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☆ We could see interest rates go a lot higher, says market forecaster Jim Bianco
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe could see interest rates go a lot higher, says market forecaster Jim BiancoJim Bianco, Bianco Research president, joins 'Fast Money' to talk bond yields, higher interest rates, infaltion's impact on Fed policy and more.

Persons: Jim Bianco Jim Bianco Organizations: Bianco Research

☆ Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
▼ + stars: | 2023-10-03 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through five percent in the next couple of weeks. "I don't think we're near the end of this move in the bond market," the Bianco Research president told CNBC's "Fast Money" on Tuesday. Yields on the five-year and 10-year Treasury notes, as well as the 30-year Treasury bond , hit their highest levels since 2007. "Most of the year bond investors [and] bond managers have been long. The volatility in the bond market is extending to stocks.

Persons: Jim Bianco, CNBC's, Bianco, They've, they've, Dow, Rick Santelli, Santelli Organizations: Bianco Research, Treasury, Nasdaq, CNBC

☆ Buenos Aires central square becomes nighttime soup kitchen as poverty hits 40%
▼ + stars: | 2023-09-27 | by ( Miguel Lo Bianco | ) www.reuters.com time to read: +2 min

Demonstrators camp outside the Casa Rosada Presidential Palace, as unemployed and informal workers protest to demand more subsidies from the national government, at Plaza de Mayo in Buenos Aires, Argentina April 19, 2023. Standing in a long line for food in the central square that is flanked by the Casa Rosada presidential palace, Erica Maya, 45, told Reuters she could earn just 3,000-4,000 pesos working all day collecting cardboard, worth $4 at real exchange rates. "We estimate the level of poverty in Argentina at 40% of the population," said Eduardo Donza, from the Social Debt Observatory of the Catholic University. "I have resorted to selling tortillas to find a way for my family and my daughter to survive," said Diego Ortiz, 30, as he cooked flour tortillas over hot coals in a Buenos Aires suburb. Reporting by Miguel Lo Bianco; Writing by Nicolas Misculin; Editing by Adam Jourdan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Mariana Nedelcu, Erica Maya, Sergio Massa, Javier Milei, Conservative Patricia Bullrich, Eduardo Donza, Donza, Diego Ortiz, Miguel Lo Bianco, Nicolas Misculin, Adam Jourdan, Rosalba O'Brien Organizations: Casa, Plaza de Mayo, REUTERS, Reuters, Peronist, Economy, Conservative, Social, Catholic University, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, de Mayo

LACONIA, N.H. (AP) — Marilyn Manson was sentenced to 20 hours of community service and a fine on Monday after pleading no contest to blowing his nose on a videographer at a 2019 concert in New Hampshire. Manson pleaded no contest to just the nose-blowing charge in a fully negotiated plea agreement with prosecutors. A no contest plea means Manson is not contesting the charge and does not admit guilt. Political Cartoons View All 1163 ImagesThe judge agreed to allow Manson to serve his community service in California. Manson has to give proof of his community service by Feb. 4.

Persons: — Marilyn Manson, Manson, Brian Warner, videographer Susan Fountain, Fountain, ” Manson, Warner, Andrew Livernois, Kent Barker, “, ” Barker, ”, “ Westworld, Evan Rachel Wood, Wood, Illma Gore, Esme Bianco, ___ Whittle Organizations: Bank of New Hampshire, “, Associated Press Locations: LACONIA, N.H, New Hampshire, Laconia, Concord, Gilford, Hampshire, California, Portland , Maine

☆ It's a good time to put more money into fixed income, says DWS Group’s David Bianco
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a good time to put more money into fixed income, says DWS Group’s David BiancoDWS Group’s David Bianco and Dynasty’s Ron Insana join 'Power Lunch' to discuss market choppiness, rate cuts and inflation.

Persons: DWS Group’s David Bianco DWS Group’s David Bianco, Dynasty’s Ron Insana

Each day things costs a little more, it's like always racing against the clock, searching and searching," said Laura Celiz as she shopped for groceries in Tapiales on the outskirts of Buenos Aires. "You buy whatever is cheaper in one place and go to the next place and buy something else." "In this way we try to beat inflation or at least compete with it a little," he added. "While the rest of the Latin American countries have single-digit inflation, Argentina is already in triple-digits." "People are angry and have every right to be because they can't afford to buy a kilo of meat."

Persons: Matias Baglietto, Laura Celiz, Fernando Cabrera, Javier Milei, Sergio Massa, Patricia Bullrich, Damian Di Pace, Massa, Butcher Marcelo Capobianco, Capobianco, Miguel Lo Bianco, Jorge Otaola, Claudia Martini, Walter Bianchi, Hernan Nessi, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Chizu Nomiyama, Sandra Maler Organizations: Mercado Central, REUTERS, International Monetary Fund, Reuters Graphics Reuters, IMF, Business, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Tapiales, Olivos

Persons: Matias Baglietto, Laura Celiz, Fernando Cabrera, Javier Milei, Sergio Massa, Patricia Bullrich, Damián Di Pace, Butcher Marcelo Capobianco, Capobianco, Miguel Lo Bianco, Jorge Otaola, Claudia Martini, Walter Bianchi, Hernan Nessi, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Chizu Organizations: Mercado Central, REUTERS, International Monetary Fund, Reuters Graphics Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Tapiales, Olivos

☆ Argentina police shut down Nazi and antisemitic bookseller
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The Libreria Argentina establishment sold books with images of swastikas, iron crosses and the imperial eagle of the National Socialist German Workers' Party, commonly known as the Nazi party, as well as Nazi propaganda texts. Police arrested one person during the raids in the San Isidro district, located in the outskirts of Buenos Aires. After the war, many Nazi officials including death camp supervisor Adolf Eichmann also emigrated to Argentina to avoid trials for war crimes. Several anti-Semitic groups emerged in the following decades and in 1994 the AMIA Jewish community center in Buenos Aires was bombed, killing 85 people and wounding hundreds. Reporting by Miguel Lo Bianco; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Victor Garelik, Osvaldo Mato, Marcos Cohen, Adolf Eichmann, Miguel Lo Bianco, Valentine Hilaire, Josie Kao Organizations: Argentine, Argentina's, Investigation Unit Department, National Socialist German Workers ' Party, Nazi, Delegation, Argentine Israelite Associations, Police, San, Thomson Locations: BUENOS AIRES, Buenos Aires, Libreria Argentina, San Isidro, Argentina, Latin America, Spain, Eastern Europe

☆ New US-backed India-Middle East trade route to challenge China’s ambitions
▼ + stars: | 2023-09-11 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

It is comprised of two separate routes – an east corridor linking India to the Gulf Arab states and a northern corridor connecting the Gulf states to Europe. “I don’t think we would be here without you.”Goods and services would transit through the UAE, Saudi Arabia, Jordan, Israel and Europe. “The heart of the matter is that it is an alternative (to China’s BRI),” she said. Baharoon added that the project, if perceived as a “replacement” or “competitor” to China’s BRI, would fail to realize its potential. Despite pressure to choose sides, Gulf states have insisted that they maintain a balanced position that involves political and economic cooperation across the board, something that analysts say makes Gulf states strategically vital.

Persons: Joe Biden, ” Biden, Mohammed Bin Zayed, Narendra Modi, MBZ, Biden, ”, “, Xi Jinping, Cinzia Bianco, Bianco, China’s BRI, Beijing’s, China’s, Giorgia Meloni, Rome, Italy’s, Meloni, ‘, ” Mohammed Baharoon, Baharoon, Abu, ” Bianco Organizations: UAE CNN —, United Arab, Initiative, Group, European Union, UAE, Indian, US, European Council, Foreign Relations, Dubai Public Policy Research Center, CNN Locations: Abu Dhabi, UAE, India, Saudi Arabia, United Arab Emirates, East, Europe, Beijing, China, France, Italy, Germany, Gulf, Jordan, Israel, Salt Lake City , Utah, Vietnam, Berlin, Middle, Dubai, Brazil, Russia, South Africa, BRICS

☆ Argentine Priests Defend Pope Francis Over 'Shameful' Milei Attacks
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Lucila SigalBUENOS AIRES (Reuters) - Priests from poor districts in Buenos Aires held a mass on Tuesday to defend Argentine Pope Francis after radical right-wing presidential candidate Javier Milei denounced him as an "imbecile" and "representative of evil". The former media 'shock jock' commentator has made a series of attacks on the pope, calling him an "imbecile who defends social justice", a "son of a bitch preaching communism" and "the representative of the evil one on Earth." "He has called Pope Francis insults like an imbecile and worse things," said Buenos Aires priest Lorenzo "Toto" De Vedia, who noted the long-running insults have gained more notoriety as Milei's popularity grows. Pope Francis, 87, lived modestly when he was Archbishop of Buenos Aires, commuting by public transport and keeping a low profile when he went to help in deprived neighborhoods of the city. To say that social justice is bullshit, excuse my language, when justice starts from the gospel," said Priest José María "Pepe" Di Paola during the mass.

Persons: Argentine Pope Francis, Javier Milei, imbecile, Pope Francis, Lorenzo " Toto, De Vedia, Pope, José María, Pepe, Di Paola, Milei, Lucila Sigal, Miguel Lo Bianco, Anna, Catherine Brigida, William Maclean Organizations: Reuters, Argentine, Argentina Locations: Sigal BUENOS AIRES, Buenos Aires

☆ Argentine priests defend Pope Francis over 'shameful' Milei attacks
▼ + stars: | 2023-09-05 | by ( Lucila Sigal | ) www.reuters.com time to read: +2 min

[1/4] Priests attend a mass to rebuff attacks on Pope Francis by presidential candidate Javier Milei, of La Libertad Avanza coalition, in the villa 21-24 neighborhood, in Buenos Aires, Argentina, September 5, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsBUENOS AIRES, Sept 5 (Reuters) - Priests from poor districts in Buenos Aires held a mass on Tuesday to defend Argentine Pope Francis after radical right-wing presidential candidate Javier Milei denounced him as an "imbecile" and "representative of evil". loading"He has called Pope Francis insults like an imbecile and worse things," said Buenos Aires priest Lorenzo "Toto" De Vedia, who noted the long-running insults have gained more notoriety as Milei's popularity grows. Pope Francis, 87, lived modestly when he was Archbishop of Buenos Aires, commuting by public transport and keeping a low profile when he went to help in deprived neighborhoods of the city. The worst economic crisis in decades has sparked anger with traditional politics and fueled the triumph of Milei, who led an August primary vote with 30%.

Persons: Pope Francis, Javier Milei, Agustin Marcarian, Argentine Pope Francis, imbecile, Lorenzo " Toto, De Vedia, Pope, José María, Pepe, Di Paola, Milei, Lucila Sigal, Miguel Lo Bianco, Anna, Catherine Brigida, William Maclean Organizations: La Libertad Avanza, REUTERS, Argentine, Argentina, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES

☆ 10-year yields will stabilize around 4.5-5% as new inflation rate sets in, says Jim Bianco
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email10-year yields will stabilize around 4.5-5% as new inflation rate sets in, says Jim BiancoJim Bianco, Bianco Research president, joins 'Squawk on the Street' to discuss how recent data plays into the bond market's prospects, where the fair value for the 10-year yield will stabilize, and the Fed's stated inflation target.

Persons: Jim Bianco Jim Bianco Organizations: Bianco Research

☆ Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation 'chart crime'
▼ + stars: | 2023-08-25 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s. Nobel laureate Paul Krugman said the chart was "problematic on many fronts", adding the 1970s story was different. Market veteran Jim Bianco slammed the post as "chart crime", pointing out scale and calculation inconsistencies. In another post, Summers urged the Federal Reserve to reject suggestions that inflation is "securely under control." "Lots of people beating up on Larry Summers over his chart making recent disinflation look just like the mid-70s disinflation, which reaccelerated.

Persons: Larry Summers, Nobel, Paul Krugman, Jim Bianco, Summers, Bianco Organizations: Treasury, Service, Federal Reserve, Bianco Research Locations: Wall, Silicon

☆ We expect this stall in earnings growth to continue this year into 2024: DWS' David Bianco
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect this stall in earnings growth to continue this year into 2024: DWS' David BiancoDavid Bianco, DWS Group Americas CIO, joins 'Power Lunch' to discuss Bianco's thoughts on Nvidia's upcoming quarterly earnings results, what the valuations require, and much more.

Persons: DWS, David Bianco David Bianco Organizations: Group

☆ Fed Chair Powell will say 'a whole lot of nothing' at Jackson Hole, says Jim Bianco
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell will say 'a whole lot of nothing' at Jackson Hole, says Jim BiancoJim Bianco, Bianco Research, joins 'Fast Money' to talk the U.S. Bond Market, what to expect out of Jackson Hole this week and more.

Persons: Powell, Jackson, Jim Bianco Jim Bianco Organizations: Bianco Research, . Bond

☆ Persistent inflation is driving bond yields higher: Bianco Research president
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPersistent inflation is driving bond yields higher: Bianco Research presidentCNBC's Ron Insana with Jim Bianco, Bianco Research president, join 'Power Lunch' to discuss the Fed's rate hikes, next moves, and how it impacts the bond market.

Persons: CNBC's Ron Insana, Jim Bianco Organizations: Bianco, Bianco Research

[1/5] Cattle run in front of Juan Carlos Ardohain, 49, on a farm he rents in San Vicente, on the outskirts of Buenos Aires, Argentina August 10, 2023. REUTERS/Tomas CuestaSAN VICENTE, Argentina, Aug 12 (Reuters) - In Argentina's grains fields and cattle ranches, farmers are hoping upcoming elections will bring political change and an end to years of economic uncertainty, ushering in freer markets with fewer currency controls and export limits. "I think Larreta could be a good candidate for what he's promising," said Juan Carlos Ardohain in a field he rents in San Vicente for cattle. Argentina's currency controls, which tightly limit access to dollars, have stoked a flourishing black market for foreign currency where greenbacks command over twice the official price, distorting import and export markets. Reporting by Maximilian Heath and Miguel Lo Bianco; Editing by Adam Jourdan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Juan Carlos Ardohain, Tomas Cuesta, It's, Horacio Deciancio, Horacio Larreta, Patricia Bullrich, Sergio Massa, Mauricio Macri, Ricardo Firpo, Massa, Deciancio, Maximilian Heath, Miguel Lo Bianco, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, VICENTE, Peronist, Reuters, Argentine Rural Society, Thomson Locations: San Vicente, Buenos Aires, Argentina, breadbasket, Santa Fe, Ukraine

☆ Bianco Research president: If the Fed stops raising rates, the result could be new highs in yields
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBianco Research president: If the Fed stops raising rates, the result could be new highs in yieldsJim Bianco, Bianco Research president, joins 'Squawk on the Street' to discuss why bond market inflows are not impacting yields, the potential for yields to go higher if the Fed stops hiking rates, and whether the market is pricing in a recession.

Persons: Jim Bianco Organizations: Bianco, Bianco Research

☆ We're going to see a couple quarters of small GDP contraction, says DWS Group’s David Bianco
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going to see a couple quarters of small GDP contraction, says DWS Group’s David BiancoDavid Bianco, DWS Group Americas CIO, joins 'Squawk Box' to discuss the latest market trends, why he believes the economy is showing enough resilience to keep interest rates where they are, and more.

Persons: DWS Group’s David Bianco David Bianco Organizations: Group

[1/5] A priest blesses Argentine faithfuls during San Cayetano's (Saint Cajetan) feast day, the patron saint of labour and bread, at San Cayetano church in Buenos Aires, Argentina August 7, 2023. "Walking around this neighborhood, there are many people who have come from other parts of the country to ask for work. People are asking a saint because they can't ask the politicians," said retiree Juan Mura, 58. "I would like the politicians to come here and see the reality of the people." He said he had come to pray to St. Cayetano for years and he hadn't been let down so far, despite the country's long-running economic woes.

Persons: Mariana Nedelcu, Cayetano, Juan Mura, Sergio Massa, Massa, Betina Basanta, Armando Villar, hadn't, I've, Claudia Martini, Miguel Lo Bianco, Horacio Soria, Adam Jourdan, Conor Humphries Organizations: San, REUTERS, Peronist, Thomson Locations: Argentine, Cayetano's, San Cayetano, Buenos Aires, Argentina, Mariana Nedelcu BUENOS AIRES

☆ Connecticut law ending religious vaccine exemptions for children is upheld
▼ + stars: | 2023-08-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

REUTERS/Michelle McLoughlin/File PhotoNEW YORK, Aug 4 (Reuters) - A divided federal appeals court on Friday rejected a challenge to a Connecticut law that ended the state's decades-old religious exemptions from immunization requirements for children in schools, colleges and day care. Circuit Court of Appeals in Manhattan said ending religious exemptions, while still allowing medical exemptions, was a rational means to promote health and safety by reducing the potential spread of vaccine-preventable diseases. He said many U.S. courts have reviewed vaccination mandates for children that lack religious exemptions, and only one, in Mississippi, has ever found constitutional problems. Five other U.S. states--California, Maine, Mississippi, New York and West Virginia--also lack religious exemptions. Connecticut's law, signed by Governor Ned Lamont, does not apply to children from kindergarten to 12th grade who previously had received religious exemptions.

Persons: Michelle McLoughlin, Denny Chin, Chin, Barack Obama, Ned Lamont, Joseph Bianco, Donald Trump, Norm Pattis, Brian Festa, William Tong, Lamont, Jonathan Stempel, David Gregorio, Leslie Adler, Deepa Babington Organizations: Pfizer, REUTERS, U.S, Circuit, Patriots USA, CT, Alliance, COVID, Patriots, Connecticut Office, 2nd U.S, Thomson Locations: Storrs , Connecticut, U.S, Connecticut, Manhattan, Mississippi, California , Maine , Mississippi , New York, West Virginia, 2nd, New York

☆ The S&P 500 is enjoying one of the best years since 1927, thanks to the AI buzz
▼ + stars: | 2023-08-02 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The S&P 500 is riding one of its best years since 1927, thanks to the AI hype. It's only been 10 times since the 1920s that the benchmark index has performed so well, market veteran Jim Bianco said. With price-only S&P 500 data going back to 1927, this year ranks as the tenth best through July 31,"40-year market veteran Jim Bianco said in a tweet. The S&P 500 has jumped nearly 20% this year, defying pessimists like Morgan Stanley's Mike Wilson who recently admitted the Wall Street bank was wrong to write off 2023's sizzling stock-market rally. As the index continues its ascent, analysts at JPMorgan predict that a new record high for the S&P 500 "feels inevitable."

Persons: Jim Bianco, Stocks, Dow Jones, OpenAI's, Morgan Stanley's Mike Wilson Organizations: Service, Nasdaq, Dow, Federal Reserve, JPMorgan Locations: Wall, Silicon

☆ Wildfires rage across the Mediterranean destroying land and claiming lives
▼ + stars: | 2023-07-26 | by ( Barbie Latza Nadeau Hamdi Alkhshali Martin Goillandeau Isa Soares Sugam Pokharel Elinda Labropoulou Chris Liakos Hande Atay Alam Laura Paddison | Barbie Latza Nadeau | Hamdi Alkhshali | ) edition.cnn.com time to read: +6 min

More than 8,000 firefighters have been deployed to control the blazes as residents living near forested areas were evacuated, according to EPTV. Nasri Elyas/APThe Algerian Ministry of the Interior announced at least 34 deaths in multiple forest fires across the country. A 98-year-old man died as flames reached his home in the coastal city of Reggio Calabria in southern Italy, according to ANSA. Flames burn a tree in Vati village, on the Aegean Sea island of Rhodes, southeastern Greece, on Tuesday, July 25, 2023. Angelos Tzortzinis/AFP/Getty ImagesIn Turkey, forest wildfires ignited Monday night in the southern Mediterranean province of Antalya, according to Antalya Municipality’s statement.

Persons: Nasri Elyas, Billel, Nello Musumeci, ”, Alberto Lo Bianco, Fabrizio Villa, Maria Feggou, ” Feggou, Kyriakos Mitsotakis, Petros Giannakouris, Angelos Tzortzinis, Muhittin Bocek, “, ” Bocek Organizations: CNN, EPTV, Reuters, Algerian Ministry of, Interior, ANSA, Civil, Twitter, Residents, Hellenic Red Cross, Greek Air Force, Getty, Anadolu Locations: Italy, Greece, Algeria, North, Bourbatache, Sicily, Calabria, Abruzzo, Puglia, Reggio Calabria, Palermo, Capaci, Catania, Rhodes, Corfu, Evia, Crete, Vati, AFP, Turkey, Antalya, Antalya’s Kemer, Croatia, Dubrovnik, Croatian

☆ Rate hikes will not stop this week, market researcher Jim Bianco predicts
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRate hikes will not stop this week, market researcher Jim Bianco predictsJim Bianco, Bianco Research president joins 'Fast Money' to talk the upcoming Federal Reserve meeting and why he thinks the central bank won't extend its pause on hikes this month.

Persons: Jim Bianco Organizations: Bianco Research, Reserve

☆ IMF expects deal with Argentina in the coming days
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Miguel Lo Bianco/File PhotoBUENOS AIRES, July 23 (Reuters) - The International Monetary Fund (IMF) should in the coming days finalize the basis for a staff level agreement with Argentina over a review of the country's $44 billion loan with the IMF, the Washington-based fund said on Sunday. "The teams of the Economy Ministry and Central Bank of Argentina and the IMF staff have finished the core aspects of the technical work of the next review," the IMF said on Twitter. "The central objectives and parameters that will be the basis for a "staff level agreement" have been agreed, which is expected to be finalized in the next few days before moving towards the review of the Argentina program," it added. Argentina faces maturities with the IMF worth some $3.4 billion between July 31 and Aug. 1, at a time when the central bank's net reserves are about $6.5 billion in the red. An Economy Ministry source told Reuters the disbursement program for the second half of 2023 has already closed and that the staff level accord could be sealed on Wednesday or Thursday.

Persons: Miguel Lo Bianco, Hernan Nessi, Nick Zieminski Organizations: IMF, REUTERS, Monetary Fund, Economy Ministry, Central Bank of, Twitter, Ministry, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Washington, Central Bank of Argentina

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