News zum Sektor Finanzen aus Argentinien

 

Trump "Worked Magic" On Beef Deal - Likely With Argentina - As Cattle Futures Surge Most Since 1978 U.S. cattle futures are on track for their largest year-to-date gain since 1978 amid an ongoing beef cow shortage. The shortage has driven prices for feedlot cattle to record highs, with charts resembling those of gold or silver, and pushed USDA ground beef prices at supermarkets to record highs. Although Goldman has noted that the 12-year cattle herd cycle has reached a cyclical low, and Tyson CEO Donnie King recently said herd rebuilding will begin in 2026, prices continue to spiral out of control. That's prompted President Trump to take action - just like he did with eggs earlier this year - and told reporters in the Oval Office on Thursday that his administration has reached a deal to lower beef prices.  "We are working on beef, and I think we have a deal on beef that's going to bring the price" down, Trump said, adding, "That would be the one product that we wou...

Citigroup Inc. sold Argentine pesos to the Federal Reserve on Thursday as part of US Treasury Secretary Scott Bessent's wide-ranging effort to buoy the currency and Javier Milei's administration, according to people familiar with the matter....

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When US Treasury Secretary Scott Bessent decided Thursday to buy Argentine pesos in the market to shore up the South American economy, it didn't turn to a US bank. Instead it chose Spain's Banco Santander SA....

Argentina increased foreign-currency restrictions at commercial lenders yet again, as President Javier Milei's government ramps up efforts to support the peso and ease inflation ahead of midterm elections....

Newly imposed liquidity measures aimed at containing a nascent peso selloff have stoked tensions between Argentine President Javier Milei and the country's banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat....

Money managers are piling into Argentina's local markets, seizing on the steep selloff in the peso and domestic bonds to increase exposure to the country's assets....

Argentina was ordered by a US judge to turn over top officials' Gmail, WhatsApp and Signal messages to Burford Capital, the litigation funding firm trying to collect a $16 billion judgment against the South American nation....

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Interest rates on Argentine peso notes are soaring across the board, piling pressure on banks amid a liquidity crunch caused by government efforts to defend the local currency....

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Argentina won't negotiate with Burford Capital, the firm leading efforts to collect a $16 billion judgment against the South American nation, a spokesman for President Javier Milei told reporters Friday....

Argentine payments services startup tapi has acquired the bill payment and cash-handling operations of Mastercard's Arcus in Mexico, part of a bid to double-down on Latin America's second-largest economy....

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Revolut Ltd., Europe's largest digital bank, is acquiring Argentina's Banco Cetelem, a small local lender owned by BNP Paribas, according to two people with direct knowledge of the matter....

Eduardo Savastano, a former veteran in Citigroup Inc.'s wealth management division, is preparing to acquire almost all of Banco Masventas, a small regional bank in northern Argentina, according to a person with direct knowledge....

Argentina launched an agreement with seven private banks on a repurchase agreement of $2 billion, money aimed at bolstering the central bank's foreign reserves....

Mercado Pago, the digital wallet and financial services arm of MercadoLibre, will request a banking license from Argentina's central bank as part of its effort to expand its ecosystem, according to a statement Wednesday....

Argentina's central bank intervened to stop a dollar bond sale by Banco Supervielle halfway through the trading day on Friday, according to two people with knowledge of the matter, a move that could avert pressure on the peso in the parallel exchange market....

JPMorgan Chase & Co. is expanding its footprint in Argentina with new office space, marking one of largest corporate rental properties over the past two decades in the nation's capital....