The rest of the 12 participating nations will fill the four groups after a draw to be held in early 2016.Copa America Centenario honors 100 years of the Copa America tournament, which determines the South American champion. The once-in-a-lifetime event, featuring the top national teams from South America, North America and the Caribbean, will be held in 10 venues across the United States.The particular version of the South American championship, the primary to be performed past the continent, will Read more [...]

Barely a week after he was sworn in as president of Argentina, Mauricio Macri has taken a bold step to help boost the country’s economic growth. Macri announced, in Buenos Aires on Wednesday, that he would lift currency controls that have made the Argentine peso artificially strong by allowing the currency float freely. However, economists have also said that while this move might boost export and increase economic growth, it may also fuel inflation in the country, which already stands at 25 Read more [...]

Foreign exchange houses were adjusting their systems to comply with new rules so not all Buenos Aires brokers were yet available to meet clients' demands. The peso lost around 30% of its value on the first day of the new system, but on Friday slightly recovered Read more [...]

Share: Facebook Twitter Google + LinkedIn Brazil, Argentina, Mexico and host United States were named as seeded teams and placed in four separate groups when the Confederation of North, Central America and Caribbean Association Football (CONCACAF), Read more [...]

Macri's argument with Fernandez stemmed from his wish that he receive the presidential sash and ceremonial baton at the palace, while Fernandez insisted on holding the full ceremony in Congress, where her party has the most seats.They also aligned Argentina with socialist leaders like the late Venezuelan President Hugo Chavez and Bolivian President Evo Morales, who attended Fernandez's farewell speech.In his Thursday address, Macri promised to fight the nation's growing drug trade "as no president Read more [...]

The world’s biggest 2016 turnaround project is arguably Argentina, where new President Mauricio Macri must repair 12 years of Peronist damage to the rule of law and the economy. He’s off to a good start in his first week on the job.

On Thursday the government took an important step by lifting capital controls and letting the peso exchange rate fall to 13.3 to the dollar from the central bank’s official peg of 9.8. That’s a sharp...

NEW YORK (CNNMoney) – Rapid inflation, meager growth and a debt default have plagued Argentina for years. But its new president, Mauricio Macri, has surprised many with the blinding pace of change he has undertaken in Argentina — a country unaccustomed to economic reform. Macri promised to reboot Argentina’s economy, if elected. And since he took office on December 10, he’s following through. In the first seven days of his presidency, here’s what Macri has done: The biggest change came Read more [...]

Argentina’s onshore peso futures tumbled as local trading resumed a day after president Mauricio Macri fulfilled his pledge to devalue the currency and let it float freely.Three-month onshore forwards dropped to 13.71 pesos per dollar as of 12:57 p.m. in Buenos Aires, down 23 percent since they last traded Nov. 20. Local trading had been suspended for nearly a month as a growing gap between prices in onshore and offshore markets spurred criticism that the central bank was propping up the domestic Read more [...]

William Rhodes, the former Citigroup Inc. executive who helped restructure hundreds of billions of dollars in debt over three decades, says Argentine President Mauricio Macri is making him optimistic about the country’s future.Rhodes, 80, who described leading Argentina’s debt restructurings in the 1980s and 1990s in his book “Banker to the World,” said that despite the nation’s history of false starts, Macri will follow through on his plans to normalize the economy and lure investment. Read more [...]