Latin America Argentina

  • BUENOS AIRES, April 27- Argentine President Mauricio Macri repeats the aim of his economic policies so often it has become a mantra: "zero poverty". "You can feel the blow," said Raul Costilla, 42, a father of three in a slum south of Buenos Aires, who is struggling to make ends meet amid soaring bus fares and natural gas prices. As a result, nearly 33 percent of Argentines now...

  • Argentina's triumphant return

    CNBC's Kate Kelly reports on Argentina's latest bond sale, the largest debt deal ever.

  • BUENOS AIRES, April 22- Argentina paid creditors on Friday who had refused debt restructurings after a record 2002 default, closing the book on nearly a decade of messy litigation as new President Mauricio Macri embraces global financial markets. District Judge Thomas Griesa in Manhattan confirmed the payments and issued an order allowing Argentina to...

  • BUENOS AIRES, April 22- Argentina began paying more than $9 billion on Friday to creditors who refused debt restructurings after a record 2002 default, closing the door on messy litigation that had kept the country away from global financial markets ever since. President Mauricio Macri has focused on getting Argentina out of default since he took office in...

  • BUENOS AIRES, April 21- Argentina and one of its main grains exchanges slashed their soy harvest forecasts on Thursday, citing fierce storms that have swamped parts of the Pampas farm belt and helped boost benchmark prices to eight-month highs. Big importers like China have already started looking to the Midwest to make up for an expected fall in Argentine...

  • Santelli Exchange: Junk food

    CNBC's Rick Santelli looks at Argentina's debt deal.

  • BUENOS AIRES, April 20- Much of Argentina's soy crop has been swamped by 20 days of merciless rain, threatening a loss of supply from the world's top exporter of soymeal livestock feed and its No. 3 supplier of beans, meteorologists said on Wednesday. A weak harvest from such a major supplier would put upward pressure on world food prices and be bad news for new...

  • BUENOS AIRES, April 19- Marking a rare bright spot among gloomy emerging markets, Argentina sold $16.5 billion of sovereign debt on Tuesday in its first international bond issue since its record 2002 default. Argentina received offers worth $68.6 billion from investors around the world, two third of them based in the United States, Finance Minister Alfonso...

  • Argentina's return to the bond market

    Argentina is offering its first debt offering since 2001, reports CNBC's Seema Mody.

  • BUENOS AIRES, April 19- Argentina burst back onto the global financial stage on Tuesday with its first sovereign bond offer since the country's 2002 default, hoping to pave the way for new President Mauricio Macri to get Latin America's No. 3 economy growing again. Calling the transaction "tremendously successful," Finance Minister Alfonso Prat-Gay said the...

  • QE is a new financial bubble: Philip Jennings

    Philip Jennings, general-secretary at UNI Global Union, discusses problems in Argentina's economy and says QE is forming another financial bubble.

  • Argentina's President Mauricio Macri (R) and President Barack Obama leave after posing at the Casa Rosada government house in Buenos Aires, March 23, 2016.

    Argentina returned to the international bond markets for the first time in 15 years on Monday as it winds down a long-running battle with investors following its 2001 default, IFR reported.

  • CUBATAO, Brazil, April 18- On a warm September morning in 2014, the 10- man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. The tense impasse marked a new deterioration of a conflict between the two controlling shareholders that has now left the survival of Brazil's largest producer of flat steel in doubt.

  • BUENOS AIRES, April 15- A bank and a business group are likely to launch Argentina's first initial public offerings in over five years as foreign investors take new interest in Latin America's third largest economy, the head of the Buenos Aires Stock Exchange said. Adelmo Gabbi, president of Argentina's principal stock exchange, said he expected the IPOs to be...

  • Argentina is preparing to launch its first international bond issue in 15 years next week, raising up to $15 billion to firm up government financing and settle litigation that followed its record $100 billion default in 2002.. Moody's upgraded Argentina to B3 with a stable outlook, six levels below investment grade. Argentina on Friday confirmed the names of...

  • Argentina's President Mauricio Macri (R) and President Barack Obama leave after posing at the Casa Rosada government house in Buenos Aires, March 23, 2016.

    Argentina confirmed the seven banks managing its upcoming bond issue in the government's official gazette on Friday.

  • WASHINGTON, April 14- Argentina hopes it won't have to tap international capital markets again in 2016 after it sells up to $15 billion in debt next week, its first such sale since the country's 2002 default, Finance Minister Alfonso Prat-Gay said on Thursday. "We're trying very hard for this issue to be the last issue of this year," Pray-Gay said at an event on the...

  • BUENOS AIRES, April 14- Argentina's biggest city vowed to punish Uber Technologies Inc on Thursday for defying a ban and President Mauricio Macri showed solidarity with cab drivers as the ride-hailing company opened a new front in its battle with the taxi industry. Uber's launch in Buenos Aires this week met with widespread protests by drivers of the city's...

  • Maximo Cavazzani

    The mastermind behind the popular gaming app Trivia Crack shares his tips for how to come up with the next killer app.

  • NEW YORK/ BUENOS AIRES, April 13- A U.S. court ruling on Wednesday cleared the way for Argentina to pay its debts and return to global credit markets early next week, as a new president tries to turn the page on almost a decade and a half of messy defaults and litigation. Argentina plans on Monday to launch the sale of its first international bond issue in 15 years,...