Business News Buenos Aires

  • 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...

  • UNITED NATIONS, Sept 16- As some world leaders question whether the world is facing a climate emergency, more than a dozen cities are stepping up to tackle global warming and sustainable development and will next week pledge to report their progress to the United Nations. Sixteen cities will commit to implementing global goals to end poverty, inequality and...

  • UNITED NATIONS, Sept 16- As some world leaders question whether the world is facing a climate emergency, more than a dozen cities are stepping up to tackle global warming and sustainable development and will next week pledge to report their progress to the United Nations. Sixteen cities will commit to implementing global goals to end poverty, inequality and...

  • BUENOS AIRES, Sept 16- In late August, amid a sharp plunge in the Argentine peso, global suppliers to oil giant YPF received an unwelcome surprise in their inbox. The move rattled suppliers and global energy firms and will likely lead to a slowing of operations in the country's huge Vaca Muerta shale play, where foreign companies were lured by promises of stability...

  • BUENOS AIRES/ CHICAGO, Sept 11- Argentine soy farmers and crushers expect a boost in demand next year after the South American grains giant won long-sought approval from China to export soymeal to the world's biggest consumer of the livestock feed. Argentina, the top international supplier of soymeal, announced on Tuesday that China would allow imports for the...

  • SINGAPORE, Sept 11- Chicago corn futures rose for a second session on Wednesday to their highest in more than a week, with prices supported by an unexpected decline in the U.S. crop's condition. The most-active corn contract on the Chicago Board Of Trade was up 0.1% at $3.62 a bushel, as of 0401 GMT, while wheat was down 0.5% at $4.79-3/ 4 a bushel. "I think U.S. crop...

  • BUENOS AIRES, Sept 10- China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer. The pact will be signed by Argentine and Chinese officials in Buenos Aires on Wednesday, Argentina's...

  • BUENOS AIRES, Sept 10- China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer. The U.S.- China trade war, however, has strengthened Argentina's hand, prompting China to expand its soymeal...

  • BUENOS AIRES, Sept 10- China will allow the import of soymeal livestock feed from Argentina for the first time under a bilateral deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer.

  • BUENOS AIRES, Sept 5- Argentina is on track to record an energy trade surplus for the first time in a decade in 2020, Energy Secretary Gustavo Lopetegui said on Thursday, as the South American country ramps up production from its Vaca Muerta shale play. Peronist opposition frontrunner Alberto Fernandez, speaking in Madrid on Thursday, said the country's energy...

  • BUENOS AIRES, Sept 4- Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country. The peso edged up and bonds rose after newly imposed capital controls helped stabilize haywire...

  • BUENOS AIRES, Sept 4- Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country. On the streets of Buenos Aires, protesters marched brandishing banners slamming Macri's...

  • Latin America's top currencies are, however, poised to remain weak in coming months as central banks in Brazil and Mexico keep easing to revive growth, with worries over Argentina's financial condition adding to a softer trend, a Reuters poll showed. Sao Paulo- traded stocks rose over 1%, boosted by Petrobras which rose nearly 3% after Brazil's Senate approved an...

  • BUENOS AIRES, Sept 4- Argentina's peso held steady on Wednesday while bonds edged up with newly imposed capital controls helping stabilize haywire markets, even as anti-government protesters gathered in Buenos Aires amid rising inflation forecasts and a deepening recession. The peso currency was virtually flat in early trading at 56.1 per U.S. dollar, after...

  • BUENOS AIRES, Sept 4- Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning towards soy over more expensive corn to cut costs, a shift that could impact next season's harvest in one of the world's top grain exporters. Farmers said a volatile economic situation in Argentina and the likelihood of a new...

  • Sept 3- Argentina's peso firmed for a second day on Tuesday after the country imposed capital controls, but the Merval slumped to a two-year low amid a broad weakening of Latin American stocks on rising U.S.- China trade tensions. The peso closed up 5.39% at 55.98 per dollar as Wall Street traders returning from a U.S. long holiday weekend snapped up the...

  • Latam stocks@ Sept 3- Argentina's peso gained for a second day on Tuesday following capital controls amid a deepening financial crisis, while ongoing U.S.- China trade tensions dented Latin American stocks. The peso opened sharply stronger, up 6% officially against the dollar, marking Wall Street's first reaction to Argentina's new currency controls after a...

  • LONDON/ BUENOS AIRES, Sept 3- Argentina's peso opened sharply stronger on Tuesday, marking Wall Street's first reaction to Argentina's new currency controls after a long holiday weekend in the United States. The pounding of Argentina's bonds eased in Europe after they fell to record lows on Monday and there were tentative gains in some foreign-traded bank...

  • BUENOS AIRES, Sept 2- Argentine bond prices fell to record lows on Monday and the official and black market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default. Central bank president Guido Sandleris on Monday called Argentina's financial system "strong" and said the bank would adhere...

  • BUENOS AIRES, Sept 2- Argentine bond prices fell to record lows on Monday and the official and black market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default. The peso closed 0.88% stronger in official markets, but closed 0.79% weaker in the black market at 63.5 per dollar, a divergence...