Argentina's new President Mauricio Macri (R) holds the presidential baton with his daughter Antonia from the balcony of Casa Rosada (Pink House) in Buenos Aires city, capital of Argentina, on December 10, 2015."With the resources this country has, there's no reason for our economy to be stalled or imports to be blocked", said Teresita Ugolini, a 70-year-old cosmetologist who remembers the open export policies that once transferred the wealth of the Pampas to the cosmopolitan boulevards of Buenos Read more [...]

Moneycontrol Bureau Shares of Bajaj Auto fell 2 percent intraday Friday on concerns that its export may get hurt. The new Argentina government devalued its currency in order to revive sluggish growth. Argentina's peso plunged more than 26.5 percent yesterday. Latin America contributes 20 percent of Bajaj Auto’s exports with Argentina being one of the key growth markets. Exports overall account for 50 percent of its revenue and enjoy 20 percent EBITDA margin. Analysts point out Read more [...]

Agustin Creevy and Nicolas Sanchez will be among 21 Argentina internationals representing new Super Rugby franchise the Jaguares in 2016. play Read more [...]

OverheardBy Spencer Jakab CONNECT While most Argentines are glad to see the back of Cristina Kirchner, who has presided over years of economic decline, those weren’t tears of joy they were shedding Thursday morning. The new government’s sharp devaluation of the peso may have formalized the “dolár blue” black market rate, but it also lopped tens of billions of dollars off of gross domestic product. The move caps off a stunning decline in per capita terms. A little Read more [...]

Shutterstock photo Argentina's peso depreciated sharply Thursday against the U.S. dollar, a day after the government announced that it was lifting currency controls to attract investors and kick-start the economy. The peso opened trading Thursday at about 13.5 to 14.5 per U.S. dollar, according to Argentina's TN television station. The peso had previously been trading at 9.8 to the dollar Read more [...]

Fed raises interest rates, citing ongoing U.S. recoveryThe Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.  Full Article | Video  Read more [...]

BUENOS AIRES (REUTERS) - Argentina said on Wednesday (Dec 16) it was lifting its currency controls and would allow the peso to float when markets open, setting the stage for a sharp devaluation, following vows by new President Mauricio Macri for reforms to spur economic growth. Mr Macri, a free-markets advocate who took office last week, wants to boost exports and regain investor trust in Latin America's third largest economy, damaged by heavy state intervention and a lack of trustworthy official Read more [...]

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Asked what he expected the exchange rate to be now they were
floating the currency, Prat-Gay said there was "no magic
number". However, the most realistic exchange rate at the moment
was the "blue-chip swap" rate, used to buy Argentine assets
traded abroad, he said.

With just ten weeks until the opening round of the 2016 Super Rugby season, the new Argentina-based franchise has been given a name and logo. The general manager of Argentine Rugby Union, Greg Peters, announced on Thursday that Argentina’s offering to the Super Rugby competition will be called the Jaguares. @RugbyARG_ looks great they will be a very exciting team to watch it is great for rugby in Argentina rugby in general #rugbyunited — Mary McMillan (@mazmcm) December 16, 2015 The Read more [...]