Category: Argentina Market

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Soybeans rebound on hopes of strong demand for U.S. supplies

SINGAPORE — Chicago soybean futures kicked off March on a bullish note, climbing 0.9% on Monday as delays in exports from Brazil boosted expectations of higher demand for U.S. supplies.Corn and wheat futures rose after two sessions of declines.“There have been reports over the weekend that there is too much rain in Brazil and dryness in Argentina,”…

The five hotspots where food prices are getting people worried

The world is racing to vaccinate its way out of the coronavirus pandemic, but another challenge has already emerged for some more vulnerable governments and economies.Global food prices are at the highest in more than six years, driven by a jump in the cost of everything from soybeans to palm oil because of demand from China, vulnerable supply chains…

Electricity needed to mine bitcoin is more than used by ‘entire countries’

It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes.The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according…

Argentina receives Chinese Sinopharm vaccines to combat COVID-19

Photo taken on Feb. 25, 2021 shows the plane carrying the first batch of China’s COVID-19 vaccines to Argentina with prints saying “Happy New Year and Good Year of the Ox” both in Chinese and Spanish and a sign of Ox on the fuselage. Argentina received the first batch of vaccines from Chinese pharmaceutical firm Sinopharm on Thursday night. (Photo…

Argentine lab strikes deal to produce Russia’s Sputnik V vaccine

BUENOS AIRES — An Argentine laboratory has struck a deal to help produce Russia’s COVID-19 vaccine Sputnik V, according to a company statement shared by the country’s government on Friday, helping boost the local firm’s share price.Laboratorios Richmond has signed a memorandum of understanding with Russia’s RDIF sovereign wealth fund to be…

Argentina: Merchandise exports rebound in January

Merchandise exports expanded 7.3% in annual terms in January, strongly contrasting December’s 34.1% slump, which had the worst reading since September 2009. The print reflected skyrocketing foreign sales of agricultural manufactures more than offsetting tumbling exports of primary products and dips in exports of manufactures of industrial origin and…

Better Buy: MercadoLibre vs. Alibaba

MercadoLibre (NASDAQ:MELI) and Alibaba (NYSE:BABA) are two of the world’s largest e-commerce companies. MercadoLibre, founded in Argentina in 1999, is Latin America’s leading e-commerce player with a presence in 18 countries. Alibaba launched the same year and has become China’s top e-commerce and cloud services company.Both companies have generated…

Argentine lab says agrees deal to produce Russia’s Sputnik V vaccine

The Daily BeastThree Percenter Truck at Capitol on Jan. 6 Belongs to Hitler-Quoting Rep’s HusbandPhoto Illustration by The Daily Beast/Getty/TwitterA pickup truck parked at the United States Capitol and bearing a Three Percenter militia sticker on the day of the Jan. 6 riot belongs to the husband of freshman U.S. Rep. Mary Miller of Illinois, who…

IMF admits discussions with Argentina continue but no meeting planned for May

IMF admits discussions with Argentina continue but no meeting planned for May Friday, February 26th 2021 – 13:54 UTC Full article Gerry Rice, who earlier this month said the IMF would “do our utmost” to meet a timetable for May, stopped referring to May as a target for striking a deal. IMF has no date yet set for its next visit to Argentina…

Crown Point Terminates Merger Discussions with Centaurus

CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) — Crown Point Energy Inc. (“Crown Point”) (TSXV: CWV), a Calgary-based oil and gas company with Argentine upstream conventional oil and gas assets, announces that it has terminated merger discussions with Centaurus Energy Inc. (“Centaurus”).Crown Point has determined that it will not be proceeding…

IMF says no date for next Argentina visit as hope fades for May deal

NEW YORK — The International Monetary Fund does not have a date yet set for its next visit to Argentina as both sides discuss an expected replacement to a failed 2018 program, a spokesman for the IMF said on Thursday.The parties could next meet in Washington soon, as Argentine Economy Minister Martin Guzman will visit the U.S. capital next month,…

IMF says no precise date yet for next formal mission to Argentina

NEW YORK — The International Monetary Fund does not have a date yet set for its next visit to Argentina as both sides discuss an expected replacement to a failed 2018 program, a spokesman for the IMF said on Thursday.The parties could next meet in Washington soon, however, as Argentine Economy Minister Martin Guzman will visit the U.S. capital next…

Mexican peso leads Latam FX losses as bond yields climb

Mexico’s peso led a decline in LatinAmerican currencies on Thursday as worries about rising globalborrowing costs hit emerging market assets despite a broadlyweakening dollar. The peso fell 1.8% to 20.73 per dollar, with domesticinvestors also cautious after Mexico’s lower house of Congress approved a controversial bill aimed at increasing…

Optimistic forecast in coming months for Argentina’s economic activity

Optimistic forecast in coming months for Argentina’s economic activity Thursday, February 25th 2021 – 10:20 UTC Full article Economy activity was up 0.9% in December versus November, the INDEC statistics agency said, the eighth consecutive period of month-on-month growth Argentina’s economic activity was down 10% during 2020 after falling…

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