Argentina

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Mauricio Macri Should Be Getting Nervous

You'd think that steering a country away from the brink of economic catastrophe might buy a young administration some slack, but not in Argentina, where tolerance for anything short of miracle-making runs thin, a Bloomberg View reported. So maybe it ...

Daily Headline - global.abi.org - 07/09/2017 - 22:07 - 0 comments

Argentina Plans to Offer 100-Year Bonds

Argentina sold 100-year bonds barely a year after settling a protracted legal dispute tied to a $95 billion default, Bloomberg News reported. With the $2.75 billion sale, the government of South America’s second-largest economy joins Mexico, Ireland and ...

Daily Headline - global.abi.org - 06/19/2017 - 22:40 - 0 comments

Templeton Boosts Argentina Holdings in Its $40 Billion Global Bond Fund

Argentinian President Mauricio Macri’s reform efforts have won approval from the world’s biggest emerging-market bond investor, Bloomberg News reported. Franklin Templeton Chief Investment Officer Michael Hasenstab boosted holdings in Argentina in the $4 ...

Daily Headline - global.abi.org - 04/19/2017 - 18:28 - 0 comments

Tale of ‘El Caballo’ Lays Bare Argentina’s Culture of Corruption

For a quarter century, one man ruled the Rio Parana, the mighty Mississippi of Argentina. His name is Omar Suarez. Along the Parana, the nation’s pipeline for key exports including soybeans, corn and wheat, he is better known as El Caballo: a hard-chargi ...

Daily Headline - global.abi.org - 02/21/2017 - 23:16 - 0 comments

Argentina's Macri Will Annul Father's Postal Debt Deal

Argentina's President Mauricio Macri said on Thursday he would annul an agreement his government reached to resolve a 15-year-old debt the country's postal service incurred when it was owned by Macri's father, the International New York ...

Daily Headline - global.abi.org - 02/16/2017 - 22:31 - 0 comments

Argentine Prosecutor Asks to Investigate President Over Postal Service Deal

A prosecutor asked to investigate Argentine President Mauricio Macri on Tuesday over a deal to resolve debt the country's postal service incurred with the government when it was owned by Macri's father, the International New York Times repo ...

Daily Headline - global.abi.org - 02/14/2017 - 21:21 - 0 comments

Argentina’s Credit Revival Offers Glimpse of Economic Stability

Arturo Méndez heaved a sigh of relief after slapping about $300,000 in hundred dollar bills on the table to pay for a house. Carrying all that cash around the streets of Buenos Aires was now someone else’s problem. “Why couldn’t I have just got a mortgag ...

Daily Headline - global.abi.org - 02/13/2017 - 22:27 - 0 comments

Former Argentine President Cristina Kirchner Indicted in Corruption Case

A judge indicted ex-President Cristina Kirchner on corruption charges involving public works and ordered millions of dollars of her assets to be frozen, escalating the legal troubles facing the former Argentine leader, The Wall Street Journal reporte ...

Daily Headline - global.abi.org - 12/27/2016 - 22:27 - 0 comments

Argentina’s Debt Bonanza Buys Time, Raises Risks

Less than a year ago, Argentina was on the brink of a balance of payments crisis after 12 years of populist rule. But dollars have flooded into the economy since the business-friendly government of Mauricio Macri took over last December, with central ban ...

Daily Headline - global.abi.org - 10/26/2016 - 22:14 - 0 comments

Argentines Say Mauricio Macri’s Policies Aren’t the Solutions They Promised to Be

Argentina’s shrinking economy and high unemployment are triggering ever-louder grumbling from its citizens, posing problems for President Mauricio Macri in a country where economic discontent has undone previous leaders, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 09/25/2016 - 18:44 - 0 comments

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