Edition:
India

Eliana Raszewski

Argentina's new central bank head Pesce likely to shun Macri-era orthodoxy

5:59am IST

BUENOS AIRES Argentina's incoming central bank head, Miguel Angel Pesce, will need all his guile to navigate the country's myriad economic challenges: interest rates above 60%, drained foreign reserves, tough fiscal targets and roaring inflation.

Argentine central bank chief Sandleris to step down

05 Dec 2019

BUENOS AIRES Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America's third-largest economy transitions to Peronism next week under newly elected President Alberto Fernandez.

How Argentina's youth learned to worry about the peso and love the dollar

02 Dec 2019

BUENOS AIRES Nicolas Videla, like millions of his fellow Argentines, buys U.S. dollars whenever he scrapes enough pesos together and keeps a close eye on the country's volatile foreign exchange rate, galloping inflation and murky political outlook.

Argentina 2019 inflation seen at 55%, Treasury minister says

26 Nov 2019

BUENOS AIRES Argentina will finish 2019 at 55% annual inflation, the country's treasury minister said on Monday, capping off a tumultuous year for Latin America's No. 3 economy that also saw voters usher in a new leftist government.

Argentine president elect faces full in-tray of economic woes

28 Oct 2019

BUENOS AIRES Alberto Fernández already has a full in-tray of economic woes to solve when he takes office in December. The country is grappling with recession, the peso is being caged by currency controls and a pile of debt repayments looms ominously on the horizon.

Argentina's Macri appeals to 'angry' voters at massive Buenos Aires rally

20 Oct 2019

BUENOS AIRES Argentine President Mauricio Macri called on "angry" voters to get behind him ahead of presidential elections next week, as he looks to defy the odds and rein in Peronist challenger Alberto Fernandez, who beat him heavily in a primary vote in August.

Argentina's YPF reports well fire after leak at Vaca Muerta gas field

15 Sep 2019

SANTIAGO, Sept 15 Argentina's state-controlled oil company YPF said a gas well caught fire at its vast shale oil and gas formation of Vaca Muerta early on Sunday following a gas leak on the previous day.

Time to buy? Argentina's bargain basement stocks start to gain appeal

13 Sep 2019

BUENOS AIRES/NEW YORK Argentina's stocks, which crashed last month to multi-year lows, are starting to lure in hardy investors tempted by bargain basement prices, even as the country teeters on the brink of default ahead of a general election next month.

Argentina inflation expected at 53% in December 2019: treasury officials

12 Sep 2019

BUENOS AIRES Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said on Wednesday.

Argentina announces new round of currency controls amid economic crisis

12 Sep 2019

BUENOS AIRES Argentina's central bank late on Wednesday announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third largest economy.

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