BLOOMBERG Banco Galicia CEO: Inflation will keep battering banking returns 19-02-2021 12:42 Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
Bloomberg YPF to sell flagship office tower to keep shale dream alive 07-01-2021 15:52 YPF SA plans to sell its iconic office tower in Puerto Madero, which could bring in some US$400 million.
BLOOMBERG Argentina gives Templeton, Pimco chance to trim peso holdings 09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.
EXPROPRIATION OF VICENTIN Fernández annuls DNU ordering intervention into Vicentin 01-08-2020 08:51 President dramatically ditches takeover plan of agro-giant in series of tweets.
Congress Fernández confirms government will impose one-off wealth tax 03-06-2020 15:09 President says the introduction of a capital levy would be a one-off “extraordinary measure." Lawmakers say bill would boost government coffers by between US$2.5 million and US$4 billion.
Bloomberg SoftBank’s Son bets on himself with US$7.4-billion pledge 24-03-2020 18:38 Masayoshi Son’s stake in the Japanese conglomerate has risen to 26.9 percent from 25.5 percent. With SoftBank’s shares gyrating wildly, he also pledged more stock against his holdings.
Bloomberg Brazil's Central Bank will intervene 'as long as needed' to support real 09-03-2020 13:49 The Brazilian Central Bank pledged to support its tumbling currency with all instruments and for as long as needed just as it stepped heavily into the spot market for the first time this year.
BLOOMBERG Investor warns narrow path for Argentina to avoid 'vulture' funds 04-11-2019 08:58 Alberto Fernández risks a repeat of the 2001 debt crisis that led to a messy 15-year legal battle with creditors unless he can quickly restructure US$50 billion of bonds, warns Delta Asset Management's Christian Cavanagh.
BLOOMBERG – ANALYSIS Markets: Dead-cat bounce finally arrives for Argentine markets 15-08-2019 15:08 After a brutal three-day sell-off that saw average yields spike to 21% and an implied probability of default gauge surge above 80% percent, investors finally found prices cheap enough to begin taking risk in the battered credit.
PASO FALL-OUT Argentina assets extend slump as election-fuelled rout deepens 13-08-2019 18:48 One day after the so-called 'Black Monday,' Argentine assets continue to decline. Stocks were the one bright spot, rebounding eight percent.