Monday, February 19, 2018

Monday, Feb

By Reuters

The members of South America's Mercosur trade bloc inked a trade deal with Colombia on Friday to allow limited quantities of tariff-free trade in products including automobiles, textiles and agrochemicals, Argentina's and Colombia's governments said.

The deal, reached during a summit in Mendoza, Argentina between Mercosur members Argentina, Brazil, Paraguay and Uruguay, will allow... (Read More)

By Bloomberg

Argentina’s IPO market hasn’t had quite the jolt some investors were expecting. 

A year and a half after President Mauricio Macri took office, new share sales are slow to take off. Just one company has completed an international initial public offering. The delay comes as private companies wait for their valuations to rise, while taking advantage of their low leverage: Argentine corporates sold about $10 billion in debt over the past 18 months while Merval index valuations are trading at a relatively low level versus their MSCI emerging market peers.

"Issuers are looking to see if their valuations are the highest they can be," said Daniel Patron Costas, head of investment banking at Banco Santander Rio SA. "The IPO boom might not be in 2017, but 2018 should be the key year."

About a dozen new share offerings are expected over the next 18 months, mostly in 2018, and in particular in the... (Read More)

By Punto a Punto

El primer “brote verde” tras 15 meses de semáforos en rojo llegó anteayer, con la difusión del Estimador Mensual Industrial (EMI) del Indec, que reflejó en mayo un aumento interanual de 2,7 por ciento. Pero ya había algunas pistas previas: en cinco meses del año, las exportaciones industriales subieron 8,4% en cantidad; el primer crecimiento de producción de autos desde enero (13,8%, según Adefa) se dio en mayo; sin tomar en cuenta el... (Read More)

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 Fresh Plaza

Garlic has become one of the main exportable vegetables in Argentina, which has allowed the country to rank as the second largest exporter in the world and one of the main producers.

Despite some dumping issues with Chinese garlic, the levels of work in Argentina's garlic sector have advanced in recent times, as 95% of the garlic exported from our country comes from Mendoza and San Juan.

"Historically, the provinces of Mendoza and San Juan have stood out as the biggest producers of garlic in the country thanks to... (Read More)

By Reuters

Argentina's economy grew 0.3 percent in the first quarter of 2017 from a year earlier and 1.1 percent from the fourth quarter of 2016, the government's Indec statistics agency said on Wednesday.

Indec revised data for the fourth quarter of last year, when Argentina emerged from recession, to 0.7 percent from the third quarter rather than 0.5 percent. It also revised fourth quarter 2016 versus fourth quarter 2015 contraction to -1.9 percent from -2.1 percent previously.

(Reporting by Caroline Stauffer; Editing by Jonathan Oatis)


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)

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