Home Tags Argentina

Tag: Argentina

Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.

The fully-legal trading method uses the difference in the official exchange rate and brokers' exchange rate to net thousands of pesos in profit.
Argentina's President Mauricio Macri attends a news conference in Buenos Aires

A hedge fund reportedly hemorrhaged $1 billion in August because it bet on Argentina before the country’s markets crashed

Robert Gibbins, the fund's founder, stands by his investments and thinks Argentina will recover, The Wall Street Journal reported.
Argentina's President Mauricio Macri is no longer the favorite in upcoming elections.

Argentina just brought in currency controls to contain the peso after it lost more than a quarter of its value in a month

Investors have been fleeing from Argentina as the risk of a populist government has grown in recent months.
Argentina's President Mauricio Macri.

The IMF is sending a team to Argentina following the surprising election result that plunged its currency and crashed its stock market

"We are closely following recent developments in Argentina and are in ongoing dialogue with the authorities," said an IMF spokesperson.

Argentina gets nailed with multiple credit downgrades a week after suffering the 2nd-largest stock drop in global history

If local and external borrowing conditions in Argentina do not improve, "both roll-over and fresh financing could be difficult," Fitch wrote.
FILE PHOTO: Argentina's President Mauricio Macri attends a news conference in Buenos Aires

Investors are waiting ‘anxiously’ to hear from Argentina’s next potential president after a surprise election result sent markets cr...

"Everyone is anxiously awaiting to get some signals out of Fernandez," said Franco Uccelli of JPMorgan Private Bank.
Argentina's President Mauricio Macri.

This big-name fund manager lost $1.8 billion during Argentina’s massive market rout

Michael Hasenstab, who made his name betting on economic recoveries, stomached big losses across six funds.

Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis

Investors are increasingly worried that Argentina will be unable to repay its billions of dollars in debt and are dumping the country's assets.

Alexandria Ocasio-Cortez embraces Trump’s ‘Evita’ nickname for her

Rep. Ocasio-Cortez tweeted Evita quotes in response to President Trump's nickname for her. Trump said he was 'starstruck' by her early on.
ICE Homeland Security Investigations announce the results of the international weapons operation.

5,300 illegal firearms and 167 explosives were just seized in a massive bust in Florida

An international weapons trafficking sting, called "Operation Patagonia Express," in the US and South America has resulted in 5,300 seized firearms.