Latin America Argentina

  • BUENOS AIRES, July 15- Argentina has requested several modifications to its $57 billion International Monetary Fund financing deal, including that the lender support a tougher primary fiscal surplus target to help hammer home the country's commitment to trimming back its debt. Argentina requested an expansion of the end-September primary fiscal goal to a...

  • IMF ESTIMATES ARGENTINA ECONOMY WILL SHRINK 1.3% IN 2019, COMPARED WITH PREVIOUS ESTIMATE OF 1.2%.

  • IMF SAYS ARGENTINA ASKED TO INCREASE END-SEPTEMBER GOAL FOR PRIMARY FISCAL BALANCE FROM 60 BLN PESOS TO 70 BLN PESOS.

  • IMF APPROVES FOURTH REVIEW OF ARGENTINA'S STANDBY DEAL, WILL DISPERSE $5.4 BLN.

  • IMF ESTIMATES ARGENTINA INFLATION WILL EXCEED 40% IN 2019, UP FROM PREVIOUS ESTIMATE OF 30.5%.

  • BUENOS AIRES, July 15- Argentina requested several modifications to its $57 billion International Monetary Fund financing deal, including an increase in its end-September goal for the country's primary fiscal balance, the fund said on Monday. Argentina requested an expansion of the primary fiscal goal to a stricter 70 billion pesos, up from 60 billion pesos,...

  • July 15- Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argentina's peso dropping on a Moody's outlook cut. Economists cut their 2020 growth forecasts for Latin America's largest economy to a new low, despite...

  • BUENOS AIRES, July 11- Cold and mostly dry conditions over the past week in Argentina have bolstered wheat planting for the 2019/ 20 season, helping get rid of excess moisture that had delayed sowing in some areas, the Buenos Aires grain exchange said on Thursday. Argentina, a major global wheat exporter, is aiming to plant 6.6 million hectares of the grain, up from 6.2...

  • BUENOS AIRES, July 11- The World Bank said on Thursday it approved a $500 million loan to Argentina, the second disbursement of a billion-dollar financing package it announced last year, the latest foreign cash injection for the country's flailing economy. The aim of the financing package, approved in November 2018, is to help Argentina cover budget needs and...

  • Federal Reserve's dovish stance, while assets in Brazil underperformed as the euphoria over the pension reform vote waned. All five of the Mexican central bank's board members agreed the slowdown in Mexico's economy had been larger than anticipated, with "signs of weakness" in the second quarter, minutes from the June 27 monetary policy meeting showed on...

  • Latam FX@ July 10- Expectations of passage of a landmark pension reform bill in Brazil's lower house pushed Sao Paulo stocks to historic highs on Wednesday, while Latin American currencies benefited from a softer dollar after Fed chair Jerome Powell's dovish comments. The Bovespa rose more than 1% helped by optimism over the pension reform bill, with the lower...

  • July 9- Mexico's peso and stock market fell on Tuesday after Finance Minister Carlos Urzua quit abruptly with a scathing resignation letter, while trading volumes for the rest of region were muted, with markets closed in Brazil and Argentina. Both pared losses after President Andres Manuel Lopez Obrador appointed deputy finance minister Arturo Herrera to...

  • BUENOS AIRES, July 9- Fernando de la Rua, who led Argentina through a debilitating economic depression that eventually led to the country's record sovereign debt default, died on Tuesday after falling ill with heart problems. Argentina's current president Mauricio Macri sent condolences on social media, saying De la Rua's service deserved the "recognition of...

  • With financial markets closed in Brazil and Argentina for a local holidays, trading was largely muted ahead of Fed chief Jerome Powell's testimony to the Congress and release of minutes on Wednesday from the U.S. central bank's last policy meeting. Mexico's central bank targets inflation of 3%. In a potential boost to Brazil's markets on Wednesday, surveys...

  • The real firmed to 3.8057 per dollar after Brazilian House speaker Rodrigo Maia said on Saturday he expects the lower house of Congress to begin voting on the bill on Tuesday. A special pension reform committee in Congress passed the basic text of a bill that aims to generate savings of around 1 trillion reais over 10 years, shore up public finances, and spur...

  • SAO PAULO, July 5- A trade deal between the European Union and South America's Mercosur bloc of countries could facilitate other agreements and open up new markets for Brazil's massive beef-packing industry, a trade group said. He mentioned Indonesia and Thailand as prospective new markets for Brazil, the world's biggest beef exporter with sales of around $7...

  • Regional currencies lost between 0.03% to 0.7%, with Brazil's real slipping from three-month highs hit last session, as the dollar climbed 0.5%. "It reduces the scope for a 50 bp cut this month, though does little to alter the easing narrative linked to the Fed," strategists at TD Securities wrote in a note. Brazil's real fell 0.4% after a strong rally on Thursday...

  • RIC= BRL= poll data on Brazil's real. BUENOS AIRES, July 5- Brazil's real is waiting for an imminent breakthrough of President Jair Bolsonaro's social security overhaul in Congress to consolidate recent gains after a volatile first-half of 2019, a Reuters poll showed. Bolsonaro's government hopes a lower house plenary will pass the retirement bill before...

  • BUENOS AIRES, July 4- Argentina, fresh from striking a free-trade deal with the European Union, is now discussing another possible deal with the United States, President Mauricio Macri said on Thursday. The center-right president, speaking at an industry event, said that Argentina and Latin American neighbor Brazil were talking about the free-trade deal with...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices edged higher on Wednesday ahead of a U.S. holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.