United Kingdom

Hernan Nessi

Argentine subsidiary of Huobi Group announces plan for $100 million data center

06 Nov 2019

BUENOS AIRES A subsidiary of China's Huobi Group, one of the largest cryptocurrency trading platforms in the world, announced on Wednesday a $100 million investment for the creation of a data center in Argentina.

Argentina economy likely eked out expansion in second quarter: Reuters poll

18 Sep 2019

BUENOS AIRES Argentina's economy is likely to have expanded slightly in the second quarter of the year, a Reuters poll showed, with weak industrial activity and construction weighing on a stronger showing from the country's farm export sector.

IMF to hold weekend meetings in Argentina with advisers for Macri, Fernandez

23 Aug 2019

BUENOS AIRES The International Monetary Fund said on Friday that a team will meet with the economic advisers to Argentina's main presidential contenders, incumbent Mauricio Macri and opposition candidate Alberto Fernandez, to "exchange views."

Argentine presidential front-runner seeks alternatives to austerity: advisers

22 Aug 2019

BUENOS AIRES Economic advisers to Argentina's presidential front-runner and opposition leader Alberto Fernandez said he would seek alternatives to the current administration's austerity measures in a meeting with the new Treasury Minister on Wednesday.

Argentina new economy chief will not allow 'irrational' run on peso

21 Aug 2019

BUENOS AIRES, Aug 21 Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.

IMF to ship $5.4 billion to Argentina under standby loan deal

13 Jul 2019

BUENOS AIRES The International Monetary Fund board said on Friday it would ship $5.4 billion in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.

Early poll in Argentina predicts narrow election win for Macri in runoff

11 Jul 2019

BUENOS AIRES Argentine President Mauricio Macri could edge out his main challenger in the event of an election runoff later this year, according to an opinion poll published on Thursday, one of the first since candidates officially announced their plans to run.

Argentine markets stumble, then recover after election twist

20 May 2019

BUENOS AIRES Argentine markets recovered following an early wobble on Monday as investors grappled with the likely impact of a shock twist in the country's presidential election race after the main populist challenger opted instead to launch a vice presidential bid.

UPDATE 3-Argentina sharply hikes rates to stem peso slide

08 Mar 2019

BUENOS AIRES, March 8 Argentina sharply hiked its key benchmark interest rate on Friday, helping revive the country's peso currency after it had hit a record low against the U.S. dollar the previous day.

Argentina's Macri vetoes bill freezing utility prices

31 May 2018

BUENOS AIRES Argentine President Mauricio Macri on Thursday vetoed a bill passed in the early morning hours by the Senate that would freeze energy and water prices, as political tensions deepen in the economically ailing country.

World News