News of financial

Cristina sets stage for IMF talks – with a message to the opposition and a memo for Alberto

30-11-2021 16:06 Argentina's vice-president breaks her silence, asking the opposition to accompany negotiations with the International Monetary Fund.

by Rosario Ayerdi

BLOOMBERG

Argentine fintech Ualá buys Mexican bank ABC Capital

05-11-2021 02:07 Argentine financial services startup Ualá has reached an agreement to buy Mexican bank ABC Capital SA, as part of its bid to keep growing abroad.

PANDORA PAPERS LEAK

Chile's opposition accuses President Piñera after Pandora Papers report

06-10-2021 13:01 Opposition lawmakers in Chile said Tuesday they will present a parliamentary charge that could lead to the removal of President Sebastian Piñera following allegations related to the Pandora Papers leak.

PANDORA PAPERS LEAK

Pandora Papers: the latest mega leak on tax-dodging

06-10-2021 09:35 The Pandora Papers leak is the latest – and biggest – to shine a light on tax evasion of the rich and powerful from the whistleblowing International Consortium of Investigative Journalists (ICIJ).

PANDORA PAPERS LEAK

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

05-10-2021 09:25 New leak of nearly 12 million documents from financial services firms shows how elite use tax havens to stash assets worth hundreds of millions of dollars. Number of Argentines appear, including Gianfranco and Mariano Macri, Jaime Durán Barba, Daniel Muñoz, Ángel Di María, Javier Mascherano, Mauricio Pochettino and Zulemita Menem.

PANDORA PAPERS LEAK

World leaders scramble to limit 'Pandora Papers' damage

04-10-2021 13:20 More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the ICIJ media consortium.

PANDORA PAPERS LEAK

Panama law firm heavily implicated in 'Pandora Papers' revelations

04-10-2021 13:01 Prestigious Panamanian law firm was named in the so-called 'Pandora Papers' as implicated in the creation of offshore shell companies meant to hide money in tax havens for more than 160 politicians and public figures.

PANDORA PAPERS

Here are the biggest revelations from the Pandora Papers leak

04-10-2021 10:19 Huge leak of financial records reveals offshore financial assets of dozens of current and former world leaders and hundreds of politicians from Asia and the Middle East to Latin America.

Bloomberg

Argentina’s Ualá valued at US$2.45 billion after financing round

13-08-2021 12:16 Pierpaolo Barbier's Ualá valued at US$2.45 billion in a financing round led by Japanese conglomerate SoftBank Group Corp and Chinese Internet giant Tencent Holdings.

BLOOMBERG

Argentina’s Ualá to buy billionaire Eurnekian’s digital bank

10-04-2021 08:40 Argentine fintech Ualá reached an agreement to buy local billionaire Eduardo Eurnekian’s digital bank Wilobank, according to people with direct knowledge of the matter.

NEW REPORT

Argentines have US$250 billion stashed outside financial system, says INDEC

03-04-2021 08:47 Deposits in bank accounts abroad,safety deposit boxes at home or hidden "under the mattress," shares, bonds all contribute to this total.

OPEN LETTER

Fernández de Kirchner calls for political pact to end Argentina’s currency woes

27-10-2020 00:20 Vice-President Cristina Fernández de Kirchner called Tuesday for a grand political agreement to resolve Argentina’s mounting currency crisis, a move that was mostly met with incredulity among the opposition.

DEBT RESTRUCTURING

Guzmán asks creditors to 'avoid destructive patterns of the past'

03-05-2020 16:20 Economy minister pens column for Britain’s influential ‘Financial Times’ daily, reiterating that Argentina cannot pay more than what’s on the table in US$65-billion debt restructuring deal.

Periodismo Puro / Interview

Listen: Interview with Financial Times' chief economics commentator, Martin Wolf

25-04-2020 20:47 Martin Wolf, chief economics commentator for the Financial Times, discusses the coronavirus pandemic and its economic fall-out in an exclusive interview with Perfil co-founder Jorge Fontevecchia.

by Jorge Fontevecchia

Bloomberg

Argentina in dispute with creditors over debt grace period

02-04-2020 19:44 Argentine authorities are at odds with international bondholders over a proposal for a four-year moratorium on payments to creditors.

Virus panic

After a US$1-trillion wipeout, emerging markets bank on stimulus

02-03-2020 13:22 With the world reeling from one of the biggest risk sell-offs since the 2008 global financial crisis, more coronavirus-fueled declines in emerging markets may only be tempered by the prospect of coordinated central bank action or large fiscal stimulus.

EMERGING MARKETS

Argentine bonds returned 9.6% in February despite virus

28-02-2020 16:49 Argentine bonds lead the way with 9.6% returns among risky sovereign securities of emerging markets in February, thanks to the rate cuts of the Central bank and despite the financial instability caused by Coronavirus.

DEBT NEGOTIATIONS

20%? 35%? Analysts ponder what's an acceptable haircut for bondholders

27-02-2020 07:00 The IMF's support for the government last week won't convince bondholders to accept a larger haircut of Argentina's debt than initially foreseen, according to analysts.

by Mirta Fernandez

Global economic slowdown

Global safety rush sends US yields plunging toward record lows

24-02-2020 15:44 Traders are preparing for the worst as the coronavirus spreads across national borders, stoking fears about its economic impact as US yields fell to their lowest levels since 2016.

BOND PAYMENT DELAY

Further 're-profiling' of maturities in pesos looms, analysts predict

18-02-2020 12:00 Next key date for government be March 6, with A2M2 payments worth about US$1 billion due that day. Government may have to resort to the issue as Martin Guzmán’s credibility is being tested by the markets.

by Mirta Fernandez, Perfil

MARKETS

Argentine bonds fall in reaction to Guzmán’s address to Congress

13-02-2020 13:13 Bonds take a hit in wake of economy minister's comments that a "deep debt restructuring" is on the cards.

RATINGS AGENCY

Fitch lifts Argentina out of restricted default for second time

24-12-2019 07:46 The decision to delay payments on the dollar-denominated Treasury bills, known as Letes, until August 31, 2020, placed the country in a one-day technical default, Fitch said.