Edition:
United Kingdom

Walter Bianchi

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.

Argentina central bank bleeds reserves ahead of election, peso crumbles anyway

25 Oct 2019

BUENOS AIRES Argentina's central bank kept selling dollars in defense of the crumbling peso on Friday, as concern increased over the bank's falling reserves ahead of Sunday's presidential election dreaded by the financial markets.

Argentine presidential front-runner courts moderate voters

14 Oct 2019

BUENOS AIRES The front-runner in Argentina's presidential election reached out to undecided voters on Sunday, promising both orthodox and unorthodox policies to cure the country's deep economic troubles.

Argentine libertarian running for president says country must 'detonate' political past

09 Oct 2019

BUENOS AIRES Argentina needs to make radical changes including trimming back big government and freeing international trade to avoid slipping into disaster, presidential candidate and libertarian economist José Luis Espert told Reuters.

RPT-Argentina's $15 bln dollar burn stems peso rout - for now

11 Sep 2019

BUENOS AIRES, Sept 10 Argentina has burned through $15 billion in foreign reserves over the last month to stabilize the peso, which crashed along with the country's bonds after a sharp electoral defeat for market-friendly president Mauricio Macri.

Argentina's $15 billion dollar burn stems peso rout: for now

10 Sep 2019

BUENOS AIRES Argentina has burned through $15 billion in foreign reserves over the last month to stabilize the peso, which crashed along with the country's bonds after a sharp electoral defeat for market-friendly president Mauricio Macri.

Argentine inflation forecasts jump as political uncertainty dents economic outlook

03 Sep 2019

BUENOS AIRES, Sept 3 Argentine economists sharply hiked 2019 inflation forecasts and cut their gross domestic product outlook for the year, according to a central bank poll released on Tuesday, following a wave of political uncertainty that beat the local peso down 26% in August.

Argentine peso, bonds whiplashed after capital controls imposed

03 Sep 2019

BUENOS AIRES Argentine bond prices fell to record lows on Monday and the official and black market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default. | Video

Argentina returns to currency controls as debt crisis spirals

03 Sep 2019

BUENOS AIRES Argentina's government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner. | Video

S&P slashes Argentina's long-term debt three notches on maturity extension plan

30 Aug 2019

BUENOS AIRES Standard & Poors announced on Thursday that it was slashing Argentina's long-term credit rating another three notches into the deepest area of junk debt, saying the government's plan to "unilaterally" extend maturities had triggered a brief default.

World News