Edition:
United States

Jorge Otaola

UPDATE 2-Argentine bonds dip as debt talks impasse raises deal risk

Jul 28 2020

BUENOS AIRES, July 28 Argentine over-the-counter bonds fell an average 0.9% on Tuesday amid concerns about an impasse between the government and its international creditors who are racing to restructure around $65 billion in debt that has become unsustainable.

Argentina's government sends debt bill to Congress to solve crisis

Jan 21 2020

BUENOS AIRES Argentina's new government is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.

Argentina sets floor under peso as reserves dwindle

Oct 31 2019

BUENOS AIRES Argentina's central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.

Argentine peso closes stronger after Macri, Fernandez have 'good dialogue'

Oct 28 2019

BUENOS AIRES Argentina's peso closed stronger on Monday and its black market counterpart reversed course after hitting a record low in a day of tempered market reaction on the heels of victory by Peronist presidential candidate Alberto Fernandez in Sunday's election.

Argentine peso closes stronger after Macri, Fernandez have 'good dialogue'

Oct 28 2019

BUENOS AIRES Argentina's peso closed stronger on Monday and its black market counterpart reversed course after hitting a record low in a day of tempered market reaction on the heels of victory by Peronist presidential candidate Alberto Fernandez in Sunday's election.

Argentine central bank intervenes heavily ahead of election; peso drops anyway

Oct 24 2019

BUENOS AIRES Argentina's battered peso weakened another 1.34% on Thursday, even after the central bank sold $346 million in reserves to ease its fall three days ahead of a presidential election that has increased uncertainty over the inflation-racked economy.

UPDATE 1-Argentine bonds rise after government unveils debt revamp framework

Sep 20 2019

BUENOS AIRES, Sept 20 Argentine bond prices rose and risk spreads tightened on Friday after the government submitted a debt renegotiation framework bill to Congress the night before, lending some clarity to how Argentina will respond to its latest financial crisis.

Argentine forex reserves hit lowest level since end-2018 amid dollar leak

Sep 17 2019

BUENOS AIRES Argentina's foreign currency reserves have hit their lowest level since the end of last year, the most recent central bank data showed on Tuesday, at a time when the government has been burning through its dollars to help shore up the peso.

'Fictitious calm': Argentine controls steady markets, but more uncertainty lies ahead

Sep 06 2019

BUENOS AIRES/NEW YORK Argentine markets ended the week on a high after capital controls helped arrest a sharp plunge in the peso currency and local bond prices, but investors said the outlook remained shaky amid swirling political and financial uncertainty.

Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady

Sep 05 2019

BUENOS AIRES/MADRID Argentina's likely next president, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

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