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United Kingdom

Jorge Otaola

Argentina currency crackdown dims investor hopes of economic rebound

7:57am BST

BUENOS AIRES Argentina's standing in global markets is at risk once again after it moved this week to further restrict access to dollars as foreign reserves dry, a move analysts say will hit its much-needed economic revival and investor sentiment.

UPDATE 1-Argentina debt deal opens door for $13 bln provincial revamp

12 Sep 2020

BUENOS AIRES, Sept 11 Argentina's provinces from Buenos Aires to wine region Mendoza are readying to revamp a combined $13 billion in debt, after a successful sovereign debt restructuring opened the door for local governments to resolve their regional crises.

Argentina debt deal opens door for $13 billion provincial revamp

11 Sep 2020

BUENOS AIRES Argentina's provinces from Buenos Aires to wine region Mendoza are readying to revamp a combined $13 billion in debt, after a successful sovereign debt restructuring opened the door for local governments to resolve their regional crises.

UPDATE 3-Argentine bonds shrug off debt deal as gloomy economic outlook weighs

18 Aug 2020

BUENOS AIRES/NEW YORK, Aug 18 Argentine bonds extended a recent dip on Tuesday after the government formalized its $65 billion debt restructuring offer, underscoring investor concern about the South American country's shaky economy despite creditors' rallying behind a deal.

UPDATE 2-Argentine bonds dip as debt talks impasse raises deal risk

29 Jul 2020

BUENOS AIRES, July 28 Argentine over-the-counter bonds fell an average 0.9% on Tuesday amid concerns about an impasse between the government and its international creditors who are racing to restructure around $65 billion in debt that has become unsustainable.

Argentina's government sends debt bill to Congress to solve crisis

21 Jan 2020

BUENOS AIRES Argentina's new government is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.

Argentina sets floor under peso as reserves dwindle

31 Oct 2019

BUENOS AIRES Argentina's central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.

Argentine peso closes stronger after Macri, Fernandez have 'good dialogue'

28 Oct 2019

BUENOS AIRES Argentina's peso closed stronger on Monday and its black market counterpart reversed course after hitting a record low in a day of tempered market reaction on the heels of victory by Peronist presidential candidate Alberto Fernandez in Sunday's election.

Argentine peso closes stronger after Macri, Fernandez have 'good dialogue'

28 Oct 2019

BUENOS AIRES Argentina's peso closed stronger on Monday and its black market counterpart reversed course after hitting a record low in a day of tempered market reaction on the heels of victory by Peronist presidential candidate Alberto Fernandez in Sunday's election.

Argentine central bank intervenes heavily ahead of election; peso drops anyway

24 Oct 2019

BUENOS AIRES Argentina's battered peso weakened another 1.34% on Thursday, even after the central bank sold $346 million in reserves to ease its fall three days ahead of a presidential election that has increased uncertainty over the inflation-racked economy.

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