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Luc Cohen

Uber's strongest growth comes in depressed Argentina -- minus commissions

Sep 25 2018

BUENOS AIRES/SAO PAULO Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines. | Video

UPDATE 3-Argentina's central bank chief says 2019 financing assured

Sep 07 2018

BUENOS AIRES, Sept 7 Argentina's central bank chief said on Friday government financing for 2019 "will be more than sufficient" and that the recent sharp depreciation of the country's peso currency will "correct itself quicker than markets believe."

Argentina unveils 'emergency' austerity measures, grain export taxes

Sep 03 2018

BUENOS AIRES Argentine President Mauricio Macri on Monday announced new taxes on exports in the world's third-biggest soy producer and steep cuts to spending in an "emergency" bid to balance next year's budget, as his center-right government aims to persuade the IMF to speed up a $50 billion loan program.

Argentina IMF deal could mean reversal of Macri's grain tax cuts

Sep 03 2018

BUENOS AIRES As Argentina drafts plans to cut its budget deficit to convince nervous investors it can pay its debts, President Mauricio Macri is under increasing pressure to reverse one of his signature policies, cutting farm export taxes. | Video

Investors await new Argentina fiscal plan after peso tumbles

Aug 31 2018

BUENOS AIRES/NEW YORK Aug 31 Investors were looking on Friday for hints of a fiscal package the Argentine government said it would announce next week after dramatic drops in the peso currency, while the opposition called for protests as discontent with President Mauricio Macri grows.

Macri's bid to calm markets backfires, Argentine peso plummets

Aug 30 2018

BUENOS AIRES/NEW YORK Following seven straight days of declines in Argentina's peso, President Mauricio Macri decided to make a rare address to the nation on Wednesday to reassure markets that the South American country had no trouble paying its debts.

Argentina’s economic crisis explained in five charts

Aug 28 2018

BUENOS AIRES - After Argentina’s economy boomed in 2017 and market-friendly President Mauricio Macri’s coalition triumphed at legislative elections last October, economists had rosy expectations for the South American country at the beginning of this year. But a run on the peso currency has shown Argentines and investors that the country’s history of financial volatility is far from over.

PDVSA leaves its Argentine gas station chain to fend for itself

Aug 15 2018

BUENOS AIRES As Venezuela's state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funneled millions of dollars to Petrolera del Conosur , a loss-making Argentine gas station operator it controls.

A bad sign? Argentine companies launch buyback wave

Aug 01 2018

BUENOS AIRES Argentine companies have launched the biggest wave of share buybacks in a decade, a Reuters review of securities filings shows. The firms say the buybacks show faith in their share prices, but some skeptical analysts see a hesitancy to invest that may signal the economy is sliding toward recession.

G20 agriculture ministers slam protectionism, pledge WTO reforms

Jul 28 2018

BUENOS AIRES Agriculture ministers from the G20 countries criticised protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system.

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