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International

Jorge Iorio

Argentina inflation spikes sharply despite battle to curb prices

Oct 14 2021

BUENOS AIRES Argentina's inflation rate spiked back up to a higher-than-expected 3.5% in September after months of declines, heaping pressure on the Peronist government as it looks to keep prices down ahead of key midterm elections in November.

UPDATE 2-Argentina makes $1.9 bln payment to IMF amid race for new deal

Sep 22 2021

BUENOS AIRES, Sept 22 Argentina made a near $1.9 billion payment to the International Monetary Fund on Wednesday, two government sources said, as the South American grains producer races to agree a new deal with the lender to revamp the over $40 billion it still owes.

Argentina budget targets 4% growth in 2022, assumes IMF deal

Sep 16 2021

BUENOS AIRES (Reuters) -Argentina's economy is predicted to grow 4% in 2022, while inflation is expected to hit 33%, according to a draft budget released just before midnight on Wednesday that lays out the embattled government's economic roadmap for next year.

UPDATE 3-Argentina draft budget sees 3-4% economic growth in 2022 -government source

Sep 14 2021

BUENOS AIRES, Sept 14 Argentina's draft budget, expected to be unveiled this week, would include plans for economic growth of between 3% and 4% in 2022, a government source told Reuters on Tuesday, slightly lower than targets the government previously flagged.

CORRECTED-REFILE-UPDATE 2-Argentina draft budget sees 3-4% economic growth in 2022 -government source

Sep 14 2021

BUENOS AIRES, Sept 14 Argentina's draft budget, expected to be unveiled this week, will include plans for economic growth of between 3% and 4% in 2022, a government source told Reuters on Tuesday, slightly lower than targets the government previously flagged.

Argentina inflation dips to 2.5%, lowest level in over a year

Sep 14 2021

BUENOS AIRES Argentina's Consumer Price Index rose 2.5% in August, the country's official statistics agency said on Tuesday, the smallest rise in over a year as the government tries to tamp down inflation that has damaged its popularity.

Argentina's annual inflation rate tops 50% as global prices soar

Jul 15 2021

BUENOS AIRES Argentina's consumer prices rose 3.2% in June, in line with analyst forecasts, taking 12-month inflation above 50% for the first time since early last year as the country grapples to bring down runaway inflation that hurts wages and growth.

UPDATE 3-Argentina economy beats forecasts with first-quarter expansion

Jun 23 2021

BUENOS AIRES, June 23 Argentina's economy expanded 2.5% in the first quarter of the year versus the same period in 2020, the country's statistics agency said on Wednesday, edging ahead of analyst forecasts as the country battles to escape a lengthy recession.

UPDATE 2-Argentina inflation undershoots forecasts with 3.3% rise in May

Jun 16 2021

BUENOS AIRES, June 16 Argentina consumer prices rose 3.3% in May versus a month earlier, the country's statistics agency said on Wednesday, undershooting analyst forecasts and giving a small reprieve to the government as it tries to rein in rampant inflation.

Argentina's Guzmán heads to U.S. for crunch IMF debt talks

Mar 17 2021

BUENOS AIRES Argentina's Economy Minister Martin Guzmán will travel to New York on Wednesday night to meet investors before heading to Washington for talks with the International Monetary Fund, a government source said.

World News

First Omicron case in U.S. fuels global alarm over virus variant

TOKYO/WASHINGTON (Reuters) -Fears over the impact of the Omicron variant of the coronavirus rose on Thursday after the first case was reported in the United States and the Japanese central bank warned of economic pain as countries respond with tighter containment measures.