News of slump

ECONOMIC INDICATORS

Argentina's shrank 2.1% in 2019, reports INDEC

21-02-2020 18:00 Argentina's recession-hit economy shrank by 2.1 percent in 2019, the INDEC national statistics bureau announced Friday.

ECONOMIC INDICATORS

Auto industry decline underlined by 32.5% drop in production in 2019

07-01-2020 09:12 Automobile production fell 32.5% in 2019 in Argentina compared to the previous year, with just 314,787 units manufactured – the sector's lowest level since 2004.

BLOOMBERG

Argentina’s banks cut trading desk jobs after market plunge

05-11-2019 10:17 Banks have been shrinking size of their trading desks in Argentina after the rout sparked by the August 11 PASO primary election.

BLOOMBERG

Investor warns narrow path for Argentina to avoid 'vulture' funds

04-11-2019 08:58 Alberto Fernández risks a repeat of the 2001 debt crisis that led to a messy 15-year legal battle with creditors unless he can quickly restructure US$50 billion of bonds, warns Delta Asset Management's Christian Cavanagh.

BLOOMBERG

Stock and bond trading decimated in once red-hot Argentina

07-10-2019 16:59 Assets under management at local banks and brokerages have plummeted 25% since the primaries. Stock trading has fallen by half, and local bond volume is down by two-thirds.

BLOOMBERG

Hedge funds from Autonomy to Odey tumble on Argentine swoon

26-08-2019 13:54 Autonomy Capital and VR Capital Group saw their gains for the year wiped away after starting August with wagers on Argentina. Famed short seller Crispin Odey and Glen Point Capital also saw losses.

PASO

A question of margins: PASOs to offer reality check

10-08-2019 09:07 Domestic and international observers fear economic backlash, should Alberto Fernández finish more than five points ahead of President Macri and his allies in this weekend’s primaries.

KEY STORIES

June 2nd-8th: What We Learned This Week

08-06-2019 12:26 Stories that caught our eye in the last seven days.

ECONOMIC DOWNTURN

Sharpest monthly drop in industrial activity since 2002 prompts concern

10-11-2018 10:34 INDEC registers ‘unexpected’ 11.5% contraction for September – the biggest fall seen in 16 years. Experts, who were expecting a single-digit decline, express concerns.

by Fermin Koop