News of money

Lázaro Báez sentenced to 12 years in jail for money-laundering

24-02-2021 17:49 Businessman Lázaro Báez, at the centre of a corruption probe involving ex-presidents Cristina Fernández de Kirchner and Néstor Kirchner, was sentenced to 12 years in jail Wednesday on money-laundering charges

Consumers predict inflation will hit 45% this year

30-01-2021 08:00 New survey reveals consumers expect prices to soar over next year; International Monetary Fund cuts Argentina’s growth forecast for 2021, predicting 4.5% rise in GDP this year.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Brazilian senator caught hiding money 'between buttocks'

15-10-2020 19:38 A Brazilian lawmaker has stepped down from his position representing President Jair Bolsonaro’s government and been suspended from the Senate, after police searched his house and found allegedly illegally obtained cash hidden in his underwear.

Brazil's Lula faces new charge of money-laundering

15-09-2020 08:24 Prosecutors in sprawling 'Lava Jato' corruption investigation charge former president with money-laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case.

With a track record of disasters, Argentina and IMF think small

12-09-2020 10:36 It’s only two years since the IMF broke its own credit records by offering Argentina US$57 billion. Now, talks over a new financing programme are beginning anew.

Lázaro Báez granted house arrest but yet to be released

10-07-2020 16:32 Alleged Kirchnerite frontman, who stands accused of raft of corruption offences, granted house arrest by court, prompting angry reaction from his future neighbours. Release will not be until next week at earliest, with row over high bail set as part of condition.

Federer tops list of world's highest-paid athletes, with Messi third

01-06-2020 15:40 Tennis superstar Roger Federer tops Forbes list after earning US$106.3 million before tax in 2019. Argentina skipper Lionel Messi comes in at third with US$104 million, just behind Cristiano Ronaldo.

May 9th-16th: What we learned this week

16-05-2020 09:09 Stories that caught our eye in the last seven days.

Epidemiologists versus economists

09-05-2020 11:01 There are few places in which the habit of assuming that economic policy should be left to would-be ethicists is more firmly entrenched than it is in Argentina.

by James Neilson

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

11-04-2020 10:07 Central Bank chief Miguel Ángel Pesce on the economy, printing money, the coronavirus pandemic and the problems that lie ahead.

by Jorge Fontevecchia

IMF rejects Maduro's bid for emergency US$5-billion loan to fight virus

18-03-2020 10:18 Fund says request can't be considered because there was no clarity among its 189 member states on who it recognises as Venezuela's rightful leader: Nicolás Maduro or Juan Guaidó.

Argentine fighter wins US$1 million – but won't bring prize money home

06-01-2020 09:12 “I’m not going to be so stupid as to take even one dollar back to Argentina,” says Sordi, after winning Professional Fighters League’s light heavyweight title at Madison Square Garden.

Government will continue making payments during debt talks, says Pesce

19-12-2019 07:42 Speaking at event at the American Club, new Central Bank chief says government wants to continue making debt payments while it renegotiates with creditors in the coming months.

UN warns it may default on salaries by November

09-10-2019 11:35 Argentina among countries that have yet to pay their 2019 dues, says UN Secretary General António Guterres, as he warns of a cash crisis.

Peru President Vizcarra dissolves Congress, calls fresh elections

01-10-2019 09:18 Peru lurches into new period of political uncertainty after Martín Vizcarra dissolves opposition-controlled congress and calls new elections in anti-corruption row.

Lionel Messi is sports world's highest earner, says Forbes

11-06-2019 16:11 Barcelona and Argentina star Messi dethroned retired boxer Floyd Mayweather as the sports world's highest earner on magazine's annual rich list, raking in US$127 million via salary and endorsement deals.

A common Brazil-Argentina currency? A 'distant mirage' for now

10-06-2019 09:09 Worried about possible noise caused by the discussion, Brazil’s Central Bank issued a statement late at night on Thursday denying there are ongoing plans or even studies for a monetary union with Argentina.