Latin America Argentina

  • cheer fades@ Sept 20- An index of Latin American currencies fell on Friday, set for its first weekly loss in three, as optimism over a fresh round of stimulus for emerging economies was offset by doubts about progress in U.S.- China trade talks. MSCI's index of Latin American currencies fell 0.4% with Brazil's real hovering at two-week lows. China cut its new...

  • BUENOS AIRES, Sept 20- Argentine bond prices rose and risk spreads tightened on Friday after the government submitted a debt renegotiation framework bill to Congress the night before, lending some clarity to how Argentina will respond to its latest financial crisis. "The presentation of the debt bill increased expectations among investors, hence the...

  • LONDON, Sept 20- This year's fall in borrowing costs and renewed stimulus from central banks is lifting emerging markets' prospects but the outlook is not universal: concerned by Argentina's meltdown, investors are checking where the next crisis might lurk. Apart from Argentina and Venezuela, Lebanon and Zambia are the only other countries whose...

  • BUENOS AIRES, Sept 20- Unusually dry weather is making Argentine farmers nervous as they wait for October rains to revive parched corn crops, adding to uncertainty around next month's presidential election that could see business-friendly incumbent Mauricio Macri lose power. "We are sailing without a compass and in the mist," said Francisco Santillan, a grower...

  • BUENOS AIRES, Sept 19- Argentina's finance ministry said on Thursday it has submitted to Congress a draft law that would act as a framework for the indebted country to renegotiate the terms of its domestic bonds. In a summary of the draft law, the Ministry of Treasury said it would help reduce Argentina's default risk and smooth the path for whoever wins the...

  • SINGAPORE, Sept 20- Chicago corn futures ticked lower on Friday, but were on track for their second weekly gain as higher-than-expected U.S. weekly exports underpinned sentiment. *The Chicago Board of Trade most-active corn contract was up nearly 1% this week, while soybeans have lost almost 1%. *The U.S. Department of Agriculture in a weekly export sales report...

  • BUENOS AIRES, Sept 19- Argentina's hard-hit economy edged out of recession in the second quarter of the year, expanding by a slight 0.6% on the back of a strong showing in the farming sector even as the South American nation braces for a weakening economic outlook ahead. The expansion, revealed by Argentina's statistics agency on Thursday, marked the first...

  • BEIJING/ BUENOS AIRES, Sept 19- China's customs office said on Thursday it had granted export licenses to some Argentine meat-processing plants, as the Asian country looks to plug a supply gap after an African swine fever outbreak decimated China's pig herds. Beijing approved seven Argentina poultry plants for exports to the world's top meat market last week,...

  • *USDA reports soybean, corn export sales above forecasts. CHICAGO, Sept 19- U.S. soybean futures firmed on Thursday as strong weekly export sales data and hopes for progress toward a U.S.- China trade deal more than offset pressure from a crop-boosting Midwest weather forecast. Chicago Board of Trade November soybeans were up 3 cents at $8.91-3/ 4 a bushel by...

  • PARIS/ SINGAPORE, Sept 19- Chicago wheat inched higher on Thursday, holding close to a five-week high struck a day earlier as traders assessed dry weather risks around the world while awaiting a fresh demand pointer from weekly U.S. export sales data. The most-active wheat contract on the Chicago Board Of Trade was up 0.2% at $4.90-1/ 2 a bushel, as of 1143 GMT, having...

  • BEIJING, Sept 19- China's customs office said on Thursday it granted export licences to some Argentine meat-processing plants, as the Asian country looks to plug a supply gap after an African swine fever outbreak decimated China's pig herds. Beijing approved seven Argentina poultry plants for exports to the world's top meat market last week, according to the...

  • SINGAPORE, Sept 19- Chicago wheat futures slid on Thursday, easing from their highest in more than five weeks although concerns over supplies from the Southern Hemisphere provided a floor under the market. The most-active wheat contract on the Chicago Board Of Trade lost 0.6% at $4.86-3/ 4 a bushel, as of 0252 GMT, having climbed to its highest since Aug. 12 at...

  • BUENOS AIRES, Sept 18- Argentina's senate overwhelmingly approved a law on Wednesday that will increase state funds dedicated to fighting hunger and improving nutrition as the country grapples with stifling inflation and increased poverty. It was proposed by opposition lawmakers, including those from the party of Alberto Fernandez, Peronist opposition...

  • BUENOS AIRES, Sept 18- Argentina said it would increase fuel prices by 4% on Wednesday to account for volatility in the international oil market after weekend attacks on Saudi Arabia's oil infrastructure. The announcement comes as a modification to the 90- day fuel price freeze announced by President Mauricio Macri in August in an effort to protect hard-hit...

  • *USDA fails to report any new soy purchases by China. Midwest weather that has helped accelerate crop maturity in corn and soybeans and worrisome dryness in South America, where farmers in Argentina and Brazil are preparing to plant their next crops. Chicago Board of Trade November soybeans fell 5 cents to settle at $8.88-3/ 4 a bushel, while December corn rose 3-1/...

  • *USDA fails to report any new soy purchases by China. Midwest weather that has helped accelerate crop maturity in corn and soybeans and worrisome dryness in South America, where farmers in Argentina and Brazil are preparing to plant their next crops. Chicago Board of Trade November soybeans fell 3-3/ 4 cents to $8.90 a bushel by 12:33 p.m. CDT while December corn...

  • BUENOS AIRES, Sept 18- Argentina's economy is likely to have expanded slightly in the second quarter of the year, a Reuters poll showed, with weak industrial activity and construction weighing on a stronger showing from the country's farm export sector. Argentina's official statistics agency INDEC is expected to report official GDP data for the second...

  • BERLIN, Sept 18- Germany's engineering association VDMA on Wednesday urged European lawmakers to swiftly ratify a free trade deal between the European Union and the Mercosur bloc of South American countries despite concerns over Brazil's environmental record. Brazil is under pressure from European countries over its environmental policies, in...

  • Sept 17- Huobi Group, which runs one of the world's largest cryptocurrency exchanges, announced on Tuesday the official launch of a digital asset exchange in Argentina. Crisis-hit emerging market countries such as Argentina that are constantly dealing with persistent concerns about fiat currency devaluation are increasingly turning to bitcoin and other...

  • BUENOS AIRES, Sept 16- The Argentine government will step up security in the Vaca Muerta oil fields by placing the shale formation under the jurisdiction of the military police, the Ministry of Security said on Monday. Vaca Muerta is viewed as a key source of foreign exchange for Argentina`s struggling economy by both President Mauricio Macri's government and...