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Jorge Otaola

Argentine sub found partially 'imploded' after yearlong search

Nov 17 2018

BUENOS AIRES The Argentine Navy submarine that went missing a year ago off the country's Atlantic Coast was found by a private company involved in what had been a massive search for the vessel and its 44-member crew, the defense ministry said in a news conference on Saturday. | Video

UPDATE 2-Argentina peso slips despite central banker's optimistic messaging

Oct 23 2018

BUENOS AIRES, Oct 23 Argentina's peso slipped on Tuesday, a day after the central bank's new governor reassured the public that its approach to taming the country's rocky economy would be sustainable over the medium term.

Argentina peso gains as short-term interest rates climb

Oct 06 2018

BUENOS AIRES Argentina's peso ended the week stronger while interest rates on short-term central bank notes crept higher, sopping up pesos in the foreign exchange market that might otherwise have scrambled toward safe-haven U.S. dollars. | Video

UPDATE 5-Argentina's peso extends rally on high-yield bond sales

Oct 02 2018

BUENOS AIRES, Oct 2 The Argentine peso rallied for a second straight day on Tuesday after the central bank issued another round of short-term bonds with high interest rates aimed at mopping up liquidity in the thin foreign exchange market, traders said.

Argentina central banker resigns as IMF talks near conclusion

Sep 26 2018

BUENOS AIRES Argentina's central bank governor unexpectedly resigned on Tuesday in the midst of negotiations with the International Monetary Fund, upsetting President Mauricio Macri's efforts to restore investor confidence and sending the peso sliding. | Video

Argentina national strike protests inflation, shuts grains port

Sep 25 2018

BUENOS AIRES Shops across Argentina were shuttered and the streets in the capital, Buenos Aires, were quiet on Tuesday after the country's largest union called a 24-hour strike to protest President Mauricio Macri's handling of the economy, which has been racked by runaway inflation.

UPDATE 2-Argentine peso rises on optimism over IMF deal, challenges remain

Sep 21 2018

BUENOS AIRES, Sept 21 Argentina's peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.

UPDATE 4-Argentine peso strengthens on optimism over IMF talks

Sep 20 2018

BUENOS AIRES, Sept 20 The Argentine peso closed 2.9 percent stronger on Thursday, reflecting investor optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.

Argentina's peso drops 3.5 percent to new record low close

Sep 13 2018

BUENOS AIRES Argentina's peso currency fell 3.51 percent to close at a new record low of 39.9 per U.S. dollar on Thursday, as market confidence ebbs away in Latin America's no.3 economy despite President Mauricio Macri's efforts to reassure investors.

UPDATE 2-Argentine peso dips, central bank keeps key interest rate at 60 pct

Sep 11 2018

BUENOS AIRES, Sept 11 Argentina will maintain its benchmark interest rate at 60 percent until at least December, the central bank said on Tuesday, adding that it would take any measures necessary to control inflation and assure the country will continue meeting its debt obligations.

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