BUENOS AIRES, June 22 (Reuters) – Two septuagenarians who
have lived through countless ups and downs in Argentina’s
rollercoaster economy may have different views on the
government’s latest schemes to spur consumption, but they both
think it’s time to go shopping.
Rodolfo Ravioli, 72, is trading in his old fridge for a new
one at nearly half the price through the “Renovate Yourself”
initiative. He says Cristina Fernandez is the first Argentine
president he’s seen “really tackling the problems in the
BUENOS AIRES (Reuters) – Daniel Scioli, the front-running candidate for the ruling party in Argentina’s presidential election, said on Tuesday he wanted Carlos Zanini, an adviser from President Cristina Fernandez’s inner circle, on his ticket as vice president.
Scioli has billed himself as the candidate of “gradual change” against the backdrop of a stagnant economy with double-digit inflation and limited access to global credit markets.
BUENOS AIRES, June 10 (Reuters) – A week after its
successful bond sale, Argentina’s province of Buenos Aires said
on Wednesday it would swap $375.4 million worth of bonds
maturing in 2015 for notes due in 2021, further allaying looming
Investors have shown strong appetite for Argentine debt in
recent months, despite the country being in technical default on
some bonds. The reason is double-digit yields and the expected
upside from a change of government after October elections.
BUENOS AIRES, June 1 (Reuters) – All three of the leading
candidates in Argentina’s election race plan to dismantle
outgoing President Cristina Fernandez’s web of currency and
trade controls and clean up government finances to boost the
Fernandez has ramped up state intervention in the economy
during her eight years in power, trying to shore up thinning
currency reserves while financing generous subsidies and welfare
BUENOS AIRES (Reuters) – Argentina’s real estate, utility and agricultural sectors all offer a smart bet ahead of a change in government in December, said New York-based Bienville Capital Management, whose new Argentina-focused fund has raised about $250 million.
Foreign investors have shied away from Argentina in recent years as President Cristina Fernandez’s leftist government ramped up state controls. However, they expect elections in October will lead to reforms that reboot Latin America’s No. 3 economy.
BUENOS AIRES (Reuters) – With less than a year to go in her presidency, Cristina Fernandez has sought her place in Argentina’s cultural history, unveiling Latin America’s largest arts complex, housed in Buenos Aires’s historic former Post and Telegraph Palace.
Named after Fernandez’s late husband and predecessor, Nestor Kirchner, the Kirchner Cultural Center’s focal piece is an avant-garde bulbous “blue whale” auditorium. With wooden slats on the walls evoking a whale’s ribs, it will house the nation’s previously homeless symphony orchestra.
BUENOS AIRES (Reuters) – Argentina’s central bank is ramping up issuance of short-term debt to soak up pesos and contain one of Latin America’s quickest inflation rates, but risks creating another financing headache for the next government.
So far this year, the central bank has issued far more short-term “Lebac” securities, which typically range from three-months to one-year in maturity, than in all of 2014.
BUENOS AIRES, April 21 (Reuters) – Cash-strapped Argentina
sold $1.4159 billion worth of local law Bonar24 bonds in a
top-up on Tuesday, receiving bids for more than three times the
amount on offer, the Economy Ministry said.
The strong demand, despite risks to payment of the bonds
stemming from Argentina’s long-running battle with holdout
creditors, suggests investors are keen to gain exposure to the
country ahead of elections in October.
BUENOS AIRES (Reuters) – A deal between Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and a U.S. judge allowing the banking giant to process two Argentine debt payments and exit its custodian business in Argentina may violate the country’s laws, Economy Minister Axel Kicillof said on Wednesday.
Argentina is concerned Citigroup’s departure may further hamper the chances of debt interest payments on local law debt restructured after its record 2002 default reaching bondholders.
BUENOS AIRES (Reuters) – Argentina said on Friday it will
demand that banks operating in the country process bond interest
payments despite a U.S. court ruling the day before that banned
Citigroup Inc from handling payments by the government on
its local law bonds.
U.S. District Judge Thomas Griesa in Manhattan said letting
Citigroup process the payments on so-called dollar-denominated
exchange bonds would violate a requirement that Argentina treat