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  • The talks would mark a major breakthrough in the dispute, which has caused Argentina to be shut out of the international capital markets and encouraged the prior governments of both Cristina Fernandez and Nestor Kirchner to adopt unorthodox economic policies. Daniel Pollack, a New York lawyer who is the mediator, said in a statement that he met for about one...

  • BUENOS AIRES, Dec 18- Argentine farmers are slowly starting to sell their soy and corn stockpiles now that newly elected President Mauricio Macri has devalued the currency and needs export dollars to help rev up central bank reserves left thin by the previous government. The price is right and I have to pay many inputs and costs, "said Santiago del Solar, who farms...

  • BUENOS AIRES, Dec 17- The currency devaluation set to kick off in Argentina on Thursday is expected to pump millions of tonnes of pent up grains supply into the international market at a time when the world is already seeing record stockpiles. "There is strong demand for grains in the Middle East and Asia. So $400 million in sales per day is realistic, considering the...

  • BUENOS AIRES, Dec 17- Argentina's peso was expected to weaken by about 30 percent when markets open on Thursday after the country's new government announced a slew of free-market reforms, including the floating of the currency. The changes outlined on Wednesday by Finance Minister Alfonso Prat-Gay ditched the controls that the previous administration had...

  • BUENOS AIRES, Dec 16- Argentina said on Wednesday it was lifting its currency controls and would allow the peso to float when markets open, setting the stage for a sharp devaluation, following promises by President Mauricio Macri for reforms in order to increase exports and spur economic growth. Macri, a free-market advocate who took office last week, has vowed to...

  • BUENOS AIRES, Dec 14- Argentine President Mauricio Macri said he would sign a decree on Monday eliminating corn and wheat export taxes as part of his plan to revitalize the country's massive farm sector after years of antagonism with the government. Argentina is a major producer of grains and livestock. Macri, who promises free-market solutions to Argentina's...

  • For investors, no more crying for Argentina? Saturday, 12 Dec 2015 | 4:00 PM ET
    Argentina's President Mauricio Macri waves after being sworn-in as president at Casa Rosada Presidential Palace in Buenos Aires, Argentina, December 10, 2015.

    Observers are hopeful Argentina's new president can distance the country from the policies of Cristina Fernandez de Kirchner.

  • BUENOS AIRES, Dec 10- Mauricio Macri took office as Argentina's first non-Peronist president in 16 years on Thursday, ending more than a decade of leftist populism with a promise to revive the South American country's ailing economy. "Multiplying job opportunities is the only way to achieve prosperity where, today, there is an unacceptable level of poverty,"...

  • NEW YORK, Dec 9- A court-appointed mediator in the Argentina debt dispute said on Wednesday that the country's incoming secretary of finance intends to begin settlement talks in the long-running litigation "promptly." Pollack said he also met a week earlier with representatives of bondholders holding $10 billion in judgments against Argentina.

  • BUENOS AIRES, Dec 6- The government of Argentina's president-elect Mauricio Macri said Sunday that it will seek to dismantle a series of capital controls propping up the peso as soon as possible, aiming for December 14 if the central bank is under new management. Macri has previously demured on giving details on his strategy to lift outgoing president Cristina...

  • BUENOS AIRES, Dec 6- Argentina's incoming finance minister, Alfonso Prat-Gay, will aim to lift currency controls and unify the country's multi-tiered exchange rate from Dec. 14, a few days after the new government assumes power, Prat-Gay told local media Sunday. President-elect Mauricio Macri picked Prat-Gay, a former JP Morgan executive and ex-central bank...

  • BUENOS AIRES, Dec 2- Venezuelan President Nicolas Maduro must be encouraged to ensure Sunday's parliamentary election is democratic, Argentina's Foreign Minister-designate Susana Malcorra said on Wednesday. His advisers call the bilateral relationship with Brazil, Argentina's main trade partner, a top foreign policy priority. Malcorra said...

  • BUENOS AIRES, Dec 2- Argentina's President-elect Mauricio Macri on Wednesday expressed confidence a deal could be reached next year with U.S. creditors suing the country over unpaid debt. Argentina's decade-long legal battle with a small group of U.S. investment firms tipped the South American country back into default in July last year.

  • BUENOS AIRES, Dec 1- Argentina's farmers are racing to plant more corn now a new farm-friendly government is taking power, increasing the area planted by 10 percent over previous estimates, and making more exports likely from one of the world's biggest suppliers. Mauricio Macri will become president of Argentina, one of the world's biggest corn and soybean...

  • *Ukraine, Venezuela, Argentina 2015 top global performers. LONDON, Nov 30- Labelled the emerging market "toxic trio" until not so long ago, the high-yielding bonds of Ukraine, Argentina and Venezuela have come up smelling of roses for those who were brave enough to buy into them at the start of the year. Ukraine's debt restructuring, pro-business Maurico Macri's...

  • Macri, who won Argentina's presidential election on Sunday, named several former businessmen who are deeply critical of outgoing President Cristina Fernandez's interventionist policies to key Cabinet positions. Former Shell Argentina executive Juan Jose Aranguren will be energy minister and the former Buenos Aires city bank chief Federico...

  • BUENOS AIRES, Nov 25- American Airlines has stopped accepting Argentine pesos to pay for tickets due to currency controls that make it hard to convert receipts into U.S. dollars, local media and one of the airline's sales agents said on Wednesday. It started two days ago, "said an American Airlines sales agent contacted by Reuters. American Airlines, however, will...

  • BUENOS AIRES, Nov 24- Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the country over unpaid government debt. That will mean finding a quick way to bolster the central bank's dwindling foreign currency reserves, which have fallen to a nine-year low below...

  • BUENOS AIRES, Nov 24- Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the South American country over unpaid sovereign debt, he told the daily Clarin newspaper. The pro-business Macri, who narrowly won Sunday's presidential election, vows to get...

  • "All the signs are positive. reaffirms the vision that Brazil is a strategic partner, he backs the position that Mercosur be more open to other international networks," Trade Minister Armando Monteiro told Reuters while on an official trip to Chile's capital Santiago. Mercosur is a customs union comprising Brazil, Argentina, Uruguay, Paraguay and Venezuela.