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Top related persons:
Sergio Massa - 1 Mariana Nedelcu - 1 Javier Milei - 1 Salvador Vielli - 1 Vielli - 1 Bonds - 1 Patricia Bullrich - 1 Roberto Geretto - 1
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Argentina BUENOS AIRES Milei
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REUTERS - 1 Peronist Economy - 1 Massa - 1 Thomson - 1

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4 mentions found


☆ Argentina market analysts see silver lining in Peronist election win
  + stars: | 2023-10-23 | by ( Jorge Otaola Walter Bianchi | Jorge Otaola | Walter Bianchi | ) www.reuters.com   time to read: +4 min
Argentina's presidential candidate Sergio Massa addresses supporters, as he reacts to the results of the presidential election, Argentina October 22, 2023. Bonds have also been slipping, while the stock market - seen as a relative safe haven for local investors - has been jittery. A local market operator, who asked not to be named, agreed there would likely not be a big market slide on Monday. "I believe the market will open downwards but there will be a floor at which there would be some demand," he said. Reporting by Jorge Otaola and Walter Bianchi; Editing by Adam Jourdan and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: Sergio Massa, Mariana Nedelcu, Javier Milei, Salvador Vielli, Vielli, Bonds, Patricia Bullrich, Roberto Geretto, Adcap, Milei, Jorge Otaola, Walter Bianchi, Adam Jourdan Organizations: REUTERS, Peronist Economy, Massa, Thomson Locations: Argentina, BUENOS AIRES, Milei
☆ Argentina raises economic defenses against inflation 'onslaught'
  + stars: | 2023-05-15 | by ( Walter Bianchi | ) www.reuters.com   time to read: +3 min
BUENOS AIRES, May 15 (Reuters) - Argentina's government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency reserves, a weakening peso and simmering market fears of a sharp-shock devaluation. The economy ministry announced a package of measures on Sunday including new interest rate hikes, more central bank intervention in currency markets and fast-tracked deals with creditors after inflation overshot all forecasts last week. Investment bank J.P. Morgan said an "onslaught of inflation" had forced the government to take "emergency measures". That's created a dilemma for the government: how to tame inflation and avoid a crash in the currency, while protecting the scarce foreign currency reserves in the bank. "If the BCRA (central bank) speeds up a devaluation, it will be adding more gasoline to the fire.
☆ Argentine President Fernandez pulls out of 2023 election
  + stars: | 2023-04-21 | by ( Lucila Sigal | ) www.reuters.com   time to read: +2 min
BUENOS AIRES, April 21 (Reuters) - Argentine President Alberto Fernandez will not run in the country's October general election, the center-left leader announced on Friday, throwing open a race to lead the Peronist coalition at the ballot amid swirling economic crisis. Pressure had been building for a decision from the leftist wing commanded by powerful Vice President Cristina Fernandez de Kirchner, who served as president from 2007-2015 and has at times been at loggerheads with Fernandez, no relation. "On the negative side, with him becoming an outgoing president so early, it could make it difficult to manage until the end of the mandate." Mauricio Macri, the leader of the main center-right opposition party and president from 2015 to 2019, said last month he would not run for presidency either. Vice President Fernandez de Kirchner has also ruled herself out.
☆ Argentina looks to defuse economic timebomb with soy export boost
  + stars: | 2023-04-10 | by ( Anna-Catherine Brigida Walter Bianchi | Anna-Catherine Brigida | Walter Bianchi | ) www.reuters.com   time to read: +3 min
BUENOS AIRES, April 10 (Reuters) - Argentina has patched up its wobbly economy with a so-called "soy dollar" preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. "The 'farm dollar' will not create extra foreign currency, but at least will accelerate it coming in and so provide temporary relief," said economist Gustavo Ber, adding that foreign currency reserves had hit "critical levels." Reuters Graphics Reuters GraphicsThe so-called "soy dollar" was used twice last year and did help create a boost in exports, at least in the short-term helping ease availability of foreign currency. "This new measure aims to buy two months, which in the current context is not insignificant," Geretto told Reuters. Reporting by Walter Bianchi and Anna-Catherine Brigida; Editing by Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
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