Jorge Otaola

Argentine central bank lowers interest rate floor, peso rises

01 Jul 2019

BUENOS AIRES Argentina's central bank said on Monday it would set a new lower interest rate floor on its benchmark "Leliq" notes at 58% for the month of July, buoying the peso currency in morning trading.

UPDATE 1-Argentina posts biggest fiscal surplus in eight years, peso rises

21 Jun 2019

BUENOS AIRES, June 21 Argentina's Treasury said on Friday that the country posted its biggest monthly primary fiscal surplus in eight years in May, helping bolster the local peso currency which rose over 1% in morning trading.

UPDATE 1-Argentine bonds, peso strengthen as political risk eases

21 May 2019

BUENOS AIRES, May 21 Argentine bonds and the country's peso currency strengthened on Tuesday morning as investors warmed to a shock political twist in the country's election race that saw the expected main populist challenger take a back seat on the ticket of an ally.

Argentine lawmaker wounded, aide killed in 'mafia-style' attack

09 May 2019

BUENOS AIRES An Argentine lawmaker was wounded on Thursday and an aide was killed in a shooting about a block from the National Congress in downtown Buenos Aires, in what the country's security minister described as a "mafia-style" attack.

Ides of March: Argentina peso posts worst month in six

30 Mar 2019

BUENOS AIRES, March 29 Argentina will not miss March, a painful month for Latin America's No. 3 economy during which interest rates have spiked to almost 70 percent and the peso devalued close to 10 percent against the dollar.

UPDATE 3-Argentina's peso rebounds on central bank measure to boost deposits

28 Mar 2019

BUENOS AIRES, March 28 Argentina's peso strengthened on Thursday, buoyed by central bank moves to encourage more domestic deposits, snapping a recent plunge that has seen the currency trade at its weakest ever level against the dollar.

UPDATE 4-Argentina's peso closes at record low against U.S. dollar

28 Mar 2019

BUENOS AIRES, March 27 Argentina's peso closed at a record low against the U.S. dollar on Wednesday as concerns about inflation, weak growth and October's presidential election bit into market confidence in Latin America's No. 3 economy.

UPDATE 4-Argentina's peso hit by political uncertainty, plumbs new lows

27 Mar 2019

BUENOS AIRES, March 26 Argentina's peso currency weakened 1.34 percent to an all-time low close of 42.65 per dollar on Tuesday, as concerns about high inflation and political uncertainty ahead of the October presidential election dented confidence in the economy.

UPDATE 3-Argentina sharply hikes rates to stem peso slide

08 Mar 2019

BUENOS AIRES, March 8 Argentina sharply hiked its key benchmark interest rate on Friday, helping revive the country's peso currency after it had hit a record low against the U.S. dollar the previous day.

HRW asks Argentina to probe Saudi Crown Prince over Yemen, Khashoggi

27 Nov 2018

BUENOS AIRES Human Rights Watch has asked Argentina to use a war crimes clause in its constitution to investigate the role of Saudi Crown Prince Mohammed bin Salman in possible crimes against humanity in Yemen and the murder of journalist Jamal Khashoggi. | Video

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