News of markets

Markets react negatively to change of economy minister

04-07-2022 17:30 The peso depreciated sharply against the dollar in the informal market on Monday as investors reacted to the appointment of Silvina Batakis as economy minister.

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.

'Blue dollar' continues to rise amid financial turbulence

28-06-2022 17:46 Parallel dollar quoted at 239 for sale, reaching 242 in some provinces; Country risk soars to record high.

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

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

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.

Argentine stocks bet on government to suffer setbacks in vote

11-11-2021 15:20 Argentine stocks have posted the world's biggest rally this month as investors increase bets that this weekend's midterm elections will strengthen the power of the opposition.

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.

Argentina investors got election wish, then got hammered anyway

04-10-2021 10:01 Argentina’s primary election went just the way investors wanted, but since then bonds have taken a nose dive.

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.

Bonds rally on opposition gains in primary vote

13-09-2021 11:22 Argentine bonds rose on Monday morning after opposition candidates performed better than expected in the PASO primary elections.

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.

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

‘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

What we learned this week: April 25 to May 1

01-05-2021 00:01 Our pick of the stories that caught our eye over the last seven days in Argentina.

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.

Some lessons in elementary Chinese

03-04-2021 08:24 Unfortunately for many millions of people, Argentina has long been programmed to get poorer and the Kirchnerite government is clearly determined to ensure the slide downhill continues.

by James Neilson

Wine sales boosted by pandemic, but vineyards remain wary

03-04-2021 08:02 The coronavirus pandemic has, for the most part, been good for Argentine wine. But vineyards in Mendoza Province are far from celebrating.

'We can't pay' – CFK puts US$45-billion IMF debt talks into doubt

27-03-2021 07:21 With Economy Minister Martín Guzmán in Washington for meetings with IMF staff members, Vice-President Cristina Fernández de Kirchner makes explosive intervention into restructuring talks.

Thirty years on since its founding, Mercosur faces uncertain future

27-03-2021 07:17 Regional bloc celebrates its 30th birthday weakened by differences, with its partners unprepared for post-pandemic world.