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Political turmoil, price freeze cast shadow on Argentina's Vaca Muerta


BUENOS AIRES In late August, amid a sharp plunge in the Argentine peso, global suppliers to oil giant YPF received an unwelcome surprise in their inbox. A four-page notice that dollar contracts would be paid at a set exchange rate, far weaker than the market rate.

Argentina offers subsidy to oil companies, provinces after fuel price freeze

BUENOS AIRES Argentina will offer oil companies and oil-producing provinces a subsidy to compensate for a government imposed fuel price freeze, an official bulletin published on Monday showed.

11:10am EDT

IMF has a decision to make in Argentina: rock or hard place?

BUENOS AIRES The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.

Sep 13 2019

Time to buy? Argentina's bargain basement stocks start to gain appeal

BUENOS AIRES/NEW YORK Argentina's stocks, which crashed last month to multi-year lows, are starting to lure in hardy investors tempted by bargain basement prices, even as the country teeters on the brink of default ahead of a general election next month.

Sep 13 2019

IMF says it remains engaged in Argentina, focuses on stabilizing economy

WASHINGTON The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America's third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.

Sep 12 2019

Argentina announces new round of currency controls amid economic crisis

BUENOS AIRES Argentina's central bank late on Wednesday announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third largest economy.

Sep 11 2019

Crushing it: Argentine farmers cheer China soymeal deal while U.S. growers fret

BUENOS AIRES/CHICAGO Argentine soy farmers and crushers expect a boost in demand next year after the South American grains giant won long-sought approval from China to export soymeal to the world's biggest consumer of the livestock feed.

Sep 11 2019

Graphic: Argentina - From bellwether to emerging outlier

LONDON Argentina's shuddering financial crunch has stirred memories of ripple effects across all emerging markets from prior meltdowns in 2001 and 2014. But the country's woes appeared more ringfenced this time around.

Sep 11 2019

China opens soymeal market to No. 1 exporter Argentina in 'historic' deal

BUENOS AIRES China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer.

Sep 10 2019

Argentina's Fernandez, front-runner for president, walks tightrope between markets and votes

BUENOS AIRES Argentina's presidential front-runner Alberto Fernandez is on a tightrope between the interventionist policies of his better-known running mate Cristina Fernandez de Kirchner and the stumbling free-market reforms of incumbent Mauricio Macri.

Sep 10 2019

Trump says looks like Iran was behind Saudi oil attacks

WASHINGTON/DUBAI U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone. | Video