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Latin America Argentina

  • BUENOS AIRES, July 20- Argentina on Thursday suspended a tax on foreigners' capital gains, just two days after it had been announced, after market participants complained the surprise move was inconsistent with President Mauricio Macri's pro-market agenda. In a notice in Argentina's official gazette on Thursday, tax collection agency AFIP said the 13.5...

  • HONG KONG/ BUENOS AIRES, July 18- China's central bank said on Tuesday it has extended a bilateral swap agreement with Argentina with both countries signing a 70 billion yuan swap deal for another three years. Argentina's former President Cristina Fernandez first inked a swap agreement with China in 2009 as a means of boosting dwindling reserves her...

  • BUENOS AIRES, July 17- Argentina's new subsidized mortgage scheme is gathering steam, boosting construction activity and winning over the middle class ahead of mid-term elections in October that will determine the future of President Mauricio Macri's market-friendly agenda. "For the middle class, which is large, all this spurs the economy and generates...

  • BUENOS AIRES, Argentina— Hundreds of police and security agents in riot gear clashed on Thursday with former employees and other activists at a recently closed PepsiCo plant in Argentina. More than 500 people lost jobs when PepsiCo closed the plant in the outskirts of Buenos Aires on June 20, citing "local challenges unique to the plant's residential location, a...

  • Brazil needs aggressive reforms to escape corruption crisis: Pro

    Juan Sartori, founder and chairman at Union Group, discusses the 10-year jail sentence for former Brazilian President Luiz Inacio Lula da Silva.

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • That was especially true in Mexico, where the peso has outperformed all other emerging-market currencies as fears over a U.S. trade war waned. Brazil bucked the trend as a political crisis continued to threaten President Michel Temer's grip on power. Analysts, who were expecting a rockier year for Latin American currencies, did not anticipate the recovery in...

  • July 5- Dallas- based Highland Capital Management LP is set to buy and expand an Argentina- focused hedge fund previously managed by Argentine fund firm MBA Asset Management, according to a person familiar with the situation. The fund currently has assets under management of $80 million, but the person said that figure could increase to between $400 million and...

  • An aerial view of the brine pools and processing plant of the Soquimich (SQM) lithium mine on the Atacama salt flat in northern Chile, on January 10, 2013.

    China private-equity firm GSR Capital aimed to buy as much as 20 percent of SQM, one of the world's biggest lithium producers, sources said.

  • BUENOS AIRES, July 4- Median inflation expectations for Argentina in 2017 held steady at 21.6 percent, unchanged from a month earlier and well above the central bank's target range of 12 percent to 17 percent, a poll of 54 economists published by the bank showed on Tuesday. Argentina's President Mauricio Macri is seeking to show signs that the economy is...

  • *Group's debt rises to over $7 billion. *COFCO gaining ground in South America. LONDON/ BEIJING/ BUENOS AIRES, June 26- As the world trade in farm commodities faces a shake-up, one the groups widely expected to play a leading role- China's COFCO- will probably have sit out the industry consolidation after all.

  • The breakeven price at the Loma Campana field is $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10 next year, said Pablo Bizzotto, executive manager at YPF's unconventional resources unit. "Ten dollars is world-class compared with the Permian" shale field in Texas, he told reporters this week during a tour of...

  • SANTIAGO, June 22- JetSmart, a low-cost airline set to launch this year in Chile, said on Thursday it will offer one-way tickets for less than $2, as the nation's passenger air market becomes increasingly competitive. "We will have 30,000 tickets for 1,000 pesos per one-way trip plus taxes, to fly within Chile... in 2017," JetSmart, owned by Indigo Partners, an...

  • BUENOS AIRES, June 22- Argentina's taste for beef from young calves- viewed as the most tender- is discouraging producers from raising the heavier cattle needed to restore the country's position as a top global beef exporter. The average weight of a slaughtered animal in Argentina in 2016 was 226 kg per animal, compared with 280 kg and 360 kg in competitors...

  • BUENOS AIRES/ NEW YORK, June 21- The surprise decision by benchmark investment index provider MSCI to not promote Argentina to its emerging markets stock index could delay much-needed investment in the country, showing that President Mauricio Macri's reform agenda is still far from complete, investors said on Wednesday. "The real damage that the MSCI's...

  • BUENOS AIRES/ NEW YORK, June 21- Argentine stocks tumbled and the countrys peso currency fell to a record low on Wednesday, a day after index provider MSCI surprised investors by not promoting the country to its emerging markets index. Argentina's benchmark Merval stock index slumped 5 percent, while the peso currency dropped as much as 2 percent to 16.47 per...

  • Argentine peso bills

    Argentina's recent foray into the bond market with a century-bond has a number of market analysts debating whether this is a good move from a country that is still reeling from past defaults.

  • MSCI decisions: How should you invest?

    Investors should look beyond the middle income economies making up the bulk of the MSCI EM indexes for higher growth, says Jay Jacobs, Global X Funds.

  • An investor watches stock price movements at a securities company in Beijing on June 15, 2016.

    The review is the fourth straight year MSCI has considered adding the mainland-traded stocks, known as A shares in China.