dominate the market, impacting American farmers and geopolitics.

economy

Brazilian hedge fund Vista makes small Argentina bet ahead of election

13-07-2023 18:44 One of Brazil’s best-performing hedge funds is building a position in Argentina ahead of a presidential election that could result in a regime change.

BLOOMBERG - ANALYSIS

Dollars are so scarce in Argentina that yuan use is at a record

26-06-2023 13:46 Yuan’s share of forex transactions hit record 28% this month; Dollars in short supply amid surging inflation, crop failures.

ANALYSIS

Is it finally time to invest in Argentina, stuck between heaven and hell?

24-06-2023 01:27 From a financial standpoint, Argentina is back in the game. While for years it was considered a global financial pariah, and to a certain extent it still is, investors have sensed opportunity in a country with interesting prospects and massively undervalued assets.

by Agustino Fontevecchia

VACA MUERTA

Massa: Vaca Muerta set for US$500-million Chevron investment

10-06-2023 08:10 Economy Minister Sergio Masssa confirms Chevron Corp will invest up to US$500 million to develop the El Trapial field in the Vaca Muerta deposit.

BUENOS AIRES & BEIJING

China allows Argentina to spend up to US$10 billion of currency swap line

02-06-2023 13:20 Chinese officials approve Argentina tapping up to 70 billion yuan (US$9.89 billion) of currency swap line, double the previous limit, according to a Central Bank statement.

News of markets

Banco de la Nación wants to sell debt after a 30-year hiatus

Pimco, Barings question how soon Argentina can sell bonds again

Venezuela bonds drop on election doubt

Argentina’s biggest foreign exchange, futures markets agree to merge

President Milei proves boon and curse for Argentine bank stocks

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

Argentine bonds, peso tumble as Wall Street gets a reality check

Argentines suddenly need pesos after Milei pitched dollarisation

Central Bank chief Bausili among top officials headed to China

World’s top fertiliser maker plans exit from Argentina, Chile

Pope Francis says state must guarantee ‘social justice’

Latin America’s quasi-sovereign companies attract bond investors

Milei’s ‘shock therapy’ is suffering a stinging rejection

Argentina’s market honeymoon fades as peso pressure builds

Argentina’s first ‘reconstruction’ bond sale to importers flops

Argentina still plans to dollarise, Milei’s economy chief says

Milei’s shock therapy already leaves investors craving more

Argentina bonds rise to two-year high after Milei debuts shock plan

Hedge fund rides Argentina gain, says Milei is underestimated

Argentina rally put to test as challenges await Milei

Investors bet on 44% peso devaluation after Milei’s debut

Argentina's stock market react with optimism to Milei election

Milei’s dollarisation gets first test as Argentine banks re-open

Wall Street welcomes Milei victory but warns of challenges ahead

Argentina investors cheer Milei victory, brace for peso sell-off

After US$24-billion wipeout, Argentina’s bonds face election test

Without providing evidence, Milei says he doubts election result

Massa-Milei run-off is worst-case scenario for bonds

Argentina assets brace for sell-off after Massa forces run-off

Here are the assets to watch ahead of Argentina’s presidential election

Argentina ETF sees biggest outflow since 2021 ahead of election

Anxiety boils over for Argentina’s bond investors ahead of vote

China lets Argentina tap extra US$6.5 billion from swap line

Central Bank likely to hold rate despite inflation spike

Peso tumbles with dollarisation rush amping up before vote

Argentines’ love of dollars creates a windfall for local brokers

Argentina investors see rally in YPF bonds running out of steam

Argentina vote shock leaves investors dreading the next default

Argentine assets extend sell-off after vote surprise roils markets

Free marketeer Milei seen rocking commodities

Vote shock has markets scrambling for Milei clues

Financial turbulence: ‘Dólar blue’ hits 600 per greenback

Massa wins Greylock’s blessing in bid to save Argentina's economy

CNV securities regulator says investor data hacked, posted online

Brazil is pushing the US out of world’s biggest soybean market

Brazilian hedge fund Vista makes small Argentina bet ahead of election

Dollars are so scarce in Argentina that yuan use is at a record

Is it finally time to invest in Argentina, stuck between heaven and hell?

Massa: Vaca Muerta set for US$500-million Chevron investment

China allows Argentina to spend up to US$10 billion of currency swap line

World Bank highlights falling inflation in Argentina but warns of economic decline

Lower house deputies back Milei’s veto of university funding bill

Oil workers strike after death after Vaca Muerta drilling field

Teachers at state universities call 24-hour strike after veto vote

Crypto platform Rainbow Exchange suspends payments in Argentina amid pyramid scheme claims

Florida en alerta máxima: a qué hora llega el huracán Milton y qué peligros se avecinan

La camioneta Dodge Journey que provocó el allanamiento a la casa de la dirigente cercana a Juan Grabois

La Justicia bonaerense tramitará la nulidad de la división de bienes entre Diego Maradona y Claudia Villafañe

Marcos Galperin celebró un "crecimiento de consumo en Argentina" y salieron a responderle

No cesa la polémica: “Los salones de fiestas hemos quedado excluidos del pago de Sadaic y Aadi Capif”