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Latin America Argentina

  • 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.

  • Members of the federal police show a bust relief portrait of Nazi leader Adolf Hitler at the Interpol headquarters in Buenos Aires, Argentina, on June 16, 2017.

    Police believe they have found the biggest collection of Nazi artifacts in the country's history, consisting of some 75 objects.

  • A trader works on the floor of the Buenos Aires Stock Exchange in Buenos Aires, Argentina

    Argentina sold $2.75 billion of a hotly demanded 100-year bond in US dollars Monday, just over a year after emerging from its latest default.

  • BUENOS AIRES/ NEW YORK, June 19- Argentina sold $2.75 billion of a hotly demanded 100- year bond in U.S. dollars on Monday, just over a year after emerging from its latest default, according to the government. Argentina is going to the international capital markets to help finance a fiscal deficit of 4.2 percent of gross domestic product this year.

  • BUENOS AIRES/ NEW YORK, June 19- Argentina sold $2.75 billion of a hotly demanded 100- year bond in U.S. dollars on Monday, just over a year after emerging from its latest default, according to the government and Thomson Reuters' IFR. The new bond issue offered a coupon of 7.125 percent, the finance ministry said in a statement that hailed success of the sale as evidence...

  • BUENOS AIRES/ LONDON, June 19- Argentina has offered a 100- year bond in U.S. dollars, the finance ministry said on Monday, just over a year after the nation emerged from default. Still the move came as a surprise given Argentina only last year ended a decade-long dispute with creditors over its 2002 default and residents tend to frown upon accumulating debt in...

  • BUENOS AIRES/ LONDON, June 19- Argentina has offered a 100- year bond in U.S. dollars, the finance ministry said on Monday, only just over a year after the nation emerged from default. Investors said there would be appetite for the bond with a yield of 7.9 percent, given the low yields elsewhere in the fixed income market and the need for pension funds to lock in long term...

  • VATICAN CITY— Pope Francis has long railed against corruption and the mafia, but now the Vatican is considering developing a whole doctrine around excommunicating corrupt and mafia-tinged Catholics. Organizers said in a statement Saturday that the time had come to develop a new legal doctrine for the Catholic Church around "the question of excommunication...

  • BUENOS AIRES, June 15 (Reuters)- A judge told a radio station in the Argentine province of San Juan that he had lifted a suspension on leaching operations at Barrick Gold Corp's Veladero mine on Thursday. It also lowered its forecast for total 2017 gold production in the first quarter, largely reflecting the sale of a 50- percent stake in Veladero to Shandong Gold...

  • BUENOS AIRES, Argentina— Ernestina Herrera de Noble, the longtime publisher of Argentina's Clarin newspaper who helped build one of Latin America's largest media conglomerates, died on Wednesday at age 92.. Under her leadership, the Grupo Clarin bought dozens of cable systems, radio stations and TV channels in addition to its flagship daily paper.

  • BUENOS AIRES, June 14- Ernestina Herrera de Noble, publisher of Argentina's most widely circulated newspaper and one of the country's wealthiest women, died in Buenos Aires on Wednesday, a spokesman for Grupo Clarin confirmed. Late in her tenure, Grupo Clarin, which is listed on the Buenos Aires bourse, became locked in a dispute with former Argentine President...

  • Zumba creator Beto Perez

    A Kauffman study reveals immigrants are more likely to be entrepreneurs vs. native-born Americans. Here are 5 Latinos who made it big.

  • MEXICO CITY/ BERLIN, June 10- Chancellor Angela Merkel is seeking to bolster support among G20 members for tackling climate change ahead of a summit in Hamburg next month, while trying to avoid giving the impression she is rallying an anti-U.S. alliance, German government sources say. Merkel told an audience in Argentina on Friday that as host of the G20, she would...