Argentina
Economic Chaos - Who's killing Argentina's Peso?
ARTICLE - Until recently, stable money and sound banking were the two pillars of an otherwise weak Argentine republic. As Argentina confronts its fourth year of recession and finds itself bankrupt, many are now blaming its monetary regime, which…
Argentine central bank moves to cap interest rates
ARGENTINA - Argentina's Central Bank has entered potentially dangerous new territory this week, trying to impose ceilings on the interest rates banks pay depositors.
IMF spotlight on Argentina
ARGENTINA - An International Monetary Fund mission arrives in Buenos Aires on Sunday to study the country's accounts and decide whether to continue disbursing funds from Argentina's loan programme.
Argentina slowdown spells debt fears
ARGENTINA - The slowdown afflicting the global economy will prompt a worsening in the debt burden shouldered by poor countries, economic gurus have said.
Argentina gives details on refinancing debt
ARGENTINA - Argentina's government yesterday announced plans to refinance the debts of 10 provinces, the first leg of its effort to restructure the country's entire $155bn ( £106bn) stock of federal and provincial debt.
Argentine ctrl bk moves to fight drop in deposits
ARGENTINA - Argentina's central bank will order local banks to repatriate $1.9 billion of the loan loss reserve funds they have deposited in a Deutschebank account in New York City to inject more funds into the nation's money markets and keep interest…
Blow to Argentina debt plan
ARGENTINA - The prospects of Argentina defaulting on its overseas debt have grown after opposition-led provinces voted against a new austerity plan.
Argentina inches closer to debt deal
ARGENTINA - Argentina has edged closer to settling a debt swap deal to save it from defaulting on its international borrowings and effectively going bankrupt.
Argentine debt swap 'constitutes default'
ARGENTINA - Fitch, the international ratings agency, said yesterday that Argentina's debt restructuring, launched yesterday, constituted a default.
Call for big changes to global financial system
ARGENTINA - A group of former finance ministers from emerging market countries will today propose fundamental changes to the global financial system, including an international bankruptcy procedure for government borrowers.
Argentina announces debt 'default' plan
ARGENTINA - Argentina's President Fernando de la Rua has announced a restructuring of his country's debt which many analysts regard as a technical default.
Argentina plays down default fears
ARGENTINA - Argentina is expected to announce later on Wednesday a plan to deal with its debt and boost the economy.
Prominent economist urges Argentina to float
ARGENTINA - An international economist who has been one of the most prominent advocates of Argentina's fixed exchange rate regime says the country should now float its currency.
A way out for Argentina
ARTICLE - The currency board cannot survive much longer. Ricardo Hausmann says it is time for a radical alternative.
Argentina seeks support for debt plan
ARGENTINA - Argentina was yesterday, Monday, scrambling to build international support for its planned debt restructuring, details of which are expected in the coming days.
Argentina draws up debt-swap plan
ARGENTINA - Argentina is preparing a new debt exchange aimed at easing its heavy interest burden, amid a raging debate as to whether the plan would in fact constitute a default.
S&P cuts Argentina's credit rating, bonds fall
ARGENTINA - Standard & Poor's on Tuesday 9 October cut Argentina's long-term sovereign credit rating to sit deep within junk bond territory, saying the government faces severe challenges in balancing its budget.
Argentina opens currency squabble
ARGENTINA - Argentine Economy Minister, Domingo Cavallo, has heightened economic tension in Latin America by accusing Brazilians of exacerbating the decline in the real.
Argentines flow cash back into banking system
ARGENTINA - Argentine depositors are returning money to the financial system, reassured by the recent decision of the International Monetary Fund to lend the country a further US$8-billion.
Argentine deposits up $257 mln to $75.09 bln
ARGENTINA - Total deposits in Argentina's banking system rose $257 million to $75.09 billion on 29 August, according to preliminary data released by the central bank.
Copom keep rates unchanged at 19% per year
BRAZIL - If the economic climate in Argentina is enough to keep the Central Bank in a state of alert, Brazil's weak second quarter GDP data only added to its concerns about the future of the Brazilian economy.
IMF says cash to reserves, Argentina decides use
ARGENTINA - The International Monetary Fund reiterated on 22 August that the money Argentina will receive under its new $8 billion program will go to central bank reserves, but it is then up to the country to decide how to use it.
IMF agrees extra cash for Argentina
ARGENTINA - After 12 tense days of talks, the International Monetary Fund (IMF) agreed to increase its funding to crisis-hit Argentina by $8bn.
IMF News Brief
REPORT - A news release from the International Monetary Fund, 21 August, detailing the recommend addition of US$8 billion to Argentina's stand-by credit.