By Punto a Punto

Un informe de la entidad prevé que el Gobierno nacional alcanzará un proceso desinflacionario a condición de mantener un "sesgo contractivo de la política monetaria".

Se mantendrá el sesgo contractivo de la política monetaria durante lo que resta del año. Por eso la suba de precios será la mitad que el año pasado y la más baja en ocho años. Así lo revela un estudio del Banco Ciudad.

El Instituto Nacional de Estadística y Censos (Indec) dio a conocer la semana pasada que la inflación mensual de mayo se ubicó en... (Read More)

By Bloomberg

Argentina’s peso is hovering near record lows, but carry-trade investors aren’t worried.

Taking advantage of some of the world’s highest interest rates, investors who borrow in dollars to buy local assets are finding there’s money to be made even as the peso drops and analysts call for further declines. BBVA Securities Inc. predicts... (Read More)

By America CGTN

E-commerce giant Alibaba Group is partnering with the government of Argentina to bring the South American country’s foods and wine to China.

A new memorandum of understanding between the two parties designates Alibaba’s platforms as official channels for the sale of Argentina’s top agricultural products into China

CGTN’s Joel Richards reports.

In Argentina’s wine region of Mendoza, producers hope that... (Read More)

By Barrons

Unlike its neighbor Brazil, Argentina is mostly enjoying good news these days.

Indexer MSCI is expected to confirm next month that Argentina will be elevated from frontier to emerging market status some time in 2018, which should draw in a new group of eligible funds and other investors interested in more developed markets. Argentina has been on the rebound since center-right President Mauricio Macri took office in December 2015, ending 12 years of left-leaning rule under Cristina and Néstor Kirchner.

Macri has loosened currency restrictions and settled lawsuits with investors holding claims on defaulted government debt. This year Argentina’s gross domestic product is expected to expand 2.2%. Inflation remains a major challenge and could exceed 20% in 2017, according to the International Monetary Fund. But with 10-year Argentine treasury bonds yielding about 6.25%, investors have snapped up roughly $30 billion in new bonds issued, as Argentina returned to foreign capital markets for the first time since its 2001 default. As for stocks, the Global X MSCI Argentina exchange-traded fund (ticker: ARGT) is up 49% over the past 12 months.

Presuming the index reconstitution, and a healthy backdrop for emerging markets overall–commodity prices in a respectable trading range, no central bank surprises, no growth shocks from China or elsewhere–Argentina is a good bet among developing markets, says Sean Newman, a portfolio manager who helps oversee $1.7 billion in emerging market bond investments at Invesco. He wants to see more evidence that the government can achieve its fiscal deficit target of about 3.5% of GDP, down from 4.2% at the end of 2016, with legislative elections in October possibly slowing progress. But he likes Argentine government debt in dollars and pesos, and provincial and corporate debt.

ARGENTINA IS OUTSHINING BRAZIL, which last week was in the midst of yet-another major corruption inquiry after a recording was discovered that allegedly implicates President Michel Temer in a coverup scandal. Temer denied the allegations. Brazil is still trying to inch its way from a prolonged recession. The iShares MSCI Brazil Capped ETF (EWZ) tumbled more than 17% Thursday on the Temer news. But there was little contagion effect for Argentina, with its ETF down 3%.

The Argentine equity market is small but diverse: The underlying MSCI Argentina index of nine stocks encompasses 85% of the country’s equity universe. Online Latin American retailer MercadoLibre (MELI), with a market cap of $12 billion, and oil and gas exploration company YPF (YPF) with a market value of $9.5 billion, dominate. The stocks this year are up 76% and 49%, respectively.

A smaller and more entrepreneurial name in the index has had its struggles: Adecoagro (AGRO), with a market value of $1.4 billion, was co-founded by CEO Mariano Bosch to squeeze efficiencies from farmland it owns or leases in Argentina, Brazil, and Uruguay. Earnings, tied to sugar, corn, and beef cycles, have been elusive, but Bosch told Barron’s last week that the small 6% stock return this year is due mostly to the publicized selling by early investors, including George Soros. The stock is a bit pricey at roughly... (Read More)

By Punto a Punto

La Municipalidad de la Ciudad de Mendoza comunicó hoy un “importante aumento de la construcción” en Capital. “En los últimos meses  se evidencia una recuperación de la inversión privada y económica en el país, el aumento de los... (Read More)

By Fresh Plaza

The local industry is alarmed by the crisis in Brazil, Argentina's main partner, mainly because some importers have begun to reduce their orders and because exporters fear there will be a considerable change in the payment mechanism.

According to Jorge Perez Cuesta, President of ProMendoza, "some buyers have decided to be more cautious. That's why they've asked companies not to... (Read More)

By Punto a Punto

La empresa mendocina Victoria Estelrich (VES), realizó en abril su primera exportación de trajes de baño a la ciudad de Osaka en Japón. Dicho proceso de exportación estuvo acompañado, desde sus inicios por el asesoramiento de la firma ALL IN SA, Servicios al Comercio Internacional.

Los directivos de ALL IN SA expresaron que “es muy satisfactorio poder asesorar desde el inicio a un emprendedor, en este caso Maria Victoria y Maria Pia Estelrich, dar juntos cada paso y trabajar para lograr este resultado, que tuvo un proceso de casi... (Read More)

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