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Walter Bianchi

Argentina central bank removes rate floor, but still on guard on peso

05 Dec 2018

BUENOS AIRES Argentina's central bank on Wednesday removed the 60 percent floor on its benchmark interest rate, paving the way for it to reduce one of the highest borrowing rates in the world, which has strangled growth in Latin America's third-biggest economy.

UPDATE 3-Argentina chips away at debt with high-interest Lebac sale

17 Oct 2018

BUENOS AIRES, Oct 16 Argentina's central bank issued a fresh batch of publicly-traded, short-term notes on Tuesday in an bid to chip away at its year-end repayment obligations, which have contributed to concerns over the country's ability to service its international debt obligations in 2019.

UPDATE 3-Argentine stocks rise on Brazilian election result, peso stronger

08 Oct 2018

BUENOS AIRES, Oct 8 Argentina's peso continued to rally on Monday while the country's stock market rose on the results of Brazil's presidential election, in which far-right candidate Jair Bolsonaro nearly clinched the presidency in a first-round win.

Argentina peso gains as short-term interest rates climb

06 Oct 2018

BUENOS AIRES Argentina's peso ended the week stronger while interest rates on short-term central bank notes crept higher, sopping up pesos in the foreign exchange market that might otherwise have scrambled toward safe-haven U.S. dollars. | Video

UPDATE 3-High-interest debt issuance boosts Argentina's peso for third day

03 Oct 2018

BUENOS AIRES, Oct 3 Argentina's peso rallied for a third straight day on Wednesday, after high-interest short-term debt issued by the central bank soaked up liquidity, a strategy that has raised concern about the sustainability of the country's program.

Macri asks Argentines for patience to implement IMF deal

27 Sep 2018

BUENOS AIRES President Mauricio Macri on Thursday asked Argentines for patience in weathering an economic crisis this year and pledged to increase social spending in the coming months, a day after reaching a $57 billion deal with the International Monetary Fund.

UPDATE 4-Argentine peso strengthens on optimism over IMF talks

20 Sep 2018

BUENOS AIRES, Sept 20 The Argentine peso closed 2.9 percent stronger on Thursday, reflecting investor optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.

UPDATE 4-Argentina's GDP shrinks 4.2 pct in 2nd quarter

19 Sep 2018

BUENOS AIRES, Sept 19 Argentina's gross domestic product contracted 4.2 percent in the second quarter of 2018 from the same period last year and 3.9 percent from the prior quarter, government statistics agency Indec said on Wednesday.

Ex Argentine leader Fernandez to allow searches of her properties

22 Aug 2018

BUENOS AIRES Former Argentine President Cristina Fernandez agreed on Tuesday to allow investigators to search properties belonging to her as part of a corruption case in which construction company executives have said they paid bribes for government contracts.

UPDATE 2-Argentina central bank hikes reserve requirements, eyes China swap

16 Aug 2018

BUENOS AIRES, Aug 16 Argentina's central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country's largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation.

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