News of investment

JP Morgan's Aguzin named Hong Kong stock exchange's CEO

09-02-2021 16:54 Argentine-born banker Nicolás Aguzin appointed Hong Kong Stock Exchange's new chief executive, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the financial hub.

YPF DEBT

YPF stuns creditors as nation’s dollars dwindle

23-01-2021 10:15 State energy company’s plan to saddle creditors with losses in a debt exchange leads to frantic unloading of shale driller’s bonds.

LATIN AMERICA

UN: Foreign direct investment in Latin America to fall by up to 55%

02-12-2020 13:39 Foreign direct investment in Latin America will fall by up to 55% in 2020, the UN's regional economic commission said Wednesday.

BLOOMBERG

China’s state grid makes a US$3-billion push into Latin America

13-11-2020 13:53 State Grid Corp of China will pay 2.57 billion euros for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad.

SHALE PLAY

Vaca Muerta gets US$5.1-billion lifeline

24-10-2020 08:48 New subsidy programme hopes to lure US$5 billion of investments and a dozen drill rigs, says Energy Secretary Darío Martinez.

Bloomberg

Guzmán says Argentina mulling changes to tax, social security systems

22-10-2020 01:36 Argentina is considering changes to its tax and social security structures as part of a plan to address economic imbalances, Economy Minister Martín Guzmán reportedly told a group of investors last week.

Energy

Fernández unveils plan to boost production at Vaca Muerta

17-10-2020 08:05 President Alberto Fernández says Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country’s prized Vaca Muerta shale deposits.

Bloomberg

Argentina expands tech companies’ incentives amid recovery push

10-10-2020 20:35 Government expands benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports.

BLOOMBERG – ANALYSIS

Rout in billionaire family's bonds shows no-one trusts Argentina

25-09-2020 11:55 For all of Argentina’s assurances that a round of capital controls announced last week are only temporary, investors are making the opposite bet – and the evidence is there for all to see.

FORMER PRESIDENT RE-EMERGES

Why Macri re-appeared and broke his silence

19-09-2020 10:13 Former president returns to prominence with scathing La Nación column. Sources close to the PRO leader describe his view of Cristina, Alberto and the opposition coalition.

by Ezequiel Spillman

Budget proposal

Fernández's first Budget projects 5.5% growth in 2021

16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.

DEBT RESTRUCTURING

Creditors reiterate support for debt swap

22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.

SINO-ARGENTINE RELATIONS

Alberto Fernández planning 'strategic trip' to China in November

19-08-2020 22:44 Peronist leader eyeing potential trip to Asian powerhouse in November. Multi-billion-dollar agreements and the coronavirus pandemic lead agenda for talks with Argentina's leading trade partner.

by Juan Luis González

Bloomberg

Negative-yielding corporate bonds are all the rage in Argentina

30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.

BLOOMBERG

Moon-shot bets on junk power bond in Argentina bring a windfall

22-07-2020 11:57 Amid a minefield of underperforming and already defaulted debt, notes from power producer MSU Energy are outshining all others.

GLOBAL PANDEMIC

Uruguay rides out Covid threat without imposing a lockdown

04-07-2020 09:30 "Freedom with responsibility" has been the name of the game in Argentina’s small neighbour – the country has less than 1,000 registered cases and less than 30 deaths.

BLOOMBERG - OPINION

Good behaviour won't deliver Argentina from economic pain

03-06-2020 15:50 Argentina deserves debt relief, but also a credible way forward. The country still needs a path to growth, new investment and the prospect of fiscal reasonableness beyond the pandemic – and that is where the road map ends.

by Mac Margolis

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

environment

Uruguay renegotiates US$3-billion pulp plant deal with Finland's UPM

17-05-2020 08:27 Environmentalists have raised concerns over the plant's impact on Uruguay River, while Argentina lost a challenge in the International Court of Justice.

DEBT RESTRUCTURING

Cristina raises stakes for Argentina's crucial talks with IMF

15-02-2020 09:17 Vice-president lays into IMF, as government officials welcome mission team to Argentina.

Bloomberg

Clean energy boom threatened by Argentina’s free-market fizzle

28-01-2020 12:50 Macri-era investment into clean energy along Argentina's Atlantic coast will be difficult to sustain in current economic climate, writes Jonathan Gilbert.

ENERGY

Vaca Muerta waits for Alberto’s calling

16-11-2019 10:00 Vaca Muerta is no longer a dream, but by no means is it the only solution to Argentina’s chronic economic problems.

by Agustino Fontevecchia

Bloomberg

Troubled times in Latin America fail to dull Brazil's sheen

06-11-2019 13:56 For all its political woes and still-stale economy, Brazil is standing out to investors as an unlikely island of stability as trouble brews across Latin America.

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

Alberto Fernández aiming for higher tax take from wealthy individuals

30-09-2019 07:00 “Companies pay taxes, not individual persons. They do not pay for their wealth. And that must be changed,” Fernández said. “So what we have to do is focus on those taxpayers and ask them to help."

UN GENERAL ASSEMBLY

Government confirms Macri will attend UN General Assembly

09-09-2019 14:24 Officials say president will leave for New York on September 21 for meetings with investors ahead of UN event. Macri likely to seek meetings with China's Xi and US President Trump.

BILATERAL RELATIONS

Colombia's Duque searching for trade, investment on trip to Argentina

10-06-2019 00:22 Colombian leader had dinner with President Macri on Sunday night after arriving in Buenos Aires. Monday's activities will be focused on trade and investment opportunities.

BLOOMBERG

Investors seek relief as trade threats rock emerging markets

04-06-2019 13:37 The first major signs that Argentina is recovering from a recession may appear in construction and industrial activity data for April on Wednesday. But amid rising global risks, such as Brazil’s slowdown, the numbers could instead confirm fears of a delayed or weak recovery.