Latin America Argentina

  • BUENOS AIRES, July 11- The center-right government of Argentine President Mauricio Macri will put a new cap on increases to natural gas prices, it said on Monday, even as it pledged to appeal a court ruling that recently halted the hikes. A forthcoming resolution will cap the rise in natural gas bills at 400 percent for consumers and 500 percent for businesses, said...

  • Argentinian President Mauricio Macri

    Argentine President Mauricio Macri says he thinks he can convince soccer-star Lionel Messi to stay in the game.

  • Mauricio Macri, President of Argentina, at the 2016 Sun Valley conference in Sun Valley, Idaho.

    Globalization may be the key to boosting Argentina's economy, Argentine President Mauricio Macri told CNBC on Thursday.

  • Argentine President: Argentina a bright spot in the world

    Argentine President Mauricio Macri talks to CNBC's Julia Boorstin about turning around his country's economy.

  • BUENOS AIRES, June 28- "Gold is not the only thing that shines. There is also corn, "according to a seed company ad in Argentina, touting the hashtag# LaFiebreDelMaiz. In Don Mario today there aren't any bags of corn, "said Obdulio San Martin, the general manager for southern cone operations of Don Mario, the second-largest seed dealer in Argentina.

  • Lionel Messi retires from Argentina after missing penalty kick

    The 29-year-old soccer star calls it quits after losing to Chile in the Copa America final.

  • BUENOS AIRES, June 24- Argentina's new statistics chief battled outdated surveys, disgruntled employees, and even cancer as he raced to revamp the country's notoriously unreliable inflation figures. His efforts led to the publication last week of what many analysts called Argentina's first reliable consumer price report in nearly a decade, but Indec...

  • SINGAPORE, June 24- Chicago corn lost around 2 percent on Friday while soybeans and wheat gave up more than 1 percent as Britain's vote to leave the European Union rattled global financial and commodity markets. Carnage came to world markets after results showed a near 52 percent voted for Britain's exit from the European Union, sending sterling on a record...

  • SINGAPORE, June 24- Chicago corn, soybeans and wheat slid around two percent on Friday as Britain's vote to leave the European Union hammered global financial and commodity markets. Carnage came to world markets as major television networks said Britain had voted to leave the European Union, sending sterling on a record plunge and pummelling share markets...

  • *Corn down 11 pct this week, most since June 2013. SINGAPORE, June 24- Chicago corn futures were on track to post their biggest weekly loss in three years on Friday as improving U.S. crop weather prompted investors to liquidate long positions. The Chicago Board of Trade most-active corn contract has given up more than 11 percent this week, the most since June 2013,...

  • *Corn down 11 pct this week, most since June 2013. SINGAPORE, June 24- Chicago corn futures were on track on Friday for their biggest weekly loss in three years as improving U.S. crop weather prompted investors to liquidate long positions. The Chicago Board of Trade most-active corn contract has given up more than 11 percent this week, the most since June 2013, while...

  • NEW YORK, June 23- A former JPMorgan Chase& Co executive indicted eight years ago for allegedly embezzling about $5.4 million from clients at the bank and at prior employer UBS AG pleaded not guilty on Thursday after being extradited from Argentina. Hernan Arbizu, who fled to Argentina where he became involved in a tax-evasion probe involving the bank, entered...

  • A pedestrian looks at prices displayed on digital screens at a foreign currency exchange bureau in London, U.K., on Wednesday, June 22, 2016.

    While Britain possibly voting to leave the EU has been talked about in U.K. assets, the bigger question is what happens to the rest of the world.

  • BUENOS AIRES, June 21- Argentina could soon see a boom in initial public offerings, investment bankers and market sources said, thanks to economic reforms and a potential upgrade of the country's "frontier market" status. Before that, Argentina had not had an IPO since 2010.. The expected offerings are part of a broader pro-market shift in Argentina as...

  • The bucket of a drag line unearths phosphate at the Mosaic Co. South Fort Meade phosphate mine in Fort Meade, Florida, U.S., on Thursday, July 9, 2015.

    Mosaic, the world's top producer of concentrated phosphate, has entered talks to buy Vale's fertilizer unit, sources familiar with the matter said.

  • BUENOS AIRES, June 16- The economic recovery promised by Argentine President Mauricio Macri for the second half of this year looks so unlikely it has become the butt of jokes on Twitter. But at the Bokitas soup kitchen in Buenos Aires, poor families squeezed between high inflation and a stagnant jobs market aren't laughing. They can't wait a year, "said Lorena Diaz,...

  • Bond market under Macri

    Walter Stoeppelwerth, CIO of asset management at Balanz Capital talks about Argentina’s leader, Mauricio Macri, and his economic team and how they may revolutionize the country.

  • BUENOS AIRES, June 15- Argentine consumer prices boomed 4.2 percent higher in May, the government's newly revamped statistics agency said on Wednesday, outpacing market expectations and underscoring the need to tame the inflation ravaging Latin America's No. 3 economy. The market had expected a 3.8 percent increase in consumer prices, according to a Reuters...

  • BUENOS AIRES, June 15- Argentina said on Wednesday consumer prices rose 4.2 percent in May from the prior month, above market expectations of 3.8 percent for the first official inflation data since President Mauricio Macri became president in December. Most private analysts had questioned the credibility of government data under Macri's predecessor,...

  • A combination of buoyant demand and supply-side jitters is supporting prices of soybeans and corn after several years of glut-driven pessimism.