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.
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.
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.
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.
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
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.
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.
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
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
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.