Hernan Nessi

More money, managed float: Argentina central bank draws policy guidelines

5:01am IST

BUENOS AIRES Argentina's central bank released policy guidelines on Monday aimed at increasing the monetary supply and avoiding major exchange rate fluctuations as the new administration of Alberto Fernandez seeks to curb a pervasive economic crisis in Latin America's No. 3 economy.

Argentina political shock seen dragging economy into the red in third quarter - Reuters poll

17 Dec 2019

BUENOS AIRES Argentina's economy likely contracted in the third quarter, a Reuters poll published on Monday showed, falling back into the red after a shock primary election result in mid-August shook the country's markets.

Argentine police arrest four gang members, still seeking shooters in death of British tourist

16 Dec 2019

BUENOS AIRES Argentine authorities said on Monday they had identified suspects in the shooting death of a British tourist killed in an armed robbery attempt outside a luxury Buenos Aires hotel over the weekend.

Argentine subsidiary of Huobi Group announces plan for $100 million data center

07 Nov 2019

BUENOS AIRES A subsidiary of China's Huobi Group, one of the largest cryptocurrency trading platforms in the world, announced on Wednesday a $100 million investment for the creation of a data center in Argentina.

Argentina economy likely eked out expansion in second quarter: Reuters poll

18 Sep 2019

BUENOS AIRES Argentina's economy is likely to have expanded slightly in the second quarter of the year, a Reuters poll showed, with weak industrial activity and construction weighing on a stronger showing from the country's farm export sector.

IMF to hold weekend meetings in Argentina with advisers for Macri, Fernandez

24 Aug 2019

BUENOS AIRES The International Monetary Fund said on Friday that a team will meet with the economic advisers to Argentina's main presidential contenders, incumbent Mauricio Macri and opposition candidate Alberto Fernandez, to "exchange views."

Argentine presidential front-runner seeks alternatives to austerity -advisers

22 Aug 2019

BUENOS AIRES Economic advisers to Argentina's presidential front-runner and opposition leader Alberto Fernandez said he would seek alternatives to the current administration's austerity measures in a meeting with the new Treasury Minister on Wednesday.

Argentina new economy chief will not allow 'irrational' run on peso

21 Aug 2019

BUENOS AIRES, Aug 21 Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.

IMF to ship $5.4 billion to Argentina under standby loan deal

13 Jul 2019

BUENOS AIRES The International Monetary Fund board said on Friday it would ship $5.4 billion (£4.3 billion) in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.

Early poll in Argentina predicts narrow election win for Macri in runoff

12 Jul 2019

BUENOS AIRES Argentine President Mauricio Macri could edge out his main challenger in the event of an election runoff later this year, according to an opinion poll published on Thursday, one of the first since candidates officially announced their plans to run.

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