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.
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
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
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
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.
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.
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.
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.
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.
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