DEBT SWAP OFFER Argentina's officials, analysts disagree on results of debt swap 12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.
DEBT SWAP Government swaps US$21.7 billion of debt, easing default fear 09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.
DEBT SWAP Argentina to swap peso debt to ease US$35-billion default fear 07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.
DEBT SWAP Argentina to offer local debt swap to ease default fears 06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.
FINANCE & LENDING Credit agencies disbursed a record amount to Argentina in 2022 10-02-2023 11:26 More than US$5 billion in funds were transferred to Argentina last year from multilateral lenders, declared Economy Ministry in new report.
Bloomberg Banks need more vault space to store piles of pesos 19-01-2023 03:02 Peso bills are depreciating so quickly that banks are running out of space to store bank notes.
BLOOMBERG Ghost banks limp along in Argentina, staying open as costly ATMs 10-01-2023 17:44 Ghost branches — no longer serving clients who require anything beyond an ATM, but not technically closed — have become a common sight in Argentina. As customers increasingly do their banking via smartphone apps and online, providers are pushing to close physical locations. But regulators won’t let them.
US-ARGENTINA RELATIONS Massa seals tax info exchange deal with United States 06-12-2022 22:29 Argentina’s Economy Minister Sergio Massa wins over Washington and signs an agreement with US Ambassador Marc Stanley guaranteeing the exchange of tax information from Internal Revenue Service.
INTERVIEW Todesca Bocco, Argentina's candidate for IDB chief, calls for its ‘transformation’ 17-11-2022 16:17 Cecilia Todesca Bocco, Argentina's Secretary for International Economic Relations and candidate for the presidency of the Inter-American Development Bank (IDB), outlines her vision for the institution.
Deposit decline Argentines withdraw US$1 billion from bank accounts amid turmoil 23-08-2022 21:23 More than US$1 billion of dollar deposits have been withdrawn since former economy minister Martín Guzmán resigned in July.
BLOOMBERG Two local banks allow customers to buy cryptocurrencies 03-05-2022 12:51 Banco Galicia, the country’s largest private bank by market value, and digital bank Brubank SAU will allow their customers to purchase crypto including Bitcoin, Ether and USDC starting Monday.
WELFARE & POVERTY Millions relying on food banks and soup kitchens as prices surge 29-04-2022 14:51 More than four million people depend on food banks and soup kitchens to eat in Argentina, and although the country has a well-oiled welfare network, the fight against high prices is tough and uncompromising.
Mining Report: Mining firms targeting Brazil protected indigenous lands 23-02-2022 13:04 Major mining companies are seeking to expand to currently protected indigenous lands in the Amazon rainforest, bolstered by billions of dollars in financing from international banks and investment firms
Bloomberg The carry trade is minting big returns in Latin America again 09-02-2022 15:32 The carry trade is roaring back in Latin America, home to some of the world’s most aggressive inflation-fighting central banks.
BLOOMBERG Inflation is raging everywhere, but it’s worst in Latin America 23-11-2021 13:57 Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America.
BLOOMBERG Argentina says banks must maintain USD position through end November 05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.
BLOOMBERG Interest rates aren’t the only weapon in global inflation fight 01-11-2021 09:00 As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.
BLOOMBERG Fintech firms get more time to claim tax exemption 30-09-2021 14:24 AFIP to give fintech firms more time to register and obtain a tax benefit after a flood of applications.
IMF DEBT TALKS Argentina made US$1.9-billion IMF payment amid election fallout 22-09-2021 14:26 Argentina transferred the International Monetary Fund US$1.88 billion Wednesday, complying with the first principal payment of record bailout.
BLOOMBERG – ANALYSIS The problem with Latin America’s rate hikes: they barely work 09-09-2021 14:25 From Brazil to Mexico, banks tighten faster than global peers; Unstable politics and off-the-books economies limit the impact
Bloomberg Argentina’s Central Bank move raises concern of higher inflation 28-05-2021 16:22 A measure allowing Argentina’s commercial banks to move part of their reserve requirements from Central Bank notes to treasury bonds is raising concerns about inflation and the financial system’s health.
BLOOMBERG Argentina’s peso mess is delivering windfall profits to brokers 14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.
Bloomberg Buenos Aires bankers’ return to office imperiled by Covid surge 07-04-2021 17:07 Several of Argentina’s largest banks succeeded at getting more employees back to headquarters as the virus toll abated in South America’s second-biggest economy. A rising case count now puts that path into question.