News of markets

Venezuela’s nine-cent bonds lure a distressed-debt veteran

28-12-2022 14:16 Trader raising money to buy defaulted Venezuelan bonds amid signs of easing tensions between President Nicolás Maduro, the political opposition and the United States.

World economy faces more pain in 2023 after a gloomy year

27-12-2022 09:56 International Monetary Fund expects the world economy to expand in 2023, with growth of 2.7%. The OECD is forecasting 2.2% growth.

Brazil protesters block roads, airport as Bolsonaro stays silent

01-11-2022 11:57 Protests led by truck-drivers escalate; Bolsonaro has refused to make any public comment after losing the presidential run-off to Lula by less than two percentage points – the narrowest margin for a presidential election in the country’s modern history.

Qatar and Coldplay: Argentina multiplies its exchange rates

13-10-2022 01:43 The 'dólar Catar' and 'dólar Coldplay' were added to Argentina's exchange control jargon on Wednesday.

Argentine bond rebound stalls as new minister faces a mountain to climb

18-08-2022 16:53 Initial market confidence in Sergio Massa has faltered. New “super” minister must prove he can turn his promises to slow inflation into reality, as debt rebound decelerates.

New Latin American government bonds are rarest find for EM buyers

05-08-2022 22:16 It’s slim pickings for investors seeking fresh sovereign bonds from Latin America as the region’s pipeline of new foreign debt empties faster than in any other pocket of emerging markets.

Argentina’s black market peso sinks on economy minister shake-up

04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.

Argentines seek hedging in crypto after minister resigns

02-07-2022 22:59 Moves on crypto markets could indicate unease over the growing rift within the ruling coalition and concern over the government’s ability to tackle rising inflation and other economic challenges.   

Argentina, always playing on ‘hard mode’

18-06-2022 08:00 Just like during the Mauricio Macri days, a series of external shocks coupled with domestic weakness have made us aware of a troubling thunderstorm on the horizon.

by Agustino Fontevecchia

Nicolás Dujovne: ‘This government’s economic programme is inflationary’

17-06-2022 08:00 Former economy minister Nicolás Dujovne on the Cambiemos administration, the IMF debt deals and Argentina’s ongoing struggle with inflation.

by Jorge Fontevecchia

Argentine traders bail on devaluation bets, buy inflation bonds

19-01-2022 14:53 Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of more than 50 percent.

Blue dollar soars to record high as New Year draws closer

30-12-2021 13:10 Argentina's currency plunged on Wednesday on the parallel market, with the ‘blue’ dollar hitting a record high of 209 pesos, marking a 103 percent gap with the official exchange rate of 108.16 per greenback

Currency turbulence continues: Blue dollar closes at 199

05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.

Pre-election jitters send blue dollar, country risk rate soaring

22-10-2021 21:56 Peso weakens in parallel and informal exchange rates, sending JP Morgan ‘country risk’ rate soaring.

Argentina’s CNV mulls allowing foreign listings on local markets

02-10-2021 07:56 National Securities Commission calls for public consultation to potentially allow foreign issuers to list securities on Argentina's local markets.

Argentina’s bonds sink as president swears in new Cabinet

20-09-2021 15:55 Argentina’s dollar bonds and US-traded equities slid on Monday, with the local benchmark index posting the worst returns among indexes in the Americas.

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.

Argentina tightens capital controls ahead of midterm elections

13-08-2021 14:11 Regulators tighten screws on so-called blue-chip operations, where investors buy assets in pesos and sell them abroad in dollars to obtain foreign currency.

‘Experts in regulated markets’

03-07-2021 23:22 Argentina’s ‘experts in regulated markets’ are making big bets just at the right time.

by Agustino Fontevecchia

Argentina loses emerging market status on FX controls

25-06-2021 01:55 Argentine stocks were cut from emerging market status by index provider MSCI Inc on the country’s continued capital controls.