Latin America Argentina

  • "That's something we are not so willing to grant," said Dardo Chiesa, president of Argentine Rural Confederation, one of the country's main farmers associations. Grains powerhouse Argentina is the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. President Mauricio Macri was elected last year on promises of rejuvenating Argentina's...

  • Argentina's economic woes

    Argentina's unemployment rate rises since Mauricio Macri became the president of Argentina, CNBC's Seema Mody reports.

  • BUENOS AIRES, Aug 11- At a recent agricultural fair in Argentina, manufacturers of threshers, tractors and harvesting combines did so well that some encountered an unusual problem in an economy hit by recession and high inflation-- excess demand. Despite plenty of gloom about Argentina's economy, there are signs of green shoots in other areas of the economy as...

  • BUENOS AIRES, Aug 10- Things are looking up for Argentina's high-end real estate sector after it struggled for years under former President Cristina Fernandez's unorthodox economic policies, industry leaders told Reuters this week. Eduardo Costantini has made a name for himself in recent decades with luxurious residential mega-projects, such as the...

  • BUENOS AIRES, Aug 10- Argentina is making strides in opening up its economy to foreign investment after years of hostility to free enterprise but still has a way to go to catch up to some of its market friendlier neighbors, investors say. Foreign investment is crucial to President Mauricio Macri's efforts to remake Argentina's economy along less statist and...

  • BUENOS AIRES, Aug 10- Argentina is making strides in opening up its economy to foreign investment after years of hostility to free enterprise but still has a way to go to catch up to some of its market friendlier neighbors, investors say. Foreign investment is crucial to President Mauricio Macri's efforts to remake Argentina's economy along less statist and...

  • Costantini, president of asset management and real estate firm Consultatio, has made a name for himself in recent decades with luxurious residential mega-projects, such as the massive Nordelta community north of Buenos Aires. In an interview on Tuesday as part of a Reuters Summit event on Argentina, he said a high-end real estate recovery that began with an...

  • BUENOS AIRES, Aug 10- Argentine billionaire Eduardo Eurnekian is eyeing a $1 billion listing in New York of the network of domestic airports his company controls before the end of the year, he told Reuters. Eurnekian is the 83- year-old founder and president of Corporacion America, a holding company for businesses ranging from infrastructure to technology, and...

  • BUENOS AIRES, Aug 10- Argentina's government is planning to send a bill to Congress to modify capital markets in the coming weeks, Argentine Finance Minister Alfonso Prat-Gay said on Wednesday, speaking at a Reuters Summit on Argentina.

  • BUENOS AIRES, Aug 10- President Mauricio Macri said Argentina's economy will grow 3.5 percent in 2017, driven by fresh investment as the country recovers from recession and stubbornly high inflation. The first was farming, "he said in an interview at the Casa Rosada presidential palace on Monday as part of a Reuters Summit event on Argentina.

  • Secretary of State John Kerry on Thursday urged Argentina to be patient with the slow pace of economic progress under its new government, and urged Venezuela to allow a vote this year on whether to recall President Nicolas Maduro. In his first trip to Argentina as America's chief diplomat, Kerry praised President Mauricio Macri, a free-markets proponent who...

  • A shopping district in Rio de Janeiro

    After a rocky stock, U.S. stocks are doing well in 2016, and emerging markets are doing even better, but strategists recommend staying away.

  • BUENOS AIRES, Aug 3- An Argentine court upheld a ruling by a lower circuit to block government-proposed hikes in electricity tariffs, local media reported late Wednesday, a ruling that could complicate the state's bid to reduce Argentina's fiscal deficit. The issue is now likely to go to Argentina's Supreme Court, although the federal court ruling will affect...

  • BUENOS AIRES, Aug 3- An Argentine court upheld a ruling by a lower circuit to block government-proposed hikes in electricity tariffs, local media reported late Wednesday, a ruling that could complicate the state's bid to reduce Argentina's fiscal deficit. The issue is now likely to go to Argentina's Supreme Court, although the federal court ruling will affect...

  • BUENOS AIRES, Aug 3- Argentina's finance minister said on Wednesday that the nation will see "concrete growth" by the end of the year due to the free-market reforms of the current government despite some slow-to-recover sectors in the South American country. "The toughest part in terms of economic activity has already passed," Alfonso Prat-Gay told a gathering of...

  • BUENOS AIRES, Aug 3- Most Latin American currencies are set to stabilize further because of growing optimism on policy fine-tuning, although the Mexican peso is increasingly prone to agitation over the U.S. election in November, a Reuters poll showed on Wednesday. This remarkable tightening of the gap between the strategists' projection and the current rate of...

  • BUENOS AIRES, Aug 1- Argentina's securities regulator is "optimistic" that tax amnesty laws introduced by the new center-right government will boost investment in the local market, the body's head told Reuters in an interview on Monday. Financial instrument investment has long been light in Argentina, Latin America's third largest economy, and liquidity all...

  • BUENOS AIRES, July 29- The presidents of Argentina and Mexico agreed to deepen a pre-existing commercial accord on Friday, in a bid to set the groundwork for a bilateral free trade agreement. "Starting from the deepening of the ACE 6, we hope to have a free-trade agreement next year," Argentine President Mauricio Macri said at the Argentina-Mexico Economic Forum...

  • Trash is burned in an area where garbage is dumped near the main highway linking Rio's international airport to the city in the Mare favela community complex on July 18, 2016 in Rio de Janeiro, Brazil.

    Brazil and Argentina are seeing similar upswings in their markets, but Morgan Stanley's Ruchir Sharma says Brazil is an "ugly" investment.

  • Brazilian soldiers stand on patrol during a security rehearsal of the Rio 2016 Olympic Games opening ceremony outside Maracana stadium on July 17, 2016 in Rio de Janeiro, Brazil.

    Brazil arrested 10 people suspected of belonging to a group supporting IS and discussing terrorist attacks on the Rio Olympic Games.