Edition:
India

Jorge Otaola

UPDATE 2-Argentina central bank raises reverse repo rates, holds benchmark steady

12:03am IST

BUENOS AIRES, Oct 29 Argentina's central bank raised its reverse repo rates on Thursday while holding the benchmark Leliq rate unchanged, a market filing from the bank, seen by Reuters and confirmed by a bank official, showed.

Argentina exceeds 1 million coronavirus cases as spike strains health system

20 Oct 2020

BUENOS AIRES Argentina has become the fifth country with more than 1 million coronavirus cases, its Health Ministry and a Reuters tally confirmed on Monday, making it the smallest nation by far to reach the grim milestone after infections accelerated in recent weeks.

Argentina surpasses 900,000 COVID-19 cases, virus spreads to the interior

13 Oct 2020

BUENOS AIRES Argentina surpassed 900,000 cases of coronavirus on Monday, with strong growth of infections in large populated centers in the interior of the country after months of the virus' being concentrated in Buenos Aires and its suburbs.

Argentina lures wary investors with dollar-linked bond as IMF arrives

07 Oct 2020

BUENOS AIRES Argentina tempted wary investors with a dollar-linked bond on Tuesday, issuing around $1.8 billion of the instrument it hopes will help bolster the peso amid a domestic currency crisis, stringent capital controls and tumbling foreign reserves.

Argentina central bank says will allow managed peso float

02 Oct 2020

BUENOS AIRES Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current "uniform daily devaluation" strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.

Argentina central bank says will allow managed peso float

02 Oct 2020

BUENOS AIRES, Oct 1 Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current "uniform daily devaluation" strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.

Argentina to pay interest on Par bonds it failed to restructure

29 Sep 2020

BUENOS AIRES Argentina will make interest payment due on dollar and euro-denominated "Par" bonds on Wednesday this week, the country's Economy Ministry said in a statement on Monday, closing off an unresolved issue from its recent major debt revamp.

Argentina Inc fears 'virtual default' as FX noose tightened

25 Sep 2020

BUENOS AIRES Argentine companies are facing an increasingly difficult task to keep up with payments on dollar debt, hiking the risk of a wave of corporate defaults after the country tightened access to foreign currency to stem a sharp decline in reserves.

Argentina Inc fears 'virtual default' as FX noose tightened

25 Sep 2020

BUENOS AIRES, Sept 25 Argentine companies are facing an increasingly difficult task to keep up with payments on dollar debt, hiking the risk of a wave of corporate defaults after the country tightened access to foreign currency to stem a sharp decline in reserves.

Argentina currency crackdown dims investor hopes of economic rebound

18 Sep 2020

BUENOS AIRES Argentina's standing in global markets is at risk once again after it moved this week to further restrict access to dollars as foreign reserves dry, a move analysts say will hit its much-needed economic revival and investor sentiment.

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